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Scale AI not ‘winding down’ following Meta deal, interim CEO tells employees and customers
Technology

Scale AI not ‘winding down’ following Meta deal, interim CEO tells employees and customers

FILE PHOTO: Jason Droege speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 22, 2019. Mike Blake | Reuters Scale AI’s Interim CEO Jason Droege said in a memo on Wednesday that the artificial intelligence startup is not changing course following Meta’s multibillion-dollar investment in the company last week. “Unlike some other […]

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Shares of Coinbase, Circle surge after stablecoin bill passes Senate
Technology

Shares of Coinbase, Circle surge after stablecoin bill passes Senate

Jeremy Allaire, CEO of Circle Internet Group, the issuer of one of the world’s biggest stablecoins, and Circle co-founder Sean Neville pose outside the New York Stock Exchange (NYSE), on the day of the company’s IPO in New York City, U.S., June 5, 2025. NYSE Shares of Circle and Coinbase rallied on Wednesday, as Wall […]

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Waymo cars are coming to New York, but with a driver behind the wheel
Technology

Waymo cars are coming to New York, but with a driver behind the wheel

Waymo driverless vehicles wait at a traffic light in Santa Monica, California, on May 30, 2025. Daniel Cole | Reuters Residents of New York City will soon start seeing Waymo cars cruising the avenues. But at least for now, a human will be in the driver’s seat. Alphabet‘s self-driving car unit announced on Wednesday that […]

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OpenAI is winding down its work with Scale AI, whose founder is joining Meta
Technology

OpenAI is winding down its work with Scale AI, whose founder is joining Meta

Open AI CEO Sam Altman speaks at the annual Snowflake Summit in San Francisco, California on June 02, 2025. Justin Sullivan | Getty Images News | Getty Images OpenAI is winding down its work with Scale AI, the artificial intelligence startup that received a multibillion-dollar investment from Meta earlier this month and saw its founder […]

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Amazon’s Zoox boosts robotaxi production ahead of first commercial launch in Las Vegas
Technology

Amazon’s Zoox boosts robotaxi production ahead of first commercial launch in Las Vegas

Amazon’s Zoox robotaxi unit is ramping up vehicle production at a new facility in Hayward, California. Zoox Amazon-owned autonomous vehicle startup Zoox on Wednesday opened a sprawling new manufacturing facility in the San Francisco Bay Area, paving the way for more robotaxi production as it plans a commercial rollout of its fleet later this year. […]

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Klarna CEO wants to turn the platform into a ‘super app’ with AI
Finance

Klarna CEO wants to turn the platform into a ‘super app’ with AI

Key Points Klarna CEO Sebastian Siemiatkowski wants to make the platform more of an all-encompassing financial “super app” that’s personalized and can offer non-financial services. “With AI, you can abstract and adopt the experience much more to the specific user you’re dealing with,” Siemiatkowski told CNBC in an interview this week. On Wednesday, Klarna is […]

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Sam Altman says Meta offered OpenAI staff 0 million bonuses, as Mark Zuckerberg ramps up AI poaching efforts
Technology

Sam Altman says Meta offered OpenAI staff $100 million bonuses, as Mark Zuckerberg ramps up AI poaching efforts

OpenAI CEO Sam Altman speaks during the Snowflake Summit in San Francisco on June 2, 2025. Justin Sullivan | Getty Images News | Getty Images Meta Platforms tried to poach OpenAI employees by offering signing bonuses as high as $100 million, with even larger annual compensation packages, OpenAI chief executive Sam Altman said. While Meta […]

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Musk’s xAI on track to raise  billion in fresh debt, following modest demand
World

Musk’s xAI on track to raise $5 billion in fresh debt, following modest demand

Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe.  Jaap Arriens | Nurphoto | Getty Images Elon Musk’s xAI is on track to close on a $5 billion debt raise led by Morgan Stanley, despite tepid investor demand, according to two people familiar with […]

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Trump to extend TikTok deadline for third time, pushing decision out another 90 days
Technology

Trump to extend TikTok deadline for third time, pushing decision out another 90 days

Muhammed Selim Korkutata | Anadolu | Getty Images For a third time since taking office in January, President Donald Trump plans to extend a deadline that would require China’s ByteDance to divest TikTok’s U.S. business. “President Trump will sign an additional Executive Order this week to keep TikTok up and running,” White House Press Secretary Karoline […]

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AWS’ custom chip strategy is showing results, and cutting into Nvidia’s AI dominance
Technology

AWS’ custom chip strategy is showing results, and cutting into Nvidia’s AI dominance

Amazon Web Services is set to announce an update to its Graviton4 chip that includes 600 gigabytes per second of network bandwidth, what the company calls the highest offering in the public cloud. Ali Saidi, a distinguished engineer at AWS, likened the speed to a machine reading 100 music CDs a second. Graviton4, a central […]

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