Tech companies, products and AI
Artificial intelligence startup Baseten is set to raise new funding that would more than double its valuation to about $30 billion, according to people familiar with the efforts.
S&P Global Ratings lowered the outlook on Meta Platforms Inc.’s AA- credit rating to negative on Friday, citing growing pressure on the tech company’s balance sheet stemming from elevated spending tied to artificial intelligence.
Intel is being hurt by PC sales as the AI industry gobbles memory and other components causing PC prices to rise.
Blackstone's forecast is just a prediction, but naturally, a high junk rating would make it more difficult and costlier for Anthropic to raise the money to keep funding its massive spending that has undergirded its business.
EXCLUSIVE: A security researcher discovered the hardcoded credential in Applebee's app, allowing unrestricted access to customers' personal data.
FuelCell Energy President and CEO Jason Few discusses public concerns over higher utility bills, water use and fossil-fuel infrastructure. Discussing a proposed project in Newport Township, Pennsylvania, where FuelCell Energy would supply power but is not the developer, Few said communities should have a say and projects should be judged on their actual effects—not rejected simply because they are data centers. He speaks with Romaine Bostick & Kristine Aquino on "The Close." (Source: Bloomberg)
Boom’s airliner may be delayed, and its data center power business lost a customer.
Shares of Opay Ltd., a Nigeria-focused payments platform, didn’t begin trading in New York as expected after the company raised $304 million in a US initial public offering priced at the bottom of the range.
Plus, Binance executives are racing to cover billions in losses from the biggest crypto heist in history, and Ukraine struck a Russian oil refinery.
Find insight on Intel, Amazon and more in the latest Market Talks covering technology, media and telecom.
Jacob Thaysen says Illumina delivered a strong third quarter, beat expectations and raised its fourth-quarter outlook. He said the company has moved from essentially flat performance to mid-single-digit growth over the past 18 months and remains committed to its high-single-digit growth target for 2027, with clinical business serving as the main growth driver. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)
No Halloween costume? Just be a deceptively cute AI agent icon, a PHP vulnerability, or sleepy time Bryan Johnson.
This week on Uncanny Valley, we also discuss Anthropic’s IPO filing and the volunteers gearing up to counter ICE at the midterms.
Big Tech is pouring billions into AI infrastructure, but mounting debt, negative cash flow, and growing investor skepticism are raising questions about the sustainability of the AI spending boom.
It's still unknown how attackers got access to Anthropic's verified Cursor account.
On this episode of the Power On podcast, Chris Welch joins Mark Gurman to unpack reports of cracked displays and why Apple’s limited supply has made getting a replacement so difficult. (Source: Bloomberg)
Akai teased its new MPC Sample Key on Instagram earlier this week, and said it plans to open-source its software so the modding community can hack it to their hearts' delight. While there's no word yet on when the device will launch or how much it will cost, The Verge has received exclusive images of […]
Asked about supply chain shortages, like the ongoing RAM shortage, OpenAI CEO Sam Altman said in an interview that it's "terrible" to have RAM in personal PCs instead of data centers. During his appearance on the Cheeky Pint podcast, where he also commented on AI's impact on math, Altman said: "A lot of people want […]
People who love AI don't always love telling others they used it.
Thanks to a lucky break, flawed code in a tainted Claude extension prevented the attacker from fully worming their way into some 5,000 developer machines.
