Hugging Face’s Chief Defends the Nvidia Deal to the Community
The day Nvidia announced it would buy Hugging Face for $12.93 billion, the loudest questions came not from Wall Street but from the platform’s own users, the millions of developers…
Thinking Machines Seeks More Than $1 Billion at a $40 Billion Valuation
A year ago, Thinking Machines was a seed-stage startup with a famous founder and no product to speak of. Now it is raising money at a valuation among the most…
Anthropic Nears a $15 Billion Credit Line Ahead of Its Expected IPO
The banks that will take Anthropic public appear to be the same banks that are lending it money first. Anthropic is close to finalizing an expansion of its revolving credit…
Crusoe Raises $3 Billion and Books a $13 Billion Cloud Deal With Jane Street
The trading firm Jane Street built its name on speed, moving in and out of markets faster than anyone else. Now it is signing up for computing capacity on a…
OpenAI Unveils GPT-6 Astra, and a $1 Billion Plan to Protect Critical Infrastructure
Greg Brockman has a habit of making bold claims about the state of artificial intelligence, and he made another one on the call announcing OpenAI’s newest model. Asked whether the…
Volkswagen’s Board Approves 100,000 Job Cuts as Germany’s Auto Industry Shrinks
The meeting lasted a day, and the plan it produced will reshape Volkswagen for a decade. The company’s supervisory board approved a future program on Wednesday that calls for another…
Abu Dhabi’s G42 Weighs Selling Control to Secure American Chips
Few companies have traveled further in search of computing power than G42, and its latest step may be the most consequential yet. The Abu Dhabi artificial-intelligence company is in talks…
Oura Files for an IPO as the Smart-Ring Market Moves From Wrists to Fingers
The next battlefield in wearable technology is not on the wrist. It is on the finger, and the company that made the finger’s most famous device is heading to the…
SoftBank Raises ¥1 Trillion From Japanese Households at Double the Going Rate
The savers of Japan have long been the world’s most cautious investors, keeping trillions of yen in bank deposits that pay almost nothing. Masayoshi Son wants to put that money…
Nvidia’s $99 Billion Year of Writing Checks to the Companies It Sells To
The most active investor in the AI industry is not a venture firm, a sovereign wealth fund or a hedge fund. It is the company that makes the chips. Nvidia…
