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Semiconductor giant Intel Corporation has already received $2.2 billion in federal grants from the U.S. Department of Commerce through the U.S. CHIPS and Science Act, the company shared during its Thursday earnings call. Dave Zinsner, Intel’s co-interim CEO, executive vice president, and CFO, said the Silicon Valley-based company received the first tranche of $1.1 billion…
The AI startup market is sprawling, from companies looking to develop new chips, to those using AI to build robots, to others looking to use AI to create niche solutions for industry-specific workflows. There are a lot of potential areas for venture capitalists to invest in, but there are clearly a few subsectors they are…
For years, Vyas Sekar would call up Muckai Girish, an old friend from undergrad, to talk through potential startup ideas and get Girish’s opinion. The two usually talked through an idea and ended the conversation at that. When Sekar called Girish with an idea involving synthetic data in early 2022, the conversation didn’t just end…
Online businesses must deal with fraud at one point or another, which is an unfortunate but inevitable event. Artificial Intelligence (AI) has become an additional and helpful tool to help online companies detect, prevent, and respond to fraudulent activities before they become a notable issue; this is a relief in the face of the overwhelming…
Uber is expanding its fleet of gig workers and creating a new category: AI annotation and data labeling. The ride-hailing company has started hiring contractors for a new AI and data labeling division called Scaled Solutions. These workers complete projects for Uber’s internal business units but are also serving outside customers including self-driving vehicle company…
Warner Music Group reported fiscal fourth-quarter revenue of $1.63 billion, up 4 percent from a year ago, but net income of $48 million fell 69 percent from $154 million a year ago. The bottom line drop disclosed on Thursday was put down to higher interest expense and the impact of exchange rates on the company’s…
Unions representing Hollywood actors and writers went on strike last year to secure protections against AI systems taking their jobs. But Ben Affleck says that actors and screenwriters shouldn’t worry about AI because it’s not capable of doing either job today, and likely won’t for a long time. “Movies will be one of the last…
Bluesky, a social network that’s experiencing a surge in users this week as users abandon X, says it has “no intention” of using user content to train generative AI tools. The social network made the announcement on the same day that X (formerly Twitter) is implementing its new terms of service that allow the platform…
For its most recent Camp, VC and accelerator Betaworks was on the lookout for startups building native applications made possible by AI. The program was first announced in May. To explain this focus, managing partner John Borthwick wrote at the time that while things like AI chatbots and writing assistants exist, “we aren’t yet living…
Silicon Valley accelerator Y Combinator held the second Demo Day for its Summer 2024 cohort on Thursday, and just like we saw on Day 1, AI remains the focus of most startups in this cohort. However, we did also find a few interesting startups that are working on cool tech like drones that can’t be…