It is well funded, backed by Jeff Bezos and Eric Schmidt, and staffed with talent from OpenAI, Google and Meta. But unlike many of its Silicon Valley peers, the new A.I. startup Periodic Labs has no plans to build consumer products or pursue artificial general intelligence (AGI). “Our goal is to create an A.I. scientist,”…
With A.I. leaders like Sam Altman warning of a potential bubble, it might seem logical for investors to pull back. Instead, venture capitalists say they’re doubling down, though in a more deliberate and strategic way. “Every investor I speak to says 90 percent of new investments are in an A.I.-related field,” Gené Teare, senior data…
Why have one CEO when you can have two? That appears to be the philosophy embraced by Spotify as it joins a growing number of companies experimenting with joint leadership structures. Long led by founder Daniel Ek, Spotify announced today (Sep. 30) that longtime executives Gustav Söderström and Alex Norström will step in as co-CEOs…
Black Forest Labs, a German A.I. startup drawing attention from Silicon Valley players like Meta, xAI and Adobe, is on track to raise between $200 million and $300 million in a round that could value the just year-old company at $4 billion, the Financial Times first reported. It’s another sign that the A.I. investment frenzy is steadily…
Artificial Intelligence is now embedded into the fabric of our lives and workplaces, and commercial real estate is no exception. From automating routine lease abstraction to predicting tenant leasing demand, A.I. is transforming how the industry operates. But the true differentiator will not be who has access to the latest models—soon, everyone will. It will…
Since leaving Apple in 2019, Jony Ive’s creative pursuits have spanned fashion, typefaces and even A.I. hardware. Now, the famed designer is taking on the high seas with a $4,800 sailing lantern designed to withstand ocean spray, corrosive salt and swaying movements—while still looking sleek. The newest product from LoveFrom, Ive’s design firm, was created…
At Climate Week NYC, BMW unveiled its new all-electric flagship, the BMW iX3, marking the U.S. debut of its Neue Klasse platform and reaffirming the automaker’s pledge to electrify more than 40 models in the coming years. The launch comes at a time when EV demand appears to be slowing and many automakers are rethinking…
It was once a trope of science fiction, most notably in Her, the 2013 Spike Jonze film, where Joaquin Phoenix falls in love with an A.I. character. Now, chatbot relationships are not only real but have morphed into a complex sociotechnical phenomenon that researchers say demands attention from developers and policymakers alike, according to a…
Last week, Microsoft announced plans for a new A.I. data center in Mount Pleasant, Wis., on the site that once belonged to Foxconn, which abandoned a $10 billion manufacturing plant project there. Microsoft has repurposed the 315-acre property to house its latest data center, designed to power OpenAI, Microsoft AI, Copilot and other advanced A.I….
“If someone can do it, it’s JB Straubel.” That’s how Edward Sanchez, a senior analyst at automotive consultancy TechInsights, describes the strategic vision of Tesla’s co-founder and former CTO. Straubel has set out to build the world’s largest electric vehicle (EV) battery recycling company. Founded in 2017, his startup Redwood Materials aims to create a…
