Stop me if you’ve heard this before: An AI-linked company crushed earnings forecasts, but investors weren’t impressed and the stock sank anyway. It turns out that the market was more focused on the company’s extravagant spending plans. A tough shot, right? Well, it’s been happening with some regularity, including twice this month. Taiwanese chipmaker TSMC
While the rest of the AI industry is quick to label its work as “AGI” or “superintelligence,” Alexandre LeBrun, CEO of AMI Labs, Yann LeCun’s global model startup, avoids the terms altogether. Lebrun said in an interview with TechCrunch that the company doesn’t use terms like “AGI” or “superintelligence” at all. “We never used the
Global stocks fell on Friday as investors soured on technology stocks and worried about a new surge in energy prices. AI companies have reported stellar profit growth in recent days, but they have also committed to spending hundreds of billions on building AI infrastructure, leading some investors to question whether they will ever see a
Sheryl Sandberg has led a $10 million investment in Self Inspection, a San Diego-based startup that is also backed by former Tesla CEO Jon McNeill’s DVx Ventures. The startup, founded in 2021, has spent the last few years trying to disrupt the vehicle inspection process by making it possible to properly assess damage to a
Garbage removal is, at its core, a simple business model with a relatively simple startup plan. When Kirk McKinney decided to start his own junk removal business as a teenager, he already had an idea of the industry. After discovering a landfill near his home in Massachusetts, he began collecting discarded speakers, electronics, weights and
You may have heard that OpenAI launched its first piece of hardware this week: a $230 mini keyboard. You may not have heard that, along with this “command center for agency work,” OpenAI also launched a ChatGPT basketball. “This basketball comes from the Pause. Play. Prompt. campaign, a physical reminder that creativity doesn’t just live
