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Shares of US space companies rose Wednesday after The Information reported Tuesday night that SpaceX is aiming to file its initial public offering prospectus with regulators as soon as this week. The report said that advisers involved in the preparation predict the company could try to raise ...
Please join The Information at the New York Stock Exchange on Monday, April 27, for The Information’s “Financing the AI Revolution” forum. Hear from top executives and investors on how the rapid build-out of AI is reshaping tech, finance and capital markets. Learn more here.There’s supply and demand for AI computing power and there’s supply and demand for AI itself. The two should be linked, but...
Before we get to today’s column, we wanted to flag OpenAI CEO Sam Altman’s major reorg, the company’s new "Spud” model and its decision to shut down the Sora video app and application programming interface, which we scooped on Tuesday. (For what the company’s organizational structure looks like now after the changes, check out our updated OpenAI Org Chart.)The latter decision seems in line with...
Meta Platforms is launching Meta Small Business, a company-wide initiative to drive AI adoption and support entrepreneurship, Axios reported. In a memo sent to employees on Wednesday, CEO Mark Zuckerberg told staffers that “it should be easier than ever for people to build new businesses” in the ...
Meta Platforms will lay off a few hundred people across the company on Wednesday, according to two people familiar with the matter, part of a broader effort to overhaul the company for work in the AI age.
The cuts will affect staffers in Reality Labs — the division behind its hardware platforms and wearables — as well as across its social media teams, recruiting operations, and a smaller number...
Vultr, one of the oldest independent cloud providers, is seeking to raise at least $1 billion in new capital so it can compete with a growing list of startups scrambling for cash to meet the surging demand for AI computing power.
The company, which is backed by chipmaker Advanced Micro Devices, was founded in 2014 and didn’t raise any outside equity funding until 2024, a marked contrast to the...
Chinese authorities barred Manus’ cofounders from leaving the country while regulators review Meta Platforms’ $2 billion acquisition of the AI agent startup, the Financial Times reported. Cofounders Xiao Hong and Ji Yichao were called to a meeting with the National Development and Reform ...
Chinese AI company SenseTime said its earnings before interest, taxes, depreciation and amortization turned positive during the second half of last year, the first time since its listing in 2021. SenseTime, founded in 2014, is one of the pioneers among the last generation of AI companies in ...
Meta Platforms has agreed to dole out a bounty of new stock options to its top leaders that will pay out only if the company hits aggressive new share price goals. To collect the maximum amount of options included in those packages, Meta will need to hit a share price that translates to a more ...
Amazon bought humanoid robotics startup Fauna Robotics last week, Bloomberg reported Tuesday. Amazon plans to continue selling Fauna’s humanoid robot Sprout, which costs $50,000 and stands at just three and a half feet tall and weighs 50 pounds. Amazon has over a million robots working in its ...