Fresh off bond sale, Amazon borrows $17.5B from banks as AI spending continues
Companies are burning through exorbitant sums of money to keep pace in the AI arms race. Debt is climbing.
Wing drone delivery might not be a novelty anymore
Wing is expanding into seven more U.S. cities through its partnership with Walmart.
Reid Hoffman is leaving Microsoft’s board to go ‘founder mode’ with startup Manus
After a very profitable decade on Microsoft’s board, Reid Hoffman is stepping down to focus on his AI drug discovery startup Manus.
Airbnb’s Brian Chesky plans to launch a new AI lab
The Airbnb CEO said last year it hasn’t struck an LLM partnership because existing products weren’t quite ready.
Uber caps employee AI spending after blowing through budget in four months
Uber’s cutback has occurred after the company had reportedly encouraged staff to use AI as much as possible.
Martin Scorsese becomes the latest — and most unlikely — Hollywood voice for AI
The caveat is that one of the world’s most famous living directors is using the tech solely for storyboarding.
Alphabet plans to raise $80B to pay for AI buildout
“The company is experiencing strong demand for its AI solutions and services from enterprises and consumers, at levels that are exceeding the company’s available supply,” Alphabet said in its statement.
SpaceX’s Starlink nabs American Airlines contract, another win for its IPO
American Airlines said Tuesday it plans to install Starlink on more than 500 Airbus aircraft, the latest carrier win for IPO-bound SpaceX.
OpenRouter more than doubles valuation to $1.3B in a year
OpenRouter has raised a $113 million Series B led by CapitalG. Its 5x growth in usage over six months indicates the multi-AI-model future is here.
Google takes a page out of Meta’s book, announces new audio-powered smart glasses
Google is calling the new devices “audio glasses,” in that users will be able to issue verbal commands to them and get things done via its ecosystem of apps and services, including Gemini.