Architect Labs raises $24M to let any company design its own AI chip

Designing a chip is hard. It takes years, hundreds of millions of dollars, and a tiny pool of experts. Most of them sit inside a few large companies. Architect Labs wants to change that with AI. The P [...]

Google’s Gemini delay exposes a deeper problem: employee morale

Google is losing a race it once led, and the problem may be its own people. Six current and former DeepMind employees told Axios that low morale is slowing the lab’s model releases, Axios reported. [...]

CXMT’s founder is giving 40% of his new fortune to his workers

Zhu Yiming got about $10bn richer on Monday. He has promised to give roughly $5.6bn of it away, and not to charity. The chairman of CXMT saw his fortune climb nearly 300% to $13.9bn when the memory ch [...]

Apple investors are running out of patience with its AI promises

Apple investors are losing patience with the company’s AI strategy. The stock is coming off its worst week since February after the annual Worldwide Developers Conference failed to convince Wall St [...]

France breaks EDF’s grip on hydropower with law to auction 6 GW a year

France’s Parliament adopted a bill on Tuesday that dismantles the monopoly Électricité de France has held over the country’s hydropower market for decades, according to Bloomberg. The law conve [...]

Anthropic and Google DeepMind called for a US-led AI coalition at the G7, and Canada said yes

Anthropic CEO Dario Amodei and Google DeepMind’s Demis Hassabis used a closed-door lunch at the G7 summit on Wednesday to call for a US-led coalition that would shape international rules and standar [...]

Allbirds sells its shoes, renames itself Smartbird, and says it is now an AI infrastructure company

Allbirds, the sustainable footwear company that went public at a $4.1 billion valuation in 2021, has officially renamed itself Smartbird and appointed a new chief executive to lead its pivot into AI c [...]

Behavox raises $175 million from BlackRock’s HPS to expand its AI compliance platform

Behavox has raised $175 million in preferred equity from HPS Investment Partners, the private credit firm that BlackRock acquired for $12 billion last year. The funding will go toward expanding Beha [...]

PsiQuantum breaks ground in Australia on what it says will be the world’s first utility-scale quantum computer

PsiQuantum has broken ground on a facility in Moreton Bay, Queensland, where it plans to build and deploy what it calls the world’s first utility-scale, fault-tolerant quantum computer. The site wil [...]