AI
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Shark Tank’s Kevin O’Leary wants to build a massive $100 billion data center in rural Utah. Residents are revolting
Local residents are revolting against a $100 billion Utah data center project backed by Shark Tank’s Kevin O’Leary that would use more electricity than the entire state does in a year. Commissioners in Box Elder County—a rural county of just under 60,000 residents in the northwest corner of Utah—unanimously voted to advance the 9-gigawatt project
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‘It’s here’: Google issues dire warning after catching hackers using AI to break into computers
Google said Monday that it had disrupted a criminal group’s attempt to use artificial intelligence to exploit another company’s previously unknown digital vulnerability, adding to heightened worries across government and private industry about AI’s risks for cybersecurity. Google shared limited information about the attackers and the target, but John Hultquist, chief analyst at the tech giant’s threat
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Roger Bennett’s message to A-Rod is one for the country: Soccer has already overtaken baseball in America
Roger Bennett walked onto Alex Rodriguez’s podcast a few months ago and delivered the news with the calm of a man who had been waiting decades to say it. A-Rod kept asking some version of the same question — “When’s this soccer thing finally going to take off?” — and Bennett, Liverpool-born, Everton-supporting, and Lower-Manhattan-dwelling
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AI wins have Alphabet poised to become world’s biggest company
Over the past year, Alphabet Inc. has gone from an artificial intelligence afterthought to the one firm in the market with dominant positions in nearly every aspect of the technology. Now it’s on the brink of overtaking AI chip giant Nvidia Corp. as the largest company in the world. “Alphabet holds a significant spot in
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‘The gains will be substantial’: The AI shock is looking a lot like the China shock, and a top economist says that’s actually good news
In 2001, China joined the World Trade Organization, sparking a manufacturing surge for the country. China became the “world’s factory,” and its export rate grew 30% each year from 2001 to 2006, more than double the growth rate from the previous five years. While the U.S. reaped the benefits of cheap imports from its new
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Qualcomm’s CEO is working with ‘pretty much all’ major AI players on top-secret devices—and powering OpenAI’s first push into hardware
Cristiano Amon won’t tell you what’s coming, but he’ll tell you who’s building it. “There are some secret form factors that I cannot tell you about,” the Qualcomm CEO said in an interview with Fortune Editor in Chief Alyson Shontell on the Titans and Disruptors of Industry podcast. “But I think we’re working with pretty much
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Goldman Sachs’ tech boss says tracking individual AI usage isn’t useful. He just watches how fast his 12,000 engineers move from idea to production
Goldman Sachs chief information officer Marco Argenti thinks monitoring every employees’ AI use is the wrong way to measure whether it’s actually making people more productive. As companies increasingly push employees to adopt the technology to try to spur productivity, Goldman’s Argenti is taking a different approach by measuring how quickly his engineering teams can
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Anthropic grew 80-fold in a single quarter. Now it’s renting Elon Musk’s data center to cope
Anthropic CEO Dario Amodei said the AI company had planned for 10x growth, but instead, its revenue and usage grew 80-fold in the first quarter on an annualized basis, a surge he called “just crazy” and “too hard to handle.” The company is growing so fast that its infrastructure has struggled to keep up, forcing
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Is quarterly reporting hurting investors or helping them? The SEC just weighed in—and the debate is far from over
Good morning. This week, the U.S. Securities and Exchange Commission addressed a long-running debate on Wall Street: Are quarterly earnings reports helping investors—or fueling short-term earnings management? On Tuesday, the agency announced a proposed rule and form amendments that would allow semiannual reports to satisfy interim obligations under federal securities laws. The proposal is not
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Why CEO Bill McDermott says ServiceNow’s 39% stock crash is Saaspocalypse ‘nonsense’ and why AI will make it a trillion-dollar company
Bill McDermott’s time at the helm of ServiceNow has been nothing if not eventful. Months after he became CEO at the end of 2019, the COVID pandemic shut down the global economy; then in late 2022, ChatGPT kicked off an AI revolution that continues to transform the business world. Throughout all the tumult, McDermott has