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Hock Tan built Broadcom by buying things. So it carried some weight when the chief executive, who assembled one of the industry’s largest chip companies through a long run of acquisitions, said dealmaking has slipped down his list of priorities. Speaking at the Bloomberg Tech conference in San Francisco on Thursday, Tan said Broadcom is […]
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Broadcom steps back from M&A as AI revenue surges Read More »
When Meta announced in April that it would install software on US employees’ work computers to capture their keystrokes, mouse clicks, and screenshots for AI training, the company’s head of technology Andrew Bosworth was blunt: “There is no option to opt out of this on your work provided laptop.” Two months and more than 1,500 petition signatures […]
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Meta will let employees stop being tracked, for 30 minutes at a time Read More »
More than a year after Belgian prosecutors asked the European Parliament to lift the immunity of four lawmakers suspected of taking bribes from Huawei lobbyists, the Parliament has voted to keep those protections in place, Politico reported. The decision shields the accused MEPs from questioning by Belgian investigators, who cannot compel testimony or gather key evidence […]
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EU lawmakers voted to shield colleagues from Belgium’s Huawei corruption probe Read More »
The strategy is defined by a single exclusion. Speaking at the Bloomberg Tech conference on Wednesday, Cerebras chief executive Andrew Feldman said the AI chipmaker is working with every major hardware maker in the industry apart from one: NVIDIA. The line was not a complaint. It was the pitch. Feldman’s argument is that the buyers […]
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Cerebras says it will work with everyone in AI hardware except NVIDIA Read More »
Uber said “multi-hundred-million” and meant something closer to half a billion. The ride-hailing company’s commitment to self-driving start-up Nuro is near $500m, according to sources directly aware of the matter, a figure that reframes a partnership Uber had described in vaguer terms and reveals a follow-on investment significantly larger than its first. The new detail […]
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Uber’s bet on Nuro is bigger than it let on, at close to $500m Read More »
The case turns on a question of authorship. When a user types a prompt and Grok returns a sexualised image of a real woman, who made it, the person at the keyboard or the company that built the machine? On 3 June, Labour MP Jess Asato filed a claim at the High Court in England […]
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A UK MP’s lawsuit could decide whether xAI answers for what Grok makes Read More »
The promise of workplace AI was always time: hours handed back to employees buried in routine work. A new study suggests the hours are real and that most companies are quietly losing them again. According to research from Workday, surveying 3,200 business leaders, 85% of employees now save between one and seven hours a week […]
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AI is saving workers hours a week. Most of it is being thrown away Read More »
Companies going public almost always leave the price for last. They set a range, send executives on a roadshow, take the temperature of the institutions, and let demand decide where the shares land. SpaceX has decided to do it backwards. The company plans to fix its IPO price at $135 a share before the roadshow […]
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SpaceX fixes IPO at $135 a share for a $1.75tn valuation and a record listing Read More »
Megaport spent a decade as a company you used to connect to other people’s clouds. On Wednesday it announced a plan to become one. The Australian networking firm secured four new AI infrastructure contracts worth a combined A$458.9M (about $329M) and launched a fully underwritten entitlement offer to raise A$827.3M (about $594M), according to its filing. […]
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Megaport raises A$827M to build a distributed AI cloud and chase the inference market Read More »
GitLab is cutting about 14% of its full-time workforce, roughly 350 people, and pulling out of 22 countries, based on their report for the first quarter of the fiscal year 2027, in which it grew revenue 23% and beat Wall Street’s expectations. The restructuring, the company said, is meant “to realign its operating structure to […]
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GitLab to cut 14% of staff and exit 22 countries in ‘agentic era’ restructuring Read More »