Nvidia is in early talks to acquire open-weight model developer Reflection AI or increase its investment, according to the Financial Times. A deal could come within weeks, though the talks could still collapse.
In an episode of TechCrunch's Equity podcast, the hosts discuss what moratoriums on data center construction could mean. They also ask whether the AI industry is struggling to communicate, including whether dropping non-disclosure agreements could win over opponents.
In the US, personal AI agents comb through bank statements for forgotten or duplicate subscriptions and then talk directly to customer service to lower bills. Insurers and telecom operators that profited from customer inertia now face a tireless counterpart.
TSMC is expected to report record third-quarter profit on Thursday, driven largely by demand for AI chips. Investors are also looking for details on a possible expansion of the Taiwanese foundry in Texas.
Job postings for software developers are rebounding, led by senior and AI-focused roles. This comes even as AI automates more coding and entry-level hiring weakens.
IMF chief Kristalina Georgieva likened AI's effect on the global labour market to a slow-moving tsunami, with young job seekers most exposed. A World Bank jobs council is calling for employment support measures of the kind used in crises.