Analysts Warn Data Centers Could Be a $6 Trillion Risk

Analysts Warn Data Centers Could Be a $6 Trillion Risk

Analysts are raising concerns about the financial outlook for data centers, warning that the global AI industry could face a staggering $6 trillion risk. A recent study by Bain and Co reveals a daunting forecast: to justify the massive investments…

Factory CEO accuses VC board advisor of spying for Cognition

Factory CEO accuses VC board advisor of spying for Cognition

Matan Grinberg, co-founder and CEO of AI coding startup Factory, recently made headlines by firing VC Chris Degnan from his position as a board advisor. This dramatic fallout follows allegations that Degnan shared confidential information with Factory’s biggest competitor, Cognition.…

Cheap mobiles may suffer as AI demands more chips

Cheap mobiles may suffer as AI demands more chips

Manufacturers are finding it increasingly difficult to produce smartphones aimed at budget-conscious consumers, leading to a significant contraction in this market as the decade unfolds. According to Counterpoint Research’s latest forecast, the availability of smartphones priced under $200 could plummet…

AI voice company ElevenLabs sees valuation rise to $22 billion

AI voice company ElevenLabs sees valuation rise to $22 billion

ElevenLabs recently revealed that employees can cash out a portion of their vested equity at a $22 billion valuation. This figure represents a significant jump from the company’s earlier valuation of $11 billion, reached in February after raising $500 million.…