Artificial Intelligence

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IBM cuts full-year sales outlook after mainframe demand drops 42 percent in Q2

IBM cut its full-year sales outlook on Wednesday after reporting a sharp drop in demand for its mainframe business, lowering its revenue growth target to four to five percent from a prior forecast of more than five percent. The company also trimmed its software unit guidance, with CFO Jim Kavanaugh telling Bloomberg that annual software […]

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OpenAI’s Brockman Says Kimi K3 Is ‘Pretty Good,’ Won’t Confirm Distillation

OpenAI president Greg Brockman called Moonshot AI’s Kimi K3 “pretty good” in a Bloomberg interview on Tuesday, a rare public acknowledgement from a US frontier lab that a Chinese rival has produced a competitive model. Brockman said it is “too early” to determine whether Moonshot trained K3 by distilling outputs from OpenAI’s own systems, a […]

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White House steers $5 billion toward AI research in biggest federal science overhaul in 80 years

Federal agencies have committed more than $5 billion to the Genesis Mission, an Energy Department-led effort to use artificial intelligence to accelerate scientific research, White House science adviser Michael Kratsios announced on Wednesday. The initiative selected 278 projects from more than 5,000 applications, Energy Secretary Chris Wright said at a summit in Washington. More than […]

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Meta hires Assaf Keren from Qualtrics and PayPal as its new chief information security officer

Meta has hired Assaf Keren as its next chief information security officer, filling a vacancy created when Guy Rosen announced his departure in June after 13 years at the company. Keren joins this week from software platform Qualtrics, where he spent two years as chief security officer, and previously held the same title at PayPal. […]

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Monday.com is cutting 20 percent of its workforce as it pivots to an AI work platform

Monday.com is cutting roughly 20 percent of its global workforce, about 620 people, as the Israeli project management company restructures around what it calls its AI Work Platform. The company disclosed the plan in a Form 6-K filed with the US Securities and Exchange Commission on Tuesday, citing the need to support a leaner operating […]

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Cisco’s tiny open-weight AI hunts bugs, and it says it beats Gemini and GPT

Cisco’s new Antares models are small enough to run on your own machines. And, it claims, they beat Google’s Gemini and rival GPT-class systems at finding bugs. It is releasing them open-weight, though it is vetting who gets access. The pitch from Cisco is a quiet rebuke to the frontier-model arms race. You do not […]

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Most Americans don’t want an AI data centre next door. Virginia shows why some say yes

Americans want the AI boom. They just do not want it on their street. A new poll finds most US residents would rather not live near an AI data centre. Yet the same buildings quietly bankroll schools where they cluster. More than half of US residents, 53%, oppose building an AI data centre in their […]

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The ex-Meta VP behind a notorious spy tool just raised $180M for AI security

The founder now asking enterprises to trust AI with their laptops once built one of Silicon Valley’s most notorious surveillance tools. Roi Tiger co-created Onavo, the app Meta turned into a scheme to spy on its rivals. His new company, Glow, wants to do something close to the opposite. Glow has emerged from stealth with […]

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AppLovin Backs Velocity As The AI Industry Looks Beyond Subscriptions For Growth

The artificial intelligence industry has no shortage of users. The harder problem is turning that usage into a sustainable business. As generative AI applications spread across consumer and enterprise markets, developers are confronting an unusual combination of opportunities and pressures. AI can make software faster to build and easier to distribute, but the costs of […]

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OpenAI adds two banking CEOs to its board as an IPO looms

The ChatGPT maker has put two banking chiefs on both its nonprofit and for-profit boards: Nubank’s David Vélez and BNY’s Robin Vince. It is the kind of Wall Street ballast a company assembles when it is getting ready to face public investors. OpenAI is not a public company yet. Its latest board picks suggest it […]

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