With over 3.5 billion daily active users around the globe, Meta—the company behind Instagram, WhatsApp and Facebook—has a reach on roughly 40 percent of the world’s population. That scale gives it a significant advantage in rolling out new technologies, according to Alexandr Wang, the 29-year-old head of A.I. at Meta, who outlined the company’s vision…
Netflix co-CEOs Ted Sarandos and Greg Peters are mounting a two-front campaign to salvage their $83 billion deal for Warner Bros. Discovery after WBD reopened the door to a rival bid from David Ellison’s Paramount Skydance, escalating what could become the largest media merger of the modern era. Paramount has until Feb. 23 to submit…
Tareq Amin, CEO of Saudi Arabia’s largest A.I. company, Humain, has been on a dealmaking blitz since taking the helm of the Kingdom’s national A.I. initiative last year. His latest move: a $3 billion investment in Elon Musk’s xAI. The investment was made during xAI’s $20 billion fundraising round in January, Humain announced today (Feb….
An A.I. model from Google DeepMind shocked mathletes from around the world last year when it secured a gold medal at the prestigious International Mathematical Olympiad. Why, then, do these same models also make mistakes on the most elementary math questions? Such inconsistencies are a sign of A.I.’s “jagged intelligence,” according to DeepMind CEO Demis…
Last month, Ford CEO Jim Farley told The Detroit News ahead of the Detroit Auto Show that vehicles like the Bronco, Raptor and Tremor have become major profit centers for the company. “The off-road business is very unusual because it’s extremely profitable, and the customers love the product, and it’s an enthusiast product,” he said….
Every three months, public companies brace for analyst questions during quarterly earnings calls. But what if firms could predict these queries in advance and rehearse their responses? That’s one of the capabilities touted by Simile, a new A.I. startup spun out of Stanford and backed by acclaimed researcher Fei-Fei Li and OpenAI co-founder Andrej Karpathy….
Artificial intelligence has quickly become the focal point of nearly every major technology debate today—the safety of each system’s model, algorithmic bias and its impact on the future of work. The challenge isn’t theoretical. Beneath those headline concerns lie a more immediate concern: power. A.I. systems require continuous, power-dense computation at a scale few industries…
Meta’s reputation as one of Silicon Valley’s biggest A.I. spenders, but with little to show for it so far, is spooking much of Wall Street. But hedge fund billionaire Bill Ackman isn’t fazed. Ackman’s New York-based fund, Pershing Square, disclosed this week that it has taken a nearly $2 billion stake in Meta, equivalent to…
Just days after Elon Musk merged his A.I. startup, xAI, with SpaceX in preparation for a widely anticipated trillion-dollar IPO later this year, two of xAI’s founding employees—Yuhuai (Tony) Wu and Jimmy Ba—announced their resignations. That means half of xAI’s founding team has now left the company barely three years after its launch. Musk framed…
Mistral AI co-founder and CEO Arthur Mensch knows that it isn’t just France but all of Europe that relies on his startup to deliver an alternative to U.S. powerhouses like OpenAI. In its first-ever foreign A.I. infrastructure investment, the Paris-based company is committing 1.2 billion euros ($1.4 billion) to build data centers across Sweden, it…
