Alphabet’s AI Chip Business Boosts Growth but Pressures Cash Flow
Alphabet is generating billions of dollars from sales of its in-house artificial intelligence (AI) chips, known as tensor processing units (TPUs), which were initially developed for internal use. However, meeting surging demand requires substantial...
SK Hynix Profit Surges Sevenfold, Announces $75 Billion Shareholder Return
South Korean chipmaker SK Hynix announced plans to return approximately $75 billion to shareholders this year after reporting a more than sevenfold increase in quarterly operating profit, driven by surging demand for artificial intelligence...
Noyb Files Complaints Against Scale AI Over Alleged Worker Surveillance
European digital privacy advocacy group Noyb has filed five complaints against Scale AI in France, Italy, the Netherlands and Austria, alleging that its freelance work platform, Outlier, illegally monitors workers who generate training data...
Verizon Raises Annual Forecasts, Signs $2 Billion AI Deal with AWS
Verizon has raised its annual forecast for wireless subscriber additions after reporting stronger-than-expected customer growth in the third quarter, while signing an artificial intelligence infrastructure deal worth more than $2 billion with Amazon Web...
Meta Plans $95 Billion Fundraising Drive to Fuel AI Expansion
Meta Platforms has announced plans to raise up to $95 billion through its largest-ever equity fundraising initiative as the Facebook parent accelerates investments in artificial intelligence infrastructure. The company has launched public offerings worth...
US Economic Growth Gets Boost from AI Investment, but Long-Term Gains Remain Uncertain
US President Donald Trump’s promise of a new golden age for the American economy remains uncertain, as economic growth continues at a moderate pace despite sweeping policy changes. The administration expects tariffs, tax cuts,...
Global Cybersecurity Alert as PHP Flaws Trigger Millions of Hacking Attempts
Global companies and governments rushed to patch critical vulnerabilities in PHP, a programming language widely used to power websites, after the flaws triggered millions of hacking attempts. Discovered using artificial intelligence (AI), the vulnerabilities...
OpenAI Expands ChatGPT Ads to 89 Countries to Boost Revenue
OpenAI announced on Wednesday that it is expanding advertising on ChatGPT to 26 additional countries, bringing the total number of markets to 89. The move comes as the artificial intelligence company strengthens its advertising...
Tenstorrent Raises $1.5 Billion, Valuation Surges to $6.2 Billion
AI chip startup Tenstorrent has raised $1.5 billion in a late-stage funding round, valuing the company at $6.2 billion post-money. Announced on Monday, the funding more than doubles its valuation from December 2024, when...
SpaceX and Tesla Earnings Put Musk’s AI Spending and Merger Speculation in Focus
SpaceX and Tesla are set to report their third-quarter results on consecutive days this week, offering investors a rare opportunity to compare the financial performance of Elon Musk’s two most valuable companies as merger...