Technology
Cerebras IPO has ‘too much hair’ as AI chipmaker tries to sell Wall Street on Nvidia alternative
Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024. Ramsey Cardy | Sportsfile | Collision | Getty Images AI chipmaker Cerebras is trying to be the first major venture-backed tech company to go public in the U.S. since April and to capitalize on investors’ insatiable […]
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Nvidia-backed CoreWeave gets $650 million credit line from top Wall Street banks
In this photo illustration, a Core Weave logo is displayed on a smartphone with stock market percentages on the background. Omar Marques | SOPA Images | Lightrocket | Getty Images CoreWeave, an Nvidia-backed artificial intelligence startup that rents out chips to other companies, announced Friday that it has a new $650 million credit line to […]
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Salesforce’s UK chief urges government not to regulate all AI companies in the same way
Zahra Bahrololoumi, CEO of U.K. and Ireland at Salesforce, speaking during the company’s annual Dreamforce conference in San Francisco, California, on Sept. 17, 2024. David Paul Morris | Bloomberg | Getty Images LONDON — The UK chief executive of Salesforce wants the Labor government to regulate artificial intelligence — but says it’s important that policymakers […]
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Microsoft will let people buy games through Xbox app on Android in November after Google antitrust ruling
Phil Spencer, CEO of Microsoft Gaming, speaks at the Gamescom conference in Cologne, Germany, on Aug. 23, 2023. Franziska Krug | German Select | Getty Images Microsoft will allow people to buy and play video games through its Xbox app for Android starting in November, the company said on Thursday. The move is an immediate […]
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OpenAI chair Bret Taylor talks AI agents, regulation and the tech’s current boom
Bret Taylor, co-CEO of Salesforce, speaks at the Viva Technology Conference in Paris on June 15, 2022. Nathan Laine | Bloomberg | Getty Images Bret Taylor, board chairman of OpenAI, joined CNBC’s Squawk on the Street Thursday to discuss his artificial intelligence startup Sierra. Taylor co-founded Sierra in March of 2023, and it aims to […]
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Zuckerberg’s metaverse is finally showing signs of life, but it’s not from VR
Meta CEO Mark Zuckerberg presents Orion AR Glasses, as he makes a keynote speech during the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, U.S. September 25, 2024. Manuel Orbegozo | Reuters When Facebook changed its name to Meta in October 2021, CEO Mark Zuckerberg used the occasion to show the […]
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Amazon cashierless tech competitor Grabango shutters after failing to secure funding
Grabango’s mobile app Grabango Grabango, a venture-backed startup that was vying to take on Amazon in cashierless checkout technology, is shutting down after it was unable to raise enough money to stay afloat. “Although the company established itself as a leader in checkout-free technology, it was not able to secure the funding it needed to […]
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Amazon tests adding robot warehouses to Whole Foods so shoppers can pick up other orders at checkout
An independent contractor wearing a protective mask and gloves loads Amazon Prime grocery bags into a car outside a Whole Foods Market in Berkeley, California, on October 7, 2020. David Paul Morris/Bloomberg via Getty Images Amazon said Wednesday it’s testing adding mini warehouses to Whole Foods supermarkets as part of a bid to attract more […]
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Nvidia shares are up 25% in the last month, rallying near a record ahead of tech earnings
Nvidia CEO Jensen Huang presents “Blackwell” at an event ahead of the Computex forum, in Taipei, Taiwan, on June 2, 2024. Ann Wang | Reuters Nvidia shares have surged 25% in the last month and are closing in on a record ahead of tech earnings season in the coming weeks, when top customers like Meta, […]
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AI startup Writer, currently fundraising at a $1.9 billion valuation, launches new model to compete with OpenAI
CEO of writer.com May Habib attends the Harper’s Bazaar At Work Summit, in partnership with Porsche and One&Only One Za’abeel, at Raffles London at The OWO on November 21, 2023 in London, England. Dave Benett | Getty Images San Francisco-based AI startup Writer debuted a large artificial intelligence model on Wednesday to compete with enterprise […]
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