As an increasing number of AI assistants flood the market, the founder of Ollie, an assistant that respected its users' privacy, says it will be shutting down in a week.
Blackstone's forecast is just a prediction, but naturally, a high junk rating would make it more difficult and costlier for Anthropic to raise the money to keep funding its massive spending that has undergirded its business.
Amazon wants to be the king of AI cloud computing and become the first $1 trillion revenue business. But to do that it will have to continue on its capex spending spree, its CEO said Thursday.
As the AI boom stresses the existing power grid, all sorts of new opportunities for grid modernization are also emerging as a result, industry insiders say.
A newly launched stock class being offered was partially engineered to help Meta founder and CEO Mark Zuckerberg pay the "billionaire's tax," should the measure be voted into law.
The proposed policy seems to offer protections against AI running amok but actually forbids federal agencies from blocking a model's release without the permission of a judge.