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Jeff Bezos in Raising $100 Billion for AI Manufacturing Fund
Jeff Bezos is in talks to raise a $100 billion fund to buy manufacturing companies and implement AI to speed up their automation, The Wall Street Journal reported Thursday. The fund will aim to purcha...

Amazon Acquires Robotics Startup, Boosting Efforts to Streamline Deliveries
Amazon has acquired autonomous robotics startup Rivr, an Amazon spokesperson confirmed, a deal that could help the commerce and logistics giant deliver packages to shoppers’ doors more efficiently. ...

Crypto.com Cut 12% of Workforce, Citing AI
Crypto.com, a digital-asset exchange headquartered in Singapore, reduced its workforce by about 12%, joining the list of companies using artificial intelligence to drive efficiencies across its busine...

Cohesity CIO Shows How AI Can Eat Into Revenues of ServiceNow, Splunk
The debate over whether AI might replace traditional enterprise apps such as Salesforce, ServiceNow, SAP, and Workday often ignores a more likely near-term scenario: that AI will stop some customers i...

Meta to Cut Back on Third-Party Moderators, Rely More on AI
Meta Platforms is scaling back on its use of third-party vendors for content moderation in favor of artificial intelligence systems, the company announced Thursday. The parent company of Facebook, Ins...

Early Anthropic Investor Develops a ‘Grid’ for AI Servers
Anjney Midha, the former Andreessen Horowitz general partner and early personal investor in Anthropic, is finally ready to talk about his highly anticipated AI infrastructure venture, for which he was...

Alibaba Aims for $100 Billion Cloud and AI Sales Within Five Years
Alibaba Group CEO Eddie Wu said Thursday that the Chinese tech giant aims to generate more than $100 billion in annual cloud computing and AI revenue within the next five years. In the 11 months throu...

Meet Giga, a AI Data Center Developer That Has Barely Raised Capital
Startups developing data centers to power AI are among the most capital-hungry businesses around right now. Many are raising billions of dollars in equity and debt to build complicated facilities.Ther...

Uber to Invest Up to $1.25 Billion in Rivian
Uber said it would invest up to $1.25 billion in electric vehicle maker Rivian over the next five years, and it will buy thousands of Rivian robotaxis. The announcement adds Rivian to a range of self...

Why Canva Was Smart to Hold Off on an IPO
A couple of years ago, design software firm Canva was one of the hot startups to watch, on everyone’s list of IPO candidates. But it sat out last year’s IPO class and now finds itself in an awkwar...