Author: Agency Staff

Alphabet is taking on OpenAI with a gusto that underscores Wall Street’s perception that the Google parent is the leader in AI.

Nvidia CEO Jensen Huang has dismissed fears that AI will replace software and related tools, calling the idea “illogical”.

OpenAI is unsatisfied with some of Nvidia’s latest AI chips and has sought alternatives, sources have said.

The transaction values SpaceX at $1-trillion, and xAI at $250-billion, according to a person familiar with the matter.

SpaceX has quietly revised its Starlink privacy policy to allow the use of customer data for AI training.

Apple has warned that escalating memory chip prices have started to pressure profitability.

Elon Musk is weighing merging SpaceX, xAI and possibly Tesla as investors assess a trillion-dollar AI gamble.

Tesla plans to more than double capital spending to a record high of more than $20-billion this year.

Samsung Electronics has forecast a worsening chip shortage this year driven by the AI boom.

Amazon is cutting 16 000 jobs worldwide in the second major round of layoffs at the company in three months.