Author: Advanced AI Bot
(Bloomberg) — Meta Platforms Inc. is in talks to make a multibillion-dollar investment into artificial intelligence startup Scale AI, according to people familiar with the matter. Most Read from Bloomberg The financing could exceed $10 billion in value, some of the people said, making it one of the largest private company funding events of all time. The terms of the deal are not finalized and could still change, according to the people, who asked not to be identified discussing private information. A representative for Scale did not immediately respond to requests for comment. Meta declined to comment. Scale AI, whose…
Billionaire college dropout Lucy Guo is reportedly the youngest self-made woman on the planet—knocking Taylor Swift off the top spot. But even with a $1.3 billion reported net worth, the 30-year-old cofounder of Scale AI tells Fortune she still pinches the pennies and shops at Shein. Despite founding and retaining a $1.3 billion stake in an AI unicorn, you won’t catch Lucy Guo wasting her billions on a lavish lifestyle to match her new status. “I don’t like wasting money,” the frugal 30-year-old tells Fortune. Of course, sometimes Guo will splurge—like if she’s got a 16 hour flight to endure,…
People attend Computex 2025 in Taipei in May. – I-Hwa Cheng/AFP/Getty Images In the largest single foreign investment in US history, Taiwan Semiconductor Manufacturing Company has unveiled a $100 billion investment, drawing global attention and prompting concern in Taiwan. TSMC, which produces more than 90% of the world’s advanced semiconductor chips that power everything from smartphones and artificial intelligence (AI) applications to weapons, will build two new advanced packaging facilities in Arizona, among others. Here’s everything you need to know about advanced packaging technology, which has seen exponential demand growth along with the global AI frenzy, and what that means…
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Amid changing government priorities, trade tariffs and questions about product safety, defense technology startup Shield AI remains positioned for growth, CFO Kingsley Afemikhe said in an interview. The company has faced increased scrutiny after a recent Forbes report highlighted an accident with Shield AI’s V-BAT drone during a U.S. Navy demonstration of the technology in April 2024. A U.S. service member was seriously injured when his fingers were caught in the drone’s spinning blades when he approached during…
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.…