I’m back from the International Conference on Machine Learning in Vancouver, one of the biggest annual meetups for artificial intelligence researchers. And this year, the conference underscored all the ways in which large language models are still falling short of everyone’s expectations, despite the immense progress that got us to this point.Researchers even called into question some of the most promising techniques that have gained popularity over the last year,... Read more ›
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OpenAI made waves across the industry in December when it published the results from its tests of artificial intelligence that performs better on tasks when it gets more time and computing power to process them. The results implied ChatGPT customers were about to be blown away by what the new AI could do. But the euphoria was short-lived. When OpenAI researchers turned the new AI into a chat-based version called... Read more ›
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Chinese artificial intelligence model developer Zhipu AI, whose progress has attracted Washington’s scrutiny and caught OpenAI’s attention, expects its revenue to increase as much as fourfold this year from a modest $42 million in 2024, the Beijing-based startup’s CEO, Zhang Peng, said in an interview this week. Zhang’s bullish 2025 growth forecast reflects the acceleration of China’s domestic AI usage this year. That’s partly due to DeepSeek’s release of its... Read more ›
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This year’s torrid deal-making pace is definitely not taking a pause for summer. On Wednesday, I reported that OpenAI is months ahead of schedule in raising money for its $40 billion megaround. Investors are pouring in money at a moment when OpenAI is generating $12 billion in annualized revenue and hitting 700 million weekly active users for its ChatGPT products, including both consumers and business customers. Investors are also keen... Read more ›
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Meta Platforms is prowling for partnerships with startups that use artificial intelligence to create and edit videos, as the social media giant’s AI dealmaking blitz enters new terrain. In recent weeks, Meta and Pika, which develops AI that can generate realistic videos, have discussed a partnership, including a possible acquisition or a deal to license Pika’s technology, according to a person familiar with the conversations. Meta also recently discussed a... Read more ›
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Nvidia and Alphabet’s growth investing arm CapitalG are in talks to invest in Vast Data, a cloud storage and database provider whose flash storage-based products are gaining traction with AI firms, at a valuation as high as $30 billion, Reuters reported. The interest in Vast Data, which was ... Read more ›
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Vast Data, an AI software and storage startup, is in talks to raise billions in funding from Nvidia and Alphabet’s growth-stage venture arm CapitalG, Reuters reported. The new funding round could value the startup as high as $30 billion, a significant step up from its valuation of $9 ... Read more ›
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Lee Jacobs, co-founder of Long Journey Ventures, thought he had seen it all among his friends and acquaintances in Silicon Valley: the continuous glucose monitors, the cortisol tests, the frequent bloodwork to monitor hundreds of biomarkers and maximize longevity. Recently, another wellness obsession took him by surprise. “I didn’t know the level of how many people are taking pictures of their poop,” he said. As it turns out, they were... Read more ›
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Meta Platforms has sought partnerships with startups developing artificial intelligence models to generate and edit videos, The Information reported Thursday. Meta is in talks with Pika, which develops AI that can generate realistic videos, about a possible partnership that could include ... Read more ›
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What a day! Apple surprised with a much better quarter than it had projected, lifting revenue in the June quarter 10%, thanks to 13% higher iPhone revenue, the best iPhone quarter in four years. Amazon, meanwhile, reported the best growth for its online stores in three years. (See below for more on the quarterly results.) The biggest news today, though, was Figma’s bubble-like public debut, which made me wonder if... Read more ›
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Salesforce and ServiceNow have each invested $750 million in contact center automation company Genesys, in the latest sign of AI breathing new life into one of the older segments of the enterprise software market. The new funding values Genesys at $15 billion, a person close to the company said. ... Read more ›
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CoreWeave secured $2.6 billion in debt to help it purchase equipment for its contract with OpenAI, the server rental company said Thursday. The loan facility gives CoreWeave access to more capital as it looks to buy and deploy chips for a contract with OpenAI the company previously said is worth ... Read more ›
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Staff at the Idaho National Laboratory, a federal nuclear research facility, have been using artificial intelligence from OpenAI and Anthropic to automate routine work, such as drafting literature reviews of research papers or generating lines of code.But now, the lab is starting a more ambitious effort: using AI to automate how companies obtain permits to build new reactors. Read more ›
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Shein’s revenue reached nearly $10 billion in the first quarter of this year, Bloomberg reported, with net income of more than $400 million. That helped boost the fast-fashion giant’s profit margins to roughly 5%, the report said. Shein said in a statement to Bloomberg “the data is inaccurate” ... Read more ›
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Tesla launched a ride-hailing service in the San Francisco Bay Area on Thursday, featuring humans in the vehicles’ drivers seats operating a version of its driving software. While Tesla CEO Elon Musk has said Tesla will offer a self-driving “Robotaxi” service to half of the U.S. population this ... Read more ›
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Microsoft’s market capitalization exceeded $4 trillion for the first time on Thursday after the company reported better-than-expected cloud growth in the three months ending in June. Microsoft stock was up more than 4% from the day prior, and is up by more than 28% over the past year. Microsoft ... Read more ›
