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Meta announces its Superintelligence Labs Chief Scientist: former OpenAI GPT-4 co-creator Shengjia Zhao

venturebeat.com Carl Franzen 2025-12-28 22:58:24

Want smarter insights in your inbox? Sign up for our weekly newsletters to get only what matters to enterprise AI, data, and security leaders. Subscribe Now Meta has appointed Shengjia Zhao, a former OpenAI researcher and co‑creator of GPT‑4, as the Chief Scientist of its newly created Meta Superintelligence Labs (MSL). The announcement was made Friday by Mark Zuckerberg on Threads, noting Zhao will lead the lab’s scientific agenda alongside him and Alexandr Wang, the former CEO of Scale AI wh

Topics: ai meta million superintelligence zhao

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India bans streaming apps you’ve never heard of — but millions watch

techcrunch.com Jagmeet Singh 2025-12-29 08:02:42

India has ordered the blocking of 25 streaming services — many with millions of viewers and even paying subscribers — for allegedly promoting “obscene” content, in one of the South Asian nation’s biggest digital crackdowns yet. The order affects lesser-known, but wildly popular services like Ullu and ALTT that cater to the country’s mass-market appetite for adult and edgy entertainment. This week, the Ministry of Information and Broadcasting issued directives to block access to websites and app

Topics: app indian million services streaming

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Palantir joins list of 20 most valuable U.S. companies, with stock more than doubling in 2025

cnbc.com Samantha Subin 2025-12-30 03:31:45

Alex Karp, CEO of Palantir Technologies, speaks on a panel titled Power, Purpose, and the New American Century at the Hill and Valley Forum at the U.S. Capitol on April 30, 2025 in Washington, DC. Palantir has hit another major milestone in its meteoric stock rise. It's now one of the 20 most valuable U.S. companies. The provider of software and data analytics technology to defense agencies saw its stock rise about 3% on Friday to another record, lifting the company's market cap to $375 billio

Topics: billion company market palantir sales

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Investors Are Suddenly Pulling Out of AI

futurism.com Unknown 2025-12-30 16:37:11

Despite pouring a record-breaking amount of cash into US-based AI startups in the first half of 2025, some of the tech industry’s most bullish backers are now starting to change their tune or even exit the field altogether — and the money isn’t necessarily coming with them. With the first half of the financial year now behind us, CNBC reports that venture capitalists — who’ve dumped $104.3 billion into AI companies this year so far, almost as much as all of 2024 combined — are now frequently ex

Topics: ai billion going money venture

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Court Rules Mike Lindell Doesn’t Have to Pay $5 Million in Hacked Voting Machine Bet

gizmodo.com Aj Dellinger 2026-01-01 00:35:21

Mike Lindell, the founder and CEO of MyPillow, could be considered a loser in many ways, but not in a way that will cost him $5 million. The New York Times reports that a federal appeals court ruled on Wednesday that Lindell will not have to pay out the prize money for his “Prove Mike Wrong” challenge, which offered up a $5 million reward to anyone who could sufficiently debunk his baseless claim that the 2020 election was stolen from Donald Trump. Lindell offered up the prize money in 2021 dur

Topics: data lindell million money zeidman

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Intel confirms it will cut a third of its workforce by the end of 2025

engadget.com Unknown 2026-01-01 08:50:14

Intel provided more detail about the scope of its planned job cuts and other business changes while sharing its second-quarter earnings results . Reports in April suggested that Intel could eliminate around 20 percent of its staff in a restructuring plan. Today, the chipmaker said it anticipates having a core workforce of 75,000 employees by the end of 2025. That's about a third less than the 108,900 people it employed at the close of the previous fiscal year. These cuts are part of the company

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Intel beats on revenue, slashes foundry investments as CEO says 'no more blank checks'

cnbc.com Kif Leswing 2026-01-01 12:36:17

The Intel logo is displayed on a sign in front of Intel headquarters on July 16, 2025 in Santa Clara, California. Intel reported second-quarter results on Thursday that beat Wall Street expectations on revenue, as the company's new CEO Lip-Bu Tan announced significant cuts in chip factory construction. The stock ticked higher in extended trading. Here's how the chipmaker did versus LSEG consensus estimates: Earnings per share : Loss of 10 cents per share, adjusted. : Loss of 10 cents per sha

