Technology

Musk Overshadows SpaceX Executives With Bigger Claims on Debut Earnings Call

SpaceX held its first-ever earnings call, marking a significant milestone for the private space company. CFO Bret Johnsen and President Gwynne Shotwell presented financial results and outlined ambitious company goals during the call. However, Elon Musk repeatedly stepped in to make even larger promises, effectively upstaging his own executives. Musk's interventions consistently escalated the projections and commitments already put forward by senior leadership.

0 comments Read more at TechCrunch

TechnologyTechCrunch ·

Lucid CEO outlines four-point turnaround plan anchored by $1.4B in savings

Lucid Motors CEO Silvio Napoli has laid out a four-pillar strategy aimed at turning around the struggling electric vehicle company. The plan centers on successfully launching a new midsize EV and completing construction of a manufacturing facility in Saudi Arabia. Cost reduction is also a core priority, with the company targeting $1.4 billion in cash savings. Additionally, Napoli has identified robotaxis as a key growth avenue for Lucid's future.

0 comments Read more at TechCrunch

TechnologyTechCrunch ·

TechCrunch Disrupt 2026 Offers Discounted Hotel Deals Near Moscone West

TechCrunch has partnered with hotels near Moscone West in San Francisco to offer discounted rates for Disrupt 2026 attendees. The annual tech conference is scheduled to take place from October 13 to 15, 2026. The hotel deals have been negotiated specifically to provide attendees with the best available prices during the event period. Those planning to attend the conference can take advantage of these partnerships to reduce their accommodation costs.

0 comments Read more at TechCrunch

TechnologyNYT Technology ·

White House Prepares Voluntary AI Security Review Framework for Closed Models

The White House is developing a framework to assess the security risks posed by artificial intelligence systems. The review process will be voluntary in nature, meaning AI developers will not be legally required to participate. The framework is specifically designed to cover closed-source AI models, which keep their underlying code proprietary. Open-source models that publicly share their code will be excluded from the review process. The initiative reflects growing government concern over potential security threats stemming from advanced AI technologies.

0 comments Read more at NYT Technology

TechnologyBBC Tech ·

AI Disrupts Philippines Outsourcing Sector, Leaving Workers Uncertain

Artificial intelligence is increasingly transforming the outsourcing industry in the Philippines, a sector that employs millions of workers. Automation tools are taking over tasks traditionally handled by human agents, such as customer service and data processing. This shift is creating anxiety among workers who fear their jobs may become obsolete as companies adopt AI-driven solutions. The development raises broader questions about the long-term viability of the outsourcing sector, which has long been a cornerstone of the Philippine economy.

0 comments Read more at BBC Tech

TechnologyThe Verge ·

Signal now lets you link multiple phones to a single account

Signal has rolled out an update allowing users to link additional Android or iPhone devices to a single account using one phone number. Previously, the app only supported linking PCs and iPads as secondary devices. With the new feature, users can read and respond to messages across all linked devices simultaneously. Users also have the option to transfer an end-to-end encrypted copy of past messages to each newly linked device, reducing risk if a device is lost, shared, or compromised. The update is available in Signal version 8.20 for Android and version 8.22 for iPhone and iPad.

0 comments Read more at The Verge

TechnologyArs Technica ·

US Senators Push to Ban Wildfire Prediction Markets Over Arson Fears

A group of US Senators is calling for a crackdown on prediction markets that allow people to bet on wildfire outcomes. Fire experts have raised concerns that such markets could financially incentivize individuals to start fires. The senators argue that allowing monetary gains tied to wildfire events poses a serious public safety risk. The push comes amid growing scrutiny of speculative markets that intersect with real-world disasters.

0 comments Read more at Ars Technica

TechnologyArs Technica ·

US Restores Part of Digital Equity Act After Court Ruling Limits Race Provision

The Trump administration had moved to eliminate the Digital Equity Act, a program designed to expand internet access and digital literacy across underserved communities. However, the administration was subsequently compelled to restore a portion of the program, valued at $1.25 billion. A federal judge ruled that a specific provision tied to race within the act was unconstitutional, limiting the scope of the restored program. The partial reinstatement reflects ongoing legal and political tensions over how federal equity programs can be structured and funded.

0 comments Read more at Ars Technica

TechnologyTechCrunch ·

SpaceX Has Purchased $329 Million Worth of Tesla Megapacks in 2024

SpaceX has acquired $329 million worth of Tesla Megapacks so far this year, highlighting the deep financial ties between Elon Musk's companies. Megapacks are large-scale battery energy storage systems manufactured by Tesla. The transaction underscores how SpaceX and Tesla, both led by Musk, increasingly do business with each other. This level of cross-company spending raises questions about the interconnected nature of Musk's corporate empire.

0 comments Read more at TechCrunch

TechnologyThe Verge ·

AMD Data Center Revenue Doubles to $6.7B as Gaming Sales Slide 31%

AMD reported record total revenue of $11.5 billion, a 50 percent year-over-year increase, in its latest quarterly earnings. The company's data center segment was the standout performer, more than doubling year-over-year to $6.7 billion, driven by surging demand for AI infrastructure. Data center sales now account for 58 percent of AMD's total company revenue, up from $3.2 billion in the same period last year. In contrast, AMD's gaming division struggled, with revenue falling 31 percent year-over-year to $779 million, weighed down by price increases and component shortages affecting consoles like the Xbox Series X/S, PS5, and Steam Deck.

