Apple down on underwhelming developer conference
Apple’s stock is down 1.5% today — a drop that began when its annual developer conference, WWDC, began. Right at the beginning, SVP of Software Craig Federighi addressed the elephant in the room: App...
OpenAI hits $10 billion in annual recurring revenue
OpenAI announced that it is now pulling in $10 billion in annual recurring revenue, CNBC reports. The impressive revenue stream is driven by consumer, business, and API subscriptions. The company had ...
With WWDC on deck, Apple says “reasoning” AI models collapse with complexity
troubled AI rollout was plagued by a series of remarkable feature failures and product delays. What was supposed to be the year of “Apple Intelligence” has failed to deliver an AI-enhanced Siri on par...
Report: Investors got a peek at xAI’s books and it’s losing money, burning cash
Bloomberg is reporting that prospective investors for a debt offering got a little peek into how Elon Musk’s xAI business is doing. It appears to be following the AI startup playbook: lose money and b...
OpenAI’s plan for “democratic AI”
Last month, a phalanx of tech executives joined President Trump on his trip to the Middle East to secure some blockbuster deals with American AI companies. announced it was partnering with Saudi Arabi...
Analyst: Apple is too expensive; buy Amazon or Alphabet instead
Analysts at Needham axed their rating on Wednesday, lowering the iPhone maker to “hold” from “buy,” in light of growing competitive threats from AI and sluggish iPhone sales (which got what may have...
ChatGPT is officially clocking more site visits than Wikipedia in the US
A few weeks ago, a pretty shocking chart about ChatGPT leapfrogging Wikipedia was doing the rounds on social media, leading science and tech site Futurism to declare, “ We’re so cooked .” Though the d...
Elon Musk’s xAI could become the fourth hectocorn, as it seeks $113 billion valuation in small share sale
When venture capitalist Aileen Lee coined the term “unicorn” in 2013 to refer to those rare, near-mythical startups worth more than $1 billion, she probably didn’t foresee a future where more than a t...
Wall Street thinks the “pain trade” is for AI stocks to keep soaring
As US stocks continue to make their near bear market in April look like a distant memory, the new leaders are the old leaders : all AI, all the time. On Monday, Bespoke Investment Group flagged that i...
Apple, Google, and Meta are all in on AI glasses and companions, but that doesn’t mean people will buy them
For all its innovation, it can sometimes feel like all of Big Tech coalesces along a single idea. Lately it’s seemed like Silicon Valley’s best idea for the next best thing has been the same thing: an...
Reed Hastings joins Anthropic’s board
cofounder and Chairman Reed Hastings was appointed to AI startup Anthropic’s board of directors. Hastings brings decades of Silicon Valley experience and clout to Anthropic’s board of directors. Anthr...
What we know about the device from OpenAI and former Apple design lead Jony Ive
Yesterday, OpenAI announced it was buying former design lead Jony Ive’s AI device startup for $6.5 billion. Ive’s startup, io, would provide OpenAI with a dedicated unit for developing AI-powered dev...
Dear Google, don’t pull an Apple and advertise features you can’t deliver
At Google’s developer conference this week, AI was everywhere and being shoved into everything . Generally analysts were happy with the company’s performance and promises, but what’s ultimately more i...
Google soars after analysts charmed by developer conference
Wall Street analysts were generally impressed with two-hour developer conference yesterday, in which execs crammed its Gemini AI into basically everything . Today the stock is up more than 5%. Here a...
Google I/O: Gemini everywhere, AI search, glasses, “Google AI Ultra” for $249 a month
Alphabet CEO Sundar Pichai just wrapped up the two-hour keynote speech at annual developer conference, “Google I/O,” in the Shoreline Amphitheater in Mountain View, California. Maybe the company shou...
D-Wave Quantum jumps as its breakthrough computing system hits the market
Shares of are soaring premarket after announcing that its Advantage2 quantum computing system is ready for prime time. The new model can now be accessed by customers as part of D-Wave’s “quantum comp...
It’s all about AI agents at Microsoft Build
announced a bevy of new AI tools at its Build 2025 developer conference in Seattle. The big theme: AI agents are here. CEO Satya Nadella took the stage for a two-hour presentation outlining the compan...
Apple’s delayed AI Siri, announced at its developer conference last year, won’t be out for this year’s WWDC
One year after wowed users at its annual developer conference with a new AI-based Siri that could scan your personal information, texts, and emails to find pertinent information, that new assistant ha...
Why the two most important events of 2025 have been completely shrugged off by the stock market
The two biggest catalysts for US stocks this year — the DeepSeek-inspired rout that began to tip over the AI momentum trade and the Rose Garden reciprocal tariffs announcement that accentuated recessi...
WSJ: Amid struggles, Meta delays release of Llama 4 “Behemoth” AI model
The jumbo version of flagship AI model Llama has been delayed amid performance struggles. According to the report from The Wall Street Journal, Meta engineers aren’t able to achieve the kinds of expo...