OpenAI to Halt Cursor Model Supply After SpaceX Deal
OpenAI told SpaceX this week that it will stop supplying models to Cursor, the AI coding tool SpaceX agreed to buy in June for $60 billion in stock. The cutoff…
Music Publishers Sue Anthropic Over Claude Training Data
The complaint landed in a federal courthouse late on a Thursday evening, and it named not just a company but two of its founders. Sony Music Publishing and Warner Chappell,…
Samsung and SK Hynix Lead 10 Trillion Won Buyback Wave to Prop Up KOSPI
South Korea’s chip giants are buying their own stock at a pace rarely seen, with Samsung Electronics and SK Hynix leading a wave of share repurchases totaling about 10 trillion…
Trump Discloses Nvidia Stake Above $100 Million as He Praises Chip Earnings
President Donald Trump holds more than $100 million in Nvidia stock, according to public disclosures, and he praised the chip maker’s quarterly results on Aug. 28, calling the numbers “incredible.”…
Micron to Spend $10 Billion on AI Research Lab as Trump Praises Memory Maker
Micron Technology said it will invest $10 billion in an artificial intelligence research laboratory in Boise, Idaho, its home city, and President Donald Trump on the evening of Aug. 27…
a16z Raises $1.1 Billion Fund for the ‘Machine Age’ of AI Hardware
Andreessen Horowitz announced on Aug. 28 that it has raised an $1.1 billion fund dedicated to what it calls the Machine Age: physical infrastructure for artificial intelligence. The fund will…
Apple Raises TV+ Price to $14.99 a Month, Joining Streaming’s Inflation Wave
Apple raised the U.S. price of Apple TV+ from $9.99 to $14.99 a month on Aug. 28, effective immediately, and increased the cost of its Apple One bundles as well.…
Intel Completes Roughly $20 Billion Share Sale to Fund AI Chip Push
Intel said it had completed an equity offering of about $20 billion to $23 billion, one of the largest in the company’s history, to fund AI chip capacity and its…
Judge Rules Pentagon’s Designation of Anthropic Unlawful, Clearing Path to IPO
Late on Aug. 27, U.S. District Judge Rita Lin ruled that the Trump administration’s decision to label Anthropic a “supply chain risk” was unlawful, saying Defense Secretary Pete Hegseth’s designation…
Google Agrees to Pay 260 Million Pounds to Settle U.K. App Developer Lawsuit
Google has agreed to pay 260 million pounds, about $354 million, to settle a British class action accusing the company of abusing its market position by charging app developers excessive…
