Alphabet’s plan to sell $80 billion worth of shares, billed as a way to pay for AI infrastructure and compute, is surprising enough, given the capital raise’s size and the fact that the company last raised equity 21 years ago, when Gwen Stefani’s “Hollaback Girl” was the song of the summer. But ...
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Meta Platforms is expanding its AI agent offerings for businesses as part of its broader push to monetize AI products and services. At its Conversations business messaging conference on Wednesday, Meta announced it is bringing Meta Business Agent to Instagram and launching the Meta Business Agent Platform globally. The platform allows businesses to connect to third-party data sources, such as
Employee engagement and satisfaction surveys sound simple: Ask your workers about their experience, and then see what they have to say. But in practice, these survey cycles often turn into months-long marathons, with HR teams sometimes taking weeks to agree on the right questions and then ...
Google’s parent company Alphabet said on Wednesday that it was increasing the size of its equity raise to $84.75 billion from $80 billion. The bulk of the money—Google’s first time selling new stock since 2005—is earmarked for spending on AI infrastructure and compute, highlighting the cost of the AI infrastructure buildout. Google said on Monday that around $30 billion will go towards paying
OpenAI’s Codex—which was once pitched as a coding agent for developers and is now being framed as a more general-purpose agent for knowledge workers—is having a moment, as OpenAI chief revenue officer Denise Dresser put it on Tuesday.As I wrote about in this story from Tuesday, lots of ...
Walmart is trying to make its Sparky assistant smarter and more capable for shoppers by collecting more real-world data on how people shop inside its 3,500-plus U.S. superstores. Gathering more in-store information has been a focus for the company since Sparky launched about a year ago, said ...
SpaceX’s $75 billion offering will impact a lot more than just the employees and investors who are looking to cash in on their stock. It will also be a gauge of enthusiasm for tech IPOs, helping set the stage for other mega IPOs like Anthropic and OpenAI.If SpaceX’s IPO doesn’t take off, “you’d ...
The poor souls responsible for technology buying decisions at companies must be overwhelmed these days. Not only does seemingly every other tech firm want to send consultants—invariably calling themselves forward-deployed engineers as though they’re on maneuver in the desert—to help companies ...
Early last year, after Anthropic released a preview of its coding tool, Claude Code, OpenAI realized it had allowed the then-smaller AI rival to surpass it in coding. Around that time, OpenAI threw resources behind a new dedicated team that would focus specifically on developing AI tools for ...
Meta Platforms is scaling back elements of its employee tracking tool after staff raised concerns about the tool, The Information reported . A Meta executive told employees in the memo that the company is updating its Model Capability Initiative, or MCI, launched in April to help train its AI models, by strengthening privacy protections, enabling some staff to request exemptions and giving
Meta Platforms is scaling back elements of its employee tracking tool after staff raised concerns about the tool, according to an internal memo reviewed by The Information. A Meta executive told employees in the memo that the company is updating its Model Capability Initiative, orMCI, launched ...
Microsoft on Tuesday revealed new AI software geared towards developers and corporate customers, including homegrown AI models and new tools that aim to let corporate customers develop AI agents that can draw on internal company data to automate workplace tasks. The announcements come as Microsoft is aiming to woo more developers to use its AI-powered software, a key plank of its effort to
Microsoft on Tuesday unveiled a new desktop PC powered by an Nvidia processor geared towards developers who want to run AI models locally. The new PC, called the Surface RTX Spark Dev Box, is powered by Nvidia’s new Arm-based chips announced earlier this week. Microsoft previously announced a new Surface laptop powered by the chips on Sunday. Microsoft said the Dev Box will make it possible
OpenAI announced specialized features within its Codex coding app designed to help with tasks ranging from product design to investment banking, as it seeks to compete with Anthropic for business customers. At an event Tuesday emphasizing its enterprise efforts, OpenAI also said it will put Codex within its core ChatGPT app “in the next few weeks” as it moves towards its long-promised
Snowflake and AtScale, a startup provider of software that companies like Toyota and Cardinal Health use to define consistent business metrics from their data, announced that they’re working together on a product that could help customers avoid getting caught in the AI data wars. The jointly-developed product, unveiled at Snowflake’s annual customer conference and slated to soon be available
Shopify said Tuesday that it would expand its share buyback authorization by $3 billion to a total authorization of $5 billion, becoming the latest software firm to unveil expanded share repurchase plans as AI fears have battered stock prices. Several software firms have implemented or expanded share buybacks as worries about AI disruption have sunk their share prices. In March, Pinterest said
Anthropic is quadrupling the number of companies allowed to use its Claude Mythos model for cybersecurity testing under its Project Glasswing initiative. The company announced Tuesday that the project will be expanded to 150 new organizations, from the roughly 50 that were included when it launched in April. Anthropic’s partners use the cyber-capable model, which hasn’t been more widely
Snowflake CEO Sridhar Ramaswamy on Monday became the latest executive to voice concerns over rising AI costs.“Are we worried about how much we are spending on AI inference across our internal teams? Absolutely,” he told my colleague Laura during Snowflake’s annual conference in San Francisco. ...
President Trump signed a revised version of a long-anticipated executive order on Tuesday that creates cybersecurity guardrails around frontier AI models. The signing, which was done in private, comes less than two weeks after Trump canceled a signing ceremony for a different version of the order over concerns that it could impede U.S. efforts to maintain its technological lead over China.
SpaceX is seeking a valuation of $1.75 trillion in its initial public offering next week, including additional shares the underwriting banks could sell if investor demand is strong, according to people familiar with the matter. The latest valuation target solidifies earlier discussions ...