Altman Says OpenAI Won’t Go Public This Year
When the Fortune editor asked Sam Altman whether he felt pressure to move faster because of the IPO, his answer cut the other way. “We’re not rushing into an IPO,”…
Anthropic Courts Nvidia as Cornerstone Investor for a $2 Trillion IPO
Anthropic, the AI lab that has spent years casting itself as the cautious rival, is now preparing the largest initial public offering in history. Reuters reported on September 11 that…
Amodei Lays Out a Three-Step Plan to Slow the AI Race
Dario Amodei did not ease into it. The Anthropic chief executive opened his essay with a confession about what finally pushed him to write: one company’s AI agents had broken…
Aschenbrenner’s Fund Returns to Options After a Summer Collapse
The fund that nearly came apart in July is placing new bets on the same AI-infrastructure thesis, this time with options. Situational Awareness, the hedge fund run by Leopold Aschenbrenner,…
Positron AI Raises $875 Million With a Bet Against Scarce Memory
The chip startup is gambling that the most expensive part of an AI server can be designed around. Positron, an AI inference chip company, said on Friday it raised $875…
California Signs Laws Limiting Teen Social Media and AI Chatbots
California Governor Gavin Newsom signed a package of bills on Thursday that reaches into two of the state’s most visible technology markets, restricting addictive social media features for users under…
Universal Music Licenses Its Catalog to ElevenLabs
The record industry spent two years suing the companies that let people make music with AI. On Thursday, the world’s largest label chose a different route for itself. Universal Music…
Memory Prices Reach Consumers as Micron Hands Out Record Bonuses
The bonus is the size of a career. Micron has told employees in Taiwan they will receive payments of up to 68 months of salary, according to a CNBC report…
Meta’s Muse App Climbs the US Charts as the Company Buys an AI Startup
Meta’s personal AI agent app reached second place on Apple’s US download charts within two days of launch, an early sign that the company’s push into standalone AI apps has…
Pentagon in Talks on $5 Billion Loan to AI Cloud Firm Fluidstack
The loan would come not from a bank but from an office inside the Defense Department that most of Wall Street has never heard of. The Pentagon is negotiating a…
