The Bull Case for AI Just Got Stronger
Please join The Information at the New York Stock Exchange on Monday, April 27, for The Information’s “Financing the AI Revolution” forum. Hear from top executives and investors on how the rapid...
Apple Can ‘Distill’ Google’s Big Gemini Model
Before we get to today’s column, we wanted to flag OpenAI CEO Sam Altman’s major reorg, the company’s new "Spud” model and its decision to shut down the Sora video app and application programm...
Meta Launches Meta Small Business
Meta Platforms is launching Meta Small Business, a company-wide initiative to drive AI adoption and support entrepreneurship, Axios reported. In a memo sent to employees on Wednesday, CEO Mark Zuckerb...
Meta Platforms to Lay Off Hundreds
Meta Platforms will lay off a few hundred people across the company on Wednesday, according to two people familiar with the matter, part of a broader effort to overhaul the company for work in the AI ...
AMD-Backed Vultr Seeks $1 Billion for AI Cloud Push
Vultr, one of the oldest independent cloud providers, is seeking to raise at least $1 billion in new capital so it can compete with a growing list of startups scrambling for cash to meet the surging d...
Chinese Authorities Bar Manus Cofounders From Leaving Country
Chinese authorities barred Manus’ cofounders from leaving the country while regulators review Meta Platforms’ $2 billion acquisition of the AI agent startup, the Financial Times reported. Cofounde...
Chinese AI Firm SenseTime Reports First Positive Operating Margin
Chinese AI company SenseTime said its earnings before interest, taxes, depreciation and amortization turned positive during the second half of last year, the first time since its listing in 2021. Sens...
Amazon Buys Fauna Humanoid Startup
Amazon bought humanoid robotics startup Fauna Robotics last week, Bloomberg reported Tuesday. Amazon plans to continue selling Fauna’s humanoid robot Sprout, which costs $50,000 and stands at just t...
The Math Behind Anthropic’s Mad Revenue Growth
OpenAI and Anthropic’s remarkable revenue growth has invited scrutiny of how the AI startups are tallying the headline-making figures they have privately or publicly disclosed.Last month, OpenAI’s...