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Mysterious Whale Makes a 17,000,000% Profit on a 14-Year-Old Bitcoin Bet

gizmodo.com Bruce Gil 2026-01-01 12:20:37

Several Bitcoin whales—investors who hold large amounts of the cryptocurrency — have recently started cashing out after leaving their Bitcoin untouched for more than a decade. Last week, one anonymous whale sold 80,000 Bitcoin for a whopping $9.5 billion. A user on X (formerly Twitter) first flagged the massive transaction, which was later reported by Tom’s Hardware. The seller had originally purchased the Bitcoin in 2011 for just $54,000, netting a staggering return of more than 17 million per

Topics: 000 billion bitcoin crypto trump

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Intel reveals it will lose 33,000 employees this year and retreat in Germany, Poland, and Costa Rica

theverge.com Sean Hollister 2026-01-01 12:29:28

is a senior editor and founding member of The Verge who covers gadgets, games, and toys. He spent 15 years editing the likes of CNET, Gizmodo, and Engadget. In April, Intel attempted to announce layoffs without announcing layoffs. “We have not set any headcount reduction target,” Intel spokesperson Sophie Metzger told The Verge. But the company has laid off thousands of employees since — and today, in the company’s Q2 2025 earnings, it has revealed that Intel will dramatically shrink as a resul

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Tesla dumped 75% of its bitcoin at one of the worst times, losing out on billions

cnbc.com Ari Levy 2026-01-01 17:51:18

In this article TSLA BTC.CM= Follow your favorite stocks CREATE FREE ACCOUNT Thiago Prudencio | LightRocket | Getty Images Tesla missed on the top and bottom lines in the second quarter, but another miss was buried in its investor deck The company's digital assets are currently valued at $1.24 billion. That's up substantially from $722 million a year ago. But anyone who's been following the crypto market knows that the figure represents a lost opportunity amounting to billions of dollars in m

Topics: billion bitcoin company tesla year

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Elon Admits That Tesla Is in for a World of Hurt

futurism.com Unknown 2026-01-02 03:27:35

The ordeal isn't over yet for Tesla or its investors, according to CEO Elon Musk, as it misses heaps of Wall Street targets in its latest earnings report. "We probably could have a few rough quarters," Musk said in a conference call on Wednesday, as quoted by the Financial Times. If past is prelude, he could be onto something. In the second quarter, between April and June of this year, Tesla raked in just $1.2 billion in net income, when during that same period last year it made $1.4 billion.

Topics: billion musk percent tesla year

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OpenAI Is Quietly Trying to Get More Money as It Burns Through Cash at a Staggering Pace

futurism.com Unknown 2026-01-02 16:06:53

Despite raising over $60 billion in venture capital, OpenAI seems to be burning through cash faster than it can raise it. Mere months after wrapping up a $40 billion funding round, the AI company is now said to be reopening the books in search of more money, according to Wired. Investors both new and old are now being asked — again — to consider pouring funds into the company, two unnamed sources told Wired. That last round, which was said to be closed on March 31st, sent OpenAI's valuation to

Topics: ai billion company openai softbank

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The GOP's Message for Tech Billionaires: Be Like Peter Thiel

wired.com Jake Lahut 2026-01-01 14:00:00

The unholy alliance between Silicon Valley and the Republican Party is no longer new. Between Elon Musk’s descent upon Washington, the number of Big Tech billionaires flying in to kiss President Donald Trump’s ring, and the expansion of the role of companies like Palantir in the US government, former president Joe Biden’s warning about the impending oligarchy has certainly borne out. All of this raises a question: Six months into Trump’s presidency, just how important are Silicon Valley billion

