Hedge funds sold tech stocks at their fastest pace in two years during last Thursday’s rout, Goldman Sachs’ Tony Pasquariello told clients, Bloomberg reported. The Nasdaq 100 fell 2.9% that day. He expects the bull market to continue, but with less pun…
Faraday Future has completed the sale of its robotics business to FF EAI Robotics Ecosystem (FFR), which trades on Nasdaq, in an all-share deal valued at about $200M. Founder YT Jia becomes FFR’s CEO. FFR expects October shipments above 300 robots and …
Advertisers in Pennsylvania will have to label ads that use AI to mislead consumers about what they are selling. Governor Josh Shapiro approved the Artificial Intelligence Deceptive Advertising Act on 22 October, and it became Act 99 of 2026, according…
Gary Smith has been Ciena CEO since May 2001, and led the company through the telecom crash that followed the fibre boom. He says today’s AI build-out is a different kind of cycle, the optical networking company’s chief executive told Steven Rosenbush …
Anthropic has warned would-be investors that its views on AI safety could make it a political target. The warning is in the risk factors of its S-1 registration statement. The company made it public on Monday, setting out its plans for the Anthropic IP…
Amy Coleman, Microsoft’s chief people officer, announced the Voluntary Exit Offer in a memo to employees on Monday. It is open to eligible staff in participating teams in Canada, India, the UK and the US, at level 70 and below on Microsoft’s internal s…
Bedrock Robotics has closed a $600M Series C co-led by CapitalG and Emergence Capital. The round values the San Francisco startup at $4.1bn after the money, it said in a statement on Monday. It brings the company’s total funding to nearly $1bn. Bloombe…
Apple unveiled the eighth-generation iPad mini on Monday, two days before its Pro and Tell event in Los Angeles. The tablet keeps the footprint of the 2024 model but stretches the screen to 8.5 inches, from 8.3, by cutting the bezels by 24%. It is 5.4m…
Anthropic made its prospectus public on Monday. It filed a registration statement on Form S-1 with the US Securities and Exchange Commission. The company plans to list its Class A shares under the ticker ANT. The filing leaves the price range and the n…
Replit moved most of its AI spending from Anthropic to OpenAI in recent months after OpenAI offered a discount of more than 30%, The Information reported on Saturday. The contract is worth over $100M a year, a person familiar with the deal told The Inf…