Anthropic on Tuesday said it had raised $13 billion at a $170 billion valuation before the financing, in a round co-led by new investor Iconiq and returning investors Lightspeed Venture Partners and Fidelity Management. The funding nearly tripled its valuation from a round led by Lightspeed at ... Read more ›
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The prices businesses are paying for AI has become the subject of much moaning and gnashing of teeth among startups and their investors in recent weeks. At the heart of the issue, as we reported two weeks ago, is that the price of state-of-the-art models from the likes of Anthropic and OpenAI haven’t fallen much in the past year, and AI applications like Cursor and Replit increasingly rely on AI... Read more ›
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Before we get into today’s Agenda, be sure to check out the story my colleagues and I published on Friday laying out Elon Musk’s lawsuit against OpenAI and its CEO Sam Altman. The article can catch you up to speed on the case and explain why Musk stands a chance of winning if it goes to trial in March. The stakes couldn’t be higher for OpenAI: the structure of the... Read more ›
5
UK-based buy-now pay-later firm Klarna took the next step towards going public, filing an updated IPO filing revealing it will offer 34.3 million shares for sale, priced between $35 and $37. The offering would value the company at about $26 billion. Most of the shares to be sold are held by ... Read more ›
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Startups that sell artificial intelligence–powered coding assistants such as Cursor have created some of the fastest-growing businesses in Silicon Valley, making them ripe acquisition targets for OpenAI and other large AI developers. So far, Cursor’s owner Anysphere isn’t selling. Instead, potential acquirers such as OpenAI, xAI and Anthropic have discussed a possible deal with the coding startup to license or purchase what could be a gold mine of data: reams... Read more ›
7
Leaders in Meta’s new AI organization, Meta Superintelligence Labs, have discussed using Google’s Gemini model to provide conversational, text-based answers to questions that users enter into Meta AI, the social media giant’s main chatbot, The Information reported. Those leaders have also ... Read more ›
0
OpenEvidence, which operates a ChatGPT-like product for doctors to find health information, is considering multiple investment offers valuing the three-year-old startup at $6 billion, nearly double its private valuation from a financing just one month ago, The Information reported Friday. ... Read more ›
0
OpenAI is considering building a large data center for artificial intelligence in India, as part of its Stargate effort, according to a source with knowledge of the discussions. The move would follow OpenAI’s announcement in May that it was working on a global Stargate program. OpenAI said the ... Read more ›
0
Staff at the Securities and Exchange Commission are using artificial intelligence to identify rules and regulations to potentially cut, as President Donald Trump’s administration wages a tumultuous campaign aimed at limiting financial regulators and sidelining staff it views as not aligned with its priorities. Employees associated with the Department of Government Efficiency have built an AI tool to analyze the SEC’s many rules and regulations, identifying thousands for review, according... Read more ›
2
The Trump administration is taking steps to make it harder for South Korean semiconductor makers Samsung Electronics and SK Hynix to manufacture their chips in China. The U.S. government said Friday that it is revoking the authorizations that allow Samsung and SK Hynix to transfer American ... Read more ›
0
Welcome, Weekenders! In this newsletter:• The Big Read: Finally! An explanation of what the Musk-Altman legal feud really means• The Arena: Can the metaverse and TikTok help tennis connect with young fans?• Plus, our Recommendations: “The Rise and Fall of Indie Sleaze,” “Anointed” and “Alien: Earth” Generally speaking, humans communicate with each other through words. As for artificial intelligence, we’re still figuring out exactly how it can communicate, and—well, it’s... Read more ›
51
Even as StubHub makes a renewed push to go public, its business isn’t expanding as quickly as it had hoped. In the first half of this year, the ticketing app fell short of revenue and profit projections it shared with lenders earlier this year, in part due to new U.S. ticket pricing rules. The shortfall highlights the volatile nature of the ticketing industry, which is heavily dependent on the flow... Read more ›
30
For decades, the U.S. Open Tennis Championships has been a crown jewel of the global sports calendar. As the fourth and final Grand Slam of the tennis season, it has hosted historic athletic feats by everyone from Arthur Ashe to Venus Williams. Boisterous night matches—like last weekend’s Daniil Medvedev meltdown—are attended by A-list celebrities sipping iconic Honey Deuce cocktails in luxury suites, the glittering lights of the Manhattan skyline visible... Read more ›
0
Meta Platforms’ plans to improve the artificial intelligence features in its apps could lead the company to partner with Google or OpenAI, two of its biggest AI rivals. Leaders in Meta’s new AI organization, Meta Superintelligence Labs, have discussed using Google’s Gemini model to provide conversational, text-based answers to questions that users enter into Meta AI, the social media giant’s main chatbot, a person familiar with the conversations said. Those... Read more ›
0
OpenEvidence, which operates a ChatGPT-like product for doctors to find health information, is considering multiple investment offers valuing the three-year-old startup at $6 billion, nearly double its private valuation from a financing just one month ago, according to three people involved in the potential deal. The funding conversations are still in their early stages. If a deal happens, the company is likely to raise more than $100 million, one of... Read more ›
18
As we wrap up for the Labor Day weekend, one question has persisted through this week: Why is Nvidia CEO Jensen Huang so determined to demonstrate his need for the Chinese market? With Nvidia’s ability to sell its artificial intelligence chips to China currently in limbo—caught between U.S. and Chinese government restrictions—another CEO might be playing down China’s importance to the company. Nvidia is growing like gangbusters without China, so... Read more ›
10
Elon Musk’s xAI sued a former employee for allegedly stealing trade secrets when the engineer left to join OpenAI. The lawsuit accuses former xAI engineer Xuechen Li of downloading information about “cutting-edge AI technologies with features superior to those offered by ChatGPT” days before he ... Read more ›
18
Taz Patel, the head of advertising and shopping at AI search engine startup Perplexity, has left the company after nine months, according to Adweek. Patel joined the startup last December to help it expand its business beyond subscriptions to its AI-powered search engine. Since then, Perplexity ... Read more ›
0
Flip, a video-sharing social media app that at one point tried to challenge TikTok’s dominance, has shut down, according to a message to users and the company’s website. Flip didn’t immediately respond to a request for comment. The social commerce app raised over $300 million from investors ... Read more ›
0
Much is known about the pastimes of the world’s wealthiest person, Elon Musk. They include playing videogames, fathering children and reading Douglas Adams novels. Over the past couple of years, Musk has picked up another hobby: waging war against Sam Altman, an ex-friend with whom he co-founded OpenAI a decade ago as a nonprofit. And Musk’s case in one critical lawsuit may not be as frivolous as it might appear... Read more ›
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Most popular sources
Business Insider
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23% 0 |
The Verge
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12% 8 |
MacRumors
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10% 3 |
Android Authority
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7% 3 |
CNET
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6% 3 |
| View sources » | |
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29.10.2025 13:03
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