The U.S government conditionally approved a bank charter application for Erebor Bank, a cryptocurrency-focused bank co-founded earlier this year by Anduril co-founder Palmer Luckey and Palantir co-founder Joe Lonsdale. The Office of the Comptroller of the Currency on Wednesday said it granted ... Read more ›
0
Amazon is preparing to lay off as much as 15% of its human resources staffers, Fortune reported, along with cuts to other parts of the e-commerce giant’s consumer division. The report didn’t specify the total number of employees involved in the planned cuts or potential timing. Amazon didn’t ... Read more ›
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I recently reported on the software engineers who have resisted using AI coding tools such as Cursor and Claude Code, even when their managers strongly encourage their use. AI still has technical limitations—and it threatens to make engineering jobs obsolete, they say. But there’s a wrinkle to this story: some engineering students have been slow to embrace these tools because they’ve been told not to use them. Three undergraduate students... Read more ›
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OpenAI has spent roughly $6.4 billion in stock to buy three startups over the last 16 months, while its smaller rival Anthropic has done barely any deals. But Anthropic, recently valued at $170 billion in a funding round, told investment bankers in recent weeks that it is getting ready to move off the sidelines and do more acquisitions, according to people who have spoken to its executives. It is considering... Read more ›
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The European Union is discussing new rules that would force Chinese companies to transfer their technologies to European companies or form joint ventures with European partners when operating in the region, Bloomberg and other news outlets reported. Such rules would apply to Chinese firms in key ... Read more ›
0
If there is a bubble in artificial intelligence, much of the blame can be placed on Wall Street, not Silicon Valley. Financial markets are as frothy as they can be, and the appetite for risk appears to be insatiable. That’s why Sam Altman has been able to get otherwise rational companies and investors to fund his audacious growth plans. On Tuesday, we got the latest evidence of a financial bubble... Read more ›
0
Google and ad agency giant WPP announced a five year extension of a previously announced marketing partnership. Under the renewed deal, WPP will spend $400 million on Google’s technologies. WPP uses Google’s AI particularly in its WPP Open product, an AI platform for marketers. WPP and Google ... Read more ›
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When somebody writes the biggest check in a round of venture funding, they usually want to shout it from the rooftops. Not so for Nvidia in its latest investment.The chip giant caused a stir last week when it objected to being called the lead investor in a $2 billion round of funding for Reflection, a one-year-old company developing open-source artificial intelligence software. Read more ›
0
OpenAI CEO Sam Altman said Tuesday that the company plans to relax restrictions for adult users of its chatbot. The company will fully roll out “age-gating,” or age verification features, by December, at which point verified adults can interact with more mature content, including erotica, Altman ... Read more ›
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Salesforce CEO and co-founder Marc Benioff, speaking at Salesforce’s annual Dreamforce conference, announced expansions of existing partnerships with OpenAI and Anthropic aimed at making it easier for customers to build agents using those startups’ models. In doing so, Benioff made clear that ... Read more ›
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Goldman Sachs reported strong earnings and said it was on track for a record year in its investment banking and markets division. At the same time, it warned employees of potential job cuts amid a push to use artificial intelligence to overhaul the bank’s operations in areas such as lending, ... Read more ›
0
Welcome back! Salesforce’s annual customer conference Dreamforce is under way, so check back in the coming days for our coverage of the event and what it means for artificial intelligence in enterprises.Now on to today’s column…Last week, our report on the razor-thin gross profit margins Oracle generates from renting out Nvidia chips to AI developers raised questions about how the rest of the cloud industry is faring.The most profitable cloud... Read more ›
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Oracle said Tuesday it will be the first cloud provider to offer a large cluster of Advanced Micro Devices’ next-generation artificial intelligence server chips next fall. The deal involves 50,000 of the AMD chips, MI450 graphics processing units, the companies said. It isn’t clear how much data ... Read more ›
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If you’ve ever uploaded a picture of a receipt to an expense report or read a PDF of a book online, you’ve likely used optical character recognition, a decades-old technique that converts images of typed, handwritten or printed text into text that’s editable on a computer.OCR might not sound like the sexiest market. But it’s interesting enough for Andreessen Horowitz, one of the most prolific backers of young AI startups... Read more ›
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Walmart said Tuesday that it would soon start selling products through ChatGPT’s Instant Checkout feature, marking the first major retailer to strike an e-commerce partnership with the AI firm. Shoppers will be able to buy most Walmart and Sam’s Club products directly in ChatGPT conversations, ... Read more ›
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Demand for Nvidia’s artificial intelligence chips has spawned half a dozen multibillion-dollar cloud providers that buy the chips, install them in data centers and rent them out to OpenAI and other AI developers. Another upstart, Together AI, is now joining the race among these neoclouds, which compete against traditional cloud providers such as Amazon and Google. San Francisco–based Together, which has been leasing Nvidia chip servers from cloud providers and... Read more ›
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Coatue Management and Accel have been in talks to make major investments in Anysphere, which makes popular coding assistant Cursor, according to two people with direct knowledge of the discussions. Anysphere is planning to raise at least $1 billion in new capital at a $27 billion valuation ... Read more ›
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The hardest-working people in tech right now must be the OpenAI team responsible for writing press releases. On Monday—Columbus Day or, if you prefer, Indigenous People’s Day—when much of American business and government was closed, OpenAI put out its sixth big news announcement of the past three weeks. The company unveiled another chip-supply deal, this time with Broadcom, which is working with OpenAI to develop a custom-made artificial intelligence chip... Read more ›
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Goldman Sachs said Monday it had agreed to buy Industry Ventures, an investor in private startups and venture funds, in a transaction worth up to $965 million. The investment bank said it planned to make an upfront payment of $665 million with an additional $300 million payable over the next ... Read more ›
2
More than half of a key Amazon Web Services cloud service for accessing artificial intelligence is running on the company’s custom-designed AI chips, said Julia White, AWS’s chief marketing officer, in an interview on The Information’s TITV. Amazon executives haven’t previously shared such ... Read more ›
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Most popular sources
Business Insider
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22% 5 |
MacRumors
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10% 5 |
Gizmodo
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9% 1 |
Tom's Hardware
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8% 4 |
Wired
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7% 0 |
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23.10.2025 20:55
Last update: 20:35 EDT.
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