Corporates and innovation

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Intel is handing its Atom chip tech to a startup run by the CEO’s longtime partner

Intel is quietly handing one of its crown jewels to a tiny, stealthy startup. And that startup is run by a longtime business partner of Intel’s own chief executive. The chipmaker is giving RosaicLabs access to its Atom processor technology, according to a source and documents reviewed by Reuters. Atom is the building block of […]

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Amazon is winding down most of its Nova AI models to bet on one frontier model

Amazon is winding down most of its flagship Nova AI models. It is betting what remains on a single, bigger effort to build one genuinely competitive foundation model. The move gives shape to a retreat that until now looked mostly like closed offices and job cuts. The company has begun deprecating most of its in-house […]

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Amazon spent $1.8m on a Claude job that failed, and it sells the fix

Amazon has found that artificial intelligence can turn a trivial mistake into a seven-figure one. The company’s own internal metrics show projects running wildly over budget, including one that burned $1.8m before anyone noticed. Senior engineers called the results “catastrophically expensive.” The cases were laid out at an internal meeting and first reported by the […]

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

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.

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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As AI Generates More Messages, Human Recognition Becomes More Valuable

As organizations embrace AI to communicate faster and at greater scale, the companies preserving trust aren’t sending more messages; they’re creating more meaningful human moments. Artificial intelligence has fundamentally changed how organizations communicate with employees. Announcements can now be drafted in seconds. Leadership updates can be personalized automatically. Internal newsletters, summaries, FAQs, and policy changes […]

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eBay sent them a bloody pig mask. Now it owes $56m, and no NDA.

The most disturbing corporate harassment campaign in recent tech history has a price. eBay and three of its former executives will pay nearly $56m to the couple they set out to destroy for writing a critical newsletter. David and Ina Steiner of Natick, Massachusetts, run EcommerceBytes, a small newsletter that covers online selling. In 2019, […]

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Anthropic spent a year buying biology talent. Its newest partner says the bottleneck isn’t science.

ICON plc has agreed a multi-year collaboration with Anthropic to put Claude across the clinical trial process. The Dublin company is a contract research organisation, which means pharmaceutical firms pay it to run their trials. It employed roughly 40,200 people across 99 locations and 55 countries at the end of June. Neither company disclosed financial […]

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The Italian state just backed €500m for the company that owns AOL

Bending Spoons has agreed a €500m loan facility guaranteed by the Italian state. The guarantee comes from SACE, Italy’s export credit agency, which is wholly owned by the Ministry of Economy and Finance. HSBC Continental Europe, Intesa Sanpaolo and BPER Banca arranged the facility, which matures in March 2031. The Milan company will use the […]

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Two hotel groups moved into ChatGPT this week. Neither will let you pay there

Two hotel groups moved into ChatGPT this week, a day apart and at opposite ends of the market. Radisson Hotel Group launched an app on Tuesday, built with Accenture, covering more than 1,000 hotels in over 100 countries. G6 Hospitality launched a plugin for Motel 6 on Monday, covering nearly 1,500 economy locations across the […]

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