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SpaceX reported second-quarter revenue growth of 92% year-over-year to $7.8 billion, up from $4.1 billion a year earlier, with its terrestrial artificial intelligence business contributing an outsize share of the increase alongside record growth in its Starlink satellite internet service. Starlink added 1.7 million …
AI-related investment and a related stock market rally are estimated to account for roughly one-third of recent US economic growth, with AI investment alone contributing nearly a quarter of GDP growth, according to economic analysis. Business investment in AI-related categories, including software, data centers …
America's largest technology companies spent $450 billion on AI-related infrastructure last year and are projected to spend roughly $900 billion this year, with spending expected to reach $1.4 trillion in 2027. The companies have borrowed more than $400 billion this year to help fund …
Roughly 10 million American jobs could be displaced by artificial intelligence over the next decade, with entry-level white-collar positions and routine office work particularly exposed. Nearly one in five workers currently expects AI to eliminate their job within five years, even though widespread job …
Major technology companies are increasingly turning to bond markets to finance the construction of AI data centers, as combined capital expenditures across several large firms now exceed the free cash flow their businesses generate. One major technology company's credit rating was downgraded in July …
Market optimism surrounding China's export activity is bolstered by significant demand in the high-tech sector, particularly fueled by artificial intelligence applications. July's exports have exceeded expectations, showcasing the nation's strong manufacturing capabilities. The appeal for AI-driven innovations has become a cornerstone of this export …
The amendment, effective immediately, expands the toolkit for compensating employees, consultants and advisors. The move comes as the AI‑focused firm seeks to deepen its talent pipeline while maintaining flexibility for future financing. Adding a larger pool inevitably raises the dilution profile for current investors, …
Airship AI Holdings announced second‑quarter revenue of $4.12 million, a 92% increase from the same period a year earlier, and gross profit of $3.09 million, up 102% year‑over‑year. The company posted a 75% gross margin, reflecting higher sales of its branded hardware and software …
OpenAI has asked a federal court to throw out Apple’s trade‑secrets suit, contending the litigation is aimed at stifling the flow of AI talent rather than safeguarding proprietary data. The move arrives as both firms vie for top engineers, and the legal battle could …
Google's announcement of an AI leadership reshuffle on Wednesday has significant implications for the artificial intelligence sector, as the search-engine company's changes affect its AI divisions. The departure of chief scientist Jeff Dean, along with three senior AI experts who plan to start a …
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