Technology

Big Tech

Apple Shows Off Gemini-Powered AI At WWDC

Photo via Apple

The keynote presentation of Apple’s annual developers conference was a farewell sendoff for CEO Tim Cook, who received a standing ovation.

2 min read

Photo via Generalist AI

Artificial Intelligence

Can $2 Billion Startup Generalist AI Solve the Robot Training Conundrum?

Training the AI robots that can interact in the physical world requires a gargantuan set of relevant training data that doesn’t yet exist.

1 min read
Photo illustration by Connor Lin / The Daily Upside

Markets

Wall Street HALO Beckons Investors Trying to Ward Off AI-Driven Losses

As the AI bull run threatens formerly high-growth sectors like software, investors seek safety in HALO companies out of the tech’s reach.

5 min read
Photo via IMAGO/Vernon Yuen/IMAGO/Nexpher Images/Newscom

Semiconductors

Broadcom Selloff Shows Breaking Records Doesn’t Satisfy ‘Perfection’-Seeking AI Investors

Broadcom expects AI-related chip revenue to climb 200% to $16 billion in the current quarter, short of Wall Street’s most bullish forecasts.

2 min read

Blockchain

Bitcoin Sinks to Four-Month Lows as Investors Eye Sparkly IPOs

Photo via Moe Zoyari/ZUMAPRESS/Newscom

Wolfe Research wrote in a note that bitcoin’s four-year cycle could see the token dip below $40,000 this fall before picking back up.

1 min read

Artificial Intelligence

As Anthropic Files for IPO, AI Savings Disappoint America’s C-Suites

Photo via Ibanez-Picciarella/ZUMAPRESS/Newscom

40% of nearly 1,000 major companies surveyed by Bain & Company found cost reductions from AI use of just 10% or less.

2 min read

Artificial Intelligence

Neocloud Competition Heats Up As Nebius’ Market Value Rivals Coreweave’s

Photo via IMAGO/Vincent Isore/IMAGO/IP3press/Newscom

Last month, Coreweave, the largest independent neocloud company, reported its first-quarter revenue doubled to $2.1 billion.

2 min read

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