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The RealReal won’t let AI agents hog designer clothing Read More »
Faraday Future has completed the sale of its robotics business to FF EAI Robotics Ecosystem (FFR), which trades on Nasdaq, in an all-share deal valued at about $200M. Founder YT Jia becomes FFR’s CEO. FFR expects October shipments above 300 robots and about 2,000 for 2026. Faraday Future has completed the sale of its robotics […]
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Faraday Future spins its robot business into a separate Nasdaq company Read More »
Gary Smith has been Ciena CEO since May 2001, and led the company through the telecom crash that followed the fibre boom. He says today’s AI build-out is a different kind of cycle, the optical networking company’s chief executive told Steven Rosenbush of The Wall Street Journal. “Having lived through the pain of that, I’m […]
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Ciena CEO who survived the telecom bust tells WSJ the AI boom is different Read More »
Amy Coleman, Microsoft’s chief people officer, announced the Voluntary Exit Offer in a memo to employees on Monday. It is open to eligible staff in participating teams in Canada, India, the UK and the US, at level 70 and below on Microsoft’s internal scale. The offer is voluntary and time-limited, and comes with financial support […]
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Microsoft offers buyouts to 60,000 employees, about a quarter of its staff Read More »
The Anthropic IPO Is Also a Doomsday Primer Read More »
Anthropic’s IPO Prospectus Reveals What’s Under the Hood Read More »
Anthropic made its prospectus public on Monday. It filed a registration statement on Form S-1 with the US Securities and Exchange Commission. The company plans to list its Class A shares under the ticker ANT. The filing leaves the price range and the number of shares blank. Goldman Sachs and Morgan Stanley lead a group […]
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Anthropic files for Nasdaq IPO as half-year revenue hits $16.3bn Read More »
Replit moved most of its AI spending from Anthropic to OpenAI in recent months after OpenAI offered a discount of more than 30%, The Information reported on Saturday. The contract is worth over $100M a year, a person familiar with the deal told The Information, in a story by Laura Bratton and Stephanie Palazzolo. Replit […]
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OpenAI’s discounts win Anthropic customers, The Information reports Read More »
Artificial intelligence has delivered “zero financial payoff” to corporate America outside the tech sector. That is the finding of Torsten Slok, chief economist at Apollo Global Management, in a note on Saturday. Slok compared the Magnificent Seven, the biggest US tech companies, with the other 493 companies in the S&P 500. Revenue per worker and […]
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Apollo’s Slok says US companies now treat AI spending as a cost, not growth Read More »