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Nvidia is working on a version of its Groq AI chips that can be sold in China, according to Reuters, citing two people familiar with the matter, as the company works to regain ground in a market where U.S. export controls have restricted its presence. Nvidia expects these new chips to ship in ...
Amazon CEO Andy Jassy, in an all-hands meeting with employees, said he believes customer demand for AI could propel Amazon Web Services to a $600 billion annualized sales pace within the next decade, up from around $130 billion in total sales in 2025, Reuters reported. Jassy’s ...
OpenAI has decided the “everything everywhere all at once” strategy isn’t ideal, after all. As we and others reported on Monday night, senior OpenAI executive Fidji Simo told staffers last week that the company needed to “refocus on business customers and cut down on side quests that were becoming a distraction.” (Is that the understatement of the year?) That refocusing has already begun. A...
It’s no surprise that if you bring hundreds of venture capitalists and limited partners together in 2026, most will have bought into AI—literally. So it was interesting to hear what investors gathered in Santa Monica, Calif., last week for March Capital’s annual The Montgomery Summit thought were the AI boom’s weak links. Take Matt McIlwain, a managing director at Madrona. On a panel, he said...
AI startup You.com, valued at $1.5 billion after a funding round in September, is changing its senior leadership as it focuses on helping businesses adopt AI. Bryan McCann, You.com’s CTO and co-founder, recently left to join Anthropic as a member of technical staff, according to his LinkedIn ...
Nvidia is in the process of restarting manufacturing for the H200 chips that it plans to sell to Chinese customers, Nvidia CEO Jensen Huang said at a press conference Tuesday. Huang said Nvidia had received purchase orders from customers in China, implying that the Chinese government has given ...
Anthropic and OpenAI have leaned heavily into serving businesses with AI agents that automate white collar tasks and software that helps businesses manage these agents. The two AI developers are even competing to sign up private equity firms to create joint ventures that would sell AI to the PE firms’ portfolio companies, my colleagues scooped last week. But Palantir, a 22-year-old software firm...
Nvidia CEO Jensen Huang said his firm has invested billions of dollars lately in upstart cloud providers that buy and rent out Nvidia chips because traditional cloud providers won’t be able to satisfy rising demand from large AI developers. “The reason why we know they’re going to be home runs ...
Microsoft is overhauling its executive ranks to give CEO Satya Nadella more direct oversight of engineering teams working on its Copilot chatbots, Nadella said in a memo to staff Tuesday. The reorganization will bring together engineering divisions working on the consumer version of Copilot and ...
Mastercard said it agreed to buy BVNK, a stablecoin payment startup, for up to $1.8 billion, including $300 million in contingent payments, in its biggest bet that more companies will use the cryptocurrency to move money globally. With the acquisition, Mastercard is defending against the threat ...