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South Korea’s stock market crash quickly took the shine off one of this year’s biggest AI success stories: the rise of Samsung Electronics and SK Hynix to the trillion-dollar club. Buoyed by the global artificial intelligence boom, both memory chip giants crossed the $1 trillion market capitalization threshold in May, as investors flocked to companies
Ukrainian attack drones flying hundreds of miles into Russian territory have been attacking oil refineries, military sites and now the country’s largest e-commerce warehouses. At least 10 facilities run by Russia’s largest online retail company, Wildberries, have been attacked by long-range drones in the past two weeks. Fixed-wing drones have been attacking the retail giant’s
It has never been easier to take on the big boys, says Alexandr Wang. Speaking at a Y Combinator event, the founder of Scale AI, who now runs Meta’s superintelligence labs, said AI has been a game-changer for startups. “It’s probably a once-in-a-civilization opportunity to be a dreamer and have a vision and ambition and
If you can’t seem to get out of your Instagram scroll, it’s no accident. During Meta’s second-quarter earnings call on Wednesday, CEO Mark Zuckerberg said global time Spending on Instagram grew by double digits year-over-year this quarter, “largely driven by improvements to our Reels feed and recommendations.” “Our recommendations are also becoming more personalized, showing
Whatnot is proving that there is still room for consumer startups in the age of AI. Live shopping startup Whatnot is in talks to raise financing at a valuation of about $20 billion, according to people familiar with the matter. This would be a significant jump from the $11.5 billion valuation at which the company
