OpenAI researcher Miles Wang is in advanced talks to launch an AI drug discovery startup at a $2 billion valuation, with Lightspeed Venture Partners reportedly leading a $200 million round, according …
Mitsubishi closed on its largest acquisition ever July 15, taking over $7.5 billion in U.S. natural gas fields from Dallas-based Aethon Energy, making the Japanese giant one of the largest natural gas…
Twenty-six current and former Meta employees are suing the company, claiming its AI systems—including the internal large language model assistant Metamate, an employee-trained "second brain," and a pr…
CoreWeave signed long-term cloud contracts with Microsoft and OpenAI through 2030 without hedging against memory chip prices, and DRAM prices have since tripled, squeezing margins to roughly 1% on nea…
Hinge founder Justin McLeod has raised $18 million from Match Group, FirstMark Capital and Pace Capital for Overtone, a voice-first dating startup that uses AI conversation instead of profiles and swi…
OpenAI is building a moveable, screen-free smart speaker with a camera, environmental sensors, and motorized parts, designed as an AI companion for the home, Bloomberg reported Monday. The device, pri…
Prime Minister Anthony Albanese will create a new Office of AI inside the Department of the Prime Minister and Cabinet and promise faster approvals for AI projects, including data centers, in a Sydney…
TYLsemi, a San Jose startup, raised $43 million to let companies design custom AI chips using pre-built chiplets, cutting development costs and time to market by nearly half. The oversubscribed round …
Prime Intellect raised $130 million in a Series A round on July 8, pushing its valuation to $1 billion, to sell enterprises the compute and tooling to build and own their own AI models instead of rent…
Google's AI Overview, a Gemini-generated answer block placed above traditional search results, now appears on close to one in five searches, according to Ahrefs' analysis of roughly 100,000 keywords. …
New York Gov. Kathy Hochul signed an executive order Tuesday enacting a statewide moratorium on hyperscale data centers requiring 50 megawatts or more of power, halting new development until July 2027…
Autheo, a Layer-0 operating system built by more than 100 equity co-founders across 25-plus countries, has gone live on mainnet, bundling identity, compute, storage, AI inference, and blockchain conse…
Ollama, a 14-person open-source AI infrastructure company, raised $65 million in Series B funding led by Theory Ventures, bringing its total funding to $88 million. The tool, which lets developers run…
Hachette Book Group, Cengage Learning, Elsevier and author Scott Turow sued Google on July 13 in federal court in Manhattan, alleging that Google trained its Gemini AI models on millions of their copy…
C.H. Robinson Worldwide CEO Dave Bozeman says the logistics firm's use of AI has driven a 45% uplift in employee productivity since 2022 and double-digit earnings-per-share growth since 2023, despite …
Data center development boosts local employment by 0.9% in the first three years and up to 3.5% long-term, but benefits are concentrated in urban areas, according to a study by Georgia Tech scholars. …
China's exports jumped 27% in June from a year earlier, driven partly by the AI boom, the customs agency said Tuesday. Imports surged 36%, with analysts attributing the rise in part to the Iran war dr…
IBM shares fell roughly 25% on Tuesday, erasing nearly $68 billion in market value in what MarketWatch said was on pace to be the company's worst single-day drop ever, worse than its Black Monday fall…
Instagram head Adam Mosseri said the cost of running AI tools per engineer could soon rival their salary, projecting that within a year or two, "the burn rate of a strong engineer might be the same as…
AI-capable PCs made up roughly 20% of PC shipments in 2024 and are projected to approach half of the market by 2026, according to Counterpoint Research, but most users still run AI tasks through cloud…