Tag: internet
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World’s biggest chipmaker TSMC’s sales surge 45% amid buoyant AI demand
TSMC makes chips for Big Tech customers like Nvidia and Google, so the firm’s financial figures are closely watched as a sign of AI semiconductor demand.
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How a small Israeli startup was linked to rogue AI hacks at OpenAI, Anthropic and Meta
The rogue AI attacks involving OpenAI, Anthropic and Meta all tied back to a small Israeli startup named Irregular.
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SK Hynix to invest $38 billion building new memory chip plants as demand soars
Memory prices have surged because of short supply and huge demand with investors watching closely for any changes to the supply-demand imbalance.
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Meta ordered to pay $567 million into abatement fund as remedy to child harms case in New Mexico
A judge in New Mexico ordered Meta to pay $567 million into an abatement fund after a jury ruled the company violated the state’s unfair practices act.
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Etsy laying off 12% of staff in bid to streamline business, position for growth
Etsy announced the layoffs along with second-quarter earnings.
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Meta debuts first AI coding agent to take on Anthropic and OpenAI
Meta released its first coding agent called Muse Code as the company ramps up its investments in AI models and services to try and take on Anthropic and OpenAI.
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Amazon’s Zoox to launch paid robotaxi service in Las Vegas on Aug. 10
It’s the company’s first commercial market after Zoox started offering free rides to the public in parts of Las Vegas and San Francisco less than a year ago.
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SpaceX dives 10% after AI spending surge rattles investors
CEO Elon Musk said SpaceX would hit $1 trillion in annual revenue in 2030 versus a previous forecast of 2031 as he looked to strike an bullish tone.
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Pinterest shares fall on lukewarm sales guidance
Pinterest reported better-than-expected earnings and revenue for the second quarter, though its forecast was online in line with estimates.
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New Jersey sues Amazon on antitrust grounds, alleging it unlawfully wielded its power over delivery contractors
The complaint alleges Amazon’s third-party delivery model leads to lower wages, unfair working conditions and a lack of competition.
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