Tesla Increases Spending Plan to $25 Billion — Here’s Where the Money Is Spending
Tesla CEO Elon Musk began the company’s first-quarter earnings conference with a financial caution, or a warning, depending on how investors feel. Tesla’s capital spending will soar to $25 billion in 2026, according to its first-quarter earnings report, far exceeding its previous annual spending as it seeks to become an AI and robotics company ahead […]
Experience X’s new AI-powered custom feeds
It appears Bluesky isn’t the only company leaning into AI to help build custom feeds. In a spate of recent product releases, X this week announced the release of custom timelines powered by Grok. This allows you to drill down into one of over 75 specific topics through a curated feed that you can pin […]
Tesla’s Q1 revenue boosted by EV sales and FSD subscriptions
Tesla posted higher sales and profits year-over-year, with numbers supported by higher auto revenue and other services, including 1.28 million active subscriptions for fully self-driving (supervised) advanced driver assistance systems. Tesla shares rose 4% in after-hours trading after the company announced its first-quarter results, mainly due to a surge in free cash flow and year-over-year […]
How SpaceX pre-empted $2 billion in funding with a $60 billion acquisition offer
Hours before SpaceX announced a deal giving it an option to acquire Cursor, a maker of AI-powered coding software, for $60 billion, Cursor was expected to close a $2 billion funding round later this week, according to people familiar with the matter. This round would have valued the company at $50 billion. SpaceX said it […]
Google Cloud launches two new AI chips to compete with Nvidia
Google Cloud announced Wednesday that its 8th generation of custom-built AI chips, or tensor processing units (TPUs), will be split in two. One chip, named TPU 8t, is dedicated to model training, and the other chip, TPU 8i, is intended for inference. Inference is the continued use of the model, what happens after the user […]
Google turns Chrome into an AI coworker for the workplace
As part of a series of Google Cloud Next announcements on Wednesday, the company shared enhanced security measures as well as plans to bring an “auto-browse” agent feature to Chrome users in the enterprise. With AutoBrowse, Chrome users can leverage Gemini to understand the live context of open browser tabs and use AI to handle […]
Cosmetics giant Rituals confirms data breach of customer membership records
Netherlands-based cosmetics giant Rituals has confirmed a data breach affecting customers’ personal information after hackers stole large amounts of data from the company’s member database. The company disclosed the breach on Wednesday, according to an email sent to customers seen and verified by TechCrunch. Rituals announced in April that it had identified an “unauthorized download” […]
Cathie Wood’s ARK makes first lead investment in startup Lucra – It’s not AI
ARK Invest Venture Fund has made its first-ever lead investment in an early-stage startup called Lucra, company founder Cathie Wood told TechCrunch. “We’re pretty excited about it,” Wood (pictured above) said in a recent interview about investing in the startup. Lucra has developed a software platform that reimagines corporate loyalty programs into interactive esports-like events, […]
OpenAI partners with Infosys to bring AI tools to more businesses
OpenAI has partnered with Infosys to integrate its artificial intelligence tools, including coding assistant Codex, into the Indian IT giant’s Topaz AI platform. Infosys said the integration will be used to help clients modernize software development, automate workflows, and deploy AI systems at scale, with an initial focus on software engineering, legacy modernization, and DevOps. […]
UK government says spyware that can hack people’s phones exists in 100 countries
According to British intelligence, more than half of the world’s governments have access to commercial spyware that can penetrate computers and mobile phones and steal sensitive information. The UK’s National Cyber Security Center is expected to publish its findings on Wednesday, according to Politico. The report suggests that barriers to accessing this type of surveillance […]