The TikTok parent will buy millions of Qualcomm application-specific chips for AI data centres and use Qualcomm to take its own design from blueprint to production. Qualcomm has struck a deal to supply ByteDance with millions of application-specific integrated circuits, the chip designer’s most prominent commitment yet to compete in the AI data-centre market it […]
Kyle McDonald's Apocalypse Early Warning System
A 10%+ surge in Seoul trading on Wednesday pushed the Korean memory firm past $1 trillion, making it the third chipmaker after Nvidia and TSMC to cross the line. SK Hynix’s market capitalisation pushed through $1 trillion in Seoul trading on Wednesday morning, on the back of a single-session rally of more than 10% that […]
Drew Houston, the co-founder who built Dropbox from a Y Combinator demo into a company with more than 700 million registered users, is stepping down as chief executive. Ashraf Alkarmi, Dropbox’s current head of product, has been named co-CEO effective immediately. After a transition period, Houston will become executive chairman and Alkarmi will take […]
Pony AI, the Beijing-based driverless car company, raised its 2026 year-end robotaxi fleet target on Tuesday to more than 3,500 vehicles, up from a previous 3,000, after reporting first-quarter robotaxi revenues that rose 395% year-on-year. The revised guidance came in the company’s Q1 2026 earnings release on Tuesday. Pony AI’s robotaxi fleet has already passed 1,700 vehicles, […]
McKinsey launched a free AI practice tool in April that gives candidates unlimited attempts at the quantitative case study they will face in their interview. The tool is available globally to applicants for entry-level business analyst and associate roles. The firm says it is designed to level the playing field for candidates who cannot afford […]
DeepSeek has made permanent the 75% price discount on its flagship V4 Pro model. The promotion was originally scheduled to expire on 31 May. The Chinese AI startup’s pricing now ranges from $0.003625 to $0.87 per million tokens, down from $0.0145 to $3.48. The price points are striking in context. OpenAI’s GPT-5 charges $2.50 per […]
Salesforce has a problem that no amount of marketing can fix. The company has built its entire narrative around Agentforce, its AI agent platform, and the numbers look impressive on paper: 29,000 deals closed, $800 million in annual recurring revenue, and a roadmap that promises to replace entire categories of human work. But Wall Street […]
Norway’s Government Pension Fund Global, the world’s largest sovereign wealth fund, has withheld its vote on the reappointment of John Elkann to Meta’s board of directors. The fund said it believes the Stellantis chairman and Exor CEO does not have enough time to devote to the role. Norges Bank Investment Management, which manages the $2.3 […]
Oura, the Finnish company that turned a piece of finger jewellery into a serious health-tracking franchise, has filed confidentially for a US initial public offering. The filing comes less than a year after the company closed a $900m Series E that valued it at $11bn, more than double its $5.2bn mark from December 2024. The […]
