OpenAI just gave software stocks a beating with its latest push into enterprise work. After the company on Wednesday unveiled a new product aimed at making AI agents more effective for customers, software stocks like Workday, Atlassian and HubSpot plunged. The product, called Presence, increases OpenAI’s competition with established software providers. As first reported by
Mobileye founder and CEO Amnon Shashua plans to step down from the top leadership role after nearly three decades, just as the company moves toward robotaxis and humanoid robots. Shashua will remain CEO until Mobileye hires a replacement, according to a regulatory filing Thursday. Mobileye began manufacturing computer vision chips based on Shashua’s academic research
Patreon is laying off 20% of its workforce, or 93 people, CEO Jack Conte told employees Thursday. In a memo to staff that the company shared online, Conte said Patreon’s core business is strong, but the platform has to respond to market changes and adjust its cost structure to remain stable, which is why it
Patreon, a platform for creators that pays for their content, is laying off staff. In a publicly shared note addressed to Patreon content creators, CEO Jack Conte announced that the creator economy startup is laying off 93 employees, roughly 20% of its workforce. Conte said in the memo to employees that “the market in which
Chipmaker AMD is taking aim at competitor Nvidia with its latest hardware release: a rack-scale system designed to meet the computing needs of the world’s largest artificial intelligence labs. At the company’s sold-out Advancing AI conference in San Francisco on Thursday, AMD President and CEO Dr. Lisa Su promoted the new AI rack system known
Two of the holiday season’s biggest releases, “Dune: Part 3” and “Avengers: Doomsday,” are on a collision course of “Barbenheimer”-like proportions on Dec. 18, but IMAX CEO Rich Gelfond believes “Dune” already has the advantage. The third installment of Denis Villeneuve’s series has already secured IMAX and 70mm IMAX screens for opening weekend, leaving Marvel’s
