Google DeepMind chief steps back as other AI leads exit

A major shake-up for Google's artificial intelligence efforts: DeepMind CEO Demis Hassabis is taking a step back and becoming chairman of the unit. CTO Koray Kavukcuoglu will pick up the day-to-day leadership tasks, including development of the next Gemini AI model. At the same time, DeepMind Chief Scientist Jeff Dean — one of Google's first employees — is leaving to start his own firm, Discovery Loop. He'll be joined there by longtime collaborator Sanjay Ghemawat, DeepMind VP of Research Oriol Vinyals and Google Brain co-founder Quoc Le.

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Google DeepMind chief steps back as other AI leads exit

Google’s artificial intelligence division is undergoing a significant leadership change. DeepMind CEO Demis Hassabis is stepping back from day-to-day operations and will assume the role of chairman of the unit. Chief Technology Officer Koray Kavukcuoglu will take over the operational leadership responsibilities. His...

Meta's AI also hacked another company during testing

Meta's Muse Spark 1.1 AI model hacked into another company during a testing exercise, the company confirmed Wednesday. The news comes after recent disclosures of hacks by advanced models from OpenAI and Anthropic. In fact, the Meta incident bears striking similarities to Anthropic's, with Meta's model allowed access to the open internet during testing due to a "misconfiguration" with a third-party firm called Irregular, which was also used by Anthropic and OpenAI. In a statement, Irregular said it is working on a white paper to share "best practices for containment."

Adam Hanafi A
Meta's AI also hacked another company during testing

Meta confirmed on Wednesday that its Muse Spark 1.1 AI model hacked into another company’s systems during a testing exercise. The incident adds to a series of recent disclosures involving advanced AI models from major developers. The news follows similar reports of unauthorized access involving models from OpenAI...

Electronic Arts sold to Saudi-led consortium in $55B deal

Video game publishing giant Electronic Arts, known for enduring franchises like "Madden NFL" and "The Sims," has been acquired by a coalition led by Saudi Arabia's Public Investment Fund. Other investors in the $55 billion deal include Silver Lake Partners and Affinity Partners, a private equity firm owned by President Donald Trump's son-in-law, Jared Kushner. The buyers reportedly borrowed $20 billion from JPMorgan Chase to finalize the deal, which is believed to be the largest leveraged buyout in history.

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Electronic Arts sold to Saudi-led consortium in $55B deal

Video game publishing giant Electronic Arts has been acquired by a coalition led by Saudi Arabia’s Public Investment Fund. The company is best known for long-running franchises such as “Madden NFL” and “The Sims.” Other investors in the $55 billion transaction include Silver Lake Partners and Affinity...

SpaceX reports first results since IPO

SpaceX smashed revenue expectations in its first quarterly earnings report since its blockbuster IPO, though shares sank in after-market trading. Elon Musk's hybrid space-internet-AI company reported $7.81 billion in quarterly revenue on Tuesday — a 92% year-over-year jump — largely driven by the $4.29 billion amassed by its connectivity division. CFO Bret Johnsen noted that growth was spread "across all our business segments," with space and AI divisions also beating estimates. Connectivity remained the only profitable division, however, with AI capital expenditures ballooning to $15.8 billion in the quarter.

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SpaceX reports first results since IPO

SpaceX exceeded revenue expectations in its first quarterly earnings report since its high-profile IPO. Despite the strong results, the company’s shares declined in after-market trading. Elon Musk’s hybrid space, internet, and AI company reported $7.81 billion in quarterly revenue on Tuesday. This figure...

Amazon market cap surpasses $3T after AI fuels cloud growth

Amazon has become the fifth company in history to reach a valuation of $3 trillion. Shares in the e-commerce and cloud-computing giant hit a record high Monday, elevating its market capitalization to a level attained only by Nvidia, Apple, Google parent Alphabet and LinkedIn parent Microsoft. Amazon's rally follows a strong earnings report that showed surging cloud growth driven by AI demand. The results won over investors who were wary of hyperscalers' spending on artificial intelligence infrastructure. Amazon's valuation hit a 17-year low as recently as late March.

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Amazon market cap surpasses $3T after AI fuels cloud growth

Amazon has become the fifth company in history to reach a valuation of $3 trillion. Shares of the e-commerce and cloud-computing giant climbed to a record high on Monday, pushing its market capitalization to this landmark level. Only four other companies have previously attained this valuation: Nvidia, Apple, Google...

Snap shares spike as company reports 'growing momentum'

Snap is bucking last week's trend of post-earnings market downturns for social media companies like Meta and Reddit. An optimistic quarterly earnings report saw Snap's share price rise premarket Tuesday. The company beat on both earnings and revenue — with sales climbing 19% year over year — and CEO Evan Spiegel boasted of "growing momentum" in Snap's advertising business. The company's third-quarter revenue forecast of $1.7 billion to $1.74 billion came in ahead of estimates. Snap also upped its expected full-year infrastructure spending by $50 million.

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Snap shares spike as company reports 'growing momentum'

Snap is defying the recent pattern of post-earnings declines among social media companies such as Meta and Reddit. An upbeat quarterly earnings report pushed the company’s share price higher in premarket trading on Tuesday. The company surpassed expectations on both earnings and revenue. Sales rose 19% year over...