The energy firm is the first live test case for Lava Network’s tokenization sandbox, which says it has fielded 40-plus institutional applications since June. Germany has a battery problem. Last year, the country curtailed more than 2,700 GWh of solar generation and spent 573 hours with negative electricity prices, the telltale sign of a grid […]

Enterprise technology has become significantly more interconnected over the past decade. Cloud platforms, automation, artificial intelligence, and software integrations have allowed organizations to operate with greater speed and flexibility, but they have also made understanding digital access far more complicated. Every new application, automated workflow, and API introduces more identities with larger scope that require […]

Two of the biggest AI spenders reported on the same day. Microsoft’s spending showed up as cloud revenue. Meta’s showed up as a hole in its cash flow. Meta’s revenue rose 28% to $60.8bn, beating forecasts, CNBC reported. But profit fell 14% to $15.8bn, earnings per share missed, and the shares dropped about 5% after […]

Microsoft went into its earnings facing one question: is the vast AI spending working? The numbers said yes, mostly. Revenue rose 18% to $90bn for the quarter to 30 June, and net income climbed 31% to $35.8bn, the company reported. Microsoft Cloud brought in $59.3bn, up 27%. The shares rose about 2% after hours. Azure […]

OpenAI made two announcements this week that look unrelated. One is generous. The other explains how it can afford to be. The generous one: OpenAI is giving 100,000 academic researchers free access to its frontier models through 2027, Axios reported. The programme, ChatGPT for Academic Researchers, starts with 10,000 users this summer and scales from […]

On Tuesday, Lilian Weng said she was stepping down from Thinking Machines Lab because the job was making her ill. On Wednesday, she was back at OpenAI. Weng co-founded Thinking Machines Lab with Mira Murati, OpenAI’s former chief technology officer. She is rejoining OpenAI to work on recursive self-improvement, or using AI models to build […]

BMW had two messages for staff this week. It is cutting about 8,000 jobs. And it is handing the brains of its future cars to Qualcomm for the next decade. The German carmaker will shed the roles in Germany by the end of 2027 through a voluntary redundancy scheme, Reuters reported. The cuts hit administration […]

Most AI imaging startups build one model per disease. A Cambridge company has raised $20m to build a single model for the whole chest. Then it can spin the rest out of that. Qureight makes AI imaging tools for lung and heart clinical trials. It closed a $20m Series B led by Molten Ventures, the […]

OpenAI has open-sourced an AI tool that hunts for security holes in your code. There is a catch: the part that does the hunting is still locked behind its approval. The company quietly released the Codex Security CLI this week, before it had even announced it. The code is public, under an open licence. It […]

Less than a year ago, AlphaFold won Google DeepMind a Nobel Prize. Now DeepMind has taken the team that built it apart. The lab has reassigned most of the original AlphaFold-paper authors over the past year, the Financial Times reported. Nearly a quarter of them have left the company altogether. DeepMind confirmed the moves, and […]