When OpenAI hired Denise Dresser from Slack to be its chief revenue officer in December, Fidji Simo, a top-ranking executive, said in a blog post that Dresser’s “experience will help us make AI useful, reliable, and accessible for businesses everywhere.” Four months later, Dresser took on added responsibilities when operating chief Brad Lightcap left that…
As Nvidia partners with Wall Street firms to mobilize more than $500 billion of third-party capital for AI infrastructure, the increasingly complex financing underpinning the boom is coming under closer scrutiny. Hyperscalers and their financial backers are turning to bond markets, joint ventures, leases and other structures to fund an unprecedented infrastructure buildout. At the…
Backed by Uber and powered by Chinese company Pony.ai, Croatia’s Verne has rolled out robotaxi services in the capital city Zagreb since spring 2026. Marko Perkov | Afp | Getty Images BEIJING — U.S. ride-hailing giant Uber is ramping up its global robotaxi coverage with operator Pony.ai. The companies plan to deploy 2,000 of Pony.ai’s…
Reddit mascot rings the opening bell, at the New York Stock Exchange (NYSE) in New York City, U.S., March 21, 2024. Brendan McDermid | Reuters Reddit shares rose 11% in extended trading on Thursday on the social media company’s inclusion in the S&P 500. The company will join the index on Aug 18, replacing AvalonBay…
Steve Eisman is warning that the artificial intelligence boom has become increasingly dependent on the fortunes of just two companies: OpenAI and Anthropic. The investor, best known for his bet against the housing market ahead of the global financial crisis, said the two AI startups account for roughly 70% of AI-related revenue at Microsoft, Amazon,…
In South Korea, where a mountainous landscape makes building huge projects an incredible undertaking, the world’s leading maker of high-bandwidth computer memory is investing $720 billion on what it says will be the largest network of memory factories in the world. SK Hynix, whose market cap has jumped more than fivefold in the past year…
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest-growing large economy. India’s Gujarat International Finance Tec-City, also known as GIFT City, aspires to be what Hong Kong is to mainland China, or what Dubai International…
Alphabet on Wednesday unveiled its new Pixel 11 smartphone lineup, putting its most agentic version of Gemini yet at the center of the devices just weeks before Apple is expected to roll out a rebuilt Siri powered by Google’s AI models. The new lineup includes the Pixel 11, Pixel 11 Pro, Pixel 11 Pro XL…
Gemini AI signage during the Google I/O Developers Conference in Mountain View, California, US, on Tuesday, May 19, 2026. David Paul Morris | Bloomberg | Getty Images DeepMind’s new boss is set to face intense pressure to close the AI performance gap with OpenAI and Anthropic. OpenAI and Anthropic have released new systems in recent…
CoreWeave CEO Michael Intrator appears after the company’s initial public offering at the Nasdaq MarketSite in New York on March 28, 2025. Michael Nagle | Bloomberg | Getty Images CoreWeave shares jumped 13% in extended trading on Tuesday after the AI infrastructure provider reported revenue than topped Wall Street expectations. Here’s how the company did…
