Businesses are spending more on Anthropic and other AI providers, and the additional budget has to come from somewhere. One natural target for cuts is other software. While businesses aren’t abandoning their enterprise applications outright, they’re putting themselves in a better position to do ...

Hackers broke into GitHub’s internal systems and stole data from thousands of its internal repositories, the Microsoft-owned company disclosed Tuesday night. While GitHub said it didn’t find any evidence that customer data was stolen, the hackers were able to access over 3,800 of GitHub’s internal repositories where it stores its own code. The hacking group TeamPCP took credit for the breach

Vox Media is splitting in two and James Murdoch, son of media mogul Rupert Murdoch, is buying the half that owns New York magazine, Vox.com and the Vox podcast network, Vox announced. The rest of Vox, including websites Popsugar, SB Nation, The Dodo and The Verge, will become part of a new company to be renamed and to be run by Ryan Pauley, who is currently president of Vox Media. Jim

Google came into its flagship developer conference, Google I/O, on Tuesday with a big question to answer: Does it have a counter to Anthropic’s dominance in coding?The takeaway, after a sweltering day in Mountain View, Calif.: Google wants to redefine the competition. Google didn’t release a new ...

SpaceX’s draft prospectus, which could become public as soon as later on Wednesday, has prominently positioned a photograph of its Starship rocket, in the very early stages of liftoff, with bright orange flames emerging from its engines and smoke plumes underneath. The photo underlines how the ...

Meta Platforms has begun notifying thousands of employees that they are being laid off, as it embarks on its latest effort to cut costs and offset the heavy investment in artificial intelligence. Meta had said last month it would lay off about 8,000 people on Wednesday, about 10% of its 78,000 employees. Meta began notifying employees in India, Singapore, Europe, and the US of the layoffs via

Alibaba Group’s semiconductor design unit on Wednesday unveiled a new chip that can be used to train and run AI models. The move comes as the Chinese government pushes to accelerate the adoption of homegrown AI chips to reduce the country’s dependence on Nvidia. Alibaba said the new AI chip, Zhenwu M890, delivers three times the performance of its predecessor. It is “exceptionally well-suited”

OpenAI cofounder and CEO Sam Altman late Tuesday offered to invest $2 million in every startup currently in the Y Combinator startup accelerator program—not in cash, but in OpenAI tokens. “I am excited to see what will happen with tokenmaxxing startups, both for how they work internally and the products they can build,” Altman posted on X after unveiling the offer in a talk to YC founders

SpaceX tapped Goldman Sachs for the top role on its initial public offering next month, according to the Wall Street Journal. The “lead left” position would put Goldman in the driver’s seat for what will likely be the largest IPO ever. Morgan Stanley, Bank of America, Citi and JPMorgan are the other top banks on the deal. Elon Musk’s company is expected to make public its IPO prospectus for

For the past two days, I’ve been at JP Morgan’s annual tech conference in Boston. As usual, AI has dominated most of my conversations with investors. But in a change from the past few months, it’s not Anthropic and OpenAI driving those discussions—but hardware and utility companies a few steps ...

If you pay attention to one thing in AI this week, it should be Google’s I/O presentation on Tuesday. The tech giant unveiled a bunch of AI tools, most significantly the addition of new AI features such as agents to Google Search. Any distinction that existed between Google’s Gemini AI chatbot ...

SpaceX and Cursor expect to proceed with their planned acquisition 30 days after SpaceX begins trading publicly, according to someone familiar with the matter. SpaceX is expected to go public in mid-June in the largest IPO in U.S. history. The Elon Musk-founded rockets-and-AI company announced last month that it had secured the right to buy Cursor, a leading provider of AI coding tools, for

Google unveiled an expanded lineup of AI shopping tools Tuesday at its annual I/O developer conference, including a “Universal Cart” that allows users to add products from multiple retailers and sites across multiple Google products including search, Gmail, Gemini and YouTube. The cart will also research products that shoppers add, including looking for deals and flagging extra information

Google DeepMind agreed to pay between $80 million and $90 million to hire employees from AI agent startup Contextual AI and to license its technology, according to a person with knowledge of the deal. Douwe Kiela, Contextual’s cofounder and CEO, is expected to join DeepMind alongside over 20 researchers from his startup, the person said. DeepMind’s agreement with the three-year-old startup

SpaceX’s initial public offering prospectus will read like a kaleidoscope when it’s unveiled publicly in the coming days. There will be a dazzling mixture of storylines and figures that show huge financial losses, exciting promises, impressive growth and unmet expectations. Information in the ...

Google on Tuesday announced a new video model, upgrades to search and a slightly streamlined coding agent offering at its annual conference. The Google I/O event is officially a developer conference, but in practice Google has also used it in recent years to showcase new consumer AI offerings and to try to draw attention away from rivals OpenAI and Anthropic. Tuesday’s announcements

SpaceX’s initial public offering, expected to be the largest in history, is also set to yield the largest venture returns ever at the time of the IPO. Among those set to win big are Founders Fund, Valor Equity Partners and Sequoia Capital. Valor Equity Partners, whose founder Antonio Gracias is ...

Microsoft’s GitHub Copilot may have lost much of its early lead in the AI coding race to rivals like Anthropic and Cursor, but Microsoft thinks it has an advantage over those companies: roughly 100,000 software engineers who work for Microsoft.As we reported Monday, Microsoft leaders think they ...

Andrej Karpathy, a founding member of OpenAI and the former director of AI at Tesla, is joining Anthropic, he posted on X on Tuesday. “I think the next few years at the frontier of LLMs will be especially formative,” he wrote. The hire is a coup for Anthropic, given Karpathy’s legendary status in the AI industry—among other feats, he helped launch the first course on deep learning at

Some developers have told me that the rising costs of frontier AI models from Anthropic and other firms could prompt them to shift to cheaper open-source AI. After all, when companies as sophisticated as Uber are accidentally blowing through their entire year’s AI budget in a matter of months, ...