Author: IQ TIMES MEDIA

Snap no longer has a deal with Perplexity, the company revealed on Wednesday as part of its quarterly earnings report. The deal, announced last November, would have seen Perplexity’s AI search engine integrated directly into Snapchat. Perplexity was set to pay Snap $400 million in cash and equity over one year as part of the deal. Snap said that the companies “amicably ended the relationship in Q1″ and that its sales guidance “assumes no contribution from Perplexity.” When Snap announced the deal as part of its third-quarter earnings last year, it said it expected revenue from the partnership to begin…

On Wednesday, xAI and Anthropic announced a surprise partnership that has the Claude-maker buying out “all of the compute capacity at [xAI’s] Colossus 1 data center,” roughly 300MW that allowed Anthropic to immediately raise its usage limits. It’s a huge deal for xAI, likely worth billions of dollars. More importantly, it immediately monetized one of the company’s most impressive accomplishments, turning xAI from a consumer to a provider of compute.  It’s tempting to see the arrangement as a shot at OpenAI amid the ongoing lawsuit. But Musk’s explanation on X was that xAI had already moved training to a newer…

Anthropic’s revenue growth is no joke. Just ask Dario Amodei. Loading audio narration… During a fireside chat on Wednesday, the Anthropic CEO said his AI company had 80x year-over-year growth in revenue and usage in the first quarter.Amodei added, half-joking, that he hopes this doesn’t continue because that level of hyper-growth is “too hard to handle.” It might be better to have a “mere 10x” growth, he quipped.Anthropic had planned for anywhere from a “little” revenue growth to 10x, Amodei said, and that gap between expectations and reality is why his company’s computing resources have been stretched thin this year.The…

Did TikTok just have its “glue pizza” moment? Loading audio narration… The company is pulling back on a new artificial intelligence feature it was testing that went haywire, adding wildly inaccurate AI-generated text summaries to videos from users like Charli D’Amelio, Shakira, and Saturday Night Live.These “AI overviews” were designed to provide additional context for a video, recommend similar products to what’s on-screen, and generally explain what was happening. While the tool did a good job summarizing some posts, for others, it hallucinated more than Bryan Johnson did during his livestream mushroom trip.Here are a few chaotic examples of AI…

In late August 2017, key figures at OpenAI (then a small nonprofit research lab) gathered to discuss how they would create a for-profit to commercialize its technology and raise the funds needed to realize AGI. Elon Musk was demanding full control of the company and had just given each of his co-founders a Tesla Model 3. CTO Greg Brockman said he saw that as way of buttering them up at a time when Musk and Sam Altman were vying to win support for their respective visions of the company’s future. OpenAI’s head of research, Ilya Sutskever, had commissioned a painting…

SpaceX, Elon Musk’s space company that also houses his AI company, xAI, is considering spending $55 billion, at least initially, to build a semiconductor factory in Grimes County, Texas, according to a proposal on the county website. The company estimates it may spend a total of $119 billion on the project, which would be a “multi-phase, next-generation, vertically integrated semiconductor manufacturing and advanced computing fabrication facility,” according to the filing. Musk has previously outlined plans for the project, dubbed “Terafab,” that will also see Tesla contributing resources. The companies have roped chipmaking giant Intel into the effort, aiming to develop…

DeepSeek is in talks to raise its first round of venture capital, and in just a few weeks, its potential valuation has soared from $20 billion to $45 billion, the Financial Times and Bloomberg reported. The Chinese AI lab came to prominence in early 2025 after launching a large language model that trained on a fraction of the compute power and at a fraction of the cost of the big U.S. models like those from OpenAI and Anthropic. It has since kept reasonable pace with the top models in the world in areas like reasoning and coding while remaining open…

Anthropic is turning to Elon Musk for computing capacity. Loading audio narration… As the company faces a surge in demand for its AI coding service, Claude Code, Anthropic will use SpaceX’s Colossus One data center to meet the moment. Chief Product Officer Ami Vora announced the blockbuster deal at Anthropic’s developer conference in San Francisco on Wednesday morning.Vora said that Anthropic is doubling the current 5-hour rate limit for developers on Pro, Max, Team, and seat-based Enterprise plans. The company is also raising rate limits for developers using the advanced Claude Opus model’s API, allowing more input and output per minute.…

Google is updating search to refine its AI experience by adding additional context to links, like excerpts from web forums and blogs, as well as a feature that highlights links from a user’s news subscriptions. While citing web forums and discussion boards can help users find answers to more niche queries, this design choice could also prove chaotic. Image Credits:Google (opens in a new window) Two years ago, Google overhauled its search experience to put AI front and center — when you search for something, Google will often summon an “AI Overview,” which has spurred mixed reception from users. People…

Genesis AI, a startup that raised a $105 million seed round to build foundational AI for robotics, has unveiled its first model, GENE-26.5, and it comes with surprise hands. In a demo video, the company showcased various advanced tasks performed by a set of robotic hands it has designed in-house. “The model has always been the goal, because a better model means better intelligence,” Genesis co-founder and CEO Zhou Xian told TechCrunch. But the company soon realized that it needed control over the hardware. “So we decided to go full stack,” he said. Other well-funded companies operate at the intersection…