Artificial Intelligence

ARPU
Why Is Meta Betting Big on AI Advertising?
Just a few years ago, Meta was betting its future on the metaverse. Now, it’s going all-in on artificial intelligence. The latest evidence came this week with the announcement of a new tool that allows advertisers to use AI to instantly create video ads from still product images.
CNBC
OpenAI's Altman says Meta tried to poach staff with $100 million bonuses - CNBC
The news comes amid efforts from Mark Zuckerberg to ramp up Meta's AI talent pool. Meta recently hiring Scale AI founder Alexandr Wang as part of...
CNBC
Sam Altman says Meta offered OpenAI staff $100 million bonuses, as Mark Zuckerberg ramps up AI poaching efforts
While Meta had sought to hire "a lot of people" from OpenAI, "so far none of our best people have decided to take them up on that," Sam Altman said.
ARPU
DeepSeek Was Just the Beginning: China's AI Race Explained
Just months after Chinese AI startup DeepSeek rattled Wall Street with a model that challenged Silicon Valley’s giants, a domestic rival is already claiming to have beaten it. This week, Shanghai-based MiniMax unveiled its M1 reasoning model, asserting that it outperforms DeepSeek’s latest release while using
The Verge
Amazon CEO says it will cut jobs due to AI's 'efficiency' - The Verge
... AI as part of a new “AI-first” approach. 0 Comments / 0 New. See More: AI · Amazon · News · Tech. Most Popular. Most Popular. The Trump Mobile T1...
PYMNTS.com
3 Ways AI Shifts Accounts Receivable From Lagging to Leading Indicator | PYMNTS.com
Enter: artificial intelligence (AI). Once confined to isolated ... News, productivity, PYMNTS News, treasury management. Amazon CEO Andy...
VentureBeat
The Interpretable AI playbook: What Anthropic's research means for your enterprise LLM strategy
And it shows: Anthropic is the leading AI lab that focuses strictly on developing “interpretable” AI, which are models that let us understand, to some...
Reuters
Applied Intuition valued at $15 billion for autonomous vehicle tech | Reuters
Applied Intuition raised $600 million in a funding round and tender offer that valued the automotive software supplier at $15 billion,...
Bloomberg.com
Amazon's Jassy Says AI Will Reduce Company's Corporate Ranks - Bloomberg
Generative AI and AI-powered software agents “should change the ... News. MarketsEconomicsTechnologyPoliticsGreenCryptoAI. Work & Life. Wealth...
TechCrunch
Applied Intuition raises $600M as it pushes further into defense | TechCrunch
The buzzy AI-powered autonomous vehicle software company doubles its valuation from last year -- and then some ... tech to some of its vehicles.
TechCrunch
Google's Gemini panicked when playing Pokémon - TechCrunch
As Google and Anthropic both study how their latest AI models navigate early Pokémon games, the results can be as amusing as they are enlightening —...
CNBC
AWS' custom chip strategy is cutting into Nvidia's AI dominance - CNBC
Anthropic's Claude Opus 4 is trained on Trainium2 GPUs, according to AWS, and Project Rainier is powered by over half a million of its own.
CNBC
AWS' custom chip strategy is showing results, and cutting into Nvidia's AI dominance
Anthropic's Claude Opus 4 is trained on Trainium2 GPUs, according to AWS, and Project Rainier is powered by over half a million of its own.
Reuters
Amazon's corporate workforce may shrink as AI takes over routine tasks | Reuters
The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. ... "As we roll out more Generative AI and agents,...
NBC News
Amazon expects to cut corporate jobs as it relies more on AI - NBC News
Amazon CEO Andy Jassy said Tuesday that the company expects artificial intelligence "will reduce our total corporate workforce as we get...
TechCrunch
Observability startup Coralogix becomes a unicorn, eyes India expansion - TechCrunch
Meanwhile, Anthropic continues to develop Claude Code, its in-house AI coding tool that utilizes its popular AI models. It's unclear whether Anysphere...
CNBC
AI will shrink Amazon's workforce in the coming years, CEO Jassy says
Amazon CEO Andy Jassy said the company's workforce will shrink in the coming years as it adopts more generative artificial intelligence tools and agents.
CNBC
Meta to release smart glasses with Oakley and Prada, extending Luxottica partnership
Meta plans to release new smart glasses powered by artificial intelligence that carry the Oakley branding, sources familiar with the matter told CNBC.
PYMNTS.com
David's Bridal CEO Courts AI to Change How Brides Say Yes to the Dress | PYMNTS.com
The financing more than doubles the company's valuation to $15 billion, Bloomberg News reported Tuesday (June 17) ahead of a formal announcement.
Reuters
Adobe brings AI-image generation app to phones, adds partners - Reuters
... AI images and videos over social media ... The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news.
TechCrunch
Anysphere launches a $200-a-month Cursor AI coding subscription - TechCrunch
The new plan, Ultra, offers users 20x more usage on AI models from OpenAI, Anthropic, Google DeepMind, and xAI compared to the company's $20-a...
Bloomberg
Musk’s xAI Burns Through $1 Billion a Month as Costs Pile Up
Elon Musk’s artificial intelligence startup xAI is burning through $1 billion a month as the cost of building its advanced AI models races ahead of the limited revenues, according to people briefed on the company’s financials.
Musk’s xAI Burns Through $1 Billion a Month as Costs Pile Up
TechCrunch
Sequoia-backed Crosby launches a new kind of AI-powered law firm | TechCrunch
Rather than selling tech to lawyers, Crosby has hired lawyers who use its internally developed AI software. It sells contract-review legal services,...
Bloomberg
Amazon’s Jassy Says AI Will Reduce Company’s Corporate Ranks
Amazon.com Inc. Chief Executive Officer Andy Jassy says he expects the company’s workforce to decline in the next few years as the retail and cloud-computing giant uses artificial intelligence to handle more tasks.
Amazon’s Jassy Says AI Will Reduce Company’s Corporate Ranks
Bloomberg
Revolut Will Soon Launch Its AI Financial Assistant, UK CEO Says
Revolut will be launching its AI financial assistant soon, according to one of the fintech’s top executives.
Revolut Will Soon Launch Its AI Financial Assistant, UK CEO Says
The Hill
More people turning to AI bots for news: Poll - The Hill
More people are turning to artificial intelligence (AI) bots and search functions for news coverage or to verify information they suspect may be...
CNBC
Tesla stock slips after report EV maker is halting Cybertruck and Model Y production
Tesla is tentatively launching the robotaxi in Austin on June 22, using Model Y vehicles equipped with a new version of its "Full Self-Driving" technology.
Bloomberg
Meta Just Bet Big Bucks on AI Talent
Mark Zuckerberg’s investment in Scale AI and its founder, Alexandr Wang, shows how AI startups have become farm teams for the big-spending giants, explains Bloomberg Opinion columnist Dave Lee. (Source: Bloomberg)
Meta Just Bet Big Bucks on AI Talent
ARPU
What's Behind Apple's AI Strategy in China?
Alibaba this week launched a new version of its flagship artificial intelligence model, Qwen3, with a key feature: compatibility with Apple’s own MLX architecture. The move, which enables Alibaba’s AI to run efficiently on everything from iPhones to MacBooks, is the clearest signal yet that Apple
CNBC
Reddit stock jumps after company rolls out new AI advertising tools
Reddit shares rallied after the company announced new AI advertising tools to help brands improve engagement.