Meta Platforms is pulling top engineers from across the company into its new Applied AI Engineering division—whether they like it or not—as part of its aggressive push to step up its competitiveness in the AI model arms race. In an internal memo sent to employees on Wednesday and seen by The ... Read more ›
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Some of the biggest Wall Street fund managers are planning to trek to the southernmost tip of Texas, then about 950 miles to Memphis, Tenn, in two weeks, for exclusive visits to SpaceX facilities ahead of what could be the biggest initial public offering of all time, three people familiar with the matter said. The two-day trip is sure to inspire awe at Starbase, where SpaceX is building the world’s... Read more ›
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Anthropic says that its new AI model, Mythos, is so good at carrying out cyberattacks that the company has decided not to release the full version of the model publicly—instead, it’s only sharing the model with top tech companies so they can start building up their defenses.But in the meantime, existing AI models—which are already publicly available—can autonomously carry out highly sophisticated cyberattacks in minutes, according to new research shared... Read more ›
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Mercor hit over $1 billion in annualized revenue earlier this year, up from a $500 million pace in September 2025, according to a person with direct knowledge of the company’s financials. The growth occurred before a group called Lapsus$ claimed to have hacked Mercor and offered to sell large ... Read more ›
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Semiconductor startup SiFive said it raised $400 million in a funding round that values the firm at $3.6 billion after the investment, as it tries to use its unique central processing unit technology to serve artificial intelligence workloads. SiFive is one of the largest startups focused on an ... Read more ›
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Amazon’s chip business has reached an annual revenue run rate of more than $20 billion, CEO Andy Jassy said on Thursday in his annual shareholder letter, up from the more than $10 billion Jassy disclosed on an analyst call in February. Amazon sells access to standard Graviton CPU chips as ... Read more ›
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Meta Platforms has agreed to spend an additional $21 billion renting artificial intelligence chips from cloud provider CoreWeave from 2027 through 2032, bringing its total potential spending on CoreWeave to $35 billion. The latest commitment is on top of an earlier deal Meta had to spend $14 ... Read more ›
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Unilever said Thursday that it will acquire gummy supplement startup Grüns, marking the latest acquisition of a fast-growing, wellness-focused startup by a large consumer company. Grüns, which was founded in 2023 by former private equity investor Chad Janis, was valued at $500 million last year ... Read more ›
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Tesla is considering building a new SUV that would be smaller and cheaper than its current vehicle models, Reuters reported on Thursday. The vehicle is under early development and would initially be produced at Tesla’s factory in Shanghai if the company decides to move forward with production, ... Read more ›
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Meta Platforms’ Wednesday release of Spark, the first model in its broader Muse model family, doesn’t blow other frontier models out of the water, according to developers and researchers I talked to. But at least puts the company back in the AI conversation. The model is already powering the Meta AI app and website but it’ll take some time to roll out to Meta’s social media apps like WhatsApp, Instagram... Read more ›
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OpenAI’s advertising effort is so new that the company is still working out the kinks in it. That hasn’t stopped it from setting ambitious aims for the business, which it expects to become the largest driver of its revenue by the end of the decade. OpenAI expects advertising to generate about $2.4 billion in revenue this year and to quadruple next year, to nearly $11 billion, according to financial forecasts... Read more ›
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Alibaba Group has anonymously released a new AI video generation model called HappyHorse-1.0, which rose to the top of an AI model leaderboard and attracted a lot of attention on social media, according to two people with knowledge of Alibaba’s involvement. The new video model is the Chinese ... Read more ›
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Guess what: Meta Platforms is still in the AI model game. You might have forgotten that fact, given that it’s been a little while since we’ve seen much new on the AI front from the Facebook owner. But CEO Mark Zuckerberg took to Threads on Wednesday to reveal the new model family, known as Muse, and its first member, Spark. Meta stock jumped 6.5% on the news, although the market... Read more ›
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A federal appeals court on Wednesday rejected Anthropic’s motion to halt the Department of Defense’s blacklisting of the company while Anthropic challenges the designation in court. The ruling from the circuit court in Washington, D.C., sets up split decisions in Anthropic’s two lawsuits ... Read more ›
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As investors fret that AI startups will gobble up the business of established software companies, a top executive from Workday has jumped ship for Anthropic. Peter Bailis, who joined the human resources software giant provider Workday last May as its chief technology officer, left last month and ... Read more ›
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Nebius, a cloud provider backed by Nvidia with a market cap of $32 billion, is in talks to buy Israeli-based AI startup AI21 Labs, according to people with knowledge of the deal. The potential deal would help Amsterdam-based Nebius expand AI services for its customers beyond its main business of renting out servers. AI21 develops large language models and systems for enterprise agents. The Israeli-based startup, last valued at $1.4... Read more ›
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Former Andreessen Horowitz general partner Anjney Midha has secured $1.3 billion for the first fund for AMP, his newly formed venture firm, according to a source with knowledge of the raise. AMP recently made a $300 million investment in Anthropic as part of the Claude maker’s $30 billion round ... Read more ›
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Perplexity’s annualized revenue run rate has more than doubled since the end of last year to $500 million as of this week, said a person familiar with the situation, as demand for the AI firm’s new agent-based product drives subscription growth. Perplexity’s growth is the latest sign of how use ... Read more ›
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Meta Platforms CEO Mark Zuckerberg has announced the availability of a new family of AI models on Wednesday. In a Threads post, Zuckerberg said the company is releasing its first model, Spark, as part of a broader suite of models called Muse. Spark will power Meta AI, the company’s internally ... Read more ›
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Nvidia shares should be worth a lot more than they are now—400% more, to be exact. And most software stocks should be worth less—some a lot less—than they are now. You can find assessments like these all over social media, but in this case, they come from one of the most respected quantitative investing models in finance. UBS HOLT is that model, and it has rarely loved a stock as... Read more ›
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28.07.2026 20:46
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