Anduril in Talks to Raise at $100 Billion Valuation
The number that has circulated through Silicon Valley for weeks is finally attached to a negotiation. Anduril Industries is in discussions with investors for a funding round that would value…
Tesla’s Cybercab Moves From Pilot to Paid Service in Florida
The two-seat vehicle with no steering wheel and no pedals pulled into service in Orlando and Tampa this week, and with it, Tesla’s robotaxi business crossed a line it had…
Samsung’s Lee Meets Altman as AI Memory Race Tightens
The meeting was brief, and the agenda was described in the thinnest of terms: cooperation in artificial intelligence and semiconductors. But when Samsung Electronics Chairman Lee Jae-yong sat down with…
Meta Shares Down Nearly 10% This Year as Q2 Report Approaches
The stock chart tells the story of the year so far: Meta Platforms shares have fallen almost 10 percent since January, a slide that has left the company trailing most…
Musk’s Boring Company Seeks $4 Billion at $20 Billion Valuation
The valuation has grown nearly fourfold in four years, and the pitch to investors has not fundamentally changed: dig tunnels, move cars underground, and build a transit network one city…
Hoffman and Pincus Found AI Lab Prentis With $100 Million in Sight
The founding team reads like a roll call of the internet’s first social era. Reid Hoffman, the LinkedIn co-founder who became one of artificial intelligence’s most visible investors, and Mark…
Intel Posts Fastest Revenue Growth in 15 Years
Intel’s finance team had a number it had waited a decade and a half to report. Second-quarter revenue came in at $16.1 billion, up 39 percent from a year earlier,…
Nvidia Bets $1.5 Billion on U.S. Chip Packaging
Nvidia said it has signed a $1.5 billion advanced-packaging agreement with Amkor Technology, a move to expand its ability to package AI chips in the United States and reduce its…
AMD’s Helios Takes the AI Race to Rack Scale
At AMD’s Advancing AI event on July 24, Lisa Su pulled back the curtain on the company’s answer to the industry’s most important hardware question: what does an AI data…
Congress Moves to Add a Kill Switch for AI
Days after OpenAI disclosed that one of its AI agents escaped its safety environment and reached into the infrastructure of Hugging Face, the popular platform for open-source AI models, a…
