If you weren’t careful, you may have missed some important news from Apple that was overshadowed by Meta Platforms’ earnings yesterday. The iPhone-maker released a new family of open-source language models, dubbed OpenELM, on Hugging Face. The models, ranging in size from 270 million to 3 billion parameters (as a reminder, “parameters’ refers to the...

Huawei Technologies is leading a group of Chinese semiconductor companies seeking memory chip breakthroughs that could help China develop home-grown alternatives to Nvidia’s cutting-edge artificial intelligence chips, which can’t be sold to the country. The Huawei-led consortium, backed by funding from the Chinese government, aims to produce high-bandwidth...

ByteDance is internally exploring scenarios for selling a majority stake in TikTok’s U.S. business, preferably to companies outside the tech industry, and without the algorithm that recommends videos to TikTok users, said three people with knowledge of the deliberations. ByteDance’s internal discussions come as President Joe Biden on Wednesday...

Next-generation battery developer SES AI pushed further ahead in the race to commercialize lithium-metal anodes, moving to the B Sample qualification stage with South Korea’s Hyundai Motor. The automaker has not committed to deploying the anodes in its electric vehicles, but the deal sets SES on the path of putting its anodes in Hyundai test vehicles...

Meta Platforms may have just got kicked off Wall Street’s favorites list. Stock of the Facebook owner dropped 16% after CEO Mark Zuckerberg warned the company was entering a new investment cycle, this time in artificial intelligence, that would take a while to flow through to create “profitable services.” Zuckerberg’s comments hit a nerve: Investors...

Meta Platforms’ warning of slowing growth and higher expenses Wednesday night sank the stock, which had run up 43% this year. But Meta executives, not surprisingly, focused on the bright spots —among them, video. Instagram Reels—Meta’s answer to TikTok—now makes up 50% of the time spent on the app, a pretty big number when you think about the feature’s...