Alibaba Group has open sourced a smaller size version of its latest Qwen3.6 large language models. The new release shows how Alibaba is becoming more selective with which models to open source, as it shifts its focus toward proprietary AI models that could generate more revenue. The Chinese tech ... Read more âș
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Chip startup Cerebras is planning to make its IPO paperwork public as soon as Friday, The Information reported Thursday. It aims to raise more than $3 billion and seeks a valuation of at least $35 billion, which represents a 60% premium to its last private valuation of $22 billion in February. ... Read more âș
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OpenAI recently struck an unusual deal to lessen its dependence on Nvidiaâs AI chips and potentially lower its computing expenses in the coming years. OpenAI has agreed to pay Cerebras more than $20 billion to use servers powered by the firmâs chips over the next three years, double the figure that was previously associated with the deal, according to multiple people with knowledge of the deal. As part of the... Read more âș
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Upbeat signals about the AI business are proliferating. The latest was chipmaking giant Taiwan Semiconductor Manufacturing Co.âs first-quarter report on Thursday, showing revenue growth of 40.6%, above the top end of its projected range. The company raised its full-year growth rate to above 30%. According to TSMC CEO C.C. Wei, âAI-related demand continues to be extremely robust.â Wei said he based that assessment both on comments from TSMCâs customersâit makes... Read more âș
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E-commerce veteran Marc Lore hasnât been shy about his food delivery startupâs IPO aspirations. In recent months, he has written on the whiteboards in Wonderâs Midtown Manhattan office the date when it should be IPO-ready: March 31, 2027, according to a person close to the company.First, however, the company will try to tap private investors once more. The eight-year-old owner of restaurant delivery service Grubhub and meal kit service Blue... Read more âș
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Netflix reported 16% higher revenue of $12.25 billion in the first quarter, slightly above its projections, and revealed that founder and former CEO Reed Hastings would leave the board this spring. Hastings had stepped down as CEO three years ago, becoming executive chairman, although ... Read more âș
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Microsoft has so far seen mixed results in its efforts to sell AI-powered products to businesses, with only around 3% of its Office 365 users paying to use 365 Copilot as of the end of last year. But a seemingly niche AI product released last fall by its subsidiary LinkedIn has taken off as a surprise hit. And Iâm told that leaders elsewhere at Microsoft are now taking note. Read more âș
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Meta Platforms is raising prices for its virtual reality headsets by $50 to $100 each, citing rising global memory chip costs. The company said Thursday in a blog post that its Meta Quest 3S, first released in 2024, will now cost $349.99 for the 128GB model and $449.99 for the 256GB modelâboth ... Read more âș
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SpaceX subsidiary xAI will rent computing power from its data centers to the coding startup Cursor, Business Insider reported. Cursor plans to use tens of thousands of xAIâs chips to train its latest AI coding model, according to the report. The arrangement could help SpaceX, which acquired xAI ... Read more âș
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Earlier this week, Google DeepMind released Gemini Robotics-ER-1.6, a new vision and language model to help robots make sense of their surroundings. To show off its capabilities, Boston Dynamicsâwhich has an agreement to use Gemini in its humanoid robotsâpublished a video of its robot dogs using the model to read a thermometer during an inspection of an industrial facility.Despite the eye-catching demos, Googleâs new robotics model only notched incremental gains... Read more âș
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Google is negotiating an agreement with the Department of Defense that would allow the Pentagon to deploy Googleâs Gemini AI models in classified settings, according to two people with direct knowledge of the discussions. If the two parties come to an agreement, it would expand Googleâs connection to the Pentagon as a tech contractor and represent a significant reversal from the companyâs past stance on working with the military. The... Read more âș
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Taiwan Semiconductor Manufacturing Company on Thursday expects revenue to grow by more than 30% this year, raising its outlook from the forecast it gave in January, as demand for AI chips continues to surge and outruns supply. TSMC, which manufactures the majority of the worldâs most advanced ... Read more âș
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Taiwan Semiconductor Manufacturing Company on Thursday expects revenue to grow by more than 30% this year, raising its outlook from the forecast it gave in January, as demand for AI chips continues to surge and outruns supply. TSMC, which manufactures the majority of the worldâs most advanced ... Read more âș
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AI really is transforming the world! The latest example: Dying shoemaker Allbirds is turning itself into an AI chip firm called NewBird AI. Its stock rocketed 600% in response. But before we dig into that bizarre story, we should highlight what may be todayâs more meaningful news: Anthropic executive Mike Kriegerâs departure from the board of Figma.This might be what youâd call Figmaâs Apple moment. For young folks, weâre talking... Read more âș
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OpenAI has told some advertisers that it will allow them to run ChatGPT ad campaigns that charge advertisers based on the number of clicks their ads get within the coming days, The Information reported Wednesday. The company would offer that new pricing model alongside its existing ads that ... Read more âș
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Venture firm Accel said Wednesday it had raised $5 billion in new funds for late stage investing. The new money will give it more firepower to invest in AI startups and double down on companies it has already backed. âAI has collapsed the distance between having an idea and scaling it, ... Read more âș
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Billionaire crypto entrepreneur Justin Sun, a prominent investor in crypto projects launched by President Donald Trump and his family, on Wednesday labelled a proposal by one of those projectsâthat would lock up trading of a key token owned by investorsâa âscam.â World Liberty Financial, a ... Read more âș
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Apple is sending a portion of its Siri programmers back to coding school just two months before the company is expected to unveil a major, AI-powered revamp of the voice assistant, people familiar with the team said. The company plans to send a significant chunk of people working on Siriâa group that totals in the hundredsâto a multi-week bootcamp to learn to code using AI, according to the people. The... Read more âș
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Shoppers using AI are seeking refunds and disputing credit card charges at an elevated rate, highlighting the financial risks of AI-powered shopping, according to Carlo Bruno, vice president of product at payments firm Adyen. Companies must figure out how to handle that risk before AI can reliably tackle online purchases, Bruno said. The technology hasnât had a âbig bangâ moment yet, Bruno said. âEveryone is thinking of agentic commerce as... Read more âș
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Meta Platforms is reorganizing its hardware division, Reality Labs, in a bid to âadapt and execute faster.â In a memo distributed to employees on Tuesday and seen by The Information, Maher Saba, who leads the companyâs newly formed Applied AI Engineering division, outlined a shake-up of Reality ... Read more âș
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27.04.2026 23:52
Last update: 23:45 EDT.
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