As access to Nvidia AI chips become more elusive, major developers such OpenAI and Meta Platforms are diversifying their sources of computing power, including by striking deals to use a variety of AI server chips. But making that approach work is not a cinch. The AI labs need to tailor the code ...

Google recently observed hackers using AI models to find a previously undiscovered security flaw, the company said on Monday. The hacker planned to use the flaw for a “mass exploitation event,” but Google security researchers believe they successfully warded off the attack after noticing the hackers’ activity, the company said. The incident is one of the first confirmed cases of the type of

Uber promoted its Chief Marketing Officer Jill Hazelbaker to president and chief corporate affairs officer, adding human resources, real estate and safety to her remit. Hazelbaker is a veteran technology communications and public policy leader who worked at Google and Snap before joining Uber in 2015. She got her feet wet at the company by leading communications during the turbulent

Chinese social media giant Kuaishou Technology is planning to spin off its Kling AI video business ahead of an initial public offering next year, in an attempt to capitalize on investors’ appetite for AI stocks, according to two people with knowledge of the plans. Kuaishou has held talks with ...

How many AI chip designers can the public market support? We’ll get a sense of that on Thursday when Cerebras Systems, the biggest of a new generation of chip designers dedicated to AI, is expected to go public at a valuation of $35 billion. If it follows the pattern of other AI-related IPOs, ...

Tech companies from Spotify to Uber to Airbnb told investors on their March-quarter earnings calls that AI was making their workers more productive, allowing them to ship more code and handle more customers with the same or fewer employees. Many companies are seeing profit margin improvement as ...

Welcome, Weekenders! In this newsletter:• Tech Culture: Billionaire tax brings new boom time to Tahoe haven• Plus, Recommendations—our weekly pop culture picks: “The Interview: What Does Tucker Carlson Really Believe? I Went to Maine to Find Out,” “Hated by All the Right People,” and “Widow’s ...

Naveen Rao, a longtime California resident, ascended to a rarefied tier of wealth last year when his startup, Unconventional AI, was valued at $4.5 billion. The company is based in Palo Alto, but with the specter of anew tax on billionaireslooming over the state, Rao began considering other ...

Dan Levine, a partner at Accel known for early startup investments in Scale AI and Vercel, is stepping back from the venture capital firm and will no longer make new investments for it, people familiar with the matter said. The firm disclosed the change to limited partners in recent weeks. It told them Levine may do personal investing or raise his own fund in the future, and would likely

Cursor is already starting to make its presence known at SpaceX’s AI unit, just weeks after Elon Musk’s firm got an option to buy the coding startup for $60 billion. Cursor staffers have been visiting xAI offices to meet with employees and discuss their work, according to two people with direct ...

Salesforce’s chief communications officer Carolyn Guss is leaving the sales software giant, according to two people familiar with the matter. One of the people said Guss is joining a new company and that Salesforce will be appointing another chief communications officer soon. Among her responsibilities, Guss handled communications for CEO Marc Benioff, who has made headlines over the past year

Apple has reached “a preliminary agreement” with Intel in recent months for manufacturing some of its chips, The Wall Street Journal reported. Earlier, this week Bloomberg reported that Apple was exploring such a partnership with Intel and Samsung. A deal with one of the companies would help Apple diversify some of its chip manufacturing away from Taiwan Semiconductor Manufacturing Co.,

The hedge fund TCI cut almost all of its $8 billion stake in Microsoft, the Financial Times reported Friday, due to what CEO Christopher Hohn described in an investor letter as “uncertainty over Microsoft’s competitive position in the future” as AI threatens to replace existing software like Office. TCI, which reduced its position in Microsoft from 10% to 1%, also noted “risks” facing

Shares of iconic glassmaker Corning Inc. have doubled so far this year to their highest price ever, thanks to surging demand for Corning’s fiber optic cables that connect servers and AI data centers to one another. A partnership Corning announced with Nvidia this week gave the stock another ...

Liang Wenfeng, billionaire founder and CEO of DeepSeek, is planning to write the biggest check for the startup’s first-ever funding round, which the company now hopes will raise up to 50 billion yuan ($7.35 billion), according to two people with direct knowledge of the talks. That would make it ...

Shares of HubSpot dropped more than 20% after its March quarter earnings, as some investors seemed to be unimpressed by its revenue forecast for its current quarter and full fiscal year. HubSpot’s revenue grew 23% to $881 million during the quarter compared to last year, around $20 million more than its earlier forecast. But HubSpot is expecting sales growth to slow to 18% this quarter

Anthropic is the unnamed customer behind a $1.8 billion cloud deal that Akamai announced on Thursday, according to a person with direct knowledge of the matter. That deal sent the content delivery network provider’s stock soaring 27% on Friday. The seven-year cloud contract—which Akamai disclosed Thursday without naming the customer—is the largest in the company’s history. Executives described

How soon is too soon to raise a new funding round?I’ve been covering venture capital long enough (more than a decade!) to remember that the hottest startups used to raise financing every 12-18 months. Then it was 9-12 months. Then 6-9 months. And now…two months? Two weeks?Recently, a wave of ...

Elon Musk’s team called the former dean of Columbia Law School to testify Thursday in his lawsuit against OpenAI that the ChatGPT maker acted in several ways inconsistent with nonprofit customs. David Schizer, who served as dean from 2004 to 2014 and specializes in tax and nonprofit law, delivered some of the plaintiff’s more effective testimony in the trial, describing how OpenAI’s actions

If you’re getting dizzy watching CoreWeave’s balancing act, you’re not alone. The AI cloud startup reported first-quarter numbers Thursday evening showing that its business is ramping up quickly—revenue doubled in the quarter to $2 billion compared to the year-earlier period—but its investment ...