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Amazon Web Services is working with AI chip startup Cerebras Systems on a new service that aims to boost the performance of AI applications running in the cloud. The service, which is launching in the next couple of months as part of Amazon’s Bedrock application-building service, will use a ...
Former Uber CEO and cofounder Travis Kalanick is preparing to launch a new robotics and self-driving car company with major backing from the ride-hailing giant, according to several people familiar with the matter.
Kalanick has also been discussing acquiring the startup founded by Anthony Levandowski, a self-driving car pioneer who has been developing autonomous software for mining and other...
When companies typically go public, they appoint one or two investment banks to oversee everything—from valuing the company to lining up investors. That’s not how Elon Musk plans to handle the upcoming SpaceX giant’s initial public offering.
The rocket and AI firm has discussed dividing up roles among a larger group of investment banks, according to people familiar with the discussions....
Amazon Prime Video told customers today that it was raising the price for its ad-free tier from $2.99 a month to $4.99 a month. That’s in addition to the cost of a Prime membership. The price increase, which kicks in April 10, also comes with access to other features, like the ability to watch ...
Former Uber CEO and co-founder Travis Kalanick is preparing to launch a new self-driving car company with major backing from the ride-hailing giant, according to several people familiar with the matter. Kalanick has also been discussing acquiring the startup founded by Anthony Levandowski, ...
Unlike London’s Wembley Stadium, with its arcing steel crown, or the University of Michigan’s Big House, cavernous and iconic, Barcelona’s Cupra Arena is easy to miss. It occupies a dockside warehouse on the outskirts of the city, unremarkable from the road, if not for the gusts of applause that rattle the corrugated walls. It’s home to the Kings League, an internet-first remix of soccer—part...
Elon Musk says he’s rebuilding xAI from the ground up after the vast majority of its founding staff left the company. “xAI was not built right first time around, so is being rebuilt from the foundations up,” Musk said in an X post on Thursday. “Same thing happened with Tesla.” Musk also said ...
On Friday morning, lawyers representing Elon Musk, OpenAI and Microsoft will file into a federal courtroom in Oakland, Calif., where a judge will resolve some crucial questions that remain outstanding before Musk’s lawsuit against OpenAI goes to a trial next month. Among them: whether Musk can rely on the testimony of his damages expert, an economist who says OpenAI could be on the hook for up to...
Startups hoping to go public this year will need plenty of grit to get their shares listed.
A rout in software stocks over fears AI will make their businesses irrelevant had already poured cold water on many startups’ initial public offering plans. Then the Middle East war made companies even more nervous about testing a volatile stock market. What’s more, a looming SpaceX and possibly OpenAI...
Meta’s new foundational model, code-named Avocado, has come up short of competitors’ AI models, prompting the company to delay its release, The New York Times reported Thursday. The company is pushing out Avocado’s rollout, which was supposed to happen this month, to at least May, the report ...