OpenAI Hires Meta Executive to Lead Southeast Asia, Australia
Sandhya Devanathan’s post went up on LinkedIn on the morning of Aug. 28: after more than a decade at Meta, she was resigning, taking a short pause, and preparing for…
Cathie Wood Adds Broadcom and Cerebras, Trims AMD and CrowdStrike
The daily disclosure file showed the shift before the market opened: ARK Invest funds had bought more Broadcom and Cerebras, and trimmed positions in AMD and CrowdStrike. The trades, disclosed…
Activist Fund Bids 45% Premium for Samsung’s Stake in Security Firm S-1
The offer arrived with a premium attached and a message implicit in the arithmetic. Flashlight Capital Partners, an activist investment firm, has proposed buying Samsung Group’s entire 20.6 percent stake…
AI Assistant Startup Instinct Raises $350 Million, Valued at $2.5 Billion
Noah Shinn was 23 when he founded Instinct last year, an AI assistant startup with a pitch that sounds simple and a valuation that does not: an agent that manages…
Stability AI Raises $76 Million From Record Labels and EA
The three largest record labels in the world spent years suing AI companies over their catalogs. On Tuesday they put money into one. Stability AI, the London-based company best known…
Meta’s Plan to Replace Thousands of Workers With AI Collapses
Inside Meta Platforms Inc., the initiative had a sweeping ambition: use artificial intelligence to replace thousands of employees. The plan, pushed by Chief Executive Mark Zuckerberg, was to shrink the…
OpenAI Rolls Out Ads Inside ChatGPT, Starting With India
The first banner appeared this week inside the ChatGPT app: a brand’s name and a tagline where a suggestion used to sit. OpenAI has begun selling advertising in its chatbot,…
Thinking Machines Co-Founder Barret Zoph Joins Google DeepMind
The résumé has been through more than most in the AI industry: OpenAI, where he worked on frontier models; the founding of Thinking Machines Lab with Mira Murati; and now…
Salesforce Shares Jump 13% on Earnings and Anthropic Tie-Up
The shares had been written off by a chorus of bears who argued that artificial intelligence would hollow out the software industry, that customers would stop paying for seats when…
Anthropic Signs $45 Billion Compute Deal With Nscale
Bloomberg first reported it, Reuters confirmed it, and by midday Thursday the figure had become the talk of the AI infrastructure world: Anthropic has agreed to lease computing power worth…
