Crusoe Raises $3.9 Billion and Pivots to Truckable AI Factories
Crusoe began in 2018 by mining bitcoin with natural gas that would otherwise have been flared into the air. On September 17, the company that grew out of that trick…
Temporal Raises $550 Million at $12.55 Billion Valuation
Temporal, the AI infrastructure company, said on September 14 that it raised $550 million in a Series E round that values it at $12.55 billion. The round was led by…
Anthropic Selects Nasdaq for a Listing Before the Midterms
Anthropic has picked its exchange. The artificial-intelligence company has selected Nasdaq for its initial public offering, according to a Business Insider report on September 13 that Bloomberg, CNBC, and Reuters…
Nvidia’s CEO Brushes Off the ‘Circular Financing’ Question
On a stage at Goldman Sachs’ Communacopia+ technology conference on September 10, Jensen Huang was asked about the charge that has trailed Nvidia for more than a year: that the…
SoftBank Will Repay the Rest of Its $40 Billion OpenAI Bridge Loan Early
SoftBank Group has spent the year levering up one of the largest bets in its history, and on September 9 it laid out the next step in that chain: repaying…
Cognition Raises $2 Billion as Coding Agents Go Mainstream
Scott Wu built his company on a simple claim: a software engineer that never stops. On September 8, Cognition AI said it had raised $2 billion in a Series E…
Anthropic Moves Its IPO Filing to Late September
The bankers and lawyers running Anthropic’s initial public offering had told investors to expect the company’s registration documents as soon as this week. The calendar has moved. Anthropic now plans…
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…
Nvidia Profit Doubles on AI Chips, With More Growth Pledged
The stock dropped in the first minutes after the close, then turned around and climbed. Nvidia Corp. reported revenue of $96.2 billion for the quarter ended July 26, up 106…
