OpenAI’s Nonprofit Arm Writes Its First Check: $40 Million for Cancer Vaccine Data
The first recipient of the money was a cancer center in Chapel Hill, North Carolina. On September 15, the OpenAI Foundation, the nonprofit that sits atop the company’s structure, announced…
OpenAI Backs a House Bill That Would Put Inspectors Inside Its Models
Chris Lehane, OpenAI’s chief global affairs officer, stood before reporters on September 15 and said something the company had never said before. OpenAI, he announced, supports the key provisions of…
OpenAI Paid More Than $300 Million for an iPhone Portrait-Mode Startup
The company sits in Los Altos, a quiet patch of California, and for most of its life it has worked on a single, unglamorous problem: how to make phone cameras…
AI Stocks Fall for a Second Day as the 10-Year Yield Tops 5 Percent
On the morning of September 15, the 10-year Treasury yield touched 5 percent for the first time since 2007. Within hours, the move had found its target: the artificial-intelligence trade…
Justice Department Examines Nvidia’s Groq Deal
The U.S. Justice Department’s antitrust division has opened an investigation into Nvidia’s licensing agreement with the AI chip company Groq, examining whether the deal’s structure was designed to avoid a…
A $110 Billion Media Merger Heads to Settlement Talks
A federal magistrate judge ordered the parties in the Paramount-Warner Bros. Discovery merger dispute to sit down for two days of in-person settlement talks at the end of October. Magistrate…
An Australian Data Center Operator Chases a $5 Billion IPO
Firmus, an Australian operator of data centers built for artificial intelligence workloads, plans to test public markets before the end of October. The company is targeting an initial public offering…
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…
Porsche Exits Rimac, Booking About a Billion Euros
Porsche has sold its stakes in Bugatti Rimac and the Rimac Group, closing the book on an experiment that paired a century-old sports-car maker with a young electric-supercar company. The…
Broadcom Says Anthropic Will Become Its Biggest Custom-Chip Customer
Broadcom Chief Executive Hock Tan told investors on September 14 that Anthropic will become the company’s largest customer for custom chips next year, a position he expects it to hold…
