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The man who wrote the AI-boom bible just got margin-called out of it

Anthropic, Artificial Intelligence, Business, Digital Marketing, Finance, SEO Tips, Technology, United States /

The man who wrote the defining case for the AI boom just got wiped out betting on it. Situational Awareness, the hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, has been forced to sell off its portfolio of public stocks after steep losses. Ken Griffin’s Citadel has bought the lot. The collapse was first […]

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Scale AI hired a cloud salesman as CEO. That tells you where it’s going.

Artificial Intelligence, Business, Corporates and innovation, Digital Marketing, SEO Tips, Startups and technology, Technology, United States /

A year after its founder left for Meta, Scale AI has a new boss. The choice says a lot about where the company is heading. It has named Francis deSouza, a veteran enterprise-cloud executive, as chief executive. deSouza starts on 10 August, Scale announced. He replaces interim chief Jason Droege, who ran the company after […]

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ByteDance quietly makes $4bn a year from AI. It just broke up an app to make more.

Artificial Intelligence, Asia, Business, China, Corporates and innovation, Digital Marketing, SEO Tips, Technology /

ByteDance is quietly winning a race in China that most people are watching in America. The company behind TikTok now makes about $4bn a year from artificial intelligence. That is the largest figure any Chinese firm has publicly claimed, the South China Morning Post reported. To press that lead, ByteDance is tearing up part of […]

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EY built an ‘AI router’ to stop its own AI bills from spiralling

Artificial Intelligence, Business, Digital Marketing, SEO Tips, Technology /

EY has built what it calls an “AI router,” a system that steers each task to the cheapest model that can handle it, in an effort to keep its own soaring AI bills under control. The tool, reported by Business Insider, is the Big Four firm’s answer to a problem now spreading across corporate IT: […]

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Disney’s new CEO wants to turn Disney+ into a ‘super app’ to take on Netflix

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Disney’s new chief executive wants to rebuild its streaming service into something bigger than a place to watch films. Josh D’Amaro, who took over from Bob Iger in March, is exploring turning Disney+ into a “super app” that would fold streaming together with theme-park tickets, cruise bookings, games, and merchandise, Bloomberg reported. The ambition is […]

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Procore’s AI could read the blueprints. For $845M, it just bought eyes on the site.

Artificial Intelligence, Business, Digital Marketing, Merge and Acquisition, robots, SEO Tips, Technology, United States /

Procore’s AI can read a construction project’s paperwork. Now it is paying $845m to give that AI eyes on the actual site. The construction-software company said it will buy DroneDeploy, a reality-capture and robotics firm, for about $845m in cash, Procore announced. DroneDeploy’s drones, ground robots and cameras are used on more than 3 million […]

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The Ferrari EV everyone mocked has quietly sold out

Business, Digital Marketing, Electric vehicle, SEO Tips, Technology /

When Ferrari revealed its first electric car in May, the reaction was brutal enough to knock 6% off the company’s share price. Two months later, the Luce has sold out its entire 2026 allocation, roughly 500 cars, proof that ridicule and demand are not the same thing. Ferrari itself declined to comment, saying it would […]

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