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Amazon is retreating from the race to build the smartest AI. This week it closed its AGI Lab, a San Francisco team working on artificial general intelligence, The Information reported. The move was part of layoffs across Amazon’s AGI unit, Reuters first reported. The lab was barely 18 months old. Amazon set it up in […]
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Amazon just shut its AGI Lab, and quit a race it never led Read More »
Stripe wants a foothold in AI, and it is willing to pay dearly for it. The payments company is in talks to buy OpenRouter for about $10 billion, the Wall Street Journal reported. That is a staggering price for a startup valued at just $1.3 billion in May. The talks are preliminary, and could still […]
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Stripe wants to own the toll booth between AI models, for ~$10bn Read More »
Patreon is cutting a fifth of its staff. Its founder wants you to know it is not because of AI. On Thursday the creator-payments company laid off 93 people, about 20% of its workforce, as 404 Media first reported. Chief executive Jack Conte called the day “painful” and took the blame himself. “The people at […]
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Patreon cut 20% of its staff. Its CEO insists AI isn’t replacing them. Read More »
Silicon Valley Is Completely Divided Over Chinese AI Read More »
Dassault Systèmes is one of Europe’s largest software companies, and it is having an anxious year. Its shares are down about a quarter this year. It pushed out its chairman in February. And investors worry that a new wave of AI could hollow out its main business. Its answer, announced on Thursday: spend up to […]
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A nervous Dassault is spending $2bn on AI, in the division dragging it down Read More »
Gravis Robotics, an ETH Zurich spinout, fits autonomy kits to excavators. A tie-up would extend Masayoshi Son’s robotics buying spree from the factory floor to the building site. SoftBank is weighing a deal for Gravis Robotics, a Swiss startup that fits excavators and diggers with the sensors and software to run themselves, according to Bloomberg. The […]
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SoftBank is reportedly weighing a deal for Swiss robotics startup Gravis Read More »
Shares in Wise fell about 10% on Friday after the US Office of the Comptroller of the Currency declined the money-transfer firm’s application for a national trust bank charter, the licence that would have wired it directly into the Federal Reserve’s payment systems. The London-headquartered fintech, which listed on Nasdaq in May, had spent more than a […]
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Wise shares tumble after US regulator rejects its trust bank charter bid Read More »
AMD has spent the year trying to prove it can do more than trail Nvidia. Its latest move takes the fight somewhere new, to the inside of a humanoid robot. The chipmaker has agreed to supply the compute for machines built by Foundation, a San Francisco startup whose backers include Eric Trump. For a company […]
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AMD teams up with Eric Trump-backed Foundation to build humanoid robots Read More »
Meta’s New Feel-Good AI Ad Uses a Song About the World Ending Read More »
Jeff Bezos has been approached to join a consortium seeking to buy a 30% stake in Liverpool Football Club from Fenway Sports Group, Sky Sports reported. The group is led by Amit Bhatia, the outgoing co-owner of Queens Park Rangers and son-in-law of steel billionaire Lakshmi Mittal. The provisional offer is £1.35 billion ($1.8 billion), […]
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