Tesla Inc. settled several workers' claims alleging pervasive anti-Black racism at its Fremont, California plant, according to a court filing Wednesday, averting a series of trials set to begin this w…
Microsoft AI chief Mustafa Suleyman said the company aims to "reduce and ultimately eliminate" its payments to Anthropic, calling the rival AI firm's models "extremely expensive." Microsoft announced …
Taiwan Semiconductor Manufacturing Co. is struggling to meet surging demand from American customers driven by the AI boom, with CEO C.C. Wei stating the company can "only support so much" after a shar…
Apple faces a proposed $250 million settlement in a consumer class action over delayed AI upgrades to Siri, covering U.S. purchasers of the iPhone 15 and iPhone 16 between June 2024 and March 2025. El…
Uber Technologies Inc. cut 23% of jobs in its People and Places division, which includes human resources and recruitment, as newly promoted president Jill Hazelbaker restructures the team. The cuts af…
Two new benchmarks—BigFinanceBench and Hedge-Bench—provide the first rigorous, rubric-graded measurement of AI agent performance on financial tasks, with best-in-class models scoring 58.8% on the form…
Cerebras CEO Andrew Feldman said Wednesday at the Bloomberg Tech conference that the AI chipmaker will work with every major hardware maker except NVIDIA, positioning the company as the connective lay…
Companies are facing unprecedented costs for artificial intelligence infrastructure as massive investments in AI systems come due, with expenses far exceeding initial projections. The financial burden…
Data center critic Andy Masley argues that most local concerns about data centers are based on misinformation, citing only CO2 emissions, noise pollution, and specific cases like Elon Musk's facilitie…
South Korea's equity market capitalization surged 86% this year to approximately $5 trillion, overtaking India's $4.8 trillion market value, according to data compiled by Bloomberg and reported by the…
Anthropic has selected Morgan Stanley and Goldman Sachs to lead its initial public offering, with JPMorgan Chase also on the deal, Bloomberg reported Monday, citing people familiar with the matter. Th…
Theory Ventures GP and former Google PM shares data-driven insights on AI, web3, and venture capital in a newsletter read by 150k+ founders and operators, featured by Bloomberg, WSJ, and The Economist…
Uber is eliminating 23% of positions in its People and Places division, the unit responsible for human resources, recruitment, and workplace facilities, under newly promoted president Jill Hazelbaker.…
Meta launched Meta Business Agent, an AI assistant for businesses, across WhatsApp, Instagram and Messenger, the company announced on its blog. The agent can answer customer questions, recommend produ…
Alphabet raised a record-breaking $85 billion through a stock sale, far exceeding its initial $40 billion target, with Berkshire Hathaway alone purchasing $10 billion worth of shares. The funds are ea…
Anthropic has selected Morgan Stanley and Goldman Sachs to lead its initial public offering, with JPMorgan Chase also on the deal, targeting an October listing at a $965 billion valuation. SpaceX's ow…
Matt Levine argues that individuals cannot opt out of the AI boom because the technology's integration into markets and daily life is inevitable, driven by corporate and economic forces beyond persona…
Incoming Apple CEO John Ternus has canceled plans for a second-generation Vision Pro and a lighter Vision Air, shifting the company's focus to two smart glasses products, according to analyst Ming-Chi…
Anthropic has selected Morgan Stanley and Goldman Sachs to lead its initial public offering, with JPMorgan Chase also involved in the deal, as the Claude maker weighs a public debut as soon as October…
SpaceX plans to sell 555.6 million shares at $135 apiece in its initial public offering, targeting a $75 billion raise and a valuation of at least $1.8 trillion, according to people familiar with the …