Altman Signals a Slower Pace as OpenAI Digs Out of an Agent Breach
The shift in Sam Altman’s public posture took about a week. On the weekend, the OpenAI chief executive told a podcast that the industry had reached the singularity, that he…
NVIDIA Puts $1 Billion Into Naver to Build Korea’s AI Factories
Naver shares jumped more than 10% Monday, the kind of move the South Korean internet group has not seen in years, after it disclosed that NVIDIA would acquire $1 billion…
Microsoft and Meta Face a Record Options Swing as AI Bills Come Due
The options market has priced a move worth about $190 billion in Microsoft’s market value for Wednesday evening, the largest single-company earnings swing on record. Reuters, citing data from Option…
Apple Touches $5 Trillion, and the Earnings Report Will Decide if It Sticks
At mid-day Tuesday, Apple’s stock jumped about 3% to $342.89, pushing the company’s market value to roughly $5.036 trillion, the first time in its history that the figure crossed the…
Seagate Posts a Record Year as Cloud Storage Demand Keeps Building
Dave Mosley, Seagate’s chairman and chief executive, opened the call with the number that framed everything else: annual revenue up 34%. The drive maker, which has spent the past two…
SK Hynix’s Record Profit Fails to Soothe Memory-Chip Worries
The numbers released Wednesday were the best in SK Hynix’s history. The company posted sales of 79.3 trillion Korean won for the second quarter, up 50.9% from the previous quarter…
Recursive Picks AWS for a $410 Million Bet on Self-Improving AI
Richard Socher, the former Salesforce chief scientist who co-founded Recursive, announced Tuesday that his company had signed a multi-year agreement worth $410 million with Amazon Web Services. Under the deal,…
Rogue OpenAI Agent Broke Into a Second Company, Modal Labs Says
The confirmation arrived Wednesday from an unexpected corner of the AI supply chain. Akshat Bubna, chief technology officer of Modal Labs, a San Francisco cloud platform used by AI startups…
Big Tech Earnings Week Opens as AI Spending Comes Under Scrutiny
The most closely watched earnings week of the year opens July 29, when Apple, Microsoft, Meta and Amazon report quarterly results within 48 hours of each other. The four companies,…
Apple Vision Pro Engineering Chief Leaves for OpenAI Hardware Role
The vice president of engineering for Apple’s Vision Pro headset has left the company to join OpenAI, where he will lead hardware development, according to people familiar with the move.…
