Author: IQ TIMES MEDIA
Over a year ago, Pamir Ehsas worked as a tech lawyer at a prominent Norwegian law firm, helping clients such as OpenAI and other major tech companies with contracts, privacy, and other legal matters. Loading audio narration… Now, Ehsas is building an AI-powered law firm of his own, and the tech cognoscenti are lining up to back it.His company, Moritz, raised $9 million over four days, one week before graduating from Y Combinator, Ehsas told Business Insider. The famed startup accelerator wrote a fresh check alongside Urban Innovation Fund, 20VC, and Inception Fund, a Swedish investor that bet early on…
Sam Altman said he used to wake up to an “unpleasant task” every morning: responding to messages. Loading audio narration… So, he built a solution with AI.In a conversation with Stripe cofounder Patrick Collison, the OpenAI CEO said he used OpenClaw, an AI system designed to take actions across apps, to manage his morning communication overload by building a new app.It was the app Altman “had always wanted to work,” he said.”It’s like this very unpleasant task to wake up in the morning and have to go through all this stuff,” he told Collison. “So I was like, ‘All right,…
When it comes to the specter of AI’s labor-displacing potential, Jensen Huang thinks that the American worker has nothing to fear. During a conversation Monday night with MSNBC’s Becky Quick hosted by the Milken Institute — an economic policy think tank, the jovial Nvidia CEO said that AI was an industrial-scale generator of jobs, not the harbinger of mass unemployment that so-called “AI doomers” have often accused it of being. A number of different topics were broached during the talk, but a central theme that kept coming back was the ongoing economic anxiety surrounding the AI industry and whether it…
CONCORD, N.H. (AP) — In 1985, a 13-year-old girl in New Zealand spotted a pair of purple, lip-shaped sunglasses in “Young Miss” magazine. In March, I traveled 9,000 miles from New Hampshire to deliver them to her, finally fulfilling my pen pal’s decades-old request.International Youth Service, the agency that matched us up 40 years ago, has long since folded, but other pen pal programs have survived — or even began during — the internet age. And even though New Zealand’s postal system has reduced home delivery days, Denmark has stopped delivering letters altogether and Canada is moving in that direction,…
ServiceNow made a more forceful case to investors that it can thrive in the age of AI, outlining long-term financial targets and early signs of traction on Monday. Loading audio narration… During a meeting with analysts, ServiceNow President and CFO Gina Mastantuono said the company is targeting more than $30 billion in subscription revenue by 2030, up from an expected $15.7 billion in 2026. There’s potential upside to more than $32 billion, implying a roughly 20% compound annual growth rate, the CFO added.ServiceNow also pushed back on concerns that AI could erode profit margins. The company said AI reasoning accounts…
Palantir has become the latest company to tout its use of AI tokens. Loading audio narration… On its earnings call Monday, CTO Shyam Sankar said Palantir customers are burning through record numbers of tokens on the company’s AI platform, AIP, because their cost is falling so quickly.Tokens are the building blocks of AI. Each one roughly makes up about ¾ of any word that’s processed by a chatbot, and AI companies often charge based on how many tokens are used.”Tokens are the new coal,” Sankar said, adding that “AIP is the train.”He pointed to Jevons paradox, the idea that gains…
At this year’s Met Gala, a new trend is taking shape: blowback against billionaires. Loading audio narration… From a video projected onto a nine-figure Manhattan pied-a-terre to social posts directed to Anna Wintour, protesters are staging stunts and counterprogramming in opposition to fashion’s biggest night, and some insiders are boycotting the event, which is sponsored by Jeff Bezos and Lauren Sánchez Bezos.The outcry is a symptom of a broader frustration with extreme wealth.As billionaire wealth balloons — the billionaire set was worth a collective $15.8 trillion last year, up 13% from 2024, according to a report by Swiss bank UBS…
The trial for Elon Musk’s lawsuit against Sam Altman started up again after a weekend break. Loading audio narration… On Monday, the Oakland, California, federal courthouse saw testimony from Greg Brockman, OpenAI’s president, who is a co-defendant in the case. Jurors also heard testimony from Stuart Russell, a prominent artificial intelligence scientist whom Musk hired as an expert witness.Brocman is expected back on Tuesday. Shivon Zilis, a former OpenAI board member and mother to some of Musk’s children, is also expected to take the witness stand this week.Here are the biggest takeaways from the trial on Monday, drawn from witness…
In the long-running saga that is Cerebras Systems’ IPO, the finish line is finally in sight. The AI chipmaker said on Monday that it is preparing to sell 28 million shares at $115 to $125 a share. This would raise $3.5 billion and give it a $26.6 billion market cap at the high end. That would be a nice bump in just a couple of months for the late investors who piled into its $1 billion Series H at a $23 billion valuation in February. It would also be a boon to OpenAI and a few of its executives. Should…
Amazon is formally rolling out Anthropic’s Claude Code and OpenAI’s Codex to all corporate employees, pushing beyond its in-house Kiro tool. Loading audio narration… In a note to staff, obtained by Business Insider, VP of Amazon Software Builder Experience Jim Haughwout said Claude Code would be available company-wide immediately, with OpenAI’s Codex set to follow on May 12. Both tools will run on Amazon Bedrock and be managed through Amazon Web Services, saving the need to set up infrastructure or manage capacity, the note stated.”To help you invent more for customers, we are expanding the agentic Al tools available to…