Samsung expects the demand for memory to “far exceed” supply in 2027, the company said in a Thursday (Oct. 29) press release announcing its third quarter financial results. That demand will be driven by companies’ capital expenditure on artificial intelligence (AI) infrastructure, which Samsung expects to reach...
Apple acquired artificial intelligence firm Ascension Labs, which does business as Ascend.io, in June, according to a list of acquisitions maintained by the European Commission. The deal gives Apple the right to make employment offers and to hire certain employees of Ascend, receive a non-exclusive...
Artificial intelligence investors are no longer only backing software for accountants, property managers and call centers. A growing number are buying the businesses themselves. The targets already have customers, recurring revenue and years of operating data. What they lack is the technology to do the...
Amazon is turning the app people open to reorder paper towels into the place they handle a sore throat, a refill and a weight loss prescription. When releasing its third-quarter earnings results Thursday (Oct. 29), Amazon said the number of customers using Amazon Pharmacy rose...
Florida is emerging as an aggressive regulator of artificial intelligence (AI) and major technology platforms, using litigation, child protection requirements and proposed safeguards to challenge the federal government’s preference for lighter oversight. The state is an unlikely leader in that effort. Its conservative Republican governor...
One year after passing the landmark RAISE Act, a pair of New York lawmakers want the state to double down. State Sen. Andrew Gounardes of Brooklyn and Assemblymember Jordan Wright of Harlem introduced a bill on Thursday (Oct. 29) to build on the earlier AI...
Easol raised $30 million in a Series A extension funding round to continue scaling its experience commerce platform designed for festivals, wellness retreats, sports, adventure and location-based entertainment venues, the company said in a Wednesday (Oct. 28) press release. Easol’s extension funding round includes $20...
Google parent company Alphabet saw its stock price drop 13%, and its market value lose $500 billion Thursday (Oct. 29), marking the stock’s worst day ever, the Wall Street Journal reported Thursday. The drop followed Alphabet’s release of its quarterly results on Wednesday (Oct. 28), which stoked investors’ fears about...
Google may have finally caught up with its archrivals. Its new Gemini 4 Carbon model ranks first on the Artificial Analysis Intelligence Index, an independent scorecard that had OpenAI and Anthropic ahead for most of the year. OpenAI answered on price, halving the cost of...