Nscale’s $103 Billion Order Book Backs Its $35 Billion Valuation
The centerpiece of Nscale’s pitch to public investors is a number the company says it has already locked in: $103.4 billion of contracted AI-computing revenue. The London-based cloud provider filed…
SoftBank’s $11 Billion Bond Sale Buys Time on Its OpenAI Payment
SoftBank Group has a payment of $10 billion coming due to OpenAI on October 1, and it is turning to the bond market to write the check. The Japanese conglomerate…
Nvidia-Backed British Cloud Firm Files for New York Listing
The company that Britain’s technology press has taken to calling the “British Oracle” is taking its listing to New York. Nscale, a London-based provider of AI cloud computing backed by…
SoftBank Plans Record Junk-Bond Sale to Fund OpenAI Investment
Bankers working for SoftBank Group spent the weekend putting the finishing touches on one of the largest high-yield bond offerings a single company has ever brought to market. By Monday,…
Massachusetts and California Tighten AI Rules in Tandem
Two governors moved on the same day to impose new controls on artificial intelligence, a coordinated-looking push from states that have decided Washington will not act for them. On September…
a16z Leads a $40 Million Round in AI Evaluation Startup Vals
Vals, a startup that sells private tests for measuring the abilities of artificial-intelligence models, has raised $40 million in a Series A round led by Andreessen Horowitz, valuing the company…
FTC Raises Amazon Prime Refund Cap to $200
A federal court this week approved a joint motion from the Federal Trade Commission and Amazon to expand the refund program in the Prime “deceptive enrollment” settlement, raising the maximum…
Meta’s Muse Tops the U.S. App Store, Passing ChatGPT
One week after it launched, Meta’s personal AI assistant Muse has climbed to the top of the U.S. App Store free chart, knocking ChatGPT into second place. The ranking, posted…
Trump Wants to Rename AI, Create an ‘AI Force,’ and Appoint an AI Czar
Donald Trump has decided that the problem with artificial intelligence begins with the name itself. In a post on Truth Social on September 19, the former president called the term…
Nvidia Executives’ Stock Moves Are Mostly Tax Withholding, Including Huang’s $9.7 Million
A routine securities filing from Nvidia is drawing attention because of the name at the top of it. According to a Form 4 the company filed with the Securities and…
