Cure cancer with AI, and the doubters will understand the hype. That may be Silicon Valley’s standard pitch, but Sam Altman says it is not ambitious enough. Speaking to Bloomberg Television on Thursday, the OpenAI CEO said that the tech industry has done a “terrible job” making the positive case for AI, as public trust
Good morning. Nvidia will pay $12.93 billion for Hugging Face, which is generating roughly $150 million in annualized revenue. At about 86 times revenue, the price makes clear that Nvidia values Hugging Face less for the business it is today than for the strategic position it occupies at the center of open-source AI. The chipmaker
Adtech company The Trade Desk is downsizing. In a note late Thursday, The Trade Desk CEO Jeff Green informed staff it was laying off 15% of its head count. In the announcement, which was also published on The Trade Desk’s news site, The Current, Green said the aim was to restructure the company into “smaller
Despite promises that AI could prove to be society’s great equalizer, Gregory Daco, the EY-Parthenon chief economist, argues that “productivity growth protects margins, not income.” “You tend to have greater concentration and more of a winner-takes-all type of environment when you have these technological advances,” Daco said in an interview with Fortune’s Eva Roytburg. In
In my 30s, my self-worth was still so connected to how much I could accomplish in a day that I named my business “do communications.” Then one night, as I sat reading my 2-year-old daughter a bedtime story while 24 weeks pregnant, I started spotting and cramping. When I called my obstetrician, she advised me
The AI productivity boom will soon make America richer, say the two leaders of the American economy—Treasury Secretary Scott Bessent and Federal Reserve Chairman Kevin Warsh—so much so that it’ll be deflationary; and enough that we can forgo worrying about our $40 trillion debt even. But analysts are starting to wonder: richer for whom? Workers’
