AI chip startup Groq confirmed Wednesday that it raised a fresh $750 million in funding at a post-money valuation of $6.9 billion. This topped the rumored numbers when word leaked in July that Groq was raising. At that time, reports suggested that the raise would be about $600 million, at near a $6 billion valuation. […]
At Meta Connect 2025 on Wednesday, the company unveiled its new Oakley Meta Vanguard smart glasses that are geared toward runners, cyclists, and other athletes. The glasses retail for $499 and are launching on October 21. Meta Connect is the social networking giant’s biggest conference of the year, where it unveils smart glasses and VR […]
JACKSONVILLE — In a move to decarbonize freight transportation, Uber Freight has launched its Dedicated EV Fleet Accelerator Program, aimed at driving electric truck adoption through a strategic partnership with automaker Tesla. Uber Freight founder and chairman Lior Ron announced the Tesla partnership on Tuesday during Deliver 2025, the company’s annual summit held this year in Jacksonville, Florida. […]
Shares of chipmakers rose on Tuesday as the group posted its longest winning streak in almost eight years. The Philadelphia Stock Exchange Semiconductor Index rose 0.3% in its ninth straight positive session, its longest such streak since 2017. The gauge has jumped 8.7% over the period and is now up 22% this year, beating the […]
Tesla (TSLA) stock rose more than 3% on Monday, wiping out its year-to-date losses after CEO Elon Musk purchased shares of the EV maker for the first time since 2020. Tesla disclosed that Musk purchased 2.6 million shares on Friday, worth roughly $1 billion. Investors saw the move as a strong vote of confidence in […]
The US and China have a framework for a deal for TikTok. On Monday, President Trump alluded to the move via a post on Truth Social, saying that the countries had reached an deal for a “‘certain’ company that young people our Country very much wanted to be saved.” Treasury Secretary Scott Bessent confirmed that […]
Bret Taylor, board chair at OpenAI and CEO of AI agent startup Sierra, was asked in a recent interview with The Verge whether he agreed with OpenAI CEO Sam Altman’s declaration that “someone is going to lose a phenomenal amount of money in AI.” Taylor echoed Altman’s sentiments, suggesting that we are indeed in an […]
The thing Tesla (TSLA) is selling hardest these days is the idea that Elon Musk needs to be paid more. And the woman handed that sales job—again—is Robyn Denholm, the chair of the electric carmaker. She has already begun a campaign ahead of the Nov. 6 shareholder vote on what could be a $1 trillion […]
Netflix (NASDAQ: NFLX) has come a long way from its DVD-by-mail days. Today, it’s the world’s largest streaming platform with over 300 million global subscribers and a proven ability to reinvent itself. The company’s crackdown on password sharing, expansion into advertising, and disciplined content strategy have all helped reignite growth over the past two years. […]
Advances in artificial intelligence (AI) have the power to create huge opportunities for some businesses, while completely disrupting others. A company that can’t adapt to the changing environment stands to fall behind or see its products or services made obsolete by tech-driven alternatives. Leopold Aschenbrenner, a former OpenAI researcher turned AI influencer, aims to use […]
(Reuters) -Robby Walker, one of Apple (AAPL)’s most senior artificial intelligence executives, is leaving the company, Bloomberg News reported on Friday, citing people with knowledge of the matter. Walker’s exit comes as Apple’s cautious approach to AI has fueled concerns it is sitting out what could be the industry’s biggest growth wave in decades. The […]
When Salesforce recently rolled out an AI agent on its website, the agent started to hallucinate and wasn’t giving consistent results. Salesforce ended up temporarily turning it off, Shibani Ahuja, senior vice president of enterprise IT strategy, said during a roundtable discussion at Fortune’s Brainstorm Tech conference in Park City, Utah. But the agent, it […]
