Crusoe, the startup developing a giant data center for OpenAIâs $500 billion Stargate effort, is raising around $1 billion in a bid to join the race to provide computing power for artificial intelligence. The company burst into AI by promising quick access to electricity for power-hungry data centers. Its new effort will leverage that position to build its own data centers and manufacturing equipment and to rent out AI chips.... Read more âș
0
Amazon is closing its artificial intelligence lab in Shanghai due to rising U.S.-China tensions, according to the Financial Times. Wang Minjie, a scientist at the lab, said on the WeChat social networking app that the team was âbeing dissolved due to strategic adjustments amid US-China tensionsâ ... Read more âș
0
Chinese tech giant Alibaba Group has launched an open-source artificial intelligence coding model, in a challenge to Anthropic and other U.S. competitors. In a statement released Wednesday, Alibaba touted the new model, Qwen3-Coder, as its most advanced AI coding model to date. The company also ... Read more âș
0
Amazon is acquiring Bee, a startup that develops a wearable AI device for listening to usersâ conversations, Bee co-founder and CEO Maria de Lourdes Zollo announced. Bee makes a $50 watch that transcribes daily conversations and summarizes them in a smartphone app. All Bee employees have ... Read more âș
0
If youâre a renter whoâs worried youâll never be able to afford to buy a home, consider looking for ways to get rich quick in the stock market! For instance, investing in an unprofitable, shrinking home-flipping company can be a surprising moneymaker. Iâm talking specifically about Opendoor, whose shares are up more than 400% this month. Opendoor, which went public through a Chamath Palihapitiyaâbacked special purpose acquisition company deal in... Read more âș
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Darshan Kantak, senior vice president of revenue product at Snap, the maker of Snapchat, is leaving the company, a Snap spokesperson confirmed. His departure comes two weeks before Snap is scheduled to report second quarter earnings, when its ad sales performance will be in the spotlight. In ... Read more âș
0
Earlier this year, uncertainty stemming from the Trump administrationâs tariffs seemed poised to hurt advertising demand. But those worries seem to have faded during the second quarter as President Trump postponed tariff deadlines. In fact, ad spending growth accelerated for Meta Platforms, YouTube, Googleâs paid search advertising and sponsored products on Amazon during the three month period ending in June, according to estimates from a new report from Tinuiti. The... Read more âș
0
Weâve written a lot lately about the hefty stock packages companies like Meta Platforms, OpenAI and others are dishing out to recruit artificial intelligence researchers. Outside AI, many private company CEOs are also recalibrating how they use shares to keep and reward people. Take, for instance, Armis. The nine-year-old cybersecurity startup has recently completed a $100 million buyback of shares held by current employees, funded by new and existing investors,... Read more âș
18
Meta Platforms has hired three more artificial intelligence researchers from Google DeepMind as Meta CEO Mark Zuckerberg continues his aggressive efforts to recover from stumbles earlier this year with an unprecedented AI recruiting push. The latest hiresâTianhe Yu, Cosmo Du and Weiyue Wangâworked on a version of Googleâs Gemini model that the search giant this week said had solved problems in this yearâs International Math Olympiad at a level that... Read more âș
22
Salesforce, Figma and other enterprise app firms have responded to a potential threat from artificial intelligence startups by limiting the startupsâ access to customer data or files, even if the customers themselves give permission. But Aaron Levie, CEO of file storage firm Box, which turns 20 this year, says his company has no intention of following Salesforceâs move.âFundamentally, itâs our customersâ data, and we are the platform for helping them... Read more âș
4
Elon Muskâs xAI is turning to loyal backer Valor Equity Partners to raise $12 billion for purchasing artificial-intelligence chips it would then lease to the AI company, the Wall Street Journal reported. The Valor deal would help xAI expand its access to high-powered chips as it competes with ... Read more âș
1
The Trump administration is trying to look for alternatives to Elon Muskâs SpaceX for its âGolden Domeâ missile defense project, Reuters reported Wednesday. U.S. officials have spoken with other companies including Amazon, which is launching satellites for its Project Kuiper satellite internet ... Read more âș
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Ever since researchers began noticing a slowdown in improvements to large language models using traditional training methods, theyâve shifted to reinforcement learning, a technique that rewards a model for accomplishing certain goals and penalizes it for other behaviors, as we covered last week.That typically means human experts giving feedback on model outputs or showing a model examples of tough questions and answers in fields like software engineering, biology and medicineâessentially,... Read more âș
5
Earlier this year, the Apple team working on the companyâs artificial intelligence models wanted to release several of them as open-source software. Doing so would have shown Appleâs technical progress in AI while also harnessing the help of outside researchers to improve the models. Still, it also would have revealed to the public how dramatically the performance of the models dropped when Apple shrunk them to fit on iPhones, compared... Read more âș
29
OpenAI and Oracle said Tuesday that they agreed to develop an additional 4.5 gigawatts of data center capacity in the U.S., increasing their earlier agreement ninefold. The deal comes as other artificial intelligence developers including xAI and Meta Platforms tout their plans for big clusters ... Read more âș
0
Will Microsoft dock Satya Nadellaâs pay again this year? The software giant faced the latest in a seemingly endless string of security breaches over the weekend, when it told customers that hackers were exploiting a flaw in its SharePoint file-sharing software. According to a statement by cybersecurity firm Palo Alto Networks, the fact that SharePoint is integrated with Microsoftâs other services, such as Office, Teams and Outlook, makes the hack... Read more âș
0
A joint venture between OpenAI and SoftBank to develop $500 billion worth of data centers for artificial intelligence is off to a slow start. The companies have scaled back their initial plans due to disagreements and may only develop a small data center by the end of the year, according to the ... Read more âș
1
Fidji Simo, the former Instacart CEO and former OpenAI board member, will take up her previously announced post as CEO of OpenAIâs Applications on Aug. 18, she said in a post on X on Monday. In an accompanying blog post, Simo shared her thoughts on the promise of AI, including its potential to ... Read more âș
0
CoreWeave said Monday it would raise $1.5 billion in debt, two months after it raised $2 billion to help refinance existing debt. The artificial-intelligence chip rental company has soared more than 200% in trading since its March initial public offering, when it came to the stock market ... Read more âș
0
Blackstone withdrew from a consortium of investors looking to invest in TikTokâs U.S. operations, Reuters reported. The move comes amid ongoing uncertainty around the timing of a deal and multiple delays from the Trump administration via executive orders. A Blackstone spokesperson did not ... Read more âș
0
Most popular sources
Business Insider
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39% 21 |
Gizmodo
|
12% 8 |
Vox
|
7% 1 |
The Verge
|
5% 2 |
Tom's Hardware
|
5% 18 |
| View sources » | |
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04.11.2025 05:32
Last update: 05:25 EDT.
News rating updated: 12:20.
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