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News
Google Just Dropped a Bombshell on AI Spending — Alphabet’s $200 Billion AI Bet Is Starting to Pay Off Big
12+ hour, 55+ min ago (458+ words) Google Cloud CEO Thomas Kurian just supplied an unusually concrete answer. Speaking at the Goldman Sachs Communacopia + Technology Conference, Kurian said the aggregate payback period on Google's AI servers is less than two years. More importantly, he said the payback…...
Bro built a $10K/month SaaS with just these 10 tools 🥶
11+ hour, 19+ min ago (128+ words) Meet Piotr, a solo dev in Poland who built Visualizee, an AI rendering tool for architects and interior designers. He runs the whole thing on nights and weekends while working a full-time job.Here’s the entire stack behind a $10K/month…...
Forget NVDA: Peter Thiel's New $419 Million Portfolio Bets Big on the Power Behind AI
1+ day, 6+ hour ago (41+ words) Peter Thiel‘s investment firm, Thiel Macro LLC, disclosed a $418.67 million equity portfolio across eight companies in the second quarter, bypassing semiconductor manufacturers to allocate capital toward electrical grid operators, nuclear developers, tech infrastructure, and conventional energy. Rebuilding Capital in......
Oracle to Spend an Additional $700 Million on More Job Cuts
1+ day, 6+ hour ago (29+ words) Oracle Corp. increased the scale of its planned job cuts while the company grapples with a cash crunch tied to development of large-scale data centers for artificial intelligence work....
Oracle's AI Chips Ran 97.9% Utilized Last Quarter. For Nvidia, That Is What a Shortage Looks Like.
14+ hour, 51+ min ago (697+ words) Most of those chips are Nvidia's. Oracle's cluster design for its biggest AI deployments connects hundreds of thousands of Nvidia GPUs, and its largest planned builds target up to 800,000 of them. So while Nvidia didn't report this week, a company…...
OpenAI IPO Won’t Happen Until 2027, Sam Altman Tells Fortune
8+ hour, 15+ min ago (20+ words) OpenAI will not go public in 2026, Sam Altman told Fortune Magazine in an interview, citing need for safety-related work....
Q&A: Kirkland & Ellis on AI and its deal with Palantir
1+ day, 6+ hour ago (685+ words) Private equity advisers are racing to leverage AI and automate the services they provide to fund managers and their investors. Law firms, such as Kirkland & Ellis, have been among the most active adopters. The dominant name in private fund formation…...
EXCLUSIVE: Anthropic’s $1.2 Trillion Valuation Has A SpaceX Problem: Scarcity, Not Fundamentals
14+ hour, 51+ min ago (433+ words) Anthropic's soaring private-market valuation may say as much about the scarcity of its shares and the broader frenzy around artificial intelligence as it does about the company's underlying fundamentals, Coin Bureau founder and cross-asset analyst Nic Puckrin told Benzinga. A…...
How Navy Federal harnesses AI to confront scam activity
2+ day, 2+ hour ago (541+ words) Although the financial services industry has gotten better at thwarting fraud, it "squeezes the crime balloon," spurring criminal effort and energy to be directed toward harder-to-detect scams, a Navy Federal Credit Union executive said. "The puzzle for fraud is really…...
Hyundai Motor Group Accelerates Autonomous Driving Innovation with AI-Powered Data Flywheel
14+ hour, 51+ min ago (355+ words) Hyundai Motor Group (the Group) announced that it has put its Data Flywheel into full operation, marking a new phase in its autonomous driving technology strategy. The system creates a virtuous cycle of data collection, AI training, validation and deployment…...