Micron's chief business officer Sumit Sadana told the Wall Street Journal that aggressive pricing demands from certain customers during the 2022-2023 DRAM downturn suppressed investment, contributing …
Global markets fell as investor concerns mounted over potential slowdowns in AI demand and delays in OpenAI's initial public offering. OpenAI, whose private valuation surged to $852 billion, faces int…
Meta CEO Mark Zuckerberg's ever-changing AI initiatives and lack of accountability have led to an abysmal three-month stretch, including layoffs of up to 8,000 employees and legal liabilities over add…
Insurers are using generative AI diffusion models to generate thousands of synthetic weather events for catastrophe modeling, improving risk assessment for rare disasters. However, the models suffer f…
OpenAI has started displaying ads to paid subscribers on its £6.99/month plan, including ads for Financial Times, Shein, and Amazon Prime Day. A user reported seeing these ads while asking about a mob…
Meta has replaced roughly half of all human moderation requests with large language models in 2025 and plans to push that share above 90% for some content types by year-end, a shift employees warn is …
Qualcomm announced Meta as the first Big Tech customer for its new C1000 data center CPUs, with chips set to power Meta servers in late 2028, and plans to acquire AI software company Modular for about…
Companies like Accenture are tightening AI access after employees burned tokens on non-essential tasks like converting PDFs to slides, driving soaring costs. The shift from free to usage-based pricing…
Hyundai workers voted overwhelmingly to authorize a strike, partly over fears that robots will replace their jobs. The union demands a say in how AI and automation are deployed on the factory floor, m…
Consulting firm Bain & Company is using AI-generated replicas of acquisition targets' software, a practice called vibecoding, to help potential buyers assess how easily a company's technology could be…
Nvidia's banned AI chips are selling for double their US price on China's black market, with B300 servers fetching about 7 million yuan ($1 million) after tightened US export controls. At least $1 bil…
Nvidia's advanced AI chips, including B200, H100, and H200, are selling at up to 50% premiums on China's black market, with over $1 billion worth smuggled in three months after US export controls tigh…
JPMorgan Chase and Goldman Sachs in Hong Kong have stopped using Anthropic's AI models due to US export restrictions, which block non-Americans from accessing the company's latest models. The move thr…
OpenAI plans to grow its advertising business to $100 billion by 2030, according to sources at the Cannes Lions festival. The company is revamping ChatGPT to win enterprise clients ahead of its IPO, c…
A new market simulation by Victor Haghani and Rich Dewey shows that blind extrapolation—investors naively assuming recent returns will continue—produces realistic market phenomena like excess volatili…
Tencent has begun internal testing of Xiaowei, an AI assistant embedded in WeChat that accepts text and voice input to execute tasks across the app's mini-program ecosystem, with a public rollout targ…
Bain & Company is using AI coding tools to recreate parts of software acquisition targets' products during private equity due diligence, challenging the defensibility of software moats. The practice, …
Tencent is testing an AI agent inside WeChat that can complete tasks across mini-programs, leveraging the super app's 1.4 billion users and existing service ecosystem. The agent aims to integrate AI i…
Tencent is conducting limited internal tests of an AI assistant called Xiaowei inside WeChat, allowing users to send messages, make voice calls, and navigate mini-programs via text and voice commands.…
Leaked audited financials show OpenAI lost $20.92 billion on $13 billion in revenue in 2025, with losses projected to reach $63 billion by 2027. The real beneficiaries are Microsoft and Nvidia, which …