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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 ...
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 ...
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 ...
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 ...
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...
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...
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 ...
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...
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 ...
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...