December 2, 2025

The Download: AI’s impact on the economy, and DeepSeek strikes again

This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. The State of AI: Welcome to the economic singularity —David Rotman and Richard Waters Any far-reaching new technology is always uneven in its adoption, but few have been more uneven than generative AI.…

Meta bets big on AI with custom chips — and a supercomputer

May 18, 2023

At a virtual event this morning, Meta lifted the curtains on its efforts to develop in-house infrastructure for AI workloads, including generative AI like the type that underpins its recently launched ad design and creation tools. It was an attempt at a projection of strength from Meta, which historically has been slow to adopt AI-friendly […]

Meta bets big on AI with custom chips — and a supercomputer by Kyle Wiggers originally published on TechCrunch

Meta built a code-generating AI model similar to Copilot

May 18, 2023

Meta says it’s created a generative AI tool for coding similar to GitHub’s Copilot. The company made the announcement at an event focused on its AI infrastructure efforts, including custom chips Meta’s building to accelerate the training of generative AI models. The coding tool, called CodeCompose, isn’t available publicly — at least not yet. But […]

Meta built a code-generating AI model similar to Copilot by Kyle Wiggers originally published on TechCrunch

With government backing, Ireland’s Elkstone closes first VC fund at $108M for early-stage startups

May 18, 2023

Yet another early-stage VC fund has closed in Europe this week, as Elkstone finalized a €100 million ($108 million) pot aimed at Irish startups. It comes a day after Lifeline Ventures closed a €150 million ($163 million) fund for fledgling startups in Finland, while several others have landed across the continent in the past few […]

With government backing, Ireland’s Elkstone closes first VC fund at $108M for early-stage startups by Paul Sawers originally published on TechCrunch

TuSimple to lay off 30% of U.S workforce, keep China business

May 18, 2023

TuSimple, the once high-flying autonomous trucks company that went public in 2021, is restructuring and laying off about 30% of its U.S. workforce as it works to preserve cash and stay in business. The announcement early Thursday comes a week after the company disclosed that it received a delisting notice from the Nasdaq for failing to file […]

TuSimple to lay off 30% of U.S workforce, keep China business by Kirsten Korosec originally published on TechCrunch

Stability AI open sources its AI-powered design studio

May 18, 2023

Stability AI, the AI startup behind the text-to-image model Stable Diffusion, this week announced the release of StableStudio, an open source version of DreamStudio, Stability AI’s commercial AI-powered design suite. In a blog post, Stability AI writes that it hopes to “foster a project [that] can outpace anything developed by a single company,” alluding to […]

Stability AI open sources its AI-powered design studio by Kyle Wiggers originally published on TechCrunch

2 Pharma Stocks Investors Are Flocking

May 18, 2023
The pharmaceutical industry is expected to thrive amid robust demand and government support. Given the solid long-term prospects of the industry, investors should consider buying pharma stocks Ironwood Pharmaceuticals (IRWD)…