Thiel Capital Routes Arizona Money Into AI Chip Startup Etched
The money trail runs through Phoenix, and it ends at a chip company that says it can beat Nvidia at its own game. Jack Selby, a partner at Thiel Capital,…
Melinda Gates Backs Magnify Ventures’ Second Fund
The fund is small by the standards of the industry, and its investor list includes one of the most prominent names in American philanthropy. Magnify Ventures has closed its second…
Sandwich Chain’s IPO Filing Is Full of AI. Investors Should Read It Twice
The filing runs to hundreds of pages, and the word appears dozens of times: artificial intelligence, or its ubiquitous abbreviation, AI. The company making the filing sells submarine sandwiches. Jersey…
Tesla Beats Delivery Estimates as Europe Rebounds
The number came in well ahead of what the analysts had modeled, and the market’s first question was the same one it asks every quarter: what does it mean for…
Nvidia Slips Below $200 as AI Spending Comes Under Scrutiny
The level had become a psychological marker as much as a price, and this week the market passed through it. Nvidia’s shares traded below $200 for the first time in…
OpenAI Engineers Say Running Its Models Now Costs Half as Much
The internal message went out on a Monday morning, unsigned and free of fanfare: OpenAI’s engineers had found a way to run the company’s models for half the price. By…
ASML Lifts Revenue Outlook as AI Chipmakers Race for EUV Machines
The executives gathered in Veldhoven on Thursday to deliver news that the company’s own order book had already signaled for months: demand for the world’s most advanced chip-making machines is…
Amazon Builds Custom Chips for Echo and Fire TV as AI Moves Into the Device
The device that sits on millions of kitchen counters is about to get a new brain. Amazon’s top hardware executive said this week that the company is focused on building…
U.S. Nears Voluntary Safety Standards for Frontier AI Models
The officials and the executives had been meeting for weeks in Washington, and by Thursday an outline had finally taken shape: the government would not impose binding rules, and the…
SoftBank Plans U.S. AI Cloud Push With 10 Gigawatts of Data Centers
The plan, according to people familiar with it, has been in preparation for months, and it is audacious even by SoftBank standards: build an American cloud business from scratch, rent…
