Uber to Cut About 3,300 Jobs, Its Biggest Round Since the Pandemic
SAN FRANCISCO—Dara Khosrowshahi has spent years telling investors that Uber’s future runs on robotaxis. On Wednesday he told employees the company needs to be smaller to get there. Uber is…
OpenAI Says Its Next Model Finds Zero-Day Flaws Without Help
SAN FRANCISCO—OpenAI said its next flagship model can do what elite security researchers do for a living, and do it without being shown how. The company described the capabilities in…
Nvidia Nears Deal to Buy Hugging Face for About $14 Billion
SANTA CLARA, Calif.—The world’s dominant seller of artificial-intelligence chips is in talks to buy the site where many of those chips get their software. Nvidia is in advanced discussions to…
HiddenLayer Raises $100 Million as AI Security Spending Grows
HiddenLayer, an Austin-based company that sells security software for AI models, said Tuesday it raised $100 million in a Series B round led by Delta-v Capital. Ten Eleven Ventures, Morgan…
iPronics Raises $125 Million for Smaller Optical Switches
iPronics, a Spanish startup that builds optical switches for AI data centers, said Tuesday it raised $125 million in a Series B round led by Maverick Silicon and Light Street…
Polymarket Raises $300 Million Led by Fund Tied to Trump’s Son
Polymarket, the prediction market platform that became famous during the 2024 U.S. election, has raised about $300 million in a funding round led by an investment fund associated with Donald…
a16z Expands Growth Fund to $8.5 Billion, Doubling Down on AI
Andreessen Horowitz, one of Silicon Valley’s most influential venture firms, has expanded its fifth growth fund to $8.5 billion, adding $1.75 billion to the $6.75 billion the fund raised at…
OpenAI’s Ad Business Passes $1 Billion Annualized Revenue
OpenAI disclosed on August 31 that its advertising business, ChatGPT Ads, has reached $1 billion in annualized revenue, a figure confirmed by CNBC and Reuters. The number is notable for…
FTC and 22 States Sue Amazon Over Hidden Ad Auction ‘Soft Floor’
The Federal Trade Commission and 22 states sued Amazon on August 31, accusing the company of quietly rigging its advertising auctions for more than seven years and overcharging more than…
Anthropic and Nvidia-Backed Lambda Strike $35 Billion Cloud Deal
Anthropic has signed a $35 billion cloud computing agreement with Lambda, the Nvidia-backed cloud services provider, according to people familiar with the transaction. The data center capacity at the center…