Topics: billionaires silicon sources trump valley

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OpenAI Is Quietly Trying to Get More Money as It Burns Through Resources at a Staggering Pace

futurism.com Unknown 2026-01-02 22:06:53

Despite raising over $60 billion in venture capital, OpenAI seems to be burning through cash faster than it can raise it. Mere months after wrapping up a $40 billion funding round, the AI company is now said to be reopening the books in search of more money, according to Wired. Investors both new and old are now being asked — again — to consider pouring funds into the company, two unnamed sources told Wired. That last round, which was said to be closed on March 31st, sent OpenAI's valuation to

Topics: ai billion company openai softbank

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Google’s AI Master Plan in One Number

gizmodo.com Luc Olinga 2026-01-02 22:30:18

Alphabet, the parent company of Google, delivered a standout quarterly report on Wednesday, with robust growth across Search, YouTube, and Cloud. But buried beneath the strong revenues was a number that tells a much bigger story about the future of technology: $85 billion. That is Google’s new budget for capital expenditures this year, a stunning $10 billion increase from its previous February’s forecast. This colossal sum is being poured into the physical foundations of artificial intelligence

Topics: ai billion company demand google

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Tesla’s Nightmare Continues as Musk Warns of ‘Rough Quarters’ Ahead

gizmodo.com Luc Olinga 2026-01-03 09:14:11

Tesla’s second-quarter earnings paint a grim picture: falling profits, slumping sales, and a reputation hit that keeps on hurting. The all-electric carmaker reported net income of $1.17 billion, down 16.3% from the same period in 2024. Revenue fell 12% to $22.5 billion from $25.5 billion a year earlier, marking Tesla’s second consecutive quarter of declining profits and revenue this year. The cause is clear: Tesla is selling fewer cars and cutting prices to chase demand. Deliveries fell 13.5%

Topics: earnings million musk tariffs tesla

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Estonia's tech elite are getting behind a European challenger to Robinhood

cnbc.com Ryan Browne 2026-01-03 12:13:19

Some of the biggest names of Estonia's tech scene are backing Lightyear, a startup looking to become Europe's answer to commission-free trading pioneer Robinhood . Based in London, Lightyear develops an app that lets users invest in a range of over 5,000 stocks, exchange-traded funds and money market funds. It was founded by two former Wise employees, Martin Sokk and Mihkel Aamer, in 2021. The company is set to announce later on Thursday that it has raised $23 million in a new round of funding

Topics: estonia europe investors lightyear million

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Tesla’s Nightmare Continues As Musk Warns of “Rough Quarters”Ahead

gizmodo.com Luc Olinga 2026-01-03 15:14:11

Tesla’s second-quarter earnings paint a grim picture: falling profits, slumping sales, and a reputation hit that keeps on hurting. The all-electric carmaker reported net income of $1.17 billion, down 16.3% from the same period in 2024. Revenue fell 12% to $22.5 billion from $25.5 billion a year earlier, marking Tesla’s second consecutive quarter of declining profits and revenue this year. The cause is clear: Tesla is selling fewer cars and cutting prices to chase demand. Deliveries fell 13.5%

Topics: earnings million musk tariffs tesla

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YouTube sees a rise in ad revenue to reach nearly $10B

techcrunch.com Lauren Forristal 2026-01-03 04:02:57

YouTube continues to lead in the streaming market, with advertising revenue increasing by 13% year over year, according to Alphabet, Google’s parent company, in its second-quarter earnings report released on Wednesday. This growth brings YouTube’s total ad revenue to $9.8 billion, up from $8.7 billion in the same period last year. The company slightly exceeded analyst expectations, which had forecast YouTube’s Q2 ad revenue to be around $9.6 billion. For years, YouTube has been striving to cap

Topics: ad billion revenue year youtube

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Google's $85 billion capital spend spurred by cloud, AI demand

cnbc.com Jennifer Elias 2026-01-03 17:07:52

Sundar Pichai, CEO of Alphabet Inc., during Stanford's 2024 Business, Government, and Society forum in Stanford, California, April 3, 2024. Google is going to spend $10 billion more this year than it previously expected due to the growing demand for cloud services, which has created a backlog, executives said Wednesday. As part of its second quarter earnings, the company increased its forecast for capital expenditures in 2025 to $85 billion due to "strong and growing demand for our Cloud produ

