Apple in Talks to License News Content for AI-Powered Siri
Late on Aug. 12, The Wall Street Journal reported that Apple is negotiating paid licenses for news content, with the goal of improving how its AI-enhanced Siri answers questions about…
Anthropic Prepares for October IPO as Investors Float $2 Trillion Value
In the past week, Anthropic’s investors have been making their case to anyone who will listen: the maker of the Claude AI models is worth $2 trillion. The Financial Times…
Cerebras Hardware Sales Slide as Cloud Revenue Soars
Cerebras Systems, the chip company that has spent years positioning itself as the challenger to Nvidia, reported quarterly results on Wednesday evening that showed its business moving in two directions…
Coherent Posts Record Year as Optical Sales Surge
Jim Anderson, the chief executive of Coherent, opened the company’s fiscal fourth-quarter call with a simple summary: a record year, significant margin expansion, and earnings growth that ran more than…
Memory Makers Tie Worker Reviews to AI Deployment
Inside SK Hynix’s chip plant in Cheongju, south of Seoul, engineers who validate production equipment now have a new item on their scorecard: how well the AI systems they deploy…
AI Shopping App Phia Faces Commission-Fraud Allegations
Phoebe Gates was 21 when she and a Stanford classmate began pitching an AI shopping app that promised to find the cheapest deal on anything from sneakers to airline tickets.…
ARK Sells John Deere and Buys More Nvidia and Broadcom in a Single-Day Trade
Cathie Wood’s ARK Invest spent Monday buying the two most valuable companies in AI chips and selling one of the most recognizable names in farm equipment. The fund’s daily trading…
Meta Sets Up $1 Billion Fund for the Towns That Host Its Data Centers
The towns that host Meta’s data centers are getting a check. The company said this week it will set up a $1 billion fund to support community projects near its…
Intel’s $20 Billion Share Sale Draws More Than $100 Billion in Orders
Intel’s bankers did not have a quiet week. The company’s $20 billion stock offering closed Tuesday with institutional orders topping $100 billion, a wave of demand that left the deal…
TSMC Approves $29.4 Billion Budget and Teams With Sony on Image Sensors
The board meeting was routine. The numbers it approved were not. Taiwan Semiconductor Manufacturing Co. signed off on a $29.4 billion capital budget Monday and confirmed a joint venture with…
