OpenRouter’s Fivefold Jump Shows What AI Traffic Is Worth
NEW YORK — A little more than three months ago, OpenRouter raised money at a valuation of about $1.3 billion, with GV, Alphabet’s venture arm, leading the round. On Sunday,…
Stripe Nears Finish Line on $7 Billion OpenRouter Purchase
SAN FRANCISCO — The two companies had been circling each other since midsummer, and by Sunday the outline of a deal was firm. Stripe, the payments giant, has finalized an…
PandaAI Raises Three Rounds to Push AI Into Trading Desks
BEIJING — The pitch that PandaAI’s founders have been making to Chinese investors is simple: the tools that made AI useful for writing and coding can be aimed at trading.…
SpaceX Closes $60 Billion All-Stock Deal for Cursor
CAPE CANAVERAL, Fla. — The merger agreement was signed in June, priced in shares rather than cash, and on Thursday the paperwork landed with regulators: SpaceX has completed its acquisition…
Anthropic’s Q2 Revenue Jumps 14-Fold Ahead of a Blockbuster IPO
SAN FRANCISCO — The filing landed with the Securities and Exchange Commission in June, wrapped in the confidentiality that American law grants companies preparing to go public. The number inside…
Google Lets Users Remove Gemini Watermarks, Splitting From Anthropic on AI Labels
Two companies, one law, two answers. Google said this week that users will be able to remove the visible watermark from content generated by its Gemini AI models, according to…
Hedge Funds Trade Pure Semiconductors for AI Applications in Second-Quarter Filings
The 13F filings that arrived last month describe a coordinated shift. Stanley Druckenmiller’s fund added to its positions in Amazon and AMD during the second quarter while selling or eliminating…
OpenAI’s Giant Data Center Drops Water-Cooling Plan as AI’s Resource Bill Grows
A 612-megawatt data center, one of the largest artificial intelligence facilities in the world, has abandoned its planned water-recycling cooling system. The Star reported on August 16 that the OpenAI…
Uber and Pony.ai Plan 2,000 Robotaxis Across Five European Cities
Uber’s driverless expansion is crossing the Atlantic. The ride-hailing company said on August 15 that it is expanding its partnership with Pony.ai, the Chinese autonomous-driving company, to deploy more than…
ChatGPT’s European Free Users Will See Ads as OpenAI Opens a Third Revenue Line
The screens of millions of European ChatGPT users are about to change. Free-tier and Go-plan subscribers across the continent will begin seeing advertisements later this month, according to ppc.land, which…
