OpenAI CEO Sam Altman admitted on the Founders Podcast that he and others in the industry were 'too ambitious' about the speed of AI adoption, saying the economy has 'so much inertia' and will adapt m…
Rare-book dealers report a surge in sales as AI companies buy and digitize antiquarian texts, often slicing physical volumes apart for high-speed scanning, according to The Wall Street Journal. The tr…
Nvidia has agreed to pay $6 billion for a non-exclusive license to Poolside's AI model-development technology and offer jobs to 109 Poolside employees, aiming to build U.S. open-weight models as a dir…
Reddit Inc. has discussed cutting off Google LLC's access to its content when their approximately $60 million annual AI training deal expires, according to The Wall Street Journal, and Reddit's stock …
Google has committed $12 billion to Marvell Technology for development of its next-generation Tensor Processing Units (TPUs), according to The Wall Street Journal. The multi-year agreement covers seve…
Anthropic passed OpenAI in quarterly revenue for the first time, reporting $10.9 billion in Q2 revenue with a $559 million operating profit, while OpenAI's Q2 revenue rose 18% sequentially to $6.7 bil…
Cameron Winklevoss, co-founder of Gemini, called Bitcoin's dip to around $69,000 an 'unprecedented' buying opportunity, comparing the AI-driven capital rotation to a time machine that offers a 50% dis…
A $21 billion startup dubbed 'Kids in Chips' is hiring engineers from Nvidia, according to The Wall Street Journal. The company, which has not been named in the article, is attracting top talent from …
A federal bankruptcy court delayed approval of Google's $10 million purchase of Spirit Airlines' digital records after former flight attendants challenged the privacy terms, moving the hearing from Au…
A new Pew Research study finds 52% of Americans are more concerned than excited about AI, up from 37% in 2021, while a CNBC poll shows most 18- to 34-year-olds distrust top AI leaders. The National Re…
Anthropic generated $11.5 billion in second-quarter revenue, nearly 73% more than OpenAI's $6.7 billion, and posted a small operating profit while OpenAI's operating loss widened to $12.3 billion, acc…
OpenAI's second-quarter sales grew at a slower pace than rival Anthropic, according to The Wall Street Journal, signaling a cooling in the AI market's rapid expansion. The report highlights that OpenA…
Rare earth miners MP Materials (NYSE:MP) and USA Rare Earth (NASDAQ:USAR) fell 3% and 4% respectively on Tuesday as investors dumped AI-adjacent trades amid growing concerns over AI spending. Anthropi…
Anthropic, the AI company led by CEO Dario Amodei, is considering a potential trillion-dollar IPO by 2026, according to The Wall Street Journal, with its valuation surging from $380 billion to $965 bi…
Nvidia disclosed in a securities filing that it will provide up to $105 billion in financing for an OpenAI data center in Pike County, Ohio, built and operated by SB Energy, a figure that is a sharp s…
Stripe finalized an agreement to acquire OpenRouter for more than $7 billion, according to Bloomberg, three months after the AI routing startup raised $113 million at a reported $1.3 billion valuation…
Reddit is cracking down on brands that try to steer community conversations, as marketers increasingly use the platform to influence consumer sentiment and AI results, The Wall Street Journal reports.…
NVIDIA Corp. is in talks to invest up to $3 billion in SB Energy, a SoftBank Group subsidiary building a 10-gigawatt AI data center campus in Ohio for OpenAI, according to The Information. The propose…
Apple Inc. is testing memory chips from China's ChangXin Memory Technologies (CXMT) across its product lines, including iPhones and MacBooks, and is seeking White House approval to use them in product…
Nvidia is in talks to invest up to US$3 billion in SB Energy, a SoftBank Group subsidiary developing a planned Ohio data centre project for OpenAI, according to The Information. The investment is part…