Tags: AI
Meta Eyes Major Stake in Scale AI With $10 Billion Deal in the Works
Meta is in talks to invest over $10 billion in AI startup Scale AI, marking its largest external AI move yet.
Alibaba Joins AI Race with a $52 Billion Investment Over Three Years
Alibaba announces a $52 billion investment in AI and cloud computing over the next three years, aiming to lead China's tech race.
AI Startup Writer Debuts New Model Using Synthetic Data to Compete With OpenAI and Anthropic
Writer aims to compete with OpenAI and Anthropic by using a cost-effective approach, spending only $700,000 to develop models and raising $200 million to reach a $1.9 billion valuation.
American Airlines Uses AI to Speed up Gate Assignments in Just 10 Minutes
American Airlines is using machine learning to speed up gate allocation, reducing taxi times and fuel usage by analyzing real-time flight data.
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Recent earnings reports raise concerns about AI investments and consumer spending, causing a dip in tech stocks and interrupting a stock market rally.
Tesla CEO Elon Musk said that the company would be delaying the launch of its long-awaited robotaxi service on Oct. 10, around two months after the planned date.
The Federal Trade Commission has ordered eight companies to provide information the agency said was offering products and services that use personal data to set prices based on a shopper’s individual characteristics.
Tech billionaire Elon Musk said in a Daily Wire interview that his perspectives regarding gender ideology and population are deeply personal after he had to deal with one of his sons deciding to cut ties with him by changing both name and gender.
Monarch Tractor CEO Praveen Penmetsa recently announced that it has raised $133 million through its Series C funding.
In addition to funding, selected AI entrepreneurs will also be given access to a network of investors as well as advanced AI research and tools.
Nvidia CEO Jensen Huang decided last week to sell over $31 million worth of the company’s stock in a move to entice investors.
Following the landslide victory of the Labour Party in the United Kingdom’s general election earlier this month, British Prime Minister Sir Keir Starmer laid out the government’s plans to reinvigorate the country’s economy in this year’s State Opening of Parliament.
Shares of the TSMC rose to a record intraday high in Taipei’s stock market after Morgan Stanley and other brokers boosted price targets on the company before its earnings.
Samsung estimated that it made a meteoric 15-fold rise in its second quarter operating profit, which it said was better than its expectations.