Meta Platforms plans to launch its consumer version of the OpenClaw AI agent, dubbed Hatch internally, as soon as the next several weeks and is targeting October for its latest AI model, called Watermelon, according to internal documents reviewed by The Information. Hatch is part of Meta Chief ...

Next Tuesday, Tim Cook will officially pass the baton as Apple CEO to his successor, John Ternus. But in his final days as the company’s top executive, Apple and luminaries associated with the company are sending the executive off in style. The hyper-private Cook has even opened an ...

Chinese tech giant Tencent Holdings on Friday launched a preview version of its new flagship open-source model, Hy4, which demonstrates a significant improvement in performance from its predecessor. Benchmarks and early feedback on Hy4 suggest that Tencent is emerging as a more formidable competitor to leading Chinese AI model makers such as Moonshot AI, DeepSeek and Alibaba Group. On Code

Nvidia has agreed to buy Hugging Face, the GitHub-like repository of open-source AI models, for $12.9 billion, roughly 80 times the startup’s forward revenue, after deal talks kicked off when another suitor came calling, The Information reported . Salesforce, an investor in the company, has been among the interested parties, the report said. Nvidia is purchasing the startup to shepherd the

About 1,200 AI agents that were supposed to be isolated from each other communicated over a makeshift message board they created using one of OpenAI’s software programs, of which about 700 went on to participate in last month’s cyberattack on Hugging Face, according to the findings of a new independent investigation . The investigation—conducted by researchers at Redwood Research, which

Nvidia’s revenue rose 106% to $96.2 billion in the three months that ended in July, or 21 percentage points higher than the growth it reported in the previous quarter. The company said growth would cool a bit, to 89.5%, in the current fiscal quarter. But given its recent results, investors are likely to expect the company to blow past that estimate the way it has done in recent quarters, given

OpenAI on Tuesday released an evaluation of its new Jalapeño AI server chip, claiming it is faster and more powerful than Nvidia’s flagship Blackwell chips. The results appear promising for OpenAI, which hopes to reduce its reliance on Nvidia’s hardware someday, but it’s still early: The chips haven’t yet been tested as thoroughly against Nvidia’s latest chip, Rubin, nor have they been used

Earlier this month, on the day SpaceX announced it had completed its $60 billion acquisition of Cursor, Elon Musk called into an all-hands video meeting with the coding startup’s staff. Musk told them that SpaceX’s AI unit had fallen behind competitors and that he wasn’t used to losing. Unlike ...

AI startup Hugging Face, known for its repository of open-source models, is generating more than $150 million in annualized revenue, a 50% increase from two months ago , according to a person with direct knowledge of the matter. The decade-old startup is nearing a deal to sell itself, according to a second person. A deal could value it close to $13 billion, Business Insider said. That would

Nvidia shocked the market earlier this month when it lined up half a dozen financial giants, including Blackstone, Apollo and Goldman Sachs, to finance $500 billion of AI infrastructure purchases.The eye-popping figure was a signal to the market that Nvidia is moving away from acting as the ...

SpaceX and AI cloud company Nebius are set to be early customers of Nvidia’s Vera central processing units and fast inference-focused Groq LPX racks, two key items intended to expand on Nvidia’s main, graphics processing unit-based products. Analysts and investors have wondered since Nvidia announced the new products how widely they’ll be adopted. Nvidia said on Monday that Nebius plans to use

Fast fashion company Shein expects to go public at a valuation of around $26 billion, the company said in a filing with the Hong Kong Stock Exchange. That would be a sharp decline from the $80 billion to $90 billion valuation it was hoping for three years ago. That decline reflects how Shein has been buffeted by the end of the ‘de minimis’ rule in the U.S., which allowed Americans to buy

Nvidia CEO Jensen Huang continues to not rest on his laurels, particularly as clouds continue forming over the AI buildout. On Sunday, Phoebe, Valida and I reported that Nvidia was planning to lead a multibillion-dollar investment in Perplexity, the search firm-turned-AI agent provider whose ...

When Lauren Wang started Flex in Los Angeles a decade ago, she wanted to create a new type of menstrual care product that wasn’t already on the market—a disposable disc that lasts longer than traditional tampons or pads. Flex sold through its own website early on; it was one of a number of ...

Nvidia acquired a minority stake in Cloverleaf Infrastructure, its third equity investment in rapid succession in firms that secure real estate and electricity access for data centers in the U.S. The move is part of Nvidia’s race to lock up data center capacity for its full AI hardware suite before its rivals do, and to try to avoid a scenario in which its chips will sit idle because facilities

Nvidia is discussing investing in Perplexity as part of an equity round that would value the AI startup at more than $30 billion, according to people with knowledge of the discussion. The round would be worth billions of dollars and boost the startup’s valuation more than 50% from its last ...

Some of the hardest-working people in tech right now have to be the corporate communications folks at Nvidia, which is pretty much never out of the news. Aside from updates on its latest AI chips, Nvidia seems to be investing in almost every part of the AI sector, from data center developers to ...

Humanoid robot maker Unitree’s 460% surge in its Shanghai stock market debut on Wednesday was the latest in a series of eye-watering first trading-day pops fetched by some recent tech initial public offerings in mainland China’s stock market. It followed last month’s debut of ChangXin Memory ...

Alibaba Group said Sunday that it is looking to raise 80 billion Hong Kong dollars ($10.2 billion) through a major share placement to fund its fast-growing AI investments. The Chinese tech giant, listed in New York and Hong Kong, is selling shares to investors outside the U.S. The deal is already oversubscribed due to interest from sovereign wealth funds and other international investors,

Prices for some of Nvidia’s flagship AI server chip systems are set to rise about 17%, according to two people whose firms were notified by server makers that provide such systems. The price hikes generally apply to Grace Blackwell 300 and Vera Rubin 200 chip systems that are due to be delivered ...