Category: info1
US government plans to take a 10% stake in Intel
The U.S. government plans to take a 10% stake in Intel, President Donald Trump told reporters Friday. Bloomberg was first to report the news, which pushed the semiconductor chip company’s stock up more than 7%. Trump said Intel has agreed to the proposal. Intel declined to comment. The news comes during a pivotal — and…
The Trump administration’s big Intel investment comes from already awarded grants
Intel officially announced an agreement with President Donald Trump’s administration on Friday afternoon, following Trump’s statement that the government would be taking a 10% stake in the struggling chipmaker. While Intel says the government is making an “$8.9 billion investment in Intel common stock,” the administration does not appear to be committing new funds. Instead,…
Amazon AGI Labs chief defends his reverse acquihire
When Amazon hired the founders of AI startup Adept last year, it was one of the first examples of what became known as a reverse acquihire — a deal where a large company hires key startup team members and licenses its technology, rather than acquiring the startup outright. Adept’s co-founder and former CEO David Luan…
OpenAI warns against SPVs and other ‘unauthorized’ investments
In a new blog post, OpenAI warns against “unauthorized opportunities to gain exposure to OpenAI through a variety of means,” including special purpose vehicles, known as SPVs. “We urge you to be careful if you are contacted by a firm that purports to have access to OpenAI, including through the sale of an SPV interest…
Apple gets ready for AI in the enterprise with new ChatGPT configuration options
As AI technology makes its way into the enterprise, Apple is rolling out new tools that will give businesses more granular control over where and how their employees can tap into artificial intelligence. With the release of Apple’s software updates arriving in September, the tech giant is adding another option for enterprise customers: the ability…
Bluesky blocks service in Mississippi over age assurance law
Social networking startup Bluesky has made the decision to block access to its service in the state of Mississippi, rather than comply with a new age assurance law. In a blog post published on Friday, the company explains that, as a small team, it doesn’t have the resources to make the substantial technical changes this…
Coinbase CEO explains why he fired engineers who didn’t try AI immediately
It’s hard to find programmers these days who aren’t using AI coding assistants in some capacity, especially to write the repetitive, mundane bits. But those who refused to try the tools when Coinbase bought enterprise licenses for GitHub Copilot and Cursor got promptly fired, CEO Brian Armstrong said this week on John Collison’s podcast “Cheeky…
Meta partners with Midjourney on AI image and video models
Meta is partnering with Midjourney to license the startup’s AI image and video generation technology, Meta Chief AI Officer Alexandr Wang announced Friday in a post on Threads. Wang says Meta’s research teams will collaborate with Midjourney to bring its technology into future AI models and products. “To ensure Meta is able to deliver the…
OpenAI lawyers question Meta’s role in Elon Musk’s $97B takeover bid
OpenAI is asking Meta to produce evidence related to any coordinated plans with Elon Musk and xAI to acquire or invest in the ChatGPT-maker. The request was made public in a brief filed Thursday in Elon Musk’s ongoing lawsuit against OpenAI. Lawyers representing OpenAI said they subpoenaed Meta in June for documents related to its…
OpenAI announces New Delhi office as it expands footprint in India
OpenAI has announced plans to open its first office in India, just days after launching a ChatGPT plan tailored for Indian users, as it looks to tap into the country’s rapidly growing AI market. On Friday, the company said it would set up a local team in India and open a corporate office in the…
