If there’s one thing that AI companies are known for, it’s their fondness for seemingly incomprehensible numbers. Over the last few years, the industry has seen eye-watering salaries, unprecedented adoption figures, and never-before-recorded capital expenditure. Now come total addressable market estimates—known as TAMs—worth roughly 40% of the entire US equity market. AI lab Anthropic, reportedly
Meta Platforms agreed Wednesday to pay up to $17.1 billion to settle a landmark lawsuit brought by 29 states alleging the company deliberately engineered Facebook and Instagram to be addictive to children, marking the largest single settlement in the company’s history and the biggest tech-industry payout ever recorded in a single case. Meta’s press release
Nvidia will officially cap off tech earnings season today after the closing bell. It’s been a tumultuous several weeks for the AI trade and mega-cap tech more broadly, with investors reacting sharply to results on both ends of the spectrum. On one side you had Alphabet and Tesla, which drew investor ire after ramping up
Microsoft is officially announcing a new Xbox feature that will allow Xbox owners to digitize their existing physical game collections. The disc-to-digital feature, which The Verge exclusively revealed last month, is part of work that Microsoft is doing for game preservation and in preparation for the next generation of Xbox consoles. “Most Xbox One and
This as-told-to essay is based on a conversation with Colin Piper, CMO of BuildOps, an AI platform for commercial contractors. Prior to that, he spent more than 10 years at Autodesk, eventually leading a large marketing team for its construction business vertical. The essay has been edited for length and clarity. Autodesk said in a
Bill Gates has been reflecting a lot on AI lately, and the process has triggered a stark awakening. Once a staunch AI optimist, the Microsoft cofounder is now deeply pessimistic about what AI means for our collective future. Having been conspicuously quiet on AI issues recently, Gates is back with a nearly 6,000-word essay seeking
