Google Reshuffles AI Leadership as Hassabis Steps Back
Google on Tuesday reshuffled the leadership of its artificial-intelligence operations, elevating Demis Hassabis to a broader role at Alphabet while handing day-to-day control of Google DeepMind to his longtime deputy,…
Palantir’s Revenue Jumps 93% as AI Demand Accelerates
Palantir Technologies shares rose as much as 16% in pre-market trading Wednesday, extending a 29% surge from the previous session after the company reported its fastest revenue growth on record…
Anthropic Pushes Toward IPO as Early as October
The banks running Anthropic’s planned listing have begun arranging meetings between the company’s executives and potential investors, according to people familiar with the matter, a sign that the maker of…
For AI Stocks, Beating Estimates No Longer Enough
Palantir’s shares jumped 29% on Tuesday, a day after the software company reported quarterly revenue up 93% and raised its full-year forecast by $500 million. Hours earlier, AMD had reported…
Tech ETFs Drew $19 Billion in July Even as Chip Stocks Tumbled
On the last Friday of July, the joke on Wall Street trading desks was that the market had decided to sell its semiconductors and buy ketchup. The Nasdaq Composite had…
Jeff Dean Leaves Google to Found Discovery Loop
Google’s shares fell 4% on Tuesday, wiping out about $186 billion in market value, after the company said Jeff Dean, the engineer who helped build its artificial-intelligence program, would leave…
Zeiss Says EUV Optics Can Keep Pace With AI Demand
In Oberkochen, a town of about 8,000 in southwestern Germany, Zeiss is making room. The company’s semiconductor unit said last month that it had rebuilt part of its headquarters site…
Sequoia’s $1 Billion Nuclear Bet
Valar Atomics raised $1 billion in a Series B round led by Sequoia Capital, tripling its valuation to $6 billion from $2 billion, according to Axios. The startup builds modular…
Airtable’s Discounted Exit
Bending Spoons, the Italian app developer, agreed to buy Airtable for about $1.285 billion in cash, the companies said — its first acquisition since going public, and one of the…
Brussels Reaches Into Broadcom’s Files
The European Union’s General Court rejected Broadcom’s request to suspend its cooperation with an EU antitrust investigation, a ruling that clears the way for the chip maker to hand over…
