Kleiner Perkins-backed Ambiq pops on IPO debut
The 15-year-old chipmaker saw its shares climb 61% above its IPO price by the close of its first trading day.
OpenAI’s new LLM exposes the secrets of how AI really works
ChatGPT maker OpenAI has built an experimental large language model that is far easier to understand than typical models. That’s a big deal, because today’s LLMs are black boxes: Nobody fully understands how they do what they do. Building a model that is more transparent sheds light on how LLMs work in general, helping researchers…
Aurora’s autonomous trucks are now driving at night. Its next big challenge is rain.
The company has also opened another facility in Phoenix as it scales driverless operations.
Figma’s IPO price hit a $19.3B valuation out of the gate
In what should be a surprise to no one, Figma priced its IPO shares above its already-increased previously announced range.
Zuckerberg says people without AI glasses will be at a disadvantage in the future
Mark Zuckerberg really believes AI glasses will be the ideal way to blend the physical and digital worlds together.
Nvidia’s CEO Jensen Huang Says He’s ‘Created More Billionaires’ Than Anyone Else — Adding Two More This Week
Two more Nvidia leaders have crossed the threshold into billion-dollar fortunes — and they’re still clocking into work.
SpaceX faces two new lawsuits alleging safety‐related retaliation
The lawsuits offer a closer look at the safety environment at SpaceX.
Meta to spend up to $72B on AI infrastructure in 2025 as compute arms race escalates
Meta is pouring money into the physical and technical infrastructure needed to scale its AI ambitions. The company said Wednesday in its second-quarter earnings report that it plans to more than double its spend on building AI infrastructure – like data centers and servers.
“We currently expect 2025 capital expenditures, including principal payments on finance leases, to be in the range of $66-72 billion…up approximately $30 billion year-over-year at the midpoint,” Meta said.
Zuckerberg: AI increased the time spent on Facebook and Instagram in Q2
Overall, Meta estimated that over 3.4 billion people used one of its “family of apps.”
‘Ongoing Inflation Problem’: Federal Reserve Holds Rates Steady for the Fifth-Straight Time
Experts tell Entrepreneur that the data didn’t justify a rate cut today — but September could tell a different story.
Google proposes to open Play Store to more real-money games in India
Google has proposed sweeping changes to its Play Store and advertising policies in India, aiming to allow more real-money gaming apps onto its platforms.