General Intuition in Talks to Raise Funds at $6 Billion Valuation
The company trains robots the way children learn: by playing video games. General Intuition, an AI robotics start-up, is in talks to raise a new round of funding at a…
Microsoft AI Marketing Chief Andrea Mallard Departs
The marketing chief of Microsoft’s AI business is leaving. Andrea Mallard, who led marketing for the company’s AI products, including Copilot and the Azure AI platform, has departed, according to…
Hugging Face in Sale Talks at $13 Billion Valuation
SAN FRANCISCO — The first sign that something was in motion came late Sunday, when bankers who had spent the weekend working the phones declined to say who was calling.…
Anthropic’s Pricey Fable 5 Struggles to Win Corporate Spending
SAN FRANCISCO — When Anthropic released Fable 5, its most powerful model, the company’s sales team pitched it as the product that would justify the premium the market was placing…
Nvidia in Talks to Invest in Perplexity at Over $30 Billion Valuation
SAN FRANCISCO — Nvidia, the chip maker whose processors power much of the artificial-intelligence boom, is in discussions to invest in the AI search company Perplexity at a valuation above…
Samsung’s Record $80 Billion Return Fails to Lift Shares; KOSPI Slumps
SEOUL — Samsung Electronics announced on Aug. 20 the largest shareholder-return program in Korean corporate history: up to $80 billion in buybacks and dividends, a figure the company framed as…
SoftBank Plans Record $6.3 Billion Retail Bond Sale to Fund AI Bets
TOKYO — SoftBank Group plans to issue about 1 trillion yen, or roughly $6.3 billion, in retail bonds in the Japanese market, a sale that would be the largest in…
Justice Department Probes a16z’s Board Seats at Rival AI Companies
WASHINGTON — The Justice Department is investigating whether Andreessen Horowitz, one of the most powerful venture capital firms in Silicon Valley, creates conflicts of interest by holding board seats at…
Micron Falls 6.9% as China Memory IPO and Patent Fight Weigh on the Stock
BOISE, Idaho — Micron Technology’s shares fell about 6.9 percent on Monday, sliding below $910, as investors weighed two pressures at once: a coming Chinese memory-chip initial public offering that…
Nvidia Tells Big Customers AI Server Prices Will Rise More Than 15%
The notice arrived over the past week, and it carried a message that procurement teams at the world’s largest cloud providers had been dreading: Nvidia Corp. is raising prices on…