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Subscribers to Comcast’s Peacock streaming service remained flat at 41 million during the second quarter when compared to the prior quarter. And while revenues for Peacock continue to grow, it isn’t completely offsetting ongoing declines in NBCUniversal’s domestic TV advertising business. ... Read more ›
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Lately, investors have been eager to back cloud startups that provide application developers with access to Nvidia graphics processing units and help them to develop and run AI models quickly. The investor interest comes despite questions about the profit margins of these startups, otherwise known as cloud GPU resellers or inference providers.In a previously unreported example, Modal, a New York City-based inference provider, is in talks to raise roughly $75... Read more ›
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Klarna, the Swedish installment lender, is considering reviving its potential New York initial public offering as soon as September as shares in U.S. fintech companies surge, Sky News reported. Klarna filed for its IPO in March and was seeking to raise at least $1 billion at a valuation of more ... Read more ›
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The UK’s top antitrust regulator ruled on Thursday that Microsoft and Amazon hold dominant positions in the cloud computing market and should be the subject of a formal investigation. The regulator’s findings came after a yearslong probe into competition in the cloud market, and found that both ... Read more ›
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When Google’s billionaire co-founder, Sergey Brin, needs something done at the company’s artificial intelligence unit—AI chips allocated to a team, a researcher hired, an employee moved to a new department—there’s one person he messages: Koray Kavukcuoglu. Kavukcuoglu isn’t Google’s flashiest AI leader, though he’s the chief technology officer of its AI unit, Google DeepMind, and the chief AI architect for the entire company. He lacks the celebrity of Brin and... Read more ›
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China’s internet regulator, the Cyberspace Administration of China, said it summoned Nvidia on Thursday to discuss alleged security risks with its H20 chips. The regulator’s move comes in response to a bill introduced by U.S. lawmakers in May, which requires location verification for artificial ... Read more ›
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OpenAI has reached $12 billion in annualized revenue, nearly double its pace at the beginning the year, The Information reported Wednesday. The rise suggests the company will be able to hit is projections of generating $12.7 billion in revenue this year. The growth comes as the company ... Read more ›
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OpenAI roughly doubled its revenue in the first seven months of the year, reaching $12 billion in annualized revenue, according to a person who spoke to OpenAI executives. That figure implies the ChatGPT maker is generating $1 billion a month, compared to about $500 million a month at the start of the year. The growth comes as the company logs roughly 700 million weekly active users for its ChatGPT products... Read more ›
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For big tech, business is booming. That’s good, because their costs are also skyrocketing. Microsoft and Meta Platforms both reported better than projected June-quarter earnings on Wednesday, sending stocks of the two leaping 9% and 11.7%, respectively, in after-hours trading. But there may well be a reckoning, as both companies projected sizable increases in spending on artificial intelligence in the next year.Right now, though, investors and company executives are celebrating.... Read more ›
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Artificial intelligence was the star of Meta Platforms’ second-quarter earnings call on Wednesday. Meta’s long-term path to making money from AI is fuzzy. But right now, some of the most material benefits from Meta’s investments in AI are improvements to “ranking,” or how the company shows users relevant content on its social media apps. That, in turn, is boosting how much time users spend on those apps. Read more ›
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Figma priced its IPO at $33 a share on Wednesday, giving it a $19.3 billion valuation on a fully-diluted basis, and making it one of the most valuable company backed heavily by venture capitalists to go public in years. The company’s stock will start trading Thursday. The pricing means Figma ... Read more ›
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Meta Platforms on Wednesday reported second-quarter revenue of $47.5 billion, up 22% from a year earlier. That exceeded its own forecast of $42.5 billion to $45.5 billion, showing the strength of its digital advertising business and sending its shares up as much as 11% in after-hours trading. ... Read more ›
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Microsoft’s revenue growth accelerated to 18% in the three months ending in June, driven by stronger-than-expected sales in its Azure cloud computing unit, the company said on Wednesday. Revenue in Azure grew 39%—a significantly higher rate than the roughly 34-35% growth the company had ... Read more ›
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Apple officially responded to the U.S. Department of Justice’s antitrust lawsuit, saying the agency’s case seeks to “degrade the privacy and security benefits of iPhone” and would “eliminate” the iPhone’s competitive differentiation. “This lawsuit threatens the very principles that set iPhone ... Read more ›
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Artificial intelligence that handles complex tasks with minimal human oversight, also known as an agent, is creating a bevy of security holes that require plugging.The problem: Tools to protect companies against the risks posed by the newfangled AI don’t exist yet, according to cybersecurity sellers, investors and IT executives. Read more ›
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Most popular sources
Business Insider
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20% 5 |
Gizmodo
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12% 3 |
MacRumors
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11% 8 |
Android Authority
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10% 5 |
Wired
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8% 0 |
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01.08.2025 14:47
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