The bill for Google’s AI overspending is yet to come. Google said Wednesday that its second-quarter free cash flow turned negative by $5.9 billion, as the company’s capital spending continues to rise. It’s the first time the company has reported negative free cash flow in decades, according to AlphaSense, a sign of how much money
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,
Support for small and medium-sized businesses has been among Vladimir Putin’s stated priorities, even in times of war, and has been framed as a backbone of resilience in the face of Western sanctions. But the Russian state has failed to protect the sector from the impact of the war and there have been several shocks
Elon Musk’s crusade against Christopher Nolan’s “The Odyssey” has raised eyebrows in Hollywood after the newly minted billionaire promised that before the end of the year, his AI tool Grok “will make a complete The Odyssey movie that is historically accurate and faithful to the art of Homer.” Musk also shared a three-minute clip of
Google’s latest earnings call offered a familiar message: AI is driving growth and also getting more expensive. On Wednesday, Alphabet reported second-quarter revenue of $119.8 billion, up 24% from a year earlier, while Google Cloud posted another successful quarter as businesses rushed to adopt AI. At the same time, executives made clear that the company
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