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His AI fund lost 67% in a month. Thousands still copy his trades

The AI trade blew up its own poster child last month, and thousands of people decided to keep betting on him. More than 5,000 retail investors are still mirroring Leopold Aschenbrenner’s stock portfolio, Business Insider reported, even after his hedge fund nearly imploded. They do it through Autopilot, an app that builds portfolios from the […]

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Adobe just put more than 70 of its tools inside ChatGPT

Adobe’s whole business is the apps creative professionals open every day. This week it put more than 70 of those tools inside a rival’s chatbot. The company has launched a single Adobe plugin for ChatGPT that pulls in Photoshop, Premiere, Lightroom, Illustrator, InDesign, Acrobat, Express, and its Firefly generative models. It replaces the handful of […]

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Figma grew 48% and raised its outlook. The stock fell 16% because of AI costs

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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Etsy is cutting 12% of its staff. It just beat forecasts and launched a $2bn buyback

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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Apple’s Private Relay is supposed to hide your IP. Researchers found three ways it doesn’t

Apple’s Private Relay is supposed to hide your IP address. Researchers have found three ways it does not. The paid feature, part of an iCloud+ subscription, masks your real IP address while you browse in Safari. But three flaws in WebKit, Apple’s browser engine, quietly route some traffic around it. Security researchers Talal Haj Bakry […]

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Samsung wants to float AI data centres in Texas. The state just froze the grid they need

The floating data centre has moved from concept to contract. Samsung Heavy Industries and the Dallas firm Mousterian have signed an engineering deal to design one, The Register reported. The first project is bound for Texas. The pitch is a neat answer to the AI buildout’s two tightest constraints: land and water. A moored facility […]

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Microsoft’s AI business is booming. A filing shows most of it is just OpenAI

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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Google may spend $1.5bn on a 35-person startup to catch up on AI coding

Google wants its AI to code better. It may have found a shortcut, and it runs through a startup of about 35 people. The company is in talks with Mechanize, a San Francisco startup that trains AI agents to write software, Business Insider reported. The deal would be worth more than $1.5 billion, four people […]

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A startup that slashes AI agent bills just raised $35M. Anthropic is a backer.

Sapiom is a San Francisco startup that sits between AI agents and the models they run on. It has raised a $35 million Series A. Dragonfly led the round. It comes 11 months after the company launched, and six months after a $15 million seed led by Accel. That takes total funding to $50 million. […]

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Google is cutting 52 jobs in Washington the same week it lost four star researchers

Google is laying off around 52 employees in Washington state, according to a WARN notice it filed on Wednesday and first reported by GeekWire. The letter gives no reason for the cuts. It says only that they are permanent, and that they are not the result of relocating or contracting work out of the state. […]

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