DeepSeek has created an official WeChat account for its new 'DeepSeek Harness Team' and posted job listings to develop AI agents that can compete with Anthropic PBC's Claude Code, according to Bloombe…
OpenAI has hired over 100 former investment bankers from Goldman Sachs, JPMorgan Chase, and Morgan Stanley for Project Mercury, an internal initiative to automate financial modeling workflows, with ba…
OpenAI, Anthropic, and SpaceX, with a combined valuation projected in the trillions, are heading toward initial public offerings without publishing audited sustainability reports or full Scope 1, 2, a…
Sequoia Capital is raising its comfort with risk in AI bets, according to a Bloomberg report. The venture firm is increasing its tolerance for uncertainty as it invests in artificial intelligence star…
An internal Google DeepMind document viewed by Bloomberg reveals that the lab's AI-integrated hiring software has been incorrectly screening out qualified job applicants' résumés, prompting the AGI Sa…
Anthropic, Macquarie Asset Management and Singapore's GIC announced a partnership on Monday to develop data centres dedicated to Anthropic under a new platform called Theseus Infrastructure, which wil…
Nicolai Tangen, CEO of Norges Bank Investment Management, said artificial intelligence and robotics could significantly increase productivity and reduce prices within three years, citing a 20% interna…
Nicolai Tangen, CEO of Norges Bank Investment Management, warned that an AI bubble bursting could wipe roughly 35% off the value of the Government Pension Fund Global, the world's largest sovereign we…
Wintermute, a crypto market maker, plans to invest $1 billion over five years in high-frequency trading systems and AI data-center infrastructure to expand into traditional markets, targeting over 50%…
Tencent Holdings reported second-quarter revenue of 204.8 billion yuan (US$30.4 billion), up 11% year on year and beating analyst estimates, while capital expenditures surged 176% to 52.8 billion yuan…
Oracle Corp. is preparing fresh layoffs as it ramps up spending on AI infrastructure, with managers asked to identify affected employees before its second fiscal quarter begins September 1, according …
South Korean chipmakers Samsung Electronics and SK Hynix shares rallied more than 8% after a local media report that Singapore's Temasek plans to invest directly in the two firms, boosting optimism af…
Cognition, the AI coding company led by CEO Scott Wu, is in early talks with investors about a financing that could value it at $40 billion or more, Bloomberg reported on August 11. The proposed valua…
SK Hynix is considering selling its packaging plant in Chongqing, China, as part of a strategic pivot toward high-margin AI memory products, with reports valuing the facility at around US$3 billion. T…
Sonos is preparing the Sonos Ace Ultra, an upgraded version of its Ace headphones with AI and voice assistant support, according to Bloomberg. The device appeared in an FCC filing this week and is exp…
OpenAI completed a stock buyback worth roughly $7 billion, allowing current and former employees to sell shares at the company's $852 billion valuation. The tender offer, initiated after OpenAI's $122…
Sonos is developing the Sonos Ace Ultra, a premium follow-up to its 2024 Ace headphones, with an FCC filing spotted Monday indicating up to five color options and possible voice command support, accor…
Anthropic has reportedly signed a 20-year lease for 191 megawatts of data-center capacity from Bitcoin miner Riot Platforms in a deal with a base value of $9.1 billion, potentially rising to $16.1 bil…
Spotify will begin labeling artist profiles created by artificial intelligence with a new 'AI Personas' label starting mid-September, after allowing artists to self-identify as AI-generated from Tuesd…
Spotify will label AI-generated songs with a new "AI Personas" tag starting mid-September, and these tracks will be excluded from playlist recommendations unless users opt in. The company announced th…