Tech

What Smart People Are Saying About AI Costs: 'Where's the Revenue?'

Uber COO Andrew Macdonald gave voice to the growing concerns that, despite spending big on AI, companies aren't seeing meaningful returns.

Nvidia spends $6.5B on photonics to fix AI's copper bottleneck

Nvidia has invested at least $6.5 billion in photonics companies since March 2026, including $2 billion each in Coherent, Lumentum, and Marvell, up to $3.2 billion in Corning, and participation in Ayar Labs’ $500 million Series E. The spending aims to replace copper with light-based interconnects as AI training clusters outgrow electrical bandwidth limits.

Asana acquires Stack AI for $75M to build AI agent platform

Asana has acquired no-code AI agent builder Stack AI for a reported $75 million, adding cross-system workflow execution to its AI platform. The deal was announced alongside a Q1 earnings beat, with revenue up 9.5% to $205.1 million, as the stock trades 53% below its January level.

Drone start-up Stark set for €2.5bn valuation in new fundraising

German company aiming to secure at least €300mn from investors

Not using AI in public services would mean ‘choosing decline’, UK minister warns

Newly appointed chief secretary to the Treasury Lucy Rigby wants to roll out technology across Whitehall

Are consumers ready for humanoid robots?

Humanoid robots are more impressive than ever before. Not long ago they would barely manage a few steps on stage before falling over but now they are chasing wild boars off the streets in Warsaw and smashing half-marathon records in Beijing. What does this extraordinary leap in engineering mean? And, now that AI is part of the mix, should we be worried about the future? Are consumers ready for the rise of the humanoid robot? The FT's Cristina Criddle reports from San Francisco.

Blue Origin rocket explodes on launch pad during test

Failure comes days before planned launch of internet satellites for Amazon

OpenAI frontier models and Codex are now available on AWS

Helping enterprises bring AI into production through their existing security, governance, and deployment workflows.

SB 53, the landmark AI transparency bill, is now law in California

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The most spectacular rocket explosion since N1 just happened in Florida

New Glenn was due to play a starring role in NASA’s Artemis Program.

Blue Origin's New Glenn rocket explodes during testing in Florida

The explosion is likely a major setback for Jeff Bezos' spaceflight company, and its attempt to compete with SpaceX.

Glean's top line crosses $300M as AI budget-cutting becomes its major selling point

The enterprise AI search startup tripled its annual revenue even as tech giants entered the category.