In its Q3 earnings call earlier this month, Wolfspeed reported a net loss of roughly $120 million on revenue of around $150 million.
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Amazon put Rufus to work in 2024 and said more than 300 million shoppers were consulting the AI bot on their buys in 2025.
Isomorphic previously raised $600 million in external funding last year, which was also led by NYC’s Thrive Capital.
Cerebras says its chips can perform inference work faster than Nvidia’s GPUs, which are less specialized for inference work.
Shares in Sunnyvale, Calif.-based company rose an eye-popping 20% Thursday, a day after executives reported an earnings beat.
Apple’s supply chain and manufacturing dependencies have turned problematic in the age of tariffs and friend-shoring.
Amazon’s supply chain has a long established lane in customs clearance from China to the US, which is very appealing for potential customers.
OpenAI’s joint venture with private equity giants will turn some 2,000 portfolio companies into potential AI adopters.
Softbank is planning to bundle a bouquet of existing bets together into a new venture at the intersection of AI and robotics.
Polymarket users have a 52% rate of winning long-shot wagers on military actions, a nonprofit research group recently found.
Meta is planning a spending spree later in this year, raising its expected annual capital expenditures from $115 billion to $135 billion.
On Monday, the ChatGPT-maker announced in a statement that it is seriously redefining the terms of its ongoing relationship with Microsoft.
Considering Ternus’ timing, his first time taking the stage as CEO will likely be to introduce the next generation of iPhones this fall.
Concerns of AI disruption for software firms is had had investors yanking money from private credit funds, including Blackstone’s BCRED.
GE Vernova stock jumped nearly 14% Wednesday following the earnings report, widening the past year’s gains to 246%.