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OpenAI recently struck an unusual deal to lessen its dependence on Nvidia’s AI chips and potentially lower its computing expenses in the coming years.
OpenAI has agreed to pay Cerebras more than $20 billion to use servers powered by the firm’s chips over the next three years, double the figure that was previously associated with the deal, according to multiple people with knowledge of the deal.
As part of the agreement, OpenAI will receive warrants for a minority portion of Cerebras’ shares, and that owne
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An East Bay apartment complex has been bought at a price that's well below its prior value. Read more ›
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Today Spotify has announced that it's revamped its tablet interface - for both Android tablets and iPads. The "new app experience" is tailored for tablets from the ground up, and is "designed to make listening, watching, and discovery feel more natural on larger screens", according to the official press release. The redesigned tablet UI isn't just a scaled up phone version as before. Instead, it's designed to take advantage of... Read more ›
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Chip startup Cerebras is planning to make its IPO paperwork public as soon as Friday, The Information reported Thursday. It aims to raise more than $3 billion and seeks a valuation of at least $35 billion, which represents a 60% premium to its last private valuation of $22 billion in February. ... Read more ›
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The Pitt season 3 is in development, and one medic has already had a shock departure. But another star is determined to be in the ER until the bitter end. Read more ›
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Author: Gayan Koralage, director Malaysia business and director group strategy at Edotco Group The global economy today is valued at approximately US$100 trillion. The figure, however, is not confined to land alone. Economic value is layered in physical surfaces, skies, oceans and now space. Over the past three centuries, global growth has unfolded in four ... Read more ›
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The deal with the Nevada attorney general will require Roblox to have stricter safeguards to protect children online. Read more ›
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Three senior OpenAI executives who helped launch the company’s original Stargate data center initiative have left or are preparing to depart the ChatGPT maker in the coming days, according to several people with direct knowledge of the matter. Peter Hoeschele, an OpenAI executive who played a key role in getting the Stargate effort off the ground, has already left the company, one of the people said. Two others—Shamez Hemani, who... Read more ›
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Federal Reserve Chair Jereme Powell and Treasury Secretary Scott Bessent on Tuesday summoned leaders of the major U.S. banks, including Citigroup, Bank of America and Wells Fargo, to discuss the cybersecurity risks from Anthropic’s new model, Claude Mythos, Bloomberg reported. The gathering ... Read more ›
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The memory chip market right now is governed by a triumvirate of companies, led by South Korean firm SK Hynix, followed by Samsung, also of South Korea, and U.S. chipmaker Micron. The three stocks soared more than 200% over the last year—and yet they’re still cheap, especially relative to Nvidia’s stock. Investors aren’t giving the companies credit for their stunning growth. SK Hynix and Micron each increased sales nearly 50%... Read more ›
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Boris Cherny, the head of Claude Code, almost parted ways with Anthropic for good last summer. Instead, he has helped shape the coding agent into a megahit that has closed the distance with rival OpenAI. Claude Code has supercharged Anthropic’s growth. After rising from $1 billion in December to $2.5 billion in February, Claude Code’s annualized revenue has accelerated in recent weeks, Cherny said, helping propel Anthropic’s revenue on that... Read more ›
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Cisco Systems is in talks to acquire Astrix Security, a five-year-old Israeli cybersecurity startup that sells software to monitor and secure AI agents, for between $250 million and $350 million, according to people with knowledge of the deal. That would represent at least a 25% premium to the startup’s last valuation of around $200 million, one of the people said. The deal talks come as the popularity of AI agents—AI... Read more ›
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Tesla has won approval to sell its driver assistance software in the Netherlands, the country’s vehicle regulator said on Friday, in a key step toward potentially selling the service in the entire European Union. The Netherlands is the first country in the EU to approve the driving software, ... Read more ›
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Hong Kong has granted its first licenses to issue stablecoins to HSBC and a joint venture of Standard Chartered, allowing them to issue crypto tokens pegged to Hong Kong dollars. The move comes as Hong Kong pushes to become a global fintech and crypto hub, even as mainland China continues ... Read more ›
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CoreWeave, a provider of cloud computing for AI, on Friday said it had struck a multi-year deal to develop and run Anthropic’s Claude AI models. The company expects the first servers to come online for Anthropic later this year. The two companies didn’t disclose the size of the deal. This is ... Read more ›
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Meta Platforms is bringing on three senior OpenAI executives who helped lead the ChatGPT-maker’s ambitious Stargate cloud and data center initiative, according to two people with direct knowledge, marking a notable escalation in the battle for AI infrastructure talent. The executives are joining ... Read more ›
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At tech giants like Meta Platforms, employees may have embraced the idea of “tokenmaxxing” as a way to show off how dedicated they are to using AI in their jobs. Don’t expect businesses beyond the deepest-pocketed tech giants to follow their lead, though. As The Information reported on Monday, employees inside Meta have been competing to see who could rank highest on an internal leaderboard called Claudeonomics as the most... Read more ›
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16.04.2026 22:41
Last update: 22:35 EDT.
News rating updated: 05:31.
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