‘Big Short’ Investor Eisman Warns AI Boom Rests on Two Private Companies
Steve Eisman made his name betting against subprime mortgages before the 2008 financial crisis, a trade chronicled in the book and film “The Big Short.” On Aug. 13, he turned…
Applied Materials Posts Record $9.12 Billion Revenue, Shares Fall Anyway
Applied Materials reported record quarterly revenue of $9.12 billion on Aug. 13 after the market closed, beat Wall Street’s expectations for the current quarter, and described demand from AI chip…
Samsung’s First-Half R&D Hits Record 27.3 Trillion Won as Memory Boom Funds Expansion
The regulatory filing, published Aug. 14, is a snapshot of a company reinvesting every advantage it has: Samsung Electronics spent 27.3 trillion won, about $19 billion, on research and development…
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.…
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…
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…
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…
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…
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…
Microsoft Trims China Consumer Business, Keeps AI Door Open
Microsoft is scaling back its consumer business in China but keeping a window open for AI, Reuters reported on Aug. 13, citing people familiar with the company’s plans. The move…
