TCI cuts Microsoft stake to 1% of portfolio over AI concerns: FT
TCI has reduced its stake in Microsoft to just 1% of its portfolio, driven by concerns over the company’s competitive position in the AI landscape. In a letter to investors,…
Bernstein sets $100 target for IREN after $3.4B Nvidia AI deal
Analysts at Bernstein have set a price target of $100 for IREN following its announcement of a strategic partnership with NVIDIA, which includes a significant $3.4 billion AI cloud contract.…
Siemens AG advances EU push to streamline industrial AI regulations
Siemens AG, along with other European tech companies, has made significant progress in its efforts to reshape artificial intelligence regulations in the European Union, which they argue have hindered their…
AI-driven identity theft leads to fraudulent college applications
A writer recently discovered that someone had fraudulently applied to multiple colleges and secured federal student loans in her name using artificial intelligence techniques. This alarming incident underscores a broader…
Trump administration considers executive action on AI safety ahead of China summit
The Trump administration is poised to shift its approach to artificial intelligence (AI) safety, with discussions of potential executive actions ahead of President Trump’s upcoming trip to China. This change…
OpenAI Codex integrates natively with Chrome for faster app development
OpenAI has announced that Codex now operates natively in Chrome on both macOS and Windows, enhancing the workflow for web app development and testing. This update allows Codex to build,…
OpenAI releases new real-time audio models for voice agents
OpenAI has launched new real-time audio models aimed at enhancing conversational and task-capable voice agents. The release includes three specific models: GPT-Realtime-2 for speech-to-speech reasoning, GPT-Realtime-Translate for streaming language translation,…
CoreWeave revenue more than doubles to $2.0B, shares drop 10% on weak guidance
CoreWeave’s revenue more than doubled in the first quarter, reaching $2.08 billion compared to $981.8 million a year earlier, yet shares fell 10% in extended trading after the AI infrastructure…
EU countries, lawmakers reach provisional deal on AI rules
EU countries and lawmakers have reached a provisional agreement on the AI Act, which notably softens the initial framework set to regulate artificial intelligence in the region. The deal postpones…
Akamai secures $1.8B cloud infrastructure deal over seven years
Akamai announced that a leading U.S.-based frontier model provider has committed $1.8 billion over seven years for its Cloud Infrastructure Services, with CEO Tom Leighton stating that the deal further…