A new artificial intelligence model from Chinese startup Moonshot AI is making waves in Silicon Valley and intensifying the global AI race. Kimi K3, unveiled Thursday, is an open-weight model that Moonshot AI says rivals some of the best systems from OpenAI and Anthropic, at a lower cost. The company plans to release weights for
Mark Cuban says one of the best ways to address income inequality is to give workers a stake in the companies they help build. In an episode of Unmoderated News’ “What It Takes” podcast released Thursday, the billionaire businessman said every employee, from the CEO to the janitor, should receive stock in the company. He
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
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
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
The average life expectancy of a Russian soldier going into battle in Ukraine is 20 to 30 minutes, Central Intelligence Agency Director John Ratcliffe said Wednesday. Ratcliffe spoke at the Pennsylvania Defense and Innovation Summit, where he blamed the deadly conditions on Ukraine’s combat drones equipped with artificial intelligence. “What I would say is that
