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OpenAI is combining teams working on ChatGPT, its Codex coding product and its API into one organization, pressing ahead on its more streamlined strategy despite the prolonged medical leave of top executive Fidji Simo.…

Lawyers for Elon Musk, OpenAI and Microsoft delivered closing statements Thursday in their courtroom battle, setting the stage for jury deliberations next week.…

U.S. Treasury Secretary Scott Bessent said in an interview with CNBC that the U.S. and China will discuss “AI guardrails” during President Donald Trump’s state visit to China this week.…

Anthropic’s latest version of its Mythos AI showed “notable capability jumps” at finding and exploiting undiscovered software vulnerabilities compared to an earlier version of the model, researchers at the U.K.’s AI Security Institute said Wednesday.…

Alibaba Group CEO Eddie Wu said Wednesday that the company expects its annualized revenue from AI model and application services to surpass 10 billion yuan ($1.47 billion) in the current quarter through June, and top 30 billion yuan ($4.4 billion) by the…

Rent the Runway cofounder Jennifer Hyman will step down from the CEO role at the end of this week, the clothing rental company said Wednesday.…

Google will start offering buy now, pay later services Affirm and Klarna for AI-powered shopping transactions in its Gemini app and its AI search mode, the rival fintechs announced on Tuesday.…

BuzzFeed is separating its film and TV production studio and its Tasty food video unit into a separate company, BuzzFeed Studios, and will look to attract new investors, the company said in a securities filing.…

Chinese social media giant Kuaishou Technology said in a regulatory filing on Tuesday that the company’s board of directors is assessing a restructuring of its Kling AI video business that may involve raising outside capital for the unit, confirming an…

Circle, the stablecoin issuer of USDC, jumped 16% Monday after reporting revenue growth and announcing a fundraising for its planned blockchain.…

Elon Musk’s team called the former dean of Columbia Law School to testify Thursday in his lawsuit against OpenAI that the ChatGPT maker acted in several ways inconsistent with nonprofit customs.…

Cloudflare said it is cutting about a fifth of its workforce, joining a growing list of tech companies that have cited AI as a reason to slash jobs.…

Coinbase, the biggest U.S. crypto exchange, reported first-quarter revenue of $1.4 billion, down 31% from a year ago amid a crypto market downturn. Shares fell 5% in after-hour trading.…

Broadcom’s stock dropped 2% following a report in The Information about an $18 billion financing snag in the chipmaker’s custom AI processor deal with OpenAI. Shares have partly recovered since then.…

Elon Musk once offered Sam Altman a seat on Tesla’s board of directors as part of discussions about OpenAI possibly joining Musk’s electric vehicle company, a Musk ally testified on Wednesday.…

Snap’s revenue growth accelerated to 12% in the first quarter, lifted by strong growth in the social media firm’s small subscriptions business.…

Warner Bros. Discovery’s revenues fell 3% in the first quarter, the entertainment firm reported Wednesday, highlighting the challenges facing the Ellison family’s Paramount Skydance, which plans to buy WBD later this year.…

Anthropic has struck a deal to use all of the compute capacity from xAI’s first data center in Memphis within the coming month, the company said on Wednesday.…

AI server chip maker Advanced Micro Devices said Tuesday that its revenue growth would accelerate eight percentage points to 46% in the current quarter, after rising 38% to $10.3 billion in the first quarter. Shares rose 16% in after-hours trading.…

Meta Platforms is building a consumer version of the AI agent OpenClaw and a new agentic shopping tool, The Information reported on Tuesday. The company is training the OpenClaw-inspired agent, internally called “Hatch,” with the goal of internal testing…