AMD said Thursday it is working with Cerebras, a rival AI server chip developer, on connecting AMD’s server racks to Cerebras wafers to run both companies’ chips simultaneously. The move is an example of disaggregated inference , or running the same AI across different chips to make workloads faster and more efficient. AMD’s graphics processing units would handle prefill, the most

Intel shares rose 12% in after-hours trading after the company said revenue growth hit a 15-year high in the second quarter on the back of chip demand from AI customers. Intel’s data center and AI hardware unit grew 59% to $6.3 billion as central processing units, one of Intel’s longtime fortes, benefited from AI demand that relies on part on the chips. That includes AI agents, which use

Crypto exchange BitMEX, one of the oldest crypto exchanges, said it will shut down in September after 11 years in business. Its shuttering comes as the crypto industry struggles with falling prices and diminishing individual investor interest. BitMEX said its board made the decision “following a strategic review of the business and the broader crypto industry.” Founded in 2014, BitMEX was

After OpenAI revealed on Tuesday that its AI broke out of the company’s systems, accessed the web and hacked model repository Hugging Face during a cybersecurity test, it was easy to view the disclosure as a kind of “we’re so good it’s scary” marketing flex.Some commentators made that ...

The release of a high-profile Chinese AI model last week has triggered debate in the White House and Silicon Valley over whether to restrict such technology in the U.S. As the White House and U.S. agencies including the Commerce Department investigate whether China-based Moonshot stole American ...

AlphaSense, which sells AI-powered search and market research tools to banks and other businesses, has been working with advisers on a potential initial public offering in the coming months, according to people with direct knowledge of its plans. The plans follow recent fast growth at the ...

Swami Sivasubramanian, vice president of agentic AI at Amazon Web Services, is taking on an expanded role that involves serving as a “strategic advisor” to other internal teams developing AI products, CEO Matt Garman announced in an email to employees. “He will be the leader looking across everyone’s work to help shape decisions, pressure-test ideas and make sure we’re placing the right bets,”

Robert Hundt, a Google distinguished engineer who was the original software leader for its Tensor Processing Unit chips, has joined Amazon’s chip team under that same title, according to an Amazon spokesperson. Hundt, who reports to Amazon Senior Vice President Peter DeSantis, will initially focus on Amazon’s Neuron software, a set of tools that let developers run models on Trainium, its AI

In 2020, 22-year-old Aakash Thumaty was a product manager at Salesforce when he wrote an essay, “Value Driven Innovation at Shopify and the Incumbency Trap at Salesforce,” which argued against Salesforce’s subscription-based business model. He sent it to Bret Taylor, who at the time was ...

PayPal CEO Enrique Lores said the company is committed to executing its turnaround strategy while “open” to evaluating deal opportunities. Earlier this month, Stripe and Advent International submitted an unsolicited joint offer to buy PayPal at $60.50 per share, or more than $53 billion. On the earnings call Tuesday, Lores declined to comment on any specific offers. “What I can say is that

As Anthropic prepares to go public, it is considering a highly unusual move to require rank-and-file employees to sell stock through rigid trading schedules so they don’t run afoul of insider trading laws, said a person familiar with the matter and a person briefed on it. At companies that have ...

Wow. Google Cloud’s business exploded in the second quarter, with revenue soaring 82%, nearly 20 percentage points faster than for the previous quarter. Rapid demand for AI services—and in this quarter, the impact of AI chip sales—has lifted Google Cloud’s growth rate by nearly 50 percentage ...

This week, Trump administration officials have taken to the airwaves and X to blast Chinese open source AI companies like Moonshot, accusing them of stealing intellectual property from the likes of Anthropic and other U.S. AI developers. The administration’s concerns aren’t just rhetoric, ...

IBM on Wednesday said it was reducing its full-year projection for revenue growth to between 4% and 5% this year compared to an earlier forecast of more than 5% growth. The lowered forecast came during the company’s quarterly earnings report, which showed sluggish sales growth. The company first warned shareholders about the slowdown last week. IBM’s revenue in the second quarter rose 1% to

Tesla’s revenue jumped 26% year over year in the second quarter, boosted by its vehicle deliveries and the company’s energy business. Even as the company generated more cash from its day-to-day business, it spent heavily on new manufacturing capacity and AI projects, sending its free cash flow into the negative. Tesla’s capital expenditures more than doubled from a year earlier to nearly $5.8

Alphabet’s revenue grew 24% year-over-year to $119.8 billion in the second quarter, driven by especially strong growth in Google’s cloud-computing unit. Google Cloud’s revenue grew 82% year-over-year to $24.8 billion, outpacing the previous quarter’s 63% year-over-year growth, the company reported on Wednesday. Operating income growth in that division was even more dramatic, more than tripling

Enterprise software firm ServiceNow’s second quarter revenue growth accelerated a couple of percentage points to 24%, the company reported Wednesday, thanks in part to strong demand from the federal government that pulled some business into the second quarter from the third quarter. One result of that shift is that ServiceNow projected a slowdown in third quarter growth in subscription

Stripe is coming off a banner year thanks to booming growth in the AI sector, where the company processes payments for big AI labs and small developers alike. The payment giant’s revenue jumped by a third to $6.8 billion last year, according to a person familiar with its financial figures, ...

Amazon cut staff today from the division working on building its own large language models, according to a spokesperson. The spokesperson said that while AI models “remain one of the most important things we’re working on,…we’re sharpening our focus on the initiatives that matter most for customers, so we can move faster on what counts. That focus means some difficult decisions, including

In the weeks since Robinhood opened its doors to AI agents, customers of the popular financial app have been using agents for everything from research to trading. Now, a key question for Robinhood’s broader revenue opportunity is how much of an edge the technology can give investors.In late May, ...