Crusoe Raises $3 Billion and Books a $13 Billion Cloud Deal With Jane Street
The trading firm Jane Street built its name on speed, moving in and out of markets faster than anyone else. Now it is signing up for computing capacity on a…
Anthropic Nears a $15 Billion Credit Line Ahead of Its Expected IPO
The banks that will take Anthropic public appear to be the same banks that are lending it money first. Anthropic is close to finalizing an expansion of its revolving credit…
Thinking Machines Seeks More Than $1 Billion at a $40 Billion Valuation
A year ago, Thinking Machines was a seed-stage startup with a famous founder and no product to speak of. Now it is raising money at a valuation among the most…
Hugging Face’s Chief Defends the Nvidia Deal to the Community
The day Nvidia announced it would buy Hugging Face for $12.93 billion, the loudest questions came not from Wall Street but from the platform’s own users, the millions of developers…
Adobe Names Anil Chakravarthy Its Next Chief Executive
Shantanu Narayen has run Adobe for nearly two decades, through the company’s transformation from packaged software to subscriptions and its re-invention around generative AI. On December 1, he will hand…
OpenAI Sets a Higher API Price for GPT-6 Astra
OpenAI’s newest flagship model does more than its predecessor. It also costs more. The company said it is pricing GPT-6 Astra’s application-programming interface at $10 per million input tokens and…
Saudi AI Firm Humain Seeks a $2.5 Billion Fund for Data Centers
The Kingdom of Saudi Arabia has spent years buying artificial-intelligence capacity from abroad. Now one of its own companies wants to build the financing machinery to create it at home.…
TSMC Keeps HBM on Microbumps as Hybrid Bonding Slips
The message went out to suppliers in recent weeks: keep the development lines pointed at microbumps. TSMC, the world’s largest contract chipmaker, has decided to hold off on investing in…
Anthropic’s Sprint to an IPO, and the Record It Wants to Break
When Anthropic’s chief financial officer sat down with prospective investors in August, the questions were not about whether the company would go public. They were about how big the offering…
Washington Sides With OpenAI in the Copyright Fight Over AI Training
At the federal courthouse in Manhattan, where The New York Times is suing OpenAI over the articles its reporters wrote, the government has picked a side. On Wednesday the Trump…
