Shares of database provider Snowflake jumped more than 19% in the wake of its report after dropping less than 1% in regular trading. Investors seemed to be encouraged that the company sailed well past its earlier quarterly product revenue projections and raised its full-year ... Read more ›
0
Former President Donald Trump said that if re-elected, he would appoint Tesla CEO Elon Musk to head a commission to audit the federal government and recommend “drastic reforms” that could save trillions of dollars. Musk has been angling for such a position on X, the social platform ... Read more ›
0
Oracle co-founder and billionaire Larry Ellison will be the controlling owner of Paramount Global after a group led by his son, David Ellison, completes its acquisition of Paramount’s current owner, the Redstone family’s National Amusements. According to an FCC filing on Thursday, Ellison, who ... Read more ›
2
Nvidia is part of an investor group that agreed to invest $160 million in Applied Digital, a publicly traded data center and cloud computing firm focused on Nvidia’s artificial intelligence chips, Applied Digital said Thursday. Nvidia’s involvement in the fundraising follows similar investments ... Read more ›
0
How much would you be willing to pay for ChatGPT every month? $50? $75? How about $200 or $2,000?That’s the question facing OpenAI, whose executives we hear have discussed high-priced subscriptions for upcoming large language models, such as OpenAI’s reasoning-focused Strawberry and a new flagship LLM, dubbed Orion. (More on those models here and here.) How much customers are willing to pay for the AI chatbot matters not only to... Read more ›
31
Huawei Technologies, whose phones are a major competitor to Apple’s iPhones in China, has scheduled a big product announcement for next Tuesday, the day after Apple is expected to unveil its next iPhone. That would be an ideal time for Huawei to unveil its much-anticipated next flagship phone, the Mate 70. But Huawei and the company that manufactures its chips, Semiconductor Manufacturing International Corp., are struggling with production of the... Read more ›
16
Shares in C3.ai, which sells artificial intelligence services to large companies and government agencies, fell as much as 17% despite projecting that revenue growth in the current fiscal quarter would accelerate to 23%, or about $90 million, based on the midpoint of its guidance, compared to 21% ... Read more ›
0
It’s the billion-dollar baby of artificial intelligence. Safe Superintelligence Inc., the AI startup launched by former OpenAI chief scientist Ilya Sutskever, announced Wednesday it had raised a whopping $1 billion from big-name venture capital firms, including Sequoia and Andreessen Horowitz. That’s a huge amount of money for a three-month-old company with 10 staffers, no product and a “singular focus” on creating “safe” AI rather than a money-making product (at least... Read more ›
0
Almost a year ago, I wrote about sports creator Jack Settleman’s decision to abandon a YouTube account that had nearly 600,000 subscribers and start over on YouTube. His initial channel had become popular thanks to Shorts videos, but those viral views didn’t translate over to longer videos or help build a loyal audience, he told me. Read more ›
0
Elon Musk’s X said it has launched a new video app in beta for internet-connected TV screens as the company tries to revitalize its struggling ads business. The new TV app is available in some app stores with more on the way, the company’s X Engineering account posted, without providing further ... Read more ›
0
Uniswap Labs, the largest decentralized crypto exchange, agreed to settle charges by the Commodity Futures Trading Commission that it illegally allowed small individual investors to make leveraged crypto bets. The CFTC alleged that Uniswap allowed users to trade tokens that provided leveraged ... Read more ›
2
Microsoft’s vision of using artificial intelligence to take some of the drudgery out of creating spreadsheets, documents and slide presentations is running into snags at businesses like Ascendion, a technology consulting firm. The firm has about 100 employees testing a Microsoft AI feature known as 365 Copilot that automates tasks in Microsoft 365, the suite of applications, formerly known as Office, that includes Word, Excel and PowerPoint. The AI does... Read more ›
16
Around the peak of Miami’s hype as a burgeoning startup hub, venture capital firm Andreessen Horowitz opened an office there. Now, two years later, the firm has shuttered it, Bloomberg reports. Miami attracted scores of venture capitalists and startup founders during the pandemic, ... Read more ›
0
Safe Superintelligence Inc., the secretive artificial intelligence lab started by OpenAI co-founder Ilya Sutskever, has raised $1 billion in capital, the company said. The company may have raised the capital across numerous rounds. The company has authorized series seed, seed extension and ... Read more ›
6
A UK regulator has cleared Microsoft’s deal with the AI startup Inflection to hire most of its staff and pay for its intellectual property, closing its investigation into the deal. The UK Competition and Markets Authority said on Wednesday that it had determined that Microsoft’s unusual ... Read more ›
0
The biggest artificial intelligence developers are abuzz over Elon Musk’s claim on Monday that he completed a cluster of 100,000 Nvidia H100 chips in four months, to be used to train the next models of his startup, xAI.If true, the cluster would be the most powerful cluster of graphics processing units in the world, but its rapid buildout would fly in the face of conventional wisdom about how long it... Read more ›
84
As Canva moves toward a possible initial public offering, the graphic design software company has a big hole: Its chief financial officer resigned in February and hasn’t been replaced. What’s more, just three of its seven C-suite executives have worked at a public company. There’s more public company experience among people in the next tiers of management at the Australia-based company. Nearly half of the 41 leaders on The Information’s... Read more ›
35
Alibaba Group said its Taobao and Tmall online shopping sites in China will soon start accepting WeChat Pay, developed by rival Tencent, as one of the payment methods for purchases. The move is the biggest step yet by China’s two biggest tech giants toward making their consumer apps ... Read more ›
0
OpenAI CEO Sam Altman’s plan to raise money for new data centers, power sources, and chip manufacturing plants for artificial intelligence will start in the U.S. and could cost tens of billions of dollars, according to a Bloomberg report. Investors in other countries such as Canada, Korea, Japan ... Read more ›
8
Just what we needed: a stock market chill to remind us that summer is over. Investors on Wall Street were dumping stocks left, right and center on Tuesday, after anemic manufacturing data reminded people of economic uncertainties they had put out of their minds. Tech stocks were a sea of red, from the smallest to the biggest companies. But the size of the price drop varied a lot. While most... Read more ›
2
The U.S. Department of Justice has sent a subpoena to Nvidia, as part of a probe looking at whether the firm is engaging in anticompetitive practices, according to a Bloomberg report. The agency is concerned that Nvidia is abusing its market dominance by locking-in existing customers in and ... Read more ›
5
Most popular sources
Business Insider
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31% 3 |
Eurogamer.net
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10% 5 |
Gizmodo
|
9% 3 |
CNET
|
7% 0 |
Tom's Hardware
|
7% 0 |
| View sources » | |
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25.11.2024 09:43
Last update: 09:36 EDT.
News rating updated: 16:32.
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