Intel’s comeback story is even wilder than it seems
Intel’s stock has risen a stunning 490% over the past year, a bet by Wall Street that may be running well ahead of the company’s actual turnaround.
AI
Cloudflare says AI made 1,100 jobs obsolete, even as revenue hit a record high
CloudFlare announced its first large-scale layoff. CEO Matthew Prince says because of AI efficiency gains, the company doesn’t need as many support roles.
PlayStation sees AI as a ‘powerful tool’ to help make games
As part of an earnings presentation on Friday, Sony shared how it’s thinking about AI at the company, including many details about how it’s evaluating AI as part of making PlayStation games. Generative AI has recently been showing up in bigger games – though many indie developers still reject it – and while Sony calls […]
Microsoft was worried OpenAI would run off to Amazon and ‘shit-talk’ Azure
When OpenAI was busy experimenting with AI-powered gaming bots, Microsoft CEO Satya Nadella and OpenAI CEO Sam Altman were in the early days of forming an AI partnership. Court documents from the ongoing Musk v. Altman trial have provided a rare look at the communications between Microsoft’s top executives about investing in OpenAI and fears […]
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Everybody wants to rule the AI world
Sometimes, companies pick CEOs based on carefully laid succession plans designed to maximize investor confidence and future performance. Other times, apparently, companies pick CEOs based on a bunch of video calls while the current CEO is texting the former CEO about who the new CEO even is. Such was the story of The Blip, the […]
Why you can never get your doctor to call you back
Like many AI companies automating work that humans currently do, Basata will eventually face a harder question about where the line is between augmenting workers and displacing them. For now, the founders say the administrative staff they work with aren’t worried about that; they’re more worried about drowning.
