The Next Web (1 hour ago)
Shares in Elice, a South Korean AI data centre company, fell 32% on their first day of trading in Seoul on Tuesday. It was the worst debut on record for a Korean IPO of $100m or more, according to data compiled by Bloomberg, as Yoolim Lee and Youkyung Lee reported.
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Investigative genetic genealogy can help hunt down criminals but raises worries over privacy.
Supermicro expects to report revenue of $18.5bn to $19.5bn for the three months to September, against the $14.5bn to $15.5bn it had guided. The AI server maker put the gap down to “increased demand for AI platforms”.
Donald Trump and Vice President JD Vance said on Tuesday that the Trump administration was giving right-wing YouTuber Nick Shirley $10,000 and launching a $25 million bounty program for members of the public to report fraud.
The US Federal Trade Commission will let Publicis Groupe buy LiveRamp for $2.2bn, but only if the data company keeps serving the agency’s rivals on equal terms. The proposed consent order, announced on Monday, binds both companies for five years.
Netflix is making monetization a top priority amid reports of falling viewing time.
OpenAI says it’s adding Orchestra’s team and technology to work on Rosalind, its AI model for life sciences research, and to its related Rosalind Workbench tool, a harness that aims to help researchers plan experiments and analyze results.
Thore Graepel, who helped build Google DeepMind’s AlphaGo, has launched Metis Reasoning in London. The company’s founding claim is that large language models cannot be trusted to reason. Its founders want to apply the lessons of AlphaGo to general reasoning instead.
Australia expects to take Meta, TikTok, Snap and Google’s YouTube to court over its social media ban for under-16s. Communications Minister Anika Wells told Bloomberg that the eSafety Commissioner, Julie Inman Grant, is using new powers to build the case.
Meta’s Prometheus supercluster in New Albany, Ohio, already runs hundreds of thousands of Nvidia GPUs across several buildings, and Meta plans to grow it to about 1 million. The company set out the details in an engineering blog post on Monday.
Arda Industries, founded by OpenAI’s former research chief Bob McGrew, has come out of stealth with $232 million in funding, the company announced on Tuesday. Its AI software turns new product designs into working assembly lines.
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