IBM shares plunge after preliminary Q2 revenue falls short of estimates despite surging AI bookings
1:33pm By Ana Maria Constantin
IBM issued preliminary second-quarter results on Monday showing revenue of roughly $17 billion, up…Kalshi builds a forward curve for computing power as exchanges race to turn GPUs into a tradable commodity
12:53pm By Cristian Dina
Kalshi, the prediction markets exchange, has built a forward curve that tracks the future price of…Dimon says AI already eliminated 30 to 40 percent of jobs in some JPMorgan divisions
12:25pm By Alina Maria Stan
JPMorgan Chase has cut jobs by as much as 40 percent in some parts of the bank using artificial…India’s Udaan secures $160 million in new funding as it races to fix its balance sheet before an IPO
12:17pm By Ana-Maria Stanciuc
Indian B2B ecommerce platform Udaan has secured $160 million in a funding round that combines fresh…Demis Hassabis wants a Wall Street-style referee for AI, with the power to hit pause
10:43am By Ana Maria Constantin
The man behind Google’s AI thinks the world needs a referee. And he has drafted the rules. Demis…Britain’s flagship AI data centre can’t get the power to switch on
10:17am By Alina Maria Stan
Britain wants to be an AI superpower. One of its flagship data centres cannot get the electricity to…Medical AI was meant to help. This week it replaced nurses and dodged its own checks
10:04am By Ana Maria Constantin
The pitch for medical AI is that it frees clinicians to care for patients. Two stories this week…Microsoft promised to be carbon negative. Its emissions just jumped 25%
10:00am By Alina Maria Stan
Microsoft promised to be carbon negative by 2030. Its own report shows emissions up 25% in a year…Uber lost the self-driving race. Now it wants to write the rules
9:53am By Darius Popa
Uber lost the race to build a self-driving car. Now it wants to write the rules for everyone who…Meta is pushing brands onto its AI ad tools. The results are a mess
9:17am By Ana Maria Constantin
Meta is pushing advertisers to hand their campaigns to its AI. A Business Insider investigation…Pasqal’s SPAC filings reveal a $2bn French quantum bet, and a French kill switch
9:08am By Cristian Dina
France’s Pasqal is heading to Nasdaq at a $2bn valuation, roughly 100 times its revenue. Its own…xAI is running 59 unpermitted gas turbines, twice what it has admitted
9:00am By Ana-Maria Stanciuc
Emails between regulators and xAI’s consultants put most of the turbines in Southaven,…Flex raises $70m from Ryan Smith’s Halo fund to take its AI private bank global
9:00am By Cristian Dina
Six months ago, Flex raised $60m and called it a Series B. On Tuesday it said it had raised another…Moneybox is Europe’s newest unicorn, and it’s testing London’s new private market to prove it
8:56am By Cristian Dina
Moneybox is Europe’s newest unicorn, worth £800m, or $1.1bn. But no fundraise set that price.…Huawei Digital Power now rivals Tesla’s energy division in revenue
5:35am By Alina Maria Stan
Ask most people what Huawei sells and you will get smartphones, or 5G, or a decade of geopolitical…OpenAI wants its legal fees from xAI, while Apple comes for OpenAI
5:21am By Ana-Maria Stanciuc
On Monday, OpenAI asked a federal judge in California to rule that xAI’s trade secrets lawsuit…DeepSeek’s Liang Wenfeng overtakes Amodei and Brockman as AI’s richest founder
4:59am By Alina Maria Stan
Liang Wenfeng is now the wealthiest founder in artificial intelligence, according to the Bloomberg…Ericsson revenue falls 6% as component costs bite and licensing income dries up
4:47am By Cristian Dina
Ericsson booked SEK 52.7bn of revenue in the second quarter, down 6% from SEK 56.1bn a year earlier,…Finland’s NestAI is building the AI layer Europe’s militaries want to own
4:41am By Ana-Maria Stanciuc
A Helsinki lab barely a year old, bankrolled by Nokia and the Finnish state, is now writing…Intel commits $5.7bn to Xeon production in Ireland
4:25am By Cristian Dina
Intel is spending €5bn, or about $5.7bn, upgrading its campus at Leixlip outside Dublin, the…
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