Block Cuts Workforce by 40% in AI Bet
Block co-founder Jack Dorsey said his payments company plans to lay off 40% of its staff as it believes artificial intelligence tools can help a smaller workforce “do more and do it better.” In a ...
Meta’s Internal Chip Design Efforts Hit Roadblocks
As Meta Platforms strikes new chip supply deals with AMD and Nvidia, it has been running into problems with AI chips it is designing internally, according to six people with direct knowledge of the ma...
U.S. Regulator Proposes Tightening Stablecoin Yield Ban
The Office of the Comptroller of the Currency, which is set to regulate stablecoin issuers such as Circle, Paxos and Stripe’s Bridge, proposed rules that would ban crypto platforms from passing alon...
Thrive Capital’s Later Funds Outperform Early Vehicles
Thrive Capital, which last week announced that it had raised $10 billion in new funds, has returned cash at an above average rate to investors in later funds, while its earlier funds underperformed. A...
Netflix Drops Out of Bidding for WBD
Netflix dropped out of the bidding for Warner Bros. Discovery, after the board of the entertainment firm concluded that Paramount Skydance’s takeover bid was “superior” to an existing deal it...
A Robot Data Startup Raises $60 Million
Companies developing AI models to power humanoid and other robots have been hard at work collecting videos and other data for training their models, even paying people to record themselves completing ...
Alphabet and Other Big Tech Could Borrow Hundreds of Billions Each
Amazon, Alphabet and Meta Platforms in recent months have each turned to the bond markets to raise tens of billions of dollars for their massive investments in AI data centers. And all three are likel...
DeepSeek Excludes Nvidia, AMD From Early Access to New Model
DeepSeek didn’t give Nvidia or Advanced Micro Devices early access to its upcoming flagship AI model for performance optimization, Reuters reported, citing two people familiar with the matter. DeepS...
Amazon’s OpenAI Investment Could Link Funding to IPO or AGI
As Amazon weighs a major equity investment in OpenAI, the ultimate size of its commitment could hinge on whether OpenAI goes public or achieves a loosely defined milestone known as artificial general ...
