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Apple to Renew Push for AI That Runs on Devices, Instead of the CloudExclusive

Apple to Renew Push for AI That Runs on Devices, Instead of the Cloud

At Apple’s annual developer conference next month, the star of the show will be a series of long-delayed artificial intelligence upgrades to the iPhone. But the company is also expected to emphasize what could be an underrated asset in its efforts to catch up in AI: Its ability to run AI models on the billions of Apple devices in circulation. People familiar with the company’s plans for its Worldwide Developers Conference say that Apple is likely to showcase how the company’s 15 years of...

Meta Launches Paid AI Chatbot Subscriptions

The company is rolling out tiered paid subscriptions for its AI chatbot across Facebook, Instagram, and WhatsApp.

Google Employee Charged For Alleged Polymarket Bets

Federal prosecutors charged a Google employee with using confidential information to win $1.2 million betting on Polymarket.

Snowflake Shares Jump 35% as AI Product Adoption Grows 

Investors seem to believe that Snowflake is well-positioned to ride out the SaaSpocalypse and become the go-to provider for customers to build AI applications.

Snowflake Inks $6 Billion Deal with AWS Tied to Graviton Chips

CPUs like Graviton are becoming increasingly important for AI workloads

Salesforce Stock Dips as Software Firm Lowers Cash Flow Forecast

Salesforce said its lower projection for operating cash flow growth was due to its recent $25 billion debt issuance.

Crypto-Friendly United Texas Bank Switches Regulator to OCC

The bank, which has become a key bank for overseas crypto exchanges, says it successfully converted its charter despite being under a consent order.

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Coding Startup Cognition Raises $1 Billion at a $26 Billion Valuation

General Catalyst, Lux Capital and 8VC co-led the round, with participation from Atreides Management, Founders Fund and Ribbit Capital, the company said.

OpenAI Foundation to Spend $250 Million on AI Economic Impact

The company’s charitable arm was separated from OpenAI’s for-profit business last fall as part of a restructuring.

Amazon Launches Service to Put AI Shopping Assistants on Other Retailers’ Sites

Amazon is letting other retailers build their own “Alexa for Shopping” assistants via AWS

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Kuaishou’s Kling AI Video Unit Reaches $500 Million in Annualized Revenue

Kuaishou is in talks to raise money for Kling, paving the way for the AI unit’s future listing.

ByteDance Mulls $70 Billion Capex This Year as AI Costs Grow

The Chinese tech giant’s capex boost reflects the surging costs of compute in the AI industry worldwide.

SpaceX’s Starlink Coming to Half of American Airlines Main Fleet

The deal will offer in-flight wifi on approximately 500 narrowbody Airbus planes, but does not include the American’s roughly 500 Boeing craft.

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