Big Tech cannot afford to be cheap on AI spending
Cloud computing giants cannot afford to pinch pennies on the artificial intelligence buildout, CNBC’s Jim Cramer argued Wednesday.…
A sanctioned Chinese firm says cheaper models can still win
China’s artificial intelligence race has no finish line. DeepSeek, Moonshot AI, Alibaba and even consumer electronics firm Xiaomi…
Samsung hits $1 trillion valuation as AI rally lifts shares over 10%
Shares of Samsung Electronics surged more than 10% Wednesday, pushing the chip giant’s market capitalization past the $1…
Andy Jassy says Amazon investors will be rewarded by its AI spending
Andy Jassy said Amazon’s massive spending on artificial intelligence isn’t something investors should fear — it’s exactly why…
Anthropic still blacklisted, but Mythos is a separate issue
Department of Defense CTO Emil Michael on Friday said Anthropic is still a supply chain risk, but that Mythos,…
Chip stocks surge in ‘historic’ month
This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here. After…
Reddit’s CEO calls his company ‘the fuel’ for artificial intelligence
Reddit CEO Steve Huffman said his company may be one of the most underappreciated winners of the artificial…
Nvidia backs European AI legal tech at $5.6 billion valuation
AI legal tech Legora advert featuring Jude Law. Credit: Legora Nvidia’s venture arm, NVentures, has invested in Swedish…
Meta, Google among Big Tech seeing staff leave to launch own AI labs
Top researchers are jumping ship from Big Tech firms like Meta and Google to launch startups and raise…
Spotify teams up with Peloton to launch global fitness content hub
Spotify is increasing its push beyond music and podcasts as the company on Monday announced a new fitness…
Ex-DeepMind David Silver raises $1.1 billion for AI startup Ineffable
A former top researcher at Google AI division DeepMind announced Monday a record $1.1 billion seed round for…
China blocks Meta’s acquisition of AI startup Manus
China’s state planner on Monday called for Meta to unwind its $2 billion acquisition of Manus, a Singaporean…