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Elon Musk is steamrolling Wall Street to become a trillionaire Read More »
Jeff Bezos Is Funding a Wild Hunt for the Brain’s ‘Core Algorithm’ Read More »
Artificial Intelligence is entering the late stage of its hype cycle. Not a collapse. A correction. For the past two years, AI has dominated venture capital flows, with capital pouring into the sector at unprecedented scale and startups multiplying rapidly as funding concentrates around AI-driven businesses. What began as acceleration has now started to show the […]
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The AI hype cycle will slow down. What’s next decides the winners Read More »
The AI video company is adding moderation infrastructure built for AI-generated content, doubling down on a screen-at-creation model it has run since 2017. Synthesia decides whether a video is allowed before it exists. The London AI video company, which lets users generate avatar-led clips from a script, announced on 4 June that it is extending its […]
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Synthesia partners with Cinder to scale moderation before a frame renders Read More »
Quantum Computing Is Having Its Public Market Moment Read More »
The marketed range was $53 to $55. Quantinuum priced at $60. That gap, the willingness of investors to pay above what the bankers asked, is the real news in the Honeywell-backed company’s initial public offering, which raised $1.68bn and set a valuation the entire quantum-computing sector will now be measured against. The mechanics are straightforward. […]
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Quantinuum prices its IPO at $1.68bn, setting a new bar for quantum Read More »
The SoftBank-backed payments app is taking a 70.2% stake in T&D Financial Life, its most capital-intensive move yet from payments into full financial services. PayPay is buying its way into life insurance. The SoftBank-backed payments company has agreed to acquire a 70.2% stake in T&D Financial Life Insurance from T&D Holdings for roughly ¥134.3bn, about […]
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SoftBank’s PayPay pushes into insurance with a 70.2% T&D Life stake Read More »
The strategy is defined by a single exclusion. Speaking at the Bloomberg Tech conference on Wednesday, Cerebras chief executive Andrew Feldman said the AI chipmaker is working with every major hardware maker in the industry apart from one: NVIDIA. The line was not a complaint. It was the pitch. Feldman’s argument is that the buyers […]
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Cerebras says it will work with everyone in AI hardware except NVIDIA Read More »
A reinvestment zone is the unglamorous first step, the procedural gate that has to open before any of the larger numbers attached to a project can flow. On 3 June, the commissioners of Grimes County, Texas, opened it, voting 4-1 to designate a reinvestment zone for SpaceX’s proposed Terafab semiconductor plant. The vote is the […]
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SpaceX wins Texas county approval for Terafab reinvestment zone Read More »