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…
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…
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…
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…
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…
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…
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…
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…
SoftBank Seeks $10 Billion Loan to Refinance Its OpenAI Bet
SoftBank Group is in talks to borrow $10 billion for two years to refinance debt it took on to fund its investment in OpenAI, according to people familiar with the…
Marvell Posts Record Revenue but Shares Fall on Chip-Timing Worry
Marvell Technology reported record quarterly revenue on Aug. 28, beating analyst estimates, then watched its shares fall 7.6% in after-hours trading as investors focused on a single line in the…
