Block CEO Jack Dorsey’s announcement of an A.I.-driven 40 percent reduction in the company’s workforce—followed by other major firms justifying their own workforce reductions as A.I.-related—triggered immediate speculation about A.I.’s impact on white-collar employment. While the news also prompted an immediate spike of more than 20 percent in Block’s stock price, the more consequential issue…
Jensen Huang is best known for building the world’s dominant A.I. chipmaker. But as surging demand for GPUs has turned Nvidia into a $4.5 trillion powerhouse, the company has quietly expanded its influence far beyond hardware, pouring billions into startups across the A.I. ecosystem. Today, nearly every major player in the industry, from OpenAI to…
In December, Jack Dorsey reached a blunt conclusion: A.I. was advancing too quickly to remain a side project at his fintech company, Block—it had to be at the center of it. Yesterday (Feb. 26), Dorsey unveiled what he called “one of the hardest decisions in the history of our company”: Block will cut roughly 40…
Almost a year ago, on the way to soccer practice, my six-year-old asked a question that felt both innocent and quietly inevitable: “Dad, where does ChatGPT live?” Like many children encountering generative A.I. for the first time, he was trying to place it in the world by giving it a location, a biography and a…
On the eve of the Lunar New Year earlier this month, millions of families across China tuned into the Spring Festival Gala, a long-running state-run variety show that this year delivered what once would have seemed like science fiction: Humanoid robots flipped and spun across the stage, performing synchronized martial arts routines with crisp precision….
Jack Dorsey just laid off half his company in a single post. Four thousand people gone. Not because Block is struggling, quite the opposite. Fourth-quarter gross profit jumped 24 percent year over year to $2.87 billion. Cash App surged 33 percent. Earnings beat estimates. The company raised its full-year 2026 guidance to $12.2 billion in…
Ruoming Pang, a prominent A.I. researcher recruited by Meta last year with a pay package reportedly worth more than $200 million, has left the company to join OpenAI, The Information reported yesterday (Feb. 25). His departure marks another setback for Mark Zuckerberg’s elite A.I. team and underscores the escalating A.I. talent war. Pang joined Meta…
Alex Kendall, the 33-year-old founder and CEO of Wayve, grew up on New Zealand’s South Island and came up with the name of his autonomous driving startup, Wayve, after surfing Auckland’s beaches. Now his attention is on the busy streets of London, where Wayve plans to deploy self-driving cars later this year after securing $1.5…
Apple’s A.I. leadership team has undergone a significant transition in recent months, following the December departure of longtime machine learning chief John Giannandrea. Giannandrea, who joined from Google in 2018, will remain in an advisory role until this spring. Filling Giannandrea’s shoes is Amar Subramanya, a former Microsoft and Google executive who joined Apple in…
The creators of Dark Sky, the cult-favorite weather app acquired by Apple in 2020, pulled off something rare: they made forecasting feel personal. Dark Sky was beloved for its hyperlocal rain predictions, precise alerts and emphasis on data visualization. Now, three of its creators—Adam Grossman, Josh Reyes and Dan Abrutyn—are taking another swing at weather…
