When Electronic Arts (EA) announced its partnership with Stability AI, it promised more than slicker workflows in game development. The announcement confirmed that video games are evolving into the world’s most dynamic laboratory for artificial intelligence. The truth is, what happens in gaming today often sets the cultural and technical standards for every other creative…
Silicon Valley is piling into the promise of prediction markets. The valuations of Kalshi and Polymarket have surged in recent months as investors bet they can expand and reshape sports betting opportunities across the U.S. Kalshi is now valued at a staggering $11 billion after raising $1 billion in a round led by Sequoia and…
What a difference a day can make. Nvidia shares surged on Wednesday after the chip giant reported better-than-expected earnings and guidance, defying growing talk of an A.I. bubble and high-profile exits from investors like Peter Thiel. But just 24 hours later, Wall Street’s A.I. darling nosedived more than 3 percent yesterday (Nov. 20) as hopes…
Earlier this month, electric carmaker Rivian unveiled a $4.6 billion compensation plan for its founder and CEO, RJ Scaringe—a package that has drawn comparisons to Tesla’s $1 trillion deal for Elon Musk. Like Musk’s award, Rivian’s plan hinges on a series of highly ambitious performance targets over the next decade, including lifting Rivian’s stock price…
In a major win for the Middle East’s A.I. ambitions, the U.S. has approved the export of advanced semiconductors to two major Gulf-backed ventures. Saudi Arabia’s Humain and the United Arab Emirates’ G42 will be allowed to purchase the equivalent of up to 35,000 chips each, said the U.S. Department of Commerce yesterday (Nov. 19),…
Apple CEO Tim Cook is poised to retire as early as next year after 14 years at the helm, according to a Financial Times report last week citing multiple anonymous company insiders. Rumblings about Cook’s exit come amid accelerated succession planning by the board and senior executives, the report says. Some observers suggest Cook, 65,…
Geoffrey Hinton has spent much of the past few years warning about the ways that A.I. could harm humanity. Autonomous weapons, mass misinformation, labor displacement—you name it. Even so, he suggests that a non-catastrophic disaster caused by A.I. might actually prove useful in the long run. “Politicians don’t preemptively regulate,” Hinton said while speaking at…
Today (Nov. 18), Klarna reported its first quarterly earnings as a public company. The fintech giant, which debuted on the New York Stock Exchange in September, is growing quickly as it leans into A.I. and looks to expand beyond its Buy Now, Pay Later (BNPL) service into more traditional banking offerings. Klarna beat Wall Street…
This past summer, an MIT report rattled the business community with its finding that 95 percent of enterprise A.I. applications fail to deliver the revenue growth companies expect. A newer Wharton study, released in October, reached a similar conclusion, noting that it is still “too early” for most large organizations to see measurable gains from…
One of the most persistent myths about Europe is that it is in terminal decline. Outdated metrics, misleading headlines and internal self-doubt often fuel this perception. Yet, three leading European innovation models speak for themselves. Real-time internet communication: We forget that Skype started it all The original technology that laid the foundation for Skype and…
