Tesla is Behind on Elon Musk’s Robot Goals
Musk has increasingly hyped Optimus, along with Tesla’s nascent robotaxi service, as the future of the company.
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Intel CEO Says ‘No More Blank Checks’ For Contract Chip Business
Four months into his tenure as Intel CEO, Lip-Bu Tan is putting his own stamp on the company and promoting a range of dramatic cost-cutting measures.
Ellisons Move a Step Closer to Controlling Paramount After FCC Approves Deal
Larry Ellison's son David is buying the entertainment firm for a total cost of about $8 billion.
The NFL in Talks to Take 10% Stake in ESPN
A deal would strengthen the relationship between ESPN and the NFL, particularly as the league considers opting out of its current media rights contracts.
Benchmark General Partner Victor Lazarte to Start His Own Fund
He joined two years ago after co-founding his own gaming company, also backed by Benchmark.
SpaceX’s Starlink Suffers Global Outage
Starlink’s X account said Thursday that service is “currently in a network outage and we are actively implementing a solution.
Microsoft CEO: Recent Layoffs Are Part of ‘Enigma of Success’
CEO Satya Nadella said the job cuts are happening as Microsoft is spending more on data centers and chips “than ever before.”
OpenAI’s Data Center Developer Seeks $1 Billion, Projects Rapid Growth
Crusoe was valued at $2.8 billion in a round led by Founders Fund last year.
ServiceNow Shares Jump 7% as AI Deals Grow Larger
The results suggest that corporate AI software spending is remaining steady despite economic uncertainty and international trade tensions.
Walmart Hires Instacart Executive to Oversee AI Initiatives
Daniel Danker was previously Instacart’s chief product officer and head of its online grocery business.
Tesla Reports Steep Profit and Revenue Declines
Tesla said it had started its “first builds” of a long-awaited “more affordable model” in June, but gave few details.
Alphabet Raises Capex Estimate to $85 Billion as Cloud Profits Grow
Cloud’s profit margin also rose meaningfully, to 20.7%, compared with 11% a year earlier although it has been rising steadily through the past year.
Hacker Tweaks Amazon’s AI Coding Tool to Erase Customers’ Data
Amazon Web Services says it has fixed an issue brought to light after a hacker recently compromised its AI coding tool, but some questions remain.
White House Releases AI Action Plan
President Trump is also due to sign a series of AI executive orders Wednesday.
Tom Conrad Becomes Permanent Sonos CEO
The internet-connected speaker maker appointed Conrad interim CEO in January.
Amazon Shuts Down Shanghai AI Lab
Amazon's decision to shut down the seven-year-old lab in China reflects the deepening geopolitical rift between Washington and Beijing.
Alibaba Launches Open-Source AI Coding Model
Chinese companies are ramping up their efforts to launch better coding models and tools as competition heats up in the AI coding market.
Amazon Buys Bee AI Wearable Startup
Bee makes $50 watches that listen to daily conversations.
Snap Head of Revenue Product Announces Departure
Darshan Kantak's departure comes two weeks before Snap is scheduled to report second quarter earnings, when its ad sales performance will be in the spotlight.
Musk’s xAI taps Valor for $12 billion to purchase AI chips
Private credit firms are getting comfortable lending money to companies purchasing AI chips
Weekday mornings
The Information AM by The Information Staff
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