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SoftBank and OpenAI announced a new 50-50 joint venture this week to sell enterprise AI tools in Japan under the brand “Crystal Intelligence.” On paper, it’s a straightforward international expansion deal. But SoftBank’s role as a major investor in OpenAI is raising questions about whether AI’s biggest deals are creating real economic value or just moving money in circles. …
Lovable, the Stockholm-based AI coding platform, is closing in on 8 million users, CEO Anton Osika told this editor during a sit-down on Monday, a major jump from the 2.3 million active users number the company shared in July. Osika said the company — which was founded almost exactly one year ago — is also…
The company posted $20.8 billion in client assets, a 48% increase in profit, and plans for a $150 million share buyback program. Shares of social trading and investing platform eToro (Nasdaq: ETOR) rose on Monday after the company reported a 76% year-over-year increase in assets under administration to $20.8 billion in the third quarter. The…
After Tesla shareholders approved a new compensation package that could be worth $1 trillion, CEO Elon Musk appears to be celebrating with a normal weekend on his social media platform X. In an early Saturday morning post with the surely coincidental timestamp of 4:20am EST, Musk posted a video generated by Grok Imagine, the new…
Celebrities: They’re just like us? In a Vanity Fair interview, Kim Kardashian — who has been studying to become a lawyer — discussed her “toxic” friendship with ChatGPT, admitting that she has failed law exams after it told her false information. “I use [ChatGPT] for legal advice, so when I am needing to know the…
If you watched all the way to the end of the new Apple TV show “Pluribus,” you may have noticed an unusual disclaimer in the credits: “This show was made by humans.” That terse message — placed right below a note that “animal wranglers were on set to ensure animal safety” — could potentially provide…
A rough week for tech stocks might signal a loss of investor confidence in artificial intelligence. The Wall Street Journal reports that the Nasdaq Composite Index was down 3% — making this its worst week since President Donald Trump announced his sweeping tariff plan in April. Tech companies that have otherwise performed well this year…
A recent letter from OpenAI reveals more details about how the company is hoping the federal government can support the company’s ambitious plans for data center construction. The letter — from OpenAI’s chief global affairs officer Chris Lehane and addressed to the White House’s director of science and technology policy Michael Kratsios — argued that…
Seven families filed lawsuits against OpenAI on Thursday, claiming that the company’s GPT-4o model was released prematurely and without effective safeguards. Four of the lawsuits address ChatGPT’s alleged role in family members’ suicides, while the other three claim that ChatGPT reinforced harmful delusions that in some cases resulted in inpatient psychiatric care. In one case,…
Kevin Rose has a visceral rule for evaluating AI hardware investments: “If you feel like you should punch someone in the face for wearing it, you probably shouldn’t invest in it.” It’s a typically candid assessment from the veteran investor, and one born from watching the current wave of AI hardware startups repeat mistakes he’s…