Renowned university professors and academic researchers keep joining frontier AI labs such as OpenAI and Anthropic. Remaining faculty say the brain drain is threatening the development of open source AI models in the West.So far this year, at least 22 professors and researchers have taken leave or stepped back from their roles at Stanford, Berkeley, Harvard, Virginia and the University of Southern California to work at OpenAI, Anthropic, Google, and... Read more ›
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Apple is on a quest to shrink powerful AI models to run on iPhones, which could cut down on cloud computing costs and enhance user privacy. But a small startup that emerged from stealth mode earlier this year says it recently got an AI model running on an iPhone bigger than any previous mobile model. The startup, PrismML, said it has shrunk down Qwen 3.6, an open-source large language model... Read more ›
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Anthropic on Thursday reiterated its policy that access to it Claude models and coding tools is not permitted in China, responding to the Chinese government’s recent warning about a security backdoor in Claude Code. The U.S. company said what Beijing’s warning described as a hidden backdoor is ... Read more ›
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Wonder, which owns GrubHub and Blue Apron, is raising hundreds of millions of dollars at a valuation of $9 billion, The Information reported Wednesday. To entice investors, Wonder has arranged to give backers of the financing extra shares if the restaurant and delivery startup’s stock price in ... Read more ›
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Wonder, the owner of GrubHub and Blue Apron, is lining up hundreds of millions of dollars, at a valuation of $9 billion, in what could be its last round before going public. To seal the deal, founder Marc Lore has been offering investors sweeteners—and putting his own money in the pot. The company has arranged to give investors in the financing extra shares if Wonder’s stock price in an initial... Read more ›
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How about that? SpaceX’s AI unit is rolling out some AI products of value to businesses. On Wednesday, SpaceXAI—as the unit is called—and its soon-to-be subsidiary Cursor jointly introduced Grok 4.5, a model “built for coding, agentic tasks and knowledge work.” A week ago, SpaceX introduced a “Voice Agent Builder” enabling small businesses to set up an AI that can talk on the phone and handle customer service calls, among... Read more ›
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Bank of America has given a $520 million credit line to OpenAI in the last couple of months as the AI giant prepares for an initial public offering, two people familiar with the agreement said. The loan brings OpenAI’s total available credit to more than $5 billion, one of the people said The ... Read more ›
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Elon Musk’s AI company, SpaceXAI, and Cursor released Grok 4.5, an AI model focused on coding and agentic work, on Wednesday. The Information was the first to report on the release date, which Musk confirmed on Tuesday night. The model is the first joint AI model that SpaceXAI and Cursor have ... Read more ›
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The longer I cover the money behind AI, the more I learn about new markets opening up to data center developers or operators, chip manufacturers and others looking for money to build ambitious AI projects. That’s what makes this job so interesting. For the past several months, I’ve been wondering about a market I keep hearing referred to by the Securities Act of 1933 rule that governs it: Rule 144A.... Read more ›
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In early June, the U.S. Department of Justice sent a memo to its attorneys working on digital currency cases with a warning: They should expect less cooperation from the world’s largest crypto exchange, Binance, on future cases. The email came from Rachel Jones, the Justice Department’s digital currency counsel, and cc’d top attorneys such as Kevin Mosley. In 2023, Mosley prosecuted the department’s case against Binance, which charged the exchange... Read more ›
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At a recent crypto VC lunch I attended in New York, everyone was asked to go around the table and answer the same question: Has Donald Trump, the first pro-crypto president, been good or bad for the industry? The responses were divided. Trump ushered in a friendlier regulatory environment. But he has also been one of the bigger personal beneficiaries, which has hurt crypto’s reputation, some attendees said. He reported... Read more ›
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China plans to allow some of the country’s biggest AI companies to buy a small number of Nvidia’s H200 chips, according to two people with direct knowledge of the matter. The chip purchase approvals would offset a shortage caused by soaring demand for AI chips. U.S. President Donald Trump gave Nvidia permission in December to ship H200 chips to approved Chinese customers—a major shift in Washington’s export control policy, as... Read more ›
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I’m reporting from Seoul, where thousands of AI researchers from around the world have gathered for this year’s International Conference on Machine Learning. One of the most popular spots at the conference is OpenAI’s booth, which has been consistently encircled by a line of young AI PhDs.They’re waiting for the chance to talk to OpenAI researchers and recruiters or try their hand at an arcade-style claw machine whose prizes include... Read more ›
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For the first 25 years of Blue Origin’s existence, its founder, Jeff Bezos, solely funded the space company from the fortune he made at Amazon. No longer. Blue Origin has signed a term sheet to raise its first outside capital as part of a $10 billion funding round that will value the company at ... Read more ›
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Before Tesla launched its Robotaxi service in Austin, Texas, last summer, it recruited hundreds of workers to test and monitor the system. When it expanded the service to Miami this past weekend, it relied on fewer drivers, according to three people with knowledge of the program. The Miami launch marked the first time Tesla has debuted the Robotaxi in a new state without people acting as safety monitors and sitting... Read more ›
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Chinese AI developer MiniMax is working on a new large language model with 2.7 trillion parameters, larger than any other Chinese AI models currently on the market, according to two people with knowledge of the plan. The new model could be released as early as the third quarter, according to the ... Read more ›
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OpenAI on Tuesday announced that it would be publicly launching its latest family of models, GPT-5.6, on Thursday. The announcement comes after the Trump Administration initially asked OpenAI to release the new models in a limited fashion over cybersecurity concerns. Axios on Tuesday reported ... Read more ›
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Nvidia and AI server chip startup d-Matrix are combining their respective hardware in a new system to power AI models, The Information reported. The move is part of Nvidia’s strategy to partner with more of its competitors as a way to hedge against or make money from their success. D-Matrix, ... Read more ›
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Nvidia has a plan to deal with the growing list of AI server chip competitors: partner with them. In the latest example, Nvidia and AI chip startup d-Matrix are combining their respective hardware in a new system to power AI models, the companies told The Information exclusively. Read more ›
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Samsung, it seems, deserves a little more respect. The electronics conglomerate may be best known in the U.S. for its TV sets and smartphones, which jostle with the iPhone for attention, but it’s also one of the three biggest makers of memory chips globally (along with Micron Technology and SK Hynix). The explosion of that business, thanks to demand from AI data centers, has turbocharged profits at all three companies—with... Read more ›
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27.07.2026 08:19
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