A look at Chinese state-owned investment bank CICC, which sponsored multibillion-dollar listings of China's tech champions, including CXMT and Zhongji Innolight — CICC has become a dominant financier in Beijing's drive to compete with US in tech race — China's top investment bank …
As PC makers start using CXMT RAM chips, Apple is testing them too, but it needs a custom version for its devices, and US rules block Apple from sharing designs — Maker of iPhones talks to China's CXMT, but any deal would be politically sensitive — Apple has been testing memory chips …
In-depth look at OpenAI's model training, dangerous decisions, and cluelessness before the HuggingFace hack; despite delaying Astra, OpenAI still doesn't get it — Today I am taking the time to write the shorter, simpler version of What Happened. — For those who want all the details …
A look back at “Move 37”, a watershed AI moment from AlphaGo's 2016 Go victory, as math witnesses similar breakthroughs where AI makes surprising discoveries — A decade ago, a computer did something that no human would have done. It was considered a breakthrough for AI.
A profile of Russia's A7, a payment network that helps Russia bypass Western sanctions, handling ~20% of payments in Russian foreign trade, or $100B+ annually — A7 says it handles nearly 20% of payments in Russian foreign trade, or more than $100 billion annually
Amazon is backing a 7.65 GW gas plant for an off-grid TX AI data center, potentially the largest single US emissions source, at odds with its 2040 net-zero goal — The tech giant is investing in the natural-gas-burning power plant as part of a huge data center in Texas, even as it pledges to honor climate commitments.
South Korea's AI-driven chip industry boom is reordering the country's society, changing expectations around fairness, careers, and even culture and dating — Factory workers with $400,000-plus bonuses are supplanting doctors and lawyers as the new elite, while investors play a casino-like stock market.
How Amazon and Gilroy, California, quietly negotiated a $2B data center project that AWS applied to build in 2020, without any public meetings or votes — Company and Gilroy, Calif., spent years quietly negotiating $2 billion project that few residents knew about until work began
Analysis: Google DeepMind has lost frontier-model momentum amid leadership and RL talent departures, with Google Cloud emerging as a winner with more compute — GCP YoY rev growth >100%, DeepMind's long term failure is Google Cloud's short term gain — On Wednesday, August 5th …
Nintendo reports Q1 revenue down 10% YoY to ~$3.3B, above $2.8B est., net income of ~$933M, above ~$495M est., and Switch 2 sales down 34.4% YoY to 3.82M — Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Uber and Wayve say Wayve received London private hire vehicle licenses for supervised robotaxis ahead of a full rollout; Waymo plans to offer robotaxis in 2026 — Uber Technologies Inc. and UK startup Wayve Technologies Ltd. are preparing to launch their robotaxi service in London with a safety driver …
Sources: Beijing is growing concerned about the cyber capabilities of Mythos and other US-developed frontier AI models and their potential as offensive weapons — China is growing anxious that Anthropic PBC's Mythos could be wielded against the world's second-biggest economy …
YouTuber Hank Green faces online criticism after using ChatGPT to help research a script, and says his LLM usage “is not healthy for me or good for the world” — Hank Green, a novelist, comedian, and YouTuber with 3.2 million subscribers, recently apologized to his audience for his growing reliance on AI chatbots.
London-based AI chip startup Olix raised $312M led by Fundomo, with participation from Arm, at a $3.3B valuation, up from $1B+ after raising $220M in February — British entrepreneur behind Olix raises $312mn from investors including Arm in effort to take on Nvidia
Researchers used AI-assisted code to undetectably tamper with data from computerized scans of physical DNA evidence produced by widely used crime-lab machines — Researchers found that widely used lab machines produced digital DNA files that are vulnerable to tampering
Financial Times : Sources: the UK FCA is consulting industry participants, including major banks, on a regulatory framework for tokenized...
