Plus: Researchers say they found issues in Apple security using Anthropic’s Mythos AI. And Foxconn reports strong first quarter results, driven by AI hardware sales. Julie Chang hosts.
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[00:00:00] [SPEAKER_02] Organizations are trying to strike a balance between AI adoption and still putting their people first. But WorkHuman founder and CEO Eric Mosley says taking a human-centric approach is vital to getting the most out of new technologies. Join WorkHuman later to learn why.
[00:00:16] [SPEAKER_00] Here's your afternoon TNB Tech Minute for Thursday, May 14th. I'm Julie Chang for The Wall Street Journal. An update to this morning. Shares of chipmaker Cerebras Systems surged nearly 70% in their Nasdaq debut, marking the year's largest IPO. The excitement reflects investor fervor over AI. Chip stocks have rallied in recent weeks, driving major stock indexes to new records. And it's likely just the beginning for big IPOs.
[00:00:45] [SPEAKER_00] AI giants, OpenAI, and Anthropic are both eyeing offerings in the second half of the year. And SpaceX, which recently acquired XAI, is planning a June debut. All three are expected to raise even more money than Cerebras in their IPOs. We exclusively report that security researchers say they discovered a new way of circumventing Apple's state-of-the-art security technology.
[00:01:11] [SPEAKER_00] Researchers with Calif, a Palo Alto-based security research company, say they found software issues in Apple's desktop operating system by using techniques from Anthropic's Mythos AI. Mac OS has historically been a tough target for hackers. Researchers say they were able to corrupt Mac's memory and gain access to parts of the device that should be inaccessible. Apple is reviewing the Calif report to validate its findings.
[00:01:37] [SPEAKER_00] The researchers plan to release details of their attack once Apple has patched the underlying issues. And Foxconn reported strong first-quarter results driven by AI hardware sales. The world's largest contract electronics maker saw a 19% net profit increase to more than $1.5 billion, roughly in line with market expectations, and a 29% revenue rise.
[00:02:01] [SPEAKER_00] Once best known as an iPhone assembler for Apple, Foxconn now earns significant revenue from AI servers for firms like NVIDIA. The company's new rotating CEO expects AI server demand to drive growth despite rising memory costs. Cloud and networking products, including AI servers, represented nearly half of revenue through March, while smartphones and other consumer electronics accounted for about one-third.
[00:02:27] [SPEAKER_00] For a deeper dive into what's happening in tech, check out Friday's Tech News Briefing Podcast.
[00:02:34] [SPEAKER_02] What can leaders do to keep people at the center of the workplace in the AI era? Here's WorkHuman founder and CEO Eric Mosley.
[00:02:42] [SPEAKER_01] The reality now with AI and this type of data is we're entering into an era where the human is left behind. And to be able to retain your very best humans is literally the only thing that's going to separate you from your competitors. Because you and your competitors are going to have the same AI tools. It's just your humans against their humans. So you have to keep your best people.
[00:03:06] [SPEAKER_02] Learn more about how companies can identify leadership potential with AI technologies at WorkHuman.com.
[00:03:12] [SPEAKER_01] This content was created by custom content from WSJ, a unit of the Wall Street Journal Advertising Department.