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SpaceX revenue rockets while AI spending burns billions
SpaceX posted stronger-than-expected revenue in its first results as a public company, but heavy AI-related spending and another quarterly loss left investors unimpressed, sending shares down roughly 10% in pre-market trading. The results highlight the strain many tech firms face as they pour vast sums into AI infrastructure, with Starlink connectivity remaining SpaceX’s only profitable…
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Anthropic is hiring an AI chip design team
Anthropic is assembling a team to design its own custom chips for AI, according to a Business Insider report, as it seeks to co-design hardware and models so its Claude systems run faster and more efficiently. The move reflects surging demand for Claude and intensifying competition among AI firms for scarce infrastructure, suggesting that relying…
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Cloud startup Volta claims $10B AI lab deal for Norway bit barn
Norwegian AI infrastructure startup Volta has emerged from stealth with plans to build “AI factories” in Norway and elsewhere, targeting multiple gigawatts of capacity by 2030. The company, backed by Nvidia and Michael Dell’s family office, positions itself as a “vertically integrated” rent-a-GPU operator similar to rivals such as Nscale and CoreWeave, and says it…
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Capcom names hosts for gamescom Future Games Show line-up
Capcom has confirmed that “Resident Evil Requiem” stars Nick Apostolides and Angela Sant’Albano will co-host the Future Games Show at gamescom in Cologne, Germany, on 26 August. The pair, who voice Leon S. Kennedy and Grace Ashcroft in Capcom’s February-released title, spoke publicly about the role, saying they were “thrilled” to front the showcase and…
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Barnsley’s reinvention from coal to code
A generation ago, Barnsley was searching for a future beyond coal. Today, it is betting its future lies in Artificial Intelligence.
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MacPaw taps Liquid AI to offer on-device inference to devs building for its app store
Ukrainian software developer MacPaw has partnered with AI firm Liquid AI to build locally hosted, on-device AI models, with plans to eventually offer this technology to developers building apps for its SetApp store. The move signals a push towards privacy-focused, offline-capable AI tools, positioning MacPaw’s platform as a rival to Apple’s own on-device AI offerings…
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AMD made over 8 times as much revenue on data centers as it did gaming last quarter
AMD’s latest quarterly results show a stark divide in where its money now comes from, with data centre revenue dwarfing that of its traditional gaming business by a factor of more than eight. The figures underline how thoroughly the AI boom has reshaped chipmakers’ priorities, with server and AI accelerator sales now the dominant driver…
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Teachers need help with AI. A union is offering training – with $23m in funding from big tech
The American Federation of Teachers, a major US labour union with around 1.8 million members, has launched a National Academy for AI Instruction to train educators on using artificial intelligence in the classroom. The $23m programme, funded entirely by Microsoft, OpenAI and Anthropic, aims to train 400,000 teachers over five years, but has proved controversial:…
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Boy George claims Bandcamp “bowed to the pressure of antisemites” for removing his pro-Israel song and hits out at their AI policy
Boy George has accused Bandcamp of removing his 2024 song “Cha Cha Cha” – which addressed the Israel-Gaza conflict from a pro-Israel perspective – after complaints from what he called antisemitic critics. The singer’s comments add him to a growing list of musicians publicly clashing with streaming and hosting platforms over perceived political bias and…