ByteDance is quietly winning a race in China that most people are watching in America. The company behind TikTok now makes about $4bn a year from artificial intelligence. That is the largest figure any Chinese firm has publicly claimed, the South China…
The AI cloud is heading into the vault. CoreWeave rents high-end GPUs to the biggest AI labs. Now it wants to run that same cloud inside the sealed facilities where America keeps its secrets, with the contractor Leidos as its guide. The two companies a…
Nscale, the London AI-cloud company that owns its own power and data centres, is buying its way up the stack. It has agreed to acquire Anyscale, the startup behind the widely used Ray software. Bloomberg reported the deal at about $1.65bn. Nscale annou…
The race to build an AI “foundation model of the cell” has a fuel problem. The biological data needed to train one is scarce, messy and inconsistent. Relation Therapeutics thinks the answer is to manufacture that data itself, and GSK is paying up to $1…
As organizations embrace AI to communicate faster and at greater scale, the companies preserving trust aren’t sending more messages; they’re creating more meaningful human moments. Artificial intelligence has fundamentally changed how organizations com…
The world’s biggest consultancies are selling companies expensive advice on how to adopt AI without getting burned. Their own reports keep getting burned. PwC is the latest to be caught. Four of its Middle East “thought leadership” reports were a mess,…
BuzzFeed bet on AI to rescue itself. This week it laid off another third of its staff. The bet, it turns out, was never the thing that could save it. The company cut about 180 jobs on Monday, roughly a third of its remaining workforce, the New York Tim…
Apple has become the second company in history worth $5tn. It got there by being the one big-tech giant that refused to bet its balance sheet on AI. The iPhone maker briefly touched a $5.04tn market value on Tuesday. Shares hit a session high of $342.8…
The most disturbing corporate harassment campaign in recent tech history has a price. eBay and three of its former executives will pay nearly $56m to the couple they set out to destroy for writing a critical newsletter. David and Ina Steiner of Natick,…
The most expensive part of AI coding is no longer the model. It is the software wrapped around it, and enterprises have started to notice. The immediate fight is over price. Cursor, the AI coding tool SpaceX has agreed to buy for $60bn, moved most cust…