Shares of Moderna plunged 25% on Thursday following a potential leak of Phase 3 clinical trial data for its experimental cancer vaccine, setting off a sharp selloff that comes after Citigroup downgraded Moderna and said its initial positive vaccine results gave it an “unjustifiable” valuation.
Canva has debuted its first foundation model, called Craft, which competes with image generation tools from OpenAI, Google and others. Canva on Friday released Craft, a foundation model that outperforms competition from Google, Elon Musks’s xAI and Microsoft while allowing the design giant to more cheaply offer its own AI wares. Canva began building Craft […]
Elon Musk has invested about $1 billion in fellow billionaire David Ellison’s entertainment conglomerate Skydance, pledging the cash as the company faces a massive debt load following its acquisition of Warner Bros. Discovery.
The six wealthiest people in the world collectively lost $130 billion on Thursday as tech sector stocks tumbled on renewed fears about the return on investment for the hundreds of billions of dollars companies are pouring into AI infrastructure.
Loong Wang’s Metal is a Melbourne-San Francisco startup that raised a huge $45 million seed round. The startup was incubated by Airwallex founder Jack Zhang himself, and the fintech unicorn is its biggest backer. It is no secret that cryptocurrency infrastructure has issues. Consider the retail experience: You walk to your local and buy a […]
Researchers claim the AI’s findings “rank among the most severe vulnerabilities discovered in PHP, and arguably in software history.”
The earnings report follows a strong month for Meta’s stock, which recently recorded its highest point of the year after several months of turbulence.
The AI titan told a Joint Parliamentary Committee that it could be open to paying a fee to a fund for Australian creatives as compensation for using local content to train models. OpenAI says it is open to the idea of paying into a fund that rewards creatives for work used to train its artificial […]
National Australia Bank will eliminate up to 2,500 roles by the end of the 2027 financial year, represent 6 per cent of the bank’s total workforce. National Australia Bank will cut up to 2,500 roles in an internal restructure it says will help it cope with a tough economy and rapid technological change. NAB expects […]
David Reger’s $7 billion Neura Robotics wants to be the Apple of physical AI, building not only an army of industrial and humanoid robots, but also their operating software system and the “gyms” where they will train. Nvidia, Amazon and Tether are onboard to the tune of $1.4 billion.