White House Asks OpenAI to Delay Next Model as Safety Review Proceeds
The White House on June 25 formally asked OpenAI to postpone the release of its next large language model, citing safety and national security concerns, according to multiple reports. TechCrunch…
Adobe Buys Topaz Labs, Adding AI Video Tools to Creative Suite
Adobe said Thursday it has acquired Topaz Labs, the maker of AI-powered tools that sharpen, upscale, and repair images and video, in a deal whose terms were not disclosed. The…
Microsoft Shares Slip as AI Spending Pressures Cloud Margins
Microsoft’s stock fell again Thursday, extending a slide driven by investor unease over the company’s record spending on artificial intelligence infrastructure and what it means for the profitability of its…
Patronus AI Raises $50 Million to Stress-Test AI Agents
Patronus AI said Thursday it has closed a $50 million Series B round, money the startup will use to build simulated digital worlds where AI agents can be pushed to…
General Intuition Raises $320 Million to Train AI Agents in Video Games
General Intuition said Thursday it has raised $320 million at a valuation of $2.3 billion, a vote of confidence in its unusual thesis: that video games, not real-world data, are…
Nvidia Shares Slip Below $200 as Competition Fears Spread
Nvidia’s stock has fallen below the $200 mark, according to a Barron’s report from earlier this week, as investors weigh a competitive picture that has grown more crowded than at…
Qualcomm’s AI Chip Wins Microsoft and Meta as Customers
Qualcomm’s stock has held near recent highs as investors digest the company’s announcement that Microsoft and Meta will adopt its latest AI chip, a deal that positions the mobile-chip maker…
Meta Tests AI Assistant for Facebook Creators
Meta has begun testing an AI assistant built for Facebook creators, according to MediaPost, a tool that can generate content ideas, analyze follower engagement and suggest posting strategies. The test…
NVIDIA Vows to Return at Least Half Its Free Cash Flow to Shareholders
SANTA CLARA, Calif.—Jensen Huang had a message for the shareholders who gathered for NVIDIA’s annual meeting on June 24: the chip maker plans to hand back half or more of…
SK Hynix Plans $29 Billion U.S. Share Sale; Stock Jumps 15%
SEOUL—SK Hynix shares jumped 15% in a single session on June 24 after the memory maker said it plans to raise 45.45 trillion won, about $29.4 billion, by selling depositary…