Topics: billion cloud demand said services

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IBM shares drop as software revenue misses

cnbc.com Jordan Novet 2026-01-03 22:19:14

IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. IBM shares fell as much as 6% in extended trading on Wednesday after the tech conglomerate issued second-quarter results that topped Wall Street projections. Here's how the company did in comparison with LSEG consensus: Earnings per share: $2.80 adjusted vs. $2.64 expected $2.80 adjusted vs. $2.64 expected Revenue: $16.98 billion vs. $16.59 billion IBM's revenue increased nearly 8% year over

Topics: billion ibm krishna revenue said

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YouTube sees a rise in ad revenue to reach nearly $10 billion

techcrunch.com Lauren Forristal 2026-01-03 22:02:57

YouTube continues to lead in the streaming market, with advertising revenue increasing by 13% year over year, according to Alphabet, Google’s parent company, in its second-quarter earnings report released on Wednesday. This growth brings YouTube’s total ad revenue to $9.8 billion, up from $8.7 billion in the same period last year. The company slightly exceeded analyst expectations, which had forecast YouTube’s Q2 ad revenue to be around $9.6 billion. For years, YouTube has been striving to cap

Topics: ad billion revenue year youtube

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A troubled SPAC plans to buy iRocket for $400M but it already returned most of its cash

techcrunch.com Aria Alamalhodaei 2026-01-03 22:03:33

An unproven small launch startup is partnering with a severely depleted SPAC trust to do the impossible: go public in a deal they say will be valued at $400 million. Innovative Rocket Technologies Inc. (iRocket) and BPGC Acquisition Corp., a special purpose vehicle company founded by former Commerce Secretary Wilbur Ross, is aiming to close the transaction in the fourth quarter of this year. Interestingly, the SPAC has been depleted of most of its cash after it raised $345 million in its IPO i

Topics: acquisition disrupt irocket million spac

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Google’s AI Overviews have 2B monthly users, AI Mode 100M in the US and India

techcrunch.com Sarah Perez 2026-01-04 03:14:50

Alphabet and Google CEO Sundar Pichai shared an update on the adoption of consumer-facing AI apps and features, including Google Search’s AI Overviews, Gemini, and AI Mode. On the company’s Q2 2025 call with investors, Pichai shared that AI Overviews — a Google Search feature offering an AI summary of search results available in 200 countries and territories — now has 2 billion monthly users, up from 1.5 billion in May 2025. In addition, Google’s Gemini app has grown to 450 million monthly acti

Topics: ai google million monthly search

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Alphabet beats earnings expectations, raises spending forecast

cnbc.com Jennifer Elias 2026-01-04 08:58:14

Google CEO Sundar Pichai gestures to the crowd during Google's annual I/O developers conference in Mountain View, California on May 20, 2025. Alphabet reported second-quarter results on Wednesday that beat on revenue and earnings, but the company said it would raise its capital investments by $10 billion in 2025. Shares of the company were up slightly in after hours trading. Here's how the company did, compared with estimates from analysts polled by LSEG: Revenue: $96.43 billion vs. $94 bill

Topics: billion company revenue vs year

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Texas Instruments stock falls 13% as CEO warns of tariff concerns

cnbc.com Samantha Subin 2026-01-04 08:00:02

The Texas Instruments headquarters in Dallas, Texas, on Jan. 21, 2024. Texas Instruments shares plunged 13% after the automotive and industrial semiconductor supplier warned of ongoing tariff aftershocks. The company said it expects third-quarter earnings between $1.36 and $1.60 per share, a midpoint of $1.48 per share. That fell short of an LSEG estimate of $1.50. Texas Instruments anticipates revenue between $4.45 billion and $4.48 billion. The midpoint of $4.63 billion was slightly ahead o

Topics: billion company instruments said texas

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ServiceNow lifts guidance on AI growth

cnbc.com Samantha Subin 2026-01-04 08:29:02

Bill McDermott, Chairman, President & CEO ServiceNow, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. ServiceNow posted strong second-quarter results and lifted its guidance Wednesday. Shares climbed 7% following the report. Here's how the company performed compared to LSEG estimates: Earnings per share: $4.09 adjusted vs. $3.57 expected $4.09 adjusted vs. $3.57 expected Revenue: $3.22 billion vs. 3.12 billion expected Subsc

