Cloudflare announced a 20% workforce reduction affecting 1,100 employees, marking its first mass layoff in 16 years, while simultaneously reporting record quarterly revenue of $639.8 million. CEO Matthew Prince attribute...
Leaders from across the AI supply chain convened at the Milken Global Conference to discuss critical challenges facing AI development, including severe chip shortages expected to last 3-5 years, energy constraints prompt...
SpaceX and xAI are considering building a semiconductor factory called 'Terafab' in Texas with potential investment up to $119 billion, partnering with Intel to manufacture chips for AI servers, satellites, space data ce...
Anthropic is soliciting investor allocations for a roughly $50 billion funding round targeting a $900 billion valuation, with closure expected within two weeks. The AI company, which has surpassed $30 billion in annual r...
Elon Musk testified in federal court that xAI used distillation techniques—training AI models by prompting competitors' chatbots—on OpenAI models to develop Grok, calling it a general industry practice. This admission co...
Runway, an AI video generation company valued at $5.3 billion, is expanding beyond creative video tools into developing general world models. CEO Cristóbal Valenzuela indicates these models will have applications in gami...
Amazon Web Services announced immediate availability of OpenAI's latest models, Codex, and a new agent-building service called Bedrock Managed Agents on its platform. This follows OpenAI's revised agreement with Microsof...
Industry analyst Ming-Chi Kuo reports that OpenAI is developing a smartphone in collaboration with MediaTek, Qualcomm, and Luxshare, potentially replacing traditional apps with AI agents. The device would be designed to...
Google plans to invest up to $40 billion in Anthropic, with $10 billion committed immediately at a $350 billion valuation and $30 billion contingent on performance targets. The investment includes providing 5 gigawatts o...
OpenAI recently acquired personal finance startup Hiro and media company TBPN in what appear to be acqui-hire deals aimed at addressing existential business challenges. The Hiro acquisition may help OpenAI develop consum...
