Integral AI’s warnings signs

The once-promising startup signals challenges ahead for the next wave of physical AI ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Here’s your wrap of the latest must-read tech news. For more expansive and analytical coverage from around the globe, get the Tech In Depth newsletter. Market Snapshot Alibaba Group Holding Ltd $124.71 +0.7% NVIDIA Corp $225.01 -0.1% Meta Platforms Inc $568.97 -3.5% Market data as of 08:05 PM ET. Data is subject to provider delays. Your watchlist Top Stories Justice Department probe: VC firm Andreessen Horowitz is the focus of a probe by the US Department of Justice over conflicts of interest involving boards of directors for competing firms. Partners are under pressure to step down from one of their portfolio companies. New AI model: Alibaba launched a beta version of an artificial intelligence music-generation model. HappyShrimp 1.0 can turn a single text prompt into a fully produced song. Telecom deal: Deutsche Telekom agreed to buy a fiber company and a television provider in Poland for an enterprise value around $1.2 billion. It’s a sign of greater consolidation in Europe. Must Reads Anthropic Revenue Run Rate Surpasses $65 Billion Ahead of IPO Anthropic PBC is on track to generate annualized revenue of more than $65 billion based on its current performance, according to people familiar with the matter, up more than sevenfold from its pace at the end of last year. Nvidia to Back Phase of OpenAI Project With Up to $105 Billion Nvidia Corp. has agreed to spend as much as $105 billion to support a massive new data center campus in Ohio set to be leased by OpenAI, marking the latest tie-up between two dominant forces driving the AI boom. AI Is Driving Up Treasury Yields: ‘It Just Touches Everything’ An age-old economics tenet posits that excessive government borrowing leaves little room for companies to tap financial markets and drives their interest rates to punishing levels. It’s called the “crowding out” theory. Beyond The Brief Integral AI had high hopes in 2021 when the firm began developing artificial intelligence models for autonomous cars and robots, Min-Jeong Lee reports in today’s Tech In Depth. But the Japan-based startup couldn’t sustain the financial backing necessary and its demise may signal it won’t be as easy as once thought to get the money necessary for the next wave of physical AI, she writes. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world. This Week In Soundbite Podcasting as a couple may be a great way for entertainers and sports figures to build an audience, Ashley Carman writes in this week’s Soundbite, but what happens to the show when they divorce? Sign up for the Soundbite newsletter to get exclusive reporting on podcasting, the music industry and audio trends from Ashley Carman. Before You Go... Billionaire Mark Cuban Blasts ‘Insane’ Ro Khanna Wealth Tax Proposal Mark Cuban lashed out at Silicon Valley Congressman Ro Khanna over the Democratic lawmaker’s proposal that the government should lend money to billionaires with large paper fortunes to help them pay wealth taxes. Read more We’re improving your newsletter experience and we’d love your feedback. If something looks off, help us fine-tune your experience by reporting it here. Follow Us You received this message because you are subscribed to Bloomberg’s Tech In Brief newsletter. If a friend forwarded you this message, sign up here to get it in your inbox. Unsubscribe Bloomberg.com Contact Us Bloomberg L.P. 731 Lexington Avenue New York, NY 10022 |