AI Coding Startup Cognition in Talks at $40 Billion Valuation
Cognition, the startup behind the AI coding agent Devin, is in talks with investors about a new funding round at a valuation of about $40 billion, according to people familiar…
Twitch Will Use Streamers’ Videos to Train Amazon’s AI Models
Mike Minton, the chief product officer of Twitch, was live on the platform when he addressed the policy that had streamers angry all week. The company had announced that it…
IBM Brings OpenAI’s GPT-5.6 to Its Enterprise Customers
IBM said on Aug. 13 that it had reached an enterprise AI agreement with OpenAI, giving its corporate customers access to GPT-5.6 inside IBM’s own platform. The deal pairs the…
Microsoft Trims China Consumer Business, Keeps AI Door Open
Microsoft is scaling back its consumer business in China but keeping a window open for AI, Reuters reported on Aug. 13, citing people familiar with the company’s plans. The move…
Apple in Talks to License News Content for AI-Powered Siri
Late on Aug. 12, The Wall Street Journal reported that Apple is negotiating paid licenses for news content, with the goal of improving how its AI-enhanced Siri answers questions about…
Anthropic Prepares for October IPO as Investors Float $2 Trillion Value
In the past week, Anthropic’s investors have been making their case to anyone who will listen: the maker of the Claude AI models is worth $2 trillion. The Financial Times…
Cerebras Hardware Sales Slide as Cloud Revenue Soars
Cerebras Systems, the chip company that has spent years positioning itself as the challenger to Nvidia, reported quarterly results on Wednesday evening that showed its business moving in two directions…
Coherent Posts Record Year as Optical Sales Surge
Jim Anderson, the chief executive of Coherent, opened the company’s fiscal fourth-quarter call with a simple summary: a record year, significant margin expansion, and earnings growth that ran more than…
Memory Makers Tie Worker Reviews to AI Deployment
Inside SK Hynix’s chip plant in Cheongju, south of Seoul, engineers who validate production equipment now have a new item on their scorecard: how well the AI systems they deploy…
AI Shopping App Phia Faces Commission-Fraud Allegations
Phoebe Gates was 21 when she and a Stanford classmate began pitching an AI shopping app that promised to find the cheapest deal on anything from sneakers to airline tickets.…
