OpenAI Halts Frontier Training to Bolster Defenses After Cyberattack
Greg Brockman had a message for the people who build and guard OpenAI’s most powerful models: slow down. The company’s co-founder said Tuesday that OpenAI has paused large-scale frontier model…
Anthropic Plots Super-Voting Shares to Shield Founders Ahead of IPO
Anthropic plans to grant its chief executive, Dario Amodei, and the company’s other co-founders a class of shares with outsized voting power, according to two people familiar with the matter,…
Anthropic’s Revenue Tops OpenAI’s as the AI Rivalry Tilts
Anthropic’s second-quarter revenue reached roughly $11.5 billion to $12 billion, according to a Wall Street Journal review of financial documents, surpassing OpenAI’s $6.7 billion in the same period for the…
SK Hynix Unveils $28.6 Billion Buyback as AI Memory Boom Faces a Test
The announcement landed at 8 a.m. in Seoul, before the market opened, and for a few hours it worked. SK Hynix said Wednesday it would buy back and cancel about…
Marvell Hands Google $12.2 Billion in Warrants in Custom-Chip Pact
Marvell Technology said Wednesday it will issue warrants to Google giving the search giant the right to buy about $12.2 billion of Marvell stock, roughly 7% of the company, as…
Nebius Plans $4.5 Billion Convertible Sale to Keep Pace in AI Cloud Race
Nebius Group said Wednesday it plans to raise $4.5 billion through a private placement of convertible senior notes, money it will use to build data centers and expand its AI…
Wall Street Starts Pricing a Tesla-SpaceX Union, One Rocket at a Time
The roadster has been delayed so often that its launch date has become a joke in car circles, but a former Tesla president said Wednesday that the delays are not…
Etched Doubles Its Valuation to $21 Billion as Investors Bet on a Niche Bet
Etched, a startup that makes chips specifically designed to run artificial-intelligence models, said Tuesday it has closed a $700 million funding round that values the company at $21 billion, double…
Cerebras Bets Inference Can Be 30 Times Faster Without the Switches
Cerebras Systems said Wednesday it has built a new generation of its AI server, the CS-4, that eliminates the switching fabric connecting chips and claims the design makes AI inference…
Microsoft’s Eight-Month Fix for a Copilot Flaw Renews Security Questions
Microsoft said Wednesday it has patched a critical vulnerability in its Copilot AI assistant, a flaw that security researchers first reported privately eight months ago. The bug, dubbed CoSnitch, could…
