U.K.-based cloud provider Nscale, whose announced customers include OpenAI and Microsoft, is in negotiations to acquire a massive AI data center site in West Virginia, The Information reported. Amazon, Meta and a cloud ally of Google have also expressed interest in the site. The site is ... Read more âș
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U.S. tech merger activity is headed for its best year since 2021âdriven in part by enterprise software and other older tech companies acquiring artificial intelligence startups to beef up their AI offerings. So far this year, U.S. software companies have spent nearly $33.8 billion on 140 completed AI acquisitions, surpassing the combined volume of the past three years, according to data provider PitchBook. During the same period, U.S. companies have... Read more âș
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OpenAI said Tuesday it has agreed to acquire Statsig, a startup that helps businesses test how well their products are working, for $1.1 billion in an all-stock deal, representing about 0.4% of OpenAIâs shares. Thatâs the same valuation Statsig, which was part of The Informationâs most promising ... Read more âș
0
Amazon is ending a program that allowed Prime members to share their free shipping benefit with others, according to an email to shoppers and a customer service page on Amazonâs site. The Prime Invitee Program, which Amazon originally launched in 2009, will end on Oct. 1, the website page says. ... Read more âș
2
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 âș
0
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 havenât fallen much in the past year, and AI applications like Cursor and Replit increasingly rely on AI... Read more âș
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Before we get into todayâs Agenda, be sure to check out the story my colleagues and I published on Friday laying out Elon Muskâs 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 couldnât be higher for OpenAI: the structure of the... Read more âș
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 âș
0
Startups that sell artificial intelligenceâpowered 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, Cursorâs owner Anysphere isnât 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 âș
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Leaders in Metaâs new AI organization, Meta Superintelligence Labs, have discussed using Googleâs Gemini model to provide conversational, text-based answers to questions that users enter into Meta AI, the social media giantâs main chatbot, The Information reported. Those leaders have also ... Read more âș
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 âș
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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 OpenAIâs announcement in May that it was working on a global Stargate program. OpenAI said the ... Read more âș
0
Staff at the Securities and Exchange Commission are using artificial intelligence to identify rules and regulations to potentially cut, as President Donald Trumpâs 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 SECâs many rules and regulations, identifying thousands for review, according... Read more âș
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 âș
0
Welcome, Weekenders! In this newsletter:âą The Big Read: Finally! An explanation of what the Musk-Altman legal feud really meansâą The Arena: Can the metaverse and TikTok help tennis connect with young fans?âą Plus, our Recommendations: âThe Rise and Fall of Indie Sleaze,â âAnointedâ and âAlien: Earthâ Generally speaking, humans communicate with each other through words. As for artificial intelligence, weâre still figuring out exactly how it can communicate, andâwell, itâs... Read more âș
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Even as StubHub makes a renewed push to go public, its business isnât 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 âș
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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 matchesâlike last weekendâs Daniil Medvedev meltdownâare attended by A-list celebrities sipping iconic Honey Deuce cocktails in luxury suites, the glittering lights of the Manhattan skyline visible... Read more âș
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Meta Platformsâ 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 Metaâs new AI organization, Meta Superintelligence Labs, have discussed using Googleâs Gemini model to provide conversational, text-based answers to questions that users enter into Meta AI, the social media giantâs main chatbot, a person familiar with the conversations said. Those... Read more âș
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 âș
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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 Nvidiaâs ability to sell its artificial intelligence chips to China currently in limboâcaught between U.S. and Chinese government restrictionsâanother CEO might be playing down Chinaâs importance to the company. Nvidia is growing like gangbusters without China, so... Read more âș
10
Elon Muskâs 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 âcutting-edge AI technologies with features superior to those offered by ChatGPTâ days before he ... Read more âș
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16.03.2026 23:50
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