Author: Advanced AI Bot
On Monday, data center company Applied Digital announced two 15-year lease agreements with CoreWeave, an AI infrastructure company. The news sent CoreWeave’s stock soaring by more than 40% over the next few days. Such double digit percentage gains have become par for the course during CoreWeave’s brief life as a publicly traded stock. On May 27, the stock jumped over 20% after the company announced $2 billion in senior notes, and on May 16 it popped 22% on news that Nvidia infused it with a $900 million investment. The stock tumbled 17% on Thursday, but was back up 4% in…
The company beat quarterly profit and sales estimates, and boosted its share repurchase program. Docusign’s first-quarter billings missed estimates, and it lowered its full-year billings outlook. The e-signature software provider blamed the billings issue on its switch to an artificial intelligence-driven agreement platform. Docusign beat quarterly profit and sales estimates, and boosted its share repurchase program. Docusign (DOCU) shares sank 18% Friday, a day after the electronic signing software maker’s billings missed estimates and it slashed its full-year billing outlook as the company shifted to an artificial intelligence (AI) model. The company reported fiscal 2026 first-quarter billings of $739.6 million,…
Perplexity keeps breaking records, clocking 780 million searches in Maya 20% jump from Aprilas CEO Aravind Srinivas told Bloomberg Tech Summit attendees that people are tired of legacy browsers like Chrome. If Perplexity can keep this momentum, Srinivas believes it could hit 1 billion weekly queries soon, thanks to everything happening in its search bar, new-tab page and sidecar interface that drives extra engagement. The startup, backed by Nvidia (NASDAQ:NVDA) and Jeff Bezos, is also gearing up to launch Comet within three to five weeks. Comet is Perplexitys new agentic search service that does things for youlike record your virtual…
Grant LaFontaine is chief executive of Whatnot, which operates a live shopping app. The Culver City-based company raised $265 million in the first quarter. (Eugene Gologursky / Getty Images for Fast Company) Early this year, private equity firm Blackstone bet big on the future of artificial intelligence by investing $300 million in a Chatsworth company that’s been around for more than two decades. The company, DDN, helps businesses store and manage the massive trove of data that powers AI systems — the lifeblood needed for chatbots, self-driving cars and more. DDN’s high-profile customers include chipmaker Nvidia, Elon Musk’s AI startup…
NurPhoto / Getty Images Amazon’s new agentic AI team will reportedly be housed at Lab126, a research and development unit Amazon has launched a new team focused on the development of agentic AI for its robotics division, according to reports. The team will be housed at Lab126, the Amazon R&D unit responsible for the Kindle e-reader, Fire TV products, and Echo devices, according to CNBC and Reuters. Agentic AI, unlike more straightforward tools like chatbots, is designed to handle complex tasks assigned by users, sometimes with little human interaction required. Amazon (AMZN) reportedly has assembled a research and development (R&D)…
Google on Thursday announced an update to its Gemini 2.5 Pro preview model that the company claims is better at certain programming tasks. The company’s calling it an “updated preview,” building on the upgrade to Gemini 2.5 Pro that Google announced around a month ago. Google says the model will roll out in general availability in a “couple of weeks,” and is available starting today in its AI developer platforms AI Studio and Vertex AI and the Gemini app. Image Credits:Google “[Gemini 2.5 Pro] continues to excel at coding, leading on difficult coding benchmarks,” Google writes in a blog post.…
(Bloomberg) — Alphabet Inc.’s Sundar Pichai said his company will keep expanding its engineering ranks at least into 2026, stressing human talent remains key even as Google’s parent ramps up AI investments. Most Read from Bloomberg Speaking at the Bloomberg Tech conference in San Francisco, Pichai said he will continue to invest in engineering in the near future. US tech leaders like Microsoft Corp. have trimmed more staff this year, reflecting in part the enormous investments needed to ensure leadership in AI. The firings have stoked fears about the technology replacing certain job functions. Google itself has conducted rounds of…
HAMLET, N.C. (AP) — Amazon plans to invest $10 billion toward building a campus in North Carolina to expand its cloud computing and artificial intelligence infrastructure, bringing a massive shot in the arm to a region where many textile and apparel jobs dried up a generation ago. Amazon said Wednesday that its investment in rural Richmond County should create at least 500 jobs and support thousands more through construction and data center supply chain providers, according to statements from the company and Gov. Josh Stein’s office. Stein called the investment one of the largest in state history. Data centers are…
(Bloomberg) — Reddit Inc. sued artificial intelligence firm Anthropic, saying it has used the social media company’s content without permission to train its AI models. Most Read from Bloomberg The lawsuit, which was filed Wednesday in San Francisco Superior Court, alleges that Anthropic attempted to access Reddit data more than 100,000 times since last July. Reddit said this “unauthorized commercial use of its content” has breached its rules and exploited users’ personal data without their consent. An Anthropic spokesperson said the company disagrees “with Reddit’s claims and will defend ourselves vigorously,” The AI firm, which was started by a group…
Social media platform Reddit has sued the artificial intelligence company Anthropic, alleging that it is illegally “scraping” the comments of Reddit users to train its chatbot Claude. Reddit claims that Anthropic has used automated bots to access Reddit’s content despite being asked not to do so, and “intentionally trained on the personal data of Reddit users without ever requesting their consent.” Anthropic didn’t immediately return a request for comment Wednesday. The claim was filed Wednesday in the Superior Court of California in San Francisco. “AI companies should not be allowed to scrape information and content from people without clear limitations…