Ken Griffin Gives $3 Billion to Carnegie Mellon, the Largest University Gift on Record
Ken Griffin, the founder and chief executive of the hedge fund Citadel, has given $3 billion to Carnegie Mellon University, the largest gift from an individual to an institution of…
IBM’s Quantum Processor Finishes a Sampling Task in 19 Seconds
A commercially available quantum processor has completed a computation that its collaborators estimate would take a classical supercomputer about 110 years. IBM’s Nighthawk r2 processor generated one million samples of…
Broadcom and Toppan Open a Substrate Plant in Singapore
The scarcest thing in the AI supply chain is not always the processor. Sometimes it is the slice of resin, copper and glass the processor is mounted on. On Tuesday,…
Netlist Asks Trade Panel to Ban Micron Chips Used in AI Servers
Netlist Inc. is small by the standards of the semiconductor industry, but for years it has turned a portfolio of memory patents into a weapon against the largest names in…
Tesla Lines Up a $30 Billion Credit Facility for Cybercab and Optimus
For years Tesla presented itself as the automaker that did not need banks. It raised money by selling shares and cars, kept a cash pile large enough to fund its…
OpenAI Is Sued Over the Hugging Face Breach
A nonprofit that spent the summer watching AI systems break loose has taken OpenAI to court over what it says the company should have controlled. Legal Advocates for Safe Science…
Bain Capital Circles Koch’s Data-Center Firm in a $15 Billion Bet
Bain Capital sat out the AI infrastructure boom on purpose. Its managing partner, David Gross, called the flood of money into data centers a “massive arms race,” the kind of…
Anthropic’s Filing Shows Amazon and Google Supplied Nearly Half Its Revenue
When Anthropic filed to go public, the surprise was not the size of its losses but the identity of its best customers. Amazon and Google, the two cloud giants competing…
Apple’s New Chief Moves to Speed the Product Cycle
John Ternus has run Apple for less than a month, and he is already testing how much of the company’s machinery he can move. The changes, reported by Bloomberg’s Mark…
OpenAI Seeks $30 Billion More at a $1.4 Trillion Valuation
OpenAI is raising money again, and the round tells two stories at once: the company can still command capital on a scale no other private startup can match, and its…
