Microsoft will invest $15.2 billion in the United Arab Emirates over the next four years, the company announced Monday at the first annual Abu Dhabi Global AI Summit. The investment will include the first-ever shipments of the most advanced Nvidia GPUs to the UAE. As part of the deal, the U.S. has granted Microsoft a license…
Kevin Rose has a visceral rule for evaluating AI hardware investments: “If you feel like you should punch someone in the face for wearing it, you probably shouldn’t invest in it.” It’s a typically candid assessment from the veteran investor, and one born from watching the current wave of AI hardware startups repeat mistakes he’s…
Alphabet’s X moonshot factory is shifting how it brings ambitious technology projects to market, increasingly spinning them out as independent companies rather than keeping them within the Alphabet corporate structure, X’s head honcho, Astro Teller, revealed at TechCrunch Disrupt this past week. The strategy hinges on a dedicated venture fund that exists solely to invest…
The Trump administration has begun taking direct equity stakes in American companies, not as temporary crisis measures, as in 2008, but as permanent fixtures of industrial policy. The moves raise interesting questions, including what happens when the White House appears on your cap table. At TechCrunch Disrupt in San Francisco last week, Sequoia Capital’s global…
Google says it has removed Gemma from its AI Studio after a U.S. senator accused the AI model of fabricating accusations of sexual misconduct against her. In a letter to Google CEO Sundar Pichai, Senator Marsha Blackburn — a Republican from Tennessee — said that when Gemma was asked, “Has Marsha Blackburn been accused of…
In the midst of an unprecedented AI buildout, Meta is spending more than most. The company is building two massive data centers, and reporting indicates there will be as much as $600 billion in spending on U.S. infrastructure over the next three years. Those figures might not raise eyebrows in Silicon Valley, but they’re…
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. To get this in your inbox, sign up here for free — just click TechCrunch Mobility! We’re mixing things up a bit this week to focus on what was said on, and off, the stage at TechCrunch…
OpenAI CEO Sam Altman recently said that the company is doing “well more” than $13 billion in annual revenue — and he sounded a little testy when pressed on how it will pay for its massive spending commitments. His comments came up during a joint interview on the Bg2 podcast between Altman and Microsoft CEO…
The White House released more details Saturday about a trade deal reached between U.S. President Donald Trump and Chinese President Xi Jinping in a meeting earlier this week. Among other things, the White House said China will suspend the restrictions on exporting rare earth minerals that it announced in October, and it will resume issuing…
Elon Musk and Sam Altman are still taking swipes at each other on Musk’s social media platform X. While both men were founders at OpenAI, where Altman is CEO, they have subsequently sparred across social media, court filings, and corporate blog posts.The latest exchange began when Altman posted what he called “a tale in three…
