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Intel's E2200 "Mount Morgan" IPU at Hot Chips 2025

Intel’s IPUs, or Infrastructure Processing Units, evolved as network adapters developed increasingly sophisticated offload capabilities. IPUs take things a step further, aiming to take on a wide variety of infrastructure services in a cloud environment in addition to traditional software defined networking functions. Infrastructure services are run by the cloud operator and orchestrate tasks like provisioning VMs or collecting metrics. They won’t stress a modern server CPU, but every CPU core se

Cloud provider Lambda may be gearing up for an IPO

In Brief Cloud provider Lambda might be following rival CoreWeave to the public markets. Lambda, an AI infrastructure company offering on-demand GPUs, has hired bankers for an upcoming IPO, according to reporting from The Information. Lambda has reportedly hired Morgan Stanley, J.P. Morgan, and Citi for a public listing that could happen as early as the first half of 2026. Lambda did not respond to a request for comment. The company has raised more than $1.7 billion in funding, according to

Morgan Stanley warns against ‘misguided’ idea of Apple acquiring an AI search engine

There’s been no shortage of rumors about Apple’s supposed intentions of acquiring an AI search company, such as Perplexity, to help it catch up in the AI race. And while many seem to agree that this would be at least a partial solution to Apple’s problems, Morgan Stanley isn’t that convinced. In an investor note published today (via AppleInsider), Morgan Stanley analyst Erik Woodring states that it is “misguided” to think that Apple should acquire an AI search engine, as it is not the company’s

This Turbo Escooter Wants to Set a Guinness World Record

The fastest I've ever ridden on an electric kick scooter is close to 40 miles an hour, and it was terrifying. UK-based escooter company Bo wants to go even faster—more than 100 miles per hour—and set a Guinness World Record in the process. Bo is a relative newcomer in the micromobility space, and its team is peppered with former members of Williams Formula One Advanced Engineering. It launched its first scooter, the hand-assembled Bo M, a year and a half ago in the UK and European Union, and it

The US dollar is on track for its worst year in modern history

The US dollar is on track for its worst year in modern history and may not be done falling yet. The greenback is down more than 7% this year and Morgan Stanley predicts it could fall another 10%. A weaker dollar could make US exports more competitive, boosting Trump’s plan to rebalance US trade, but makes imports more expensive, adding to the sting of tariffs. The question ahead is whether the dollar doesn’t just lose its value, but its role at the center of the global financial system. So far,

JPMorgan moves further into crypto with stablecoin-like token JPMD

Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., speaks to the Economic Club of New York in Manhattan, New York City, on April 23, 2024. JPMorgan Chase is taking a step further into the cryptocurrency space with its own stablecoin-like token, called JPMD. The U.S. banking giant told CNBC on Tuesday that it's planning to launch a so-called deposit token on Coinbase's public blockchain Base, which is built on top of the Ethereum network. Each deposit token is meant to serve as a digital re

Large Law Firm Sends Panicked Email as It Realizes Its Attorneys Have Been Using AI to Prepare Court Documents

The law firm Morgan & Morgan has rushed out a stern email to its attorneys after two of them were caught citing fake court cases invented by an AI model, Reuters reports. Sent earlier this month to all of its over 1,000 lawyers, the email warns at length about the tech's proclivity for hallucinating. But the pros of the tech, apparently, still outweigh the cons; rather than banning AI usage — something that plenty of organizations have done — Morgan & Morgan leadership take the middle road and