Intel’s fourth quarter revenue fell 4%, the chip firm reported Thursday, at the high end of the company’s projections. The result reflected a 7% decline in its largest unit, through which it sells CPUs for use in personal computers and other consumer products. Intel stock, which has more than ... Read more ›
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Caroline Ellison, the former chief executive officer of Alameda Research and ex-girlfriend of Sam Bankman-Fried, was released from jail Wednesday, according to the Federal Bureau of Prisons’ inmate record. Ellison was sentenced for two years in prison, after she pleaded guilty to fraud in 2023 ... Read more ›
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BitGo, a crypto custodian, opened up 25% on the New York Stock Exchange Thursday, becoming the first crypto company to go public this year. The company and its shareholders raised $213 million in its initial public offering, at a price of $18 per share, giving it a valuation of about $2.1 ... Read more ›
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Tesla has started offering rides to customers in a few of its Robotaxi vehicles without backup human supervisors for the first time, the company’s top AI executive said on Thursday. The move in Austin is a key initial step toward catching up with Alphabet’s Waymo, which offers autonomous rides ... Read more ›
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Hi! If you’re finding value in our Applied AI newsletter, I encourage you to consider subscribing to The Information. It contains exclusive reporting on the most important stories in tech, like this story from Aaron and Wayne on Apple software chief Craig Federighi‘s cautious approach to improving the company’s AI standing. Save up to $250 on your first year of access.Even as OpenAI begins a herculean effort to generate billions... Read more ›
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Intel’s stock price has more than doubled in the past five months, since President Donald Trump announced the U.S. government would buy a 10% stake in the ailing chip manufacturer, followed by similar investments from SoftBank and Nvidia. Investors are betting the new capital, coupled with a surge in AI demand, will help resuscitate the company. Those expectations will collide with reality when Intel reports fourth-quarter earnings late this afternoon,... Read more ›
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Tesla plans to start selling its Optimus humanoid robots to the general public by the end of 2027, CEO Elon Musk said at the World Economic Forum in Davos on Thursday. By then, Musk said Tesla expects the robots to be “high reliability, high safety.” While Musk has promised that the Optimus ... Read more ›
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It seems like every AI researcher these days has lots of ideas around how to combat major shortcomings in the field, such as the “split-brain problem” (in which a model can incorrectly answer a question just because of the way the question is phrased), by developing new models that do “continual learning,” for instance.AI researchers also tell me they’re interested in revamping the model training process. Some researchers, including Amazon’s... Read more ›
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PayPal said Thursday it would acquire the e-commerce startup Cymbio, which makes software that helps brands make their product catalogs available to AI search apps and agents. The deal is aimed at helping PayPal quickly build up more features to help merchants make sales through AI chatbots like ... Read more ›
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Last fall, Apple’s software chief, Craig Federighi, delivered a warm message to a meeting of the company’s combined software and AI groups. Federighi said he was excited about deeper collaboration between his software team and Apple’s AI group. But then came Federighi’s criticism. He added that he liked moving fast and feeling the “wind at his back,” but in recent years he had felt Apple hadn’t been moving as quickly... Read more ›
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Alibaba Group is preparing to list its chipmaking unit T-Head, taking advantage of strong investor demand for companies developing AI processors to reduce China’s reliance on Nvidia, Bloomberg reported. Alibaba will first restructure the unit as a business partly owned by employees, before ... Read more ›
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Anthropic last month projected it would generate a 40% gross profit margin from selling AI to businesses and application developers in 2025, 10 percentage points lower than its earlier optimistic expectations, The Information reported late Wednesday. The lower-than-expected ... Read more ›
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Amazon-owned primary care chain One Medical said it is launching an AI health assistant, a move that comes on the heels of similar healthcare chatbot announcements from Anthropic and OpenAI. One Medical members, who pay an annual fee for virtual and in person health care services, can use the ... Read more ›
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Anthropic last month projected it would generate a 40% gross profit margin from selling AI to businesses and application developers in 2025, according to two people with knowledge of its financials. That margin was 10 percentage points lower than its earlier optimistic expectations, though it’s still a big improvement from the year before. The lower-than-expected gross profit margin resulted from the costs of running Anthropic models for paying customers, in... Read more ›
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Here’s a question: How much are big tech companies cutting back on sending money to shareholders as they ramp up their AI development spending? It’s a good time to ask: On Friday, Oracle is due to pay out its latest quarterly dividend of 50 cents a share. That will amount to $1.4 billion going out the door, which Oracle can ill afford. After all, the software and cloud firm burned... Read more ›
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Apple is developing an AI-powered wearable pin that could be released as early as 2027, according to people with direct knowledge of the matter. The device would position Apple to compete more effectively with OpenAI, which is planning its own AI-powered devices, and Meta Platforms, which is ... Read more ›
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Apple plans to bring more conversational capabilities to Siri, turning it more into a chatbot like ChatGPT, Bloomberg reported. The update, codenamed Campos, will take advantage of Google’s Gemini AI model, part of a deal Apple announced with Google last week, the news outlet said. The ... Read more ›
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Barret Zoph, the Thinking Machines Lab cofounder who rejoined OpenAI in a swirl of controversy last week, will lead the company’s push to sell AI products to businesses, as part of a broader reorganization across the company, OpenAI’s CEO of Applications Fidji Simo told staff on Wednesday. Brad Lightcap, OpenAI’s chief operating officer, will transition out of leading product and engineering for OpenAI’s business of selling to other enterprises but... Read more ›
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Recommendation app Yelp on Wednesday said it agreed to acquire AI agent startup Hatch for $300 million, or roughly 12 times the startup’s annual recurring revenue. Hatch charges a monthly fee for AI-powered agents that can respond to customer inquiries and make appointments. Yelp, which has a ... Read more ›
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Tammy Savage, a former Microsoft general manager; Gerry Campbell, a longtime search executive who has worked at AOL and Alta Vista; and John Abowd, a professor emeritus of economics, statistics and data science at Cornell University were named in a filing from the Department of Justice on ... Read more ›
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09.05.2026 08:36
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