Tech News from Simmons Systems (Page 147)

Tech News from Simmons Systems

Former Nate CEO Indicted for Faking AI to Attract Investors

The Justice Department charges Albert Saniger with fraud after he allegedly deceives investors by claiming his shopping app uses artificial intelligence when human workers actually handle the transactions.

Fintech Founder Faces Fraud Charges Over Fake AI Shopping App

The founder of Nate raises over $50 million by claiming his shopping app uses AI, but federal prosecutors say the technology relies entirely on human workers in the Philippines.

Mira Murati's AI Startup Targets Record $2B Seed Round

Thinking Machines Lab, the new AI venture from former OpenAI CTO Mira Murati, seeks to raise a staggering $2 billion in seed funding at a $10 billion valuation despite having no product or revenue yet.

Canva Expands Platform With AI Assistant, App Coding, and Spreadsheets

Canva introduces a comprehensive suite of AI features, including a smart assistant and a prompt-based app builder, to keep pace in the competitive design software market.

OpenAI Gives ChatGPT Ability to Reference Past Conversations

OpenAI is rolling out a new feature that allows ChatGPT to automatically use information from previous chats to personalize future responses. The update is currently available only to paid subscribers, excluding several European regions due to regulatory hurdles.

Former OpenAI Executive Mira Murati Seeks Historic $2 Billion Seed Round

Mira Murati's new AI startup, Thinking Machines Lab, reportedly pursues a staggering $2 billion seed round despite current economic volatility. The massive fundraising goal highlights the continued investor frenzy for startups founded by former OpenAI leaders.

Google Reveals Ironwood Chip to Accelerate AI Inference at Scale

Google introduces Ironwood, its seventh-generation TPU designed specifically for AI inference, promising massive computing power and energy efficiency for cloud customers. The new chip intensifies the ongoing battle among tech giants to build custom AI hardware.

Anthropic Introduces Premium Claude Max Plans to Rival ChatGPT Pro

Anthropic launches new $100 and $200 monthly Claude Max subscriptions offering significantly higher usage limits for power users. The move mirrors OpenAI's premium strategy as AI developers seek new revenue streams.

MIT Study Debunks Myth That Advanced AI Possesses Coherent Values

A new MIT study reveals that AI models do not actually hold stable values or beliefs, contradicting viral claims about AI developing human-like value systems. Researchers find that AI systems simply imitate patterns and remain highly unpredictable based on how users phrase their prompts.

Shopify Freezes New Hires Unless AI Cannot Perform the Work

Shopify CEO Tobi Lütke mandates that teams must prove AI cannot do a task before requesting new hires. The company now treats effective AI usage as a fundamental expectation for all employees.

Trump Tariffs Threaten AI Data Center Boom Despite Chip Exemption

Even though semiconductors are temporarily spared, Trump's tariffs hit other critical data center components and disrupt the financing needed for massive AI infrastructure projects.

Figure AI's BMW Robot Partnership Faces Scrutiny Over Exaggerated Claims

Figure AI faces tough questions after BMW reveals that the startup's highly publicized humanoid robot deployment involves only a single machine performing limited tasks, contradicting the CEO's bold claims of a full fleet at work.

Meta Unveils Next-Generation Llama 4 Artificial Intelligence Models

Meta releases its latest Llama 4 AI models, expanding its open-source artificial intelligence lineup. The new models promise enhanced performance and broader capabilities for global developers.

Meta Launches Llama 4 AI Models to Counter DeepSeek Competition

Meta introduces Llama 4, a new family of multimodal AI models powered by an efficient mixture of experts architecture. The release includes two publicly available models and an updated Meta AI assistant, though strict licensing rules block EU users.

Phonic Raises $4M to Build End-to-End Voice AI Stack

MIT graduates Moin Nadeem and Nikhil Murthy founded Phonic to provide a reliable, low-latency voice AI solution for businesses. The startup just secured $4 million in seed funding led by Lux Capital.