Apple’s head of AI models, Ruoming Pang, is leaving the company to work at Meta, Bloomberg reported on Monday. This marks the latest high-ranking AI executive Meta CEO Mark Zuckerberg has scooped up to lead his new AI superintelligence unit. Pang previously ran Apple’s in-house team that trained the AI foundation models that underpin Apple […]
Meta reportedly recruits Apple’s head of AI models Read More »
CoreWeave announced Monday that it signed a $9 billion all-stock deal to acquire Core Scientific, a data center infrastructure provider. As a result of the deal, CoreWeave says it will gain access to more than a gigawatt of data center capacity — enough energy to power more than 850,000 homes — that it can rent
CoreWeave acquires data center provider Core Scientific in $9B stock deal Read More »
Apple’s biggest assembly partner, Foxconn, has ordered more than 300 of its Chinese employees to return home from its iPhone factories in India, Bloomberg reported, citing anonymous sources. The employees told to return account for the bulk of Foxconn’s staff in its iPhone facilities in India, and only Taiwanese support staff remain in the country,
Foxconn tells hundreds of Chinese staff to return from its Indian iPhone factories Read More »
Venture capital firm Catalio Capital Management announced today the closing of its more than $400 million Fund IV, as first reported by Bloomberg. The fund will continue the firm’s thesis of backing healthcare and biotechnology companies. The firm was founded in 2020 and has made more than 100 investments, according to PitchBook. Catalio’s Fund IV,
Catalio Capital closes over $400M Fund IV Read More »
Automattic CEO Matt Mullenweg confirmed that the company is no longer working on migrating its Tumblr blogging platform to WordPress, as previously announced. The exec shared the news on The Verge’s Decoder podcast, published on Monday, saying that the project is “on hold” for an indefinite period. “What we decided is that we want to
Automattic puts Tumblr migration to WordPress on hold Read More »
Apple is considering using AI models from OpenAI and Anthropic to power its updated version of Siri, rather than using technology the company has built in-house, according to a report from Bloomberg on Monday. The iPhone maker continues to build out a project internally dubbed “LLM Siri” that uses in-house AI models, according to Bloomberg.
Apple reportedly considers letting Anthropic and OpenAI power Siri Read More »
Meta CEO Mark Zuckerberg is restructuring the company’s AI efforts to center around building AI “superintelligence.” Going forward, all teams working on AI at Meta will fall under a new group called Meta Superintelligence Labs, according to Bloomberg, which viewed an internal memo sent Monday. Alexandr Wang, the former CEO of data labeling startup Scale
Meta restructures its AI unit under ‘Superintelligence Labs’ Read More »
Mark Zuckerberg’s AI talent hiring spree continues. In recent months, Meta tried to acquire Safe Superintelligence, the $32 billion AI startup co-founded by OpenAI’s former chief scientist, Ilya Sutskever, according to a report from CNBC on Thursday. Sutskever ultimately turned Meta down, according to CNBC, but the company is now in talks to hire Safe
After trying to buy Ilya Sutskever’s $32B AI startup, Meta looks to hire its CEO Read More »
Intel will begin a new round of layoffs next month. The semiconductor giant plans to lay off 15% to 20% of workers in its Intel Foundry division starting in July, according to an internal memo originally reported on by The Oregonian. Intel Foundry designs, manufactures, and packages semiconductors for external clients. It’s unclear how many
Intel to lay off up to 20% of Intel Foundry workers Read More »
Spend management startup Ramp announced on Tuesday that it raised a $200 million Series E led by its largest investor, Founders Fund, at a post-money valuation of $16 billion. This is a jaw-dropping $3 billion increase over the $13 billion valuation Ramp announced just a few months ago in March, after a $150 million secondary
In just 3 months, Ramp’s valuation jumped to $16B, up from $13B Read More »
