Technology Articles

IQM, a full-stack quantum company out of Finland, went public on the Nasdaq Thursday via a SPAC merger at a valuation of about $1.9 billion. But share prices didn’t pop. They spent most the day below the IPO price — a lukewarm welcome. SPAC mergers are often not...

I can’t tell the exact tipping point from realistic excitement over a new technology, to hype, to aww-come-on — but I’m pretty sure when a sandwich shop with Danny DeVito as its public face talks about AI in its IPO documents, we must be getting close. So it is with...

It’s no secret that AI is a hog, consuming energy and water like no digital technology before it. Now we know just how much Big Tech’s pursuit of AI is costing the environment. Both Google and Amazon released their sustainability reports this week, and the numbers...

Meta is getting into gaming with the launch of a new app called Pocket, which allows people to generate small, interactive apps and games using AI prompts. The software, a result of Meta’s acquisition of the team at the vibe-coded gaming platform Gizmo earlier this...

Hopper, the travel app known for its AI-driven flight and hotel price predictions, has agreed to a $35 million settlement following a lawsuit brought by the U.S. Federal Trade Commission (FTC). The lawsuit accused the company of misleading users by imposing hidden...

Early-stage firm Magnify Ventures has raised $46.6 million for its second fund from LPs, including Melinda French Gates’ Pivotal Ventures. Founded in 2021 by Joanna Drake and Julie Wroblewski, Magnify invests in companies that target the care economy, such as those...

OpenAI CEO Sam Altman has proposed giving 5% of the company’s equity to a U.S. sovereign wealth fund, the Financial Times reported on Thursday, citing two people familiar with the matter. Under the proposal, other AI companies would donate similar stakes, although...

TV Time, a popular app for tracking the shows you’re watching and engaging in community discussions, is shutting down. The company announced via in-app messages that TV Time’s app will be discontinued, no longer offering service after July 15, 2026. The company blamed...

The new CEO of Lucid Motors is continuing to restructure the company after announcing hundreds of job cuts last month: The EV maker on Thursday said its chief financial officer, Taoufiq Boussaid, will be leaving the company. Boussaid’s pending departure comes amid a...

The Department of Homeland Security is investigating a breach of its platform, which federal, state, and local governments and law enforcement use to share intelligence, with one senior lawmaker warning that the information spill could risk national security. News...

On Thursday, Microsoft announced a new operating business called Microsoft Frontier company, focused on delivering successful enterprise AI deployments with Microsoft’s existing AI tools. The project will be backed by a $2.5 billion investment from Microsoft, as well...

Tesla delivered more than 480,000 vehicles in the second quarter of this year, an increase of more than 120,000 from the first quarter, in a sign that the company is still able to attract new buyers for its EVs despite a downturn in the U.S. market. The company said...