California tech CEO arrested for allegedly smuggling $300 million in restricted AI servers to China
Federal authorities in Los Angeles have arrested Greg Yiu Kong Lui, owner and CEO of San Gabriel Valley-based Earthmade Computer Inc., for his alleged role in a scheme to illegally export more than $300 million worth of restricted computer servers and artificial intelligence hardware to China. The unsealed three-count federal indictment charges Lui with conspiracy, money laundering, and smuggling export-controlled technology in violation of the Export Control Reform Act (ECRA
ElevenLabs valuation doubles to $22 billion as enterprise demand for AI voice agents soars
AI voice company ElevenLabs has doubled its valuation to $22 billion after completing a $300 million employee tender offer, marking a sharp increase from the $11 billion valuation it reached in its February funding round. The tender was led by investment firms Wellington and T. Rowe Price, with participation from existing backers including Andreessen Horowitz and Lightspeed, as well as new investors such as EQT and Goldman Sachs. Unlike a traditional funding round, the transa
Anthropic commits $100 million to launch Claude Frontier Academy and train 10,000 AI engineers
Frontier AI developer Anthropic has launched the Claude Frontier Academy, backed by a $100 million financial commitment aimed at training 10,000 enterprise AI specialists by the end of 2027. The initiative addresses a growing implementation bottleneck across corporate settings, where a lack of skilled deployment talent continues to delay production-grade artificial intelligence integration. Editorial credit: Stockinq / Shutterstock The program focuses on what Anthropic calls
Google launches Gemini 4 Argon, its most advanced AI Model
Google has unveiled Gemini 4 Argon, the first model in its new Gemini 4 generation, as the company looks to close the gap with leading AI models from OpenAI and Anthropic. Google describes Argon as its new frontier model for complex, long-horizon workflows spanning software engineering, enterprise knowledge work and cybersecurity. Editorial credit: daily_creativity / Shutterstock Unlike a conventional chatbot designed primarily for short interactions, Argon is built to sustai
Microsoft overhauls Copilot into an autonomous ‘Business Operating System’
Microsoft has announced a massive overhaul of its signature AI assistant, transforming Copilot from a conversational desktop sidekick into an enterprise "business operating system" designed to run cross-functional workflows and manage autonomous AI agents. Editorial credit: gguy / Shutterstock Unveiled by CEO Satya Nadella, the redesigned application consolidates Office software, software development tools, and long-running digital teammates into a single unified workspace, p
