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The Hottest New AI Chatbot Is Just a Guy Answering Your Questions Read More »
One of China’s Most Powerful AI Models Has Also Broken Containment Read More »
Why Normal People Aren’t Using AI Agents Read More »
Flock Highlighted Police Departments Using Its Tech. Now 4 Face Allegations of Misuse Read More »
Figma did almost everything a young public company is asked to do. Revenue rose 48% to $370.1m, beating estimates, its third straight quarter of speeding growth. It raised its full-year forecast. The stock fell about 16% after hours anyway. The reason sits a few lines down the income statement. Building and running AI is expensive, […]
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Figma grew 48% and raised its outlook. The stock fell 16% because of AI costs Read More »
Etsy beat Wall Street on revenue, raised its outlook, and told investors it would buy back $2bn of its own shares. Then it said it was cutting 12% of its staff. The craft marketplace announced a restructuring on Wednesday that removes roughly 220 roles, most of them in product and engineering, CNBC reported. That leaves […]
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Etsy is cutting 12% of its staff. It just beat forecasts and launched a $2bn buyback Read More »
Microsoft’s AI business looks like a triumph. Its shares jumped after earnings last week, and the AI unit is growing fast. A new filing shows how much of that rests on a single partner. Microsoft booked $24.1 billion in revenue from OpenAI during the year to June, Bloomberg reported. The company disclosed the figure in […]
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Microsoft’s AI business is booming. A filing shows most of it is just OpenAI Read More »
Sequoia Capital, is making the largest bet in its history, and it is not only about software. The venture firm is committing $10bn to a strategy built around artificial intelligence and what it calls reindustrialization. The figure is a statement in itself. At $10bn, it is the biggest investment Sequoia has made in its 54-year […]
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Sequoia Capital is putting $10bn behind AI and ‘reindustrialization’ Read More »
China’s best-known robot maker is about to test the public markets. Unitree could be worth more than 50 billion yuan, roughly $7bn, after its Shanghai listing, according to its IPO sponsor.The estimate comes from CITIC Securities. As the deal’s sponsor, CITIC set out the valuation as Unitree kicked off pricing for its float on Shanghai’s […]
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Unitree’s IPO could value China’s robot champion at $7bn or more Read More »