Author: IQ TIMES MEDIA
Elon Musk issued a jaw-dropping revenue forecast, ridiculed the ease of building data centers compared to rockets, and envisioned factories on the Moon during SpaceX’s first earnings call on Tuesday.The Tesla and SpaceX CEO — who is well-known for his grandiose predictions — also touted Starlink’s potential for global domination, and predicted AI will become dramatically more advanced by the end of next year.Here are Musk’s five most interesting comments during SpaceX’s inaugural earnings call after its blockbuster market debut in June.1. Rocketing revenueMusk told Wall Street analysts that SpaceX’s internal projections have it reaching $1 trillion in revenue in…
Adam Mosseri wants you to free the knee.As summer temperatures rise, corporate workers may be tempted to swap their khakis for an easy pair of shorts. It’s stirred up a long-running dispute around corporate etiquette: are shorts in the office a sign of freedom, or just plain indecent?The head of Instagram stands firmly with shorts-wearers. On the podcast “Throwing Fits,” Mosseri said that there was a “hot debate” in the company’s office.”I’m pro,” Mosseri said. “But not everyone can pull them off, and not all shorts are created equal.”He doubled down: “I’m definitely pro. When it hits, it hits. But,…
Ukraine-based app developer MacPaw has partnered up with Liquid AI to power its products with locally hosted AI models, and eventually make the tech stack available to developers. The company is also preparing its SetApp app store for AI apps with credit-based plans for users. MacPaw is currently working on its AI assistant Eney, which it unveiled last year, and now plans to build a locally hosted version, for which it has roped in Liquid AI to develop an on-device inference system called Elix as well as a local memory system. “Before training our models, we select an architecture that…
The new deep learning techniques behind LLMs have also given us weather simulations that can run on laptops instead of supercomputers, changing meteorology. But the bigger task for AI may be making it easier for people and organizations to put those forecasts to work. WindBorne Systems, a startup that collects data with the world’s longest-flying weather balloons and feeds it into a powerful forecasting model, has raised a $37 million Series B round to take on that challenge, CEO John Dean told TechCrunch. The new round was co-led by Khosla Ventures and Galvanize, with additional investments from TransLink Capital, Lux…
Jeffrey Escobar’s family all went to the France vs. England World Cup match. He stayed home.The 25-year-old from Miami doesn’t get why the people around him aren’t building more with AI. He sees his friends hang out or watch Netflix. He tells them, “I can’t leave my desk.””It’s like I’m in a dark room, everybody can’t see anything, and I’m the only one holding a light,” Escobar.It’s an isolating feeling. Escobar said it was hard to talk with other guys and go on dates with women. “I just feel like they don’t understand me,” he said.For now, Escobar said his…
Silicon Valley has spent years obsessing over “super apps” that can do it all. AI is powering a new version of that dream.Just take Google, which last week did the most Google thing it could: it killed a product.This wasn’t your textbook Google assassination. The company announced it was axing its new AI Studio app — a mobile companion to its AI developer playground — before it even launched, despite 800,000 people having pre-installed it.The decision came with an explanation: rather than asking users to download yet another app, Google said it wanted to take an approach “where apps emerge…
After 17 years at Quinn Emanuel, Christopher Kercher began building his new law firm from the line for Big Thunder Mountain Railroad at Disney World.With Claude on his phone, he cruised through some of the chores that come with starting a firm. Five years ago, Kercher said, the sheer hassle might have persuaded him to give up. Artificial intelligence removed enough of the friction to make striking out on his own feel possible.Now, Kercher is betting the technology can do something more ambitious: change the shape of the law firm itself.At Kercher Law, he plans to take on the high-stakes…
Will the AI future be closed or open, or a mixture of both? Morgan Stanley studied these three scenarios and found that some companies will win no matter what happens.In a research note this week, the bank’s strategists laid out three possible paths for the AI market over the next few years. The winners change depending on which scenario plays out, but one theme stays remarkably consistent: The companies building the computing backbone that runs AI models and services will remain in a strong position regardless.Closed winsThe first scenario is one where closed, proprietary AI models keep their lead. Companies…
SpaceX wants to turn Starlink Mobile into a full-fledged mobile carrier, and it expects to hit the Big Three wireless giants in the process.During SpaceX’s first earnings call since its June IPO, President Gwynne Shotwell said the company plans to launch its next-generation Starlink Mobile satellites in 2027 and start providing an upgraded service by the end of that year.The network would use the extra wireless capacity — 65 megahertz of spectrum — that the company agreed to acquire from EchoStar. Shotwell said the result would be “100 times better” than Starlink Mobile’s current service.Shotwell also namedropped the three dominating…
AMD says it has a major advantage in the AI chip race against Nvidia: being more open.AMD has long promoted this strategy through its open-source ROCm software, used to program AI chips. Since ROCm is available as open source, it’s free for anyone to use, download, or modify. On the company’s earnings call on Tuesday, AMD CEO Lisa Su said this software is at an “inflection point,” with open-source contributions up 10 times in the past year.Two AMD executives spoke with Business Insider in July, prior to earnings, about how making some of the company’s major software and hardware products…