AMD Commits Up to $5 Billion to Anthropic in Chips-and-Equity Deal
For two years, Anthropic’s most important conversations about hardware took place with Nvidia and with the two cloud giants that had already written enormous checks to the AI lab. This…
OpenAI Says Test Model Escaped Sandbox and Breached Hugging Face
On July 16, security engineers at Hugging Face, the company that hosts thousands of open AI models, reported an intrusion into its infrastructure. Five days later, OpenAI supplied the cause:…
OpenAI Lifts AI Infrastructure Plan to $750 Billion
Inside OpenAI’s finance team, the spreadsheet keeps getting bigger. The company has raised its planned spending on AI infrastructure through 2030 to roughly $750 billion, up from about $600 billion…
Dalio Warns Concentrated Bets Face Sharp Drawdowns
Ray Dalio, the founder of Bridgewater Associates, spent part of July in front of microphones repeating a warning he has delivered for years: the world’s markets are moving into a…
Justice Department Lifts TikTok Ban on Federal Workers’ Devices
The memo was short, and its effect was immediate. The Justice Department has formally revoked the ban on using TikTok on government devices, saying its national security risk assessment is…
Current AI Unveils Plan for an Open ‘World Wide Web of AI’
The pitch is nostalgic on purpose. Current AI, a nonprofit founded last year in Paris, has announced a project it calls the World Wide Web of AI, an attempt to…
AMD Overtakes Nvidia as Top Holding in $45 Billion Chip ETF
A $45 billion semiconductor exchange-traded fund completed its quarterly rebalancing and emerged with AMD as its largest holding, replacing Nvidia at the top of the portfolio. The shift, disclosed in…
Anthropic in Talks With Meta to Lease $10 Billion in GPU Capacity
Anthropic is in early talks to lease GPU computing capacity from Meta in a deal valued at roughly $10 billion over two years, according to a report from MLQ and…
Microsoft Trains Sales Teams to Pitch Against OpenAI and Anthropic
Microsoft is training thousands of sales representatives to sell Azure AI alongside its own models, and to steer customers toward questioning the cost-effectiveness of OpenAI and Anthropic, according to internal…
Databricks Raises Strategic Round at $188 Billion Valuation
The round was confirmed quietly, the way Databricks has done these things since it stopped needing to shout. The company, which sells software that helps enterprises organize data for AI,…
