Defense Secretary Pete Hegseth on Friday declared Anthropic a supply chain risk, an extraordinary sanction against an American company that is usually reserved for foreign adversaries. “Effective immediately, no contractor, supplier, or partner that does business with the United States military ... Read more ›
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Crypto venture firm Paradigm is raising as much as $1.5 billion for a new fund that will invest in broader tech including artificial intelligence and robotics, The Wall Street Journal reported, citing people familiar with the situation. The move comes as more crypto firms and investors are ... Read more ›
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OpenAI earlier this year fired an employee for trading on prediction markets using confidential company information in violation of company policies after an investigation, according to a spokesperson for the company. CEO of Applications Fidji Simo announced the termination to employees earlier ... Read more ›
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President Donald Trump said on Friday afternoon that he was directing every U.S. federal agency to stop using Anthropic’s technology, further escalating a feud between Anthropic and the Pentagon over Anthropic’s refusal to drop its AI safeguards. Trump’s statement came an hour before a deadline ... Read more ›
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OpenAI expects to raise an additional $10 billion from financial investors by the end of March, adding to the $110 billion it’s secured from SoftBank, Amazon and Nvidia, according to a person with knowledge of the discussions. That additional funding will bring OpenAI’s post-investment valuation ... Read more ›
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OpenAI’s wide-ranging partnership with Amazon, announced on Friday as part of a bigger series of funding agreements valuing the company at $730 billion before the investment, means the ChatGPT creator will soon have two of the three biggest cloud firms pitching its services. But can both Amazon and Microsoft get a big boost without encroaching on each other’s territory? Then there’s the impact on Nvidia, which is putting in $30... Read more ›
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The conflict between Anthropic and the Department of Defense over how the Pentagon can use the startup’s AI has turned into a standoff. The agency has given the company a Friday evening deadline to give it unfettered access to its technology—or else be cut off from working with military contractors. Anthropic CEO Dario Amodei continues to refuse to do so. “Threats do not change our position,” he wrote in a... Read more ›
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OpenAI’s agreement with Amazon, announced on Friday, means that it will build applications that will be exclusively available on Amazon’s cloud platform after previously offering most of its products on Microsoft’s Azure cloud. OpenAI and Amazon will work together on new AI agent products, and ... Read more ›
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OpenAI said Friday it had secured $110 billion in new investment at a valuation of $730 billion before the new money, largely from existing investor SoftBank as well as two tech companies— Amazon and Nvidia—with which it announced commercial partnerships. SoftBank and Nvidia will each invest $30 ... Read more ›
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xAI co-founder Toby Pohlen has left the company just weeks after CEO Elon Musk said he’d expanded his responsibilities as part of a broad reorganization of the company. Pohlen, who announced his departure in a post on X, is the latest high level staffer to leave xAI in recent weeks, coinciding ... Read more ›
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Amazon confirmed it would invest up to $50 billion in OpenAI, in two stages, as part of a broad agreement with the ChatGPT maker that will also make OpenAI’s AI models available through Amazon’s cloud service AWS and will involve OpenAI using 2 gigawatts of Amazon’s Trainium AI chips ... Read more ›
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Anthropic CEO Dario Amodei on Thursday said the company would refuse to allow Anthropic’s AI models to be used for mass domestic surveillance or fully autonomous weapons in violation of the company’s policies, one day before his company faces a deadline to agree to the Pentagon’s demands or ... Read more ›
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Jack Dorsey has been many things in his career, including social media pioneer and crypto advocate. Now he’s the grim reaper of AI. Dorsey on Thursday revealed he will lay off 40% of the employees, or about 4,000 people, at his fintech firm, Block. The reason? AI. “The core thesis is simple,” he explained in a shareholder letter. “Intelligence tools have changed what it means to build and run a... Read more ›
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Will OpenAI make more acquisitions? The ChatGPT maker is in the process of raising $100 billion in additional cash. I wouldn’t be surprised if it uses some of that money or its richly valued shares to buy startups or lure even more talent. After all, it’s done this before. It used its stock to buy hardware guru Jony Ive’s startup, Io Products, in a $6.5 billion deal, when OpenAI was... Read more ›
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Anthropic is best known for selling its Claude AI models to app developers, but the company says it has seen a spike in usage of its consumer Claude chatbot, which competes with OpenAI’s ChatGPT. Daily signups to Anthropic’s Claude chatbot have tripled since November, the company told The ... Read more ›
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Meta Platforms has signed a deal to rent Google’s AI chips, known as tensor processing units, to develop new AI models, according to a person involved in the talks. The multi-year deal is worth billions of dollars, said a person who was briefed about it. Meta has also been talking to Google about buying TPUs for its data centers as soon as next year, though the status of that discussion... Read more ›
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CoreWeave doubled sales in the fourth quarter but reported bigger than expected losses, sending shares more than 8% lower in after-hours trading. The AI cloud company made $1.6 billion in revenue during the quarter, an increase of 110% from the same period the previous year. It reported a net ... Read more ›
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Intuit shares fell nearly 7% in after-hours trading Thursday despite the software company’s quarterly report showing revenue grew two percentage points faster than its prior projection for the quarter. The maker of TurboTax and Quickbooks said revenue grew 17% to $4.7 billion in the quarter ... Read more ›
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Block co-founder Jack Dorsey said his payments company plans to lay off 40% of its staff as it believes artificial intelligence tools can help a smaller workforce “do more and do it better.” In a letter to investors published Wednesday, Dorsey said Block plans to cut its 10,000-strong workforce ... Read more ›
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As Meta Platforms strikes new chip supply deals with AMD and Nvidia, it has been running into problems with AI chips it is designing internally, according to six people with direct knowledge of the matter. Meta last week scrapped the most advanced chip it was developing for training AI models, after struggling with the chip’s design, and shifted its focus to a less complicated version, the people said. The company... Read more ›
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01.05.2026 06:11
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