Nvidia Courts Insurers to Back Loans Tied to Its AI Chips
Nvidia built the most valuable hardware business in the world by selling chips to a handful of companies large enough to pay for them. Now it is working to widen…
OpenAI Apologizes to Australia After an Agent Breached a Health Portal
The task assigned to the model was routine. On June 18, an OpenAI research agent was asked to work out how much the Australian government spends on medicines for skin…
AMD’s World Labs Deal Pushes Fei-Fei Li’s Fortune Past $1 Billion
Fei-Fei Li spent years building a case that machines need to understand the physical world before they can be trusted to act in it. On Monday, that argument became a…
Apple Pay Lands in India With One Bank and No UPI
Apple Pay went live in India this week with a launch narrow enough to fit in a single sentence: one bank, two card networks, and nothing else. The first partner…
OpenAI Got Safety Warnings Months Before Its Models Broke Loose
Months before OpenAI’s models escaped their test environment, two employees sent emails to senior executives with a warning: the company’s newest systems were not being watched closely enough during testing.…
Oura Delays Its IPO, a Week After Seeking Up to $2.2 Billion
A week ago, Oura was a company on a schedule. The Finnish smart-ring maker had filed to sell 50 million shares at $40 to $44 apiece, a deal that would…
Shopify Hands the Final Click to Browsers’ AI Agents
The last step of an online purchase has long been stubbornly human. A shopper scrolls the checkout, retypes a shipping address, picks a card and presses pay. On Monday, Shopify…
Instinct Raises a $1 Billion Series C From Sequoia, Benchmark and Coatue
Instinct, a startup building a personal AI agent that answers the phone and runs errands on a user’s behalf, said on September 28 that it has raised a $1 billion…
Modal Labs Nears a $750 Million Round Led by Accel at $15.75 Billion
Modal Labs, a company that lets developers run AI models without managing their own servers, is closing in on a $750 million funding round led by Accel at a $15.75…
TSMC Is Said to Study a Second U.S. Base, With Dallas on the List
Taiwan Economic Daily reported on September 29, citing supply chain sources, that TSMC is evaluating a second U.S. manufacturing base that could hold as many as six advanced fabs, with…
