AI’s Move From Chatbot to Operator Puts Productivity Claims to Work
Inside a European financial institution, a cluster of software agents now spends its working hours simulating the institution’s entire decision structure. Each agent competes with the others, filtering noise and…
Oracle Prepares Another Round of Job Cuts
Oracle has drafted a new round of layoffs that could remove a double-digit percentage of its workforce, according to people familiar with the matter, with employees bracing for announcements around…
Anthropic Proposes Standard for AI That Controls Machines
Anthropic released a research preview Aug. 27 of a proposed standard for letting AI agents operate laboratory instruments, robots and factory equipment. The Model Hardware Standard, or MHS, is designed…
Lambda Raises $1 Billion in Debt for Nvidia Chips
Lambda, an AI cloud company that rents out Nvidia’s chips, has completed a $1 billion private short-term debt financing arranged by JPMorgan, according to people familiar with the matter. Bloomberg…
SpaceX Builds Turbine Foundry in Texas to Make Its Own Power Gear
In Bastrop, a town east of Austin known for a SpaceX factory that stamps out rocket parts, the company is planning something new: a foundry to cast the blades and…
Tesla’s Robotaxi Debuts in Austin Next Week
The cars have no steering wheels, no pedals, and a light bar across the nose that changes color to match a rider’s app. On Wednesday, Tesla plans to put them…
Nvidia Loses $253 Billion in a Day on Margin Fears
The stock fell 4.6 percent Thursday, wiping out about $253 billion in market value in a single session. The trigger was not the earnings themselves, which beat expectations, but what…
OpenAI to Halt Cursor Model Supply After SpaceX Deal
OpenAI told SpaceX this week that it will stop supplying models to Cursor, the AI coding tool SpaceX agreed to buy in June for $60 billion in stock. The cutoff…
Music Publishers Sue Anthropic Over Claude Training Data
The complaint landed in a federal courthouse late on a Thursday evening, and it named not just a company but two of its founders. Sony Music Publishing and Warner Chappell,…
Samsung and SK Hynix Lead 10 Trillion Won Buyback Wave to Prop Up KOSPI
South Korea’s chip giants are buying their own stock at a pace rarely seen, with Samsung Electronics and SK Hynix leading a wave of share repurchases totaling about 10 trillion…