Topics: 12 billion company expected vs

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IBM shares drop despite earnings beat

cnbc.com Jordan Novet 2026-01-04 08:49:59

IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. IBM shares fell as much as 5% in extended trading on Wednesday after the tech conglomerate issued second-quarter results that topped Wall Street projections. Here's how the company did in comparison with LSEG consensus: Earnings per share: $2.80 adjusted vs. $2.64 expected $2.80 adjusted vs. $2.64 expected Revenue: $16.98 billion vs. $16.59 billion IBM's revenue increased nearly 8% year over

Topics: 16 billion ibm revenue streetaccount

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Someone Just Sold Their 2011 Bitcoin for a 17 Million Percent Profit

futurism.com Unknown 2026-01-04 06:18:36

A mysterious Bitcoin account has cashed out a cache of cryptocurrency they originally bought for $54,000 — but which, after HODLing for 14 long years, is now worth an astronomical $9.5 billion, for a staggering profit of over 17 million percent. Bitcoin whales, meaning accounts that hold on to substantial sums of crypto for long periods at a time, have been making moves as of late, Tom's Hardware reports, reaping enormous returns as crypto markets reach all-time highs. Just last week, a differ

Topics: 14 billion bitcoin crypto cryptocurrency

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Tesla’s earnings hit a new low, with largest revenue drop in years

theverge.com Andrew J. Hawkins 2026-01-04 08:20:40

is transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State. Tesla released its second quarter financial earnings today, offering the latest evidence of the damage Elon Musk’s political activities have done to his flagship company. Tesla said it earned $1.17 billion in net income on $22.5 billion in revenue. That’s above Wall Street expectations of $22.3 billion but represents a 12

Topics: billion company revenue tesla year

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Latest Tech News

Meta announces its Superintelligence Labs Chief Scientist: former OpenAI GPT-4 co-creator Shengjia Zhao

India bans streaming apps you’ve never heard of — but millions watch

Palantir joins list of 20 most valuable U.S. companies, with stock more than doubling in 2025

Investors Are Suddenly Pulling Out of AI

Court Rules Mike Lindell Doesn’t Have to Pay $5 Million in Hacked Voting Machine Bet

Intel confirms it will cut a third of its workforce by the end of 2025

Intel beats on revenue, slashes foundry investments as CEO says 'no more blank checks'

Mysterious Whale Makes a 17,000,000% Profit on a 14-Year-Old Bitcoin Bet

Intel reveals it will lose 33,000 employees this year and retreat in Germany, Poland, and Costa Rica

Tesla dumped 75% of its bitcoin at one of the worst times, losing out on billions

Elon Admits That Tesla Is in for a World of Hurt

OpenAI Is Quietly Trying to Get More Money as It Burns Through Cash at a Staggering Pace

The GOP's Message for Tech Billionaires: Be Like Peter Thiel

OpenAI Is Quietly Trying to Get More Money as It Burns Through Resources at a Staggering Pace

Google’s AI Master Plan in One Number

Tesla’s Nightmare Continues as Musk Warns of ‘Rough Quarters’ Ahead

Estonia's tech elite are getting behind a European challenger to Robinhood

Tesla’s Nightmare Continues As Musk Warns of “Rough Quarters”Ahead

YouTube sees a rise in ad revenue to reach nearly $10B

Google's $85 billion capital spend spurred by cloud, AI demand

IBM shares drop as software revenue misses

YouTube sees a rise in ad revenue to reach nearly $10 billion

A troubled SPAC plans to buy iRocket for $400M but it already returned most of its cash

Google’s AI Overviews have 2B monthly users, AI Mode 100M in the US and India

Alphabet beats earnings expectations, raises spending forecast

Texas Instruments stock falls 13% as CEO warns of tariff concerns

ServiceNow lifts guidance on AI growth

IBM shares drop despite earnings beat

Someone Just Sold Their 2011 Bitcoin for a 17 Million Percent Profit

Tesla’s earnings hit a new low, with largest revenue drop in years

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