Industry

Industry

The business side of tech. Analysis on tech giants, startups, market trends, emerging technologies, and policies shaping the IT landscape.

yann lecun xai

Yann LeCun says xAI is "kind of a failure" – and the whole AI industry might be headed for a reset

Big quote: Yann LeCun isn't buying the current AI boom – or at least not the way it's unfolding. In a recent interview with CNBC, one of the "Godfathers of AI" and AMI Labs founder took aim at both the business model and the underlying technology of today's leading AI companies, suggesting the industry could be headed for a correction. Along the way, he singled out Elon Musk's xAI as a company facing particular trouble.
spacex ipo musk web money elon musk stock market billionaire big tech with video

SpaceX goes public in the largest IPO ever, and Musk crosses the trillion-dollar line

What $135 (or more) a share buys: a rocket business, Starlink, and a very, very large bet on AI
Why it matters: The largest IPO in history did two things at once: it made Elon Musk the world's first trillionaire, and it quietly converted a privately held rocket company into a stock that millions of investors may soon own whether they chose to or not. SpaceX isn't asking Wall Street to price its launches or its satellites. It's asking the market to bet that a rocket company is on its way to becoming one of the most valuable AI companies on Earth, and to start paying for that future today.
  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9