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
While the rest of the AI industry is quick to label its work as “AGI” or “superintelligence,” Alexandre LeBrun, CEO of AMI Labs, Yann LeCun’s global model startup, avoids the terms altogether. Lebrun said in an interview with TechCrunch that the company doesn’t use terms like “AGI” or “superintelligence” at all. “We never used the
The Philippines has condemned the “dehumanizing and racist” depiction of the country as a timid monkey being forced to confront Beijing by the United States and Japan. over the South China Sea. Last week, China Daily published an AI-generated video featuring a monkey wearing a Filipino t-shirt. He screams as arms carrying the Japanese and
The World Cricketers’ Association says it is “concerned” about how the 2027 men’s 50-over World Cup will be structured. It warned that the format, which eliminates two of the three lowest-ranked teams early, raises “questions about transparency, consultation and the game’s long-term commitment to global growth.” The main part of the tournament, which starts with
Pearl Studio’s animated comedy “All Wishes Come True!” will expand to international markets this summer after debuting in China on July 24. Australia, New Zealand and Papua New Guinea will receive the film first, on August 13, followed by the United States, Canada, the United Kingdom, Ireland and the Netherlands on August 14. Belgium and
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
