Travis Kalanick’s robotics company Atoms has raised $1.7 billion in a funding round led by Andreessen Horowitz. Ben Horowitz will join the company’s board of directors following the investment. Bain Capital, Fifth Wall and others participated in the round. Perhaps most notably, Uber also joined the funding round, reconnecting Kalanick with the company he founded,
On Tuesday, OpenAI revealed that one of its models went rogue during a test and hacked the systems of AI dataset platform Hugging Face in a fully AI-enabled attack, a dramatic example of the dangers posed by advanced AI models. But, according to some cybersecurity experts, at the center of this unprecedented AI-driven breach was
A day after Snap reached a tentative settlement with the plaintiff in a social media addiction lawsuit, leaving Meta as the only remaining defendant, the case was dropped. In a statement, Meta said the plaintiff decided to drop his case against Meta without receiving any payment. TikTok and Google’s YouTube had previously reached settlement agreements
On Wednesday, IBM officially reported its earnings and the news was as bad as everyone knew it would be. While the 115-year-old company still generates large amounts of cash ($17.2 billion in revenue, $9.9 billion in gross profit, nearly 58% margins and $2.2 billion in net profit for the quarter), its results fell well short
Alphabet investors have publicly worried that the company’s huge AI spending isn’t worth it. With the company’s latest earnings report, those investors should be able to relax a bit. The bottom line: Google’s cloud business, driven largely by the adoption of enterprise AI, is booming. The search giant saw Google Cloud revenue increase 82% from
US Treasury Secretary Scott Bessent doubled down on his warnings to Chinese AI companies on Wednesday, saying sanctions remain on the table after a White House official accused Moonshot of improperly distilling Anthropic’s Fable model. Model distillation is a common AI training technique in which a smaller model learns from the results of a larger
