Phil Spencer will retire after 38 years at Microsoft; Asha Sharma, the president of product in Microsoft's Core AI business, will become the CEO of gaming — Microsoft's head of gaming, Phil Spencer, is leaving the software maker following a 38-year tenure, as the company faces increased challenges in its Xbox business.
Code Metal, which uses AI to let engineers translate legacy code into modern languages, raised a $125M Series B led by Salesforce Ventures at a $1.25B valuation — The Boston startup uses AI to translate and verify legacy software for defense contractors, arguing modernization can't come at the cost of new bugs.
A US judge rejects Tesla's bid to overturn a $243M jury verdict over a fatal 2019 Autopilot crash, a blow for Tesla as it faces a growing wave of lawsuits — A federal judge has rejected Tesla's bid to overturn a $243 million jury verdict over a fatal 2019 Autopilot crash in Florida …
Sources: AMD agrees to backstop a $300M loan from Goldman Sachs for Crusoe to buy AMD AI chips, the first known case of AMD chips used as debt collateral — Chipmaker AMD is pursuing the same growth-driving strategy that has boosted sales at rival Nvidia: lending its financial support to upstart cloud providers buying its chips.
Reddit is testing an AI search feature that takes community recommendations and shows matching products from its advertisers in the results — Reddit announced on Thursday that it's testing a new AI search tool that takes community recommendations and matches them with products …
Efficient Computer, which is developing AI chips with a “spatial dataflow” architecture to minimize energy consumption, raised a $60M Series A — Efficient Computer Co. says it's going to make the dream of low-energy artificial intelligence computing a reality after raising $60 million in early-stage funding today.
OpenAI hires Instagram's VP of global partnerships, Charles Porch, as its first VP of global creative partnerships, seeking to win over a skeptical Hollywood — Charles Porch's newly created role as OpenAI's VP of global creative partnerships signals the AI giant's new focus on the entertainment industry