Author: Advanced AI Bot
By Karen Freifeld and Arsheeya Bajwa (Reuters) -U.S. President Donald Trump’s administration plans to rescind and modify a Biden-era rule that curbed the export of sophisticated artificial-intelligence chips, a spokeswoman for the Department of Commerce said on Wednesday. The regulation was aimed at further restricting AI chip and technology exports, dividing up the world to keep advanced computing power in the United States and among its allies while finding more ways to block China’s access. The Framework for Artificial Intelligence Diffusion was issued in January, a week before the end of the administration of former President Joe Biden. It capped…
By Arsheeya Bajwa (Reuters) -Palantir Technologies raised its annual sales forecast on Monday, although its inline profit and a modest revenue beat disappointed investors who were expecting more from the AI-focused data and analytics firm, driving its shares down 8% in extended trading. The stock has been one of the biggest gainers of a rally in AI-linked shares, rising more than 60% this year, as investors placed huge bets on its ability to benefit from widescale AI deployments and increased government spending on defense-related tech. “The only thing that’s higher than the results reported were expectations, and that’s why the…
(Reuters) -Uber said on Tuesday it was partnering with Pony AI to deploy the China-based robotaxi developer’s vehicles onto its ride-hailing platform, marking the latest in a series of tie-ups aimed at strengthening its presence in the fledgling robotaxi sector. The partnership will launch in a key market in the Middle East later this year and will roll out to more international markets in the future. During the initial pilot phase, Pony AI’s vehicles will include a safety operator onboard before transitioning to a fully autonomous commercial launch. Uber has signed several new partnerships and expanded existing collaborations in recent…
(Reuters) -Cloud security firm Datadog raised its annual revenue forecast and beat the estimate for quarterly sales on Tuesday, thanks to growth in large customers and AI-driven workloads. The company has benefited significantly from the increased adoption of artificial intelligence technologies, which has driven strong demand for its cloud monitoring and security platform. On Monday, Datadog acquired Eppo, a feature flagging and experimentation platform, to expand its AI and product analytics offerings, aiming to help customers build products faster and with less risk. “We are innovating rapidly across the Datadog platform, to help customers observe, secure, and act to solve…
(Reuters) -IBM on Tuesday made a play for more sales in the crowded artificial intelligence field, touting tools that could help customers manage a fleet of AI agents for their key business applications. In an interview, Chief Executive Arvind Krishna said he saw an opening to provide software that integrates customers’ AI agents from other providers — among them Salesforce, Workday and Adobe — and lets them build their own agents for untapped use cases, with IBM’s help. “We help our clients integrate. We want to meet them where they are,” he said, ahead of IBM’s annual Think conference sessions…
By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase’s artificial-intelligence tools enabled it to boost sales to wealthy clients and manage scores of requests from worried customers even during April’s market rout, the bank’s CEO of asset and wealth management said. The largest U.S. lender has been ramping up its use of AI, along with its peers. Goldman Sachs is rolling out a generative AI assistant to its bankers, traders and asset managers, while Morgan Stanley developed a chatbot for its financial advisers with OpenAI. JPMorgan’s AI tools supercharged the speed at which its bankers could provide research and investment advice…
By Abhinav Parmar (Reuters) -AI-powered defense startup Anduril Industries (ANIN.PVT) on Monday said it has entered into a definitive agreement to acquire Ireland-based tactical communications systems maker Klas. Anduril, along with software maker Palantir (PLTR)and Elon Musk’s SpaceX, has emerged as frontrunners to win a crucial part of President Donald Trump’s “Golden Dome” missile defense shield, Reuters reported last month citing people familiar with the matter. Exterior view of the Anduril headquarters building with its bold logo prominently displayed on a modern concrete facade under a bright blue sky. A tree in the foreground adds a touch of greenery, contrasting…
By Jonathan Stempel OMAHA, Nebraska (Reuters) -Berkshire Hathaway shareholders on Saturday rejected a resolution requiring the company to report on risks from its subsidiaries’ race-based initiatives, one of seven proposals tied to diversity, artificial intelligence and other issues that were voted down. Shareholders also voted against a resolution that Berkshire report on how its business practices affect employees based on race, color, religion, sex, national origin and political views. Also voted down were proposals requiring Berkshire’s board of directors to create a committee to oversee diversity and inclusion, having independent directors oversee AI-related risks, and requiring a report on “voluntary”…
(Reuters) -Apple is partnering with Amazon-backed startup Anthropic on a new “vibe-coding” software platform that will use artificial intelligence to write, edit, and test code on behalf of programmers, Bloomberg News reported, citing people with knowledge of the matter. “Vibe coding” refers to a programming method where AI agents generate code, a concept gaining popularity in the AI landscape. The new AI coding system is an updated version of Apple’s programming software, Xcode, and will integrate Anthropic’s Claude Sonnet AI model, the report said. Anthropic declined to comment, while Apple did not immediately respond to a Reuters requests for comment.…
By Akash Sriram (Reuters) – Language learning app Duolingo forecast second-quarter revenue above Wall Street estimates and lifted its annual sales expectations on Thursday, as more users pay for subscriptions featuring AI features, sending its shares up 13% in extended trading. Duolingo operates on a “freemium” model, offering a basic set of features for free to all users, with additional capabilities available through the Super and AI-powered Max subscriptions. Users with the Max tier can practice conversations through video calls with a chatbot, as well as get access to error analysis and feedback. After a phased roll-out, Duolingo’s AI features…