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18.04.26 - 21:21
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AI chip startup Cerebras files for IPO (TechCrunch)
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In recent months, the company announced an agreement with Amazon Web Services to use Cerebras chips in Amazon data centers, as well as a deal with OpenAI reportedly worth more than $10 billion....
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18.04.26 - 18:27
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Former AI SPAC Executives Indicted For Fabricating "Virtually All" Revenue And Customers (ZeroHedge)
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Former AI SPAC Executives Indicted For Fabricating "Virtually All" Revenue And Customers
What looked like a booming AI company was, prosecutors say, an audacious house of cards built on deception.
iLearningEngines (former stock symbol AILE) executives allegedly fabricated virtually every pillar of their business—customers, revenues, and contracts—to cash in on the AI hype and dupe both everyday investors and major institutions.
The scheme involved creating entire fake client ecosystems: shell companies with polished websites, insiders or relatives posing as corporate executives, and bogus multimillion-dollar agreements designed to withstand scrutiny, according to a DOJ press release. As U.S. Attorney Joseph Nocella put it, the company's pitch of AI innovation masked something far more fraudulent: “the truly artificial part of the defendants' story was iLearning's customers and revenues.”
The scale of the alleged deception was staggering. The company reported soaring growt...
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18.04.26 - 17:18
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How JLL is Embracing Artificial Intelligence | C-Suite Saturdays (Bloomberg)
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With a legacy spanning 243 years, JLL is now navigating a landscape transformed by Artificial Intelligence. JLL President and Global CEO Christian Ulbrich joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss how the firm stays ahead of the curve. (Source: Bloomberg)...
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18.04.26 - 15:01
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Beauty Industry Uses AI to Help Consumers (Bloomberg)
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Artificial Intelligence in the beauty industry is becoming increasingly common, both in consumer-facing offerings and behind the scenes in research and development. Bloomberg This Weekend's Lisa Mateo dives into how AI is reshaping the industry. (Source: Bloomberg)...
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