0 comments Read more at The Verge

TechnologyBBC Tech ·

SpaceX Reports Loss and Heavy Spending in First Public Earnings

SpaceX has released its first-ever earnings report since going public, revealing a financial loss alongside significant spending. The disclosure marks a notable milestone as the company faces scrutiny over its financial performance. Investor enthusiasm that accompanied SpaceX's stock market debut has been difficult to sustain. The report highlights the substantial costs involved in running and expanding the private space company founded by Elon Musk.

0 comments Read more at BBC Tech

TechnologyThe Verge ·

xAI Revenue Triples to $2.6B but Division Still Lost $1.5B This Quarter

SpaceX's AI division saw its revenue grow more than threefold to $2.6 billion compared to the prior year, driven largely by compute deals with other AI firms. The division nonetheless posted a $1.5 billion loss this quarter, a marginal improvement over the same period last year. SpaceX secured compute agreements with Anthropic in May and Google in June, positioning it as a competitor to neoclouds like CoreWeave. The company has identified its AI division as the primary source of its overall value in documents related to a potential public offering. Growing AI ambitions are also pushing SpaceX to increase its capital expenditure in the sector.

0 comments Read more at The Verge

TechnologyNYT Technology ·

SpaceX AI Spending Surges Nearly 7x Year-on-Year in First Post-IPO Results

SpaceX reported a dramatic rise in capital expenditures in its first financial results since going public, with spending jumping nearly seven times compared to the same period a year earlier. The surge reflects the rocket company's heavy investment in artificial intelligence infrastructure. Revenue also increased during the reported period, signaling overall business growth. The results mark a significant financial milestone for Elon Musk's aerospace firm as it enters a new phase of public market scrutiny.

0 comments Read more at NYT Technology

TechnologyTechCrunch ·

SpaceX Doubles Revenue Driven by AI Compute Deals and Starlink Growth

SpaceX reported a doubling of its revenue compared to the same period last year, according to its first quarterly earnings release since the company went public in June. The strong financial performance was driven in part by compute infrastructure deals with AI firms Anthropic and Google. Starlink, the company's satellite internet service, also contributed significantly to the revenue growth. The earnings report marks a milestone as it is the first such disclosure since SpaceX transitioned to a publicly traded company.

0 comments Read more at TechCrunch

TechnologyArs Technica ·

Texas pauses data center grid connections as power demand surges

Texas has temporarily halted new data center connections to its power grid due to overwhelming electricity demand. The move comes despite Governor Greg Abbott previously promoting Texas as a premier destination for AI infrastructure and data centers. Rapid growth in the data center industry has placed significant strain on the state's power grid. Authorities are pausing new connections to manage grid stability and prevent potential overload. The decision highlights the growing tension between aggressive tech sector expansion and energy infrastructure capacity in Texas.

0 comments Read more at Ars Technica

TechnologyTechCrunch ·

Android Developers May Be Unknowingly Sharing User Location Data With Advertisers

New research suggests that Android app developers may be inadvertently sharing their users' location data with advertisers. The findings indicate that developers are likely unaware that this data sharing is taking place through their apps. This raises significant privacy concerns for Android users whose precise location information may be reaching advertising networks without their knowledge. The research highlights a gap in developer awareness around how third-party advertising integrations handle sensitive user data.

0 comments Read more at TechCrunch

TechnologyThe Verge ·

EA goes private in $55B deal led by Saudi Arabia's Public Investment Fund

Electronic Arts has officially transitioned to a private company after a $55 billion buyout deal closed on Tuesday. The acquisition is led by an investor group comprising Saudi Arabia's Public Investment Fund (PIF), Silver Lake, and Affinity Partners. PIF will hold approximately 93.4 percent ownership of the newly privatized company. The deal involves $20 billion in debt financing, making it the largest leveraged buyout in history. The significant financial burden is expected to drive major strategic changes at EA as the company works to justify the investment.

0 comments Read more at The Verge

TechnologyTechCrunch ·

Open-Weight AI Models Near Frontier Performance but Trail on Safety, Report Finds

A new report by SaferAI has found that Z.ai's open-weight model GLM-5.2 is approaching the capability levels of leading frontier AI systems. However, the model lacks several critical safety mitigations that are typically present in top-tier proprietary models. The findings raise fresh concerns about the pace at which powerful open-weight models are advancing relative to safety and governance frameworks. Researchers warn that without adequate safeguards, the rapid progress of open models could outstrip existing oversight mechanisms.

0 comments Read more at TechCrunch

TechnologyTechCrunch ·

Anthropic Signs $10 Billion Cloud Partnership Deal with AI Startup Volta

Anthropic has entered into a reported $10 billion agreement with AI cloud startup Volta, marking its latest major cloud partnership. The deal reflects the AI company's aggressive strategy of forging large-scale cloud collaborations in recent months. Volta, described as an AI-focused cloud startup, is the newest partner in Anthropic's expanding infrastructure network. The financial scale of the agreement underscores the growing investment appetite in AI cloud services.

0 comments Read more at TechCrunch

TechnologyTechCrunch ·

Wrinkles App Uses AI to Narrate Hidden Histories of Places Around You

Wrinkles is a new AI-powered mobile application available on both iOS and Android platforms. The app functions as an audio tour guide, surfacing local stories and lesser-known historical facts about the user's surroundings. It uses artificial intelligence to deliver this location-based historical content in an engaging, narrative format. The app aims to help users discover the hidden layers of history embedded in everyday places around them.

0 comments Read more at TechCrunch

← NewerPage 21 of 116Older →