Samsung Backs a Dutch Chip Startup, and an ASML Veteran Takes the Chairman’s Seat
Eindhoven is where ASML was built, and it is where the next generation of European chip companies is now taking shape. On September 15, one of them, Euclyd, announced a…
Gates Foundation Puts $1 Billion Behind the Idea That AI Should Be an Equalizer
The promise arrived in the annual Goalkeepers report, released on the evening of September 14. The Bill & Melinda Gates Foundation said it would commit $1 billion over the next…
OpenAI’s Nonprofit Arm Writes Its First Check: $40 Million for Cancer Vaccine Data
The first recipient of the money was a cancer center in Chapel Hill, North Carolina. On September 15, the OpenAI Foundation, the nonprofit that sits atop the company’s structure, announced…
OpenAI Backs a House Bill That Would Put Inspectors Inside Its Models
Chris Lehane, OpenAI’s chief global affairs officer, stood before reporters on September 15 and said something the company had never said before. OpenAI, he announced, supports the key provisions of…
OpenAI Paid More Than $300 Million for an iPhone Portrait-Mode Startup
The company sits in Los Altos, a quiet patch of California, and for most of its life it has worked on a single, unglamorous problem: how to make phone cameras…
AI Stocks Fall for a Second Day as the 10-Year Yield Tops 5 Percent
On the morning of September 15, the 10-year Treasury yield touched 5 percent for the first time since 2007. Within hours, the move had found its target: the artificial-intelligence trade…
Justice Department Examines Nvidia’s Groq Deal
The U.S. Justice Department’s antitrust division has opened an investigation into Nvidia’s licensing agreement with the AI chip company Groq, examining whether the deal’s structure was designed to avoid a…
A $110 Billion Media Merger Heads to Settlement Talks
A federal magistrate judge ordered the parties in the Paramount-Warner Bros. Discovery merger dispute to sit down for two days of in-person settlement talks at the end of October. Magistrate…
Kraken’s Parent Seeks U.S. Perpetual Futures; Kaiko Raises $110 Million
Payward, the parent company of the crypto exchange Kraken, filed an application on September 12 to offer perpetual futures contracts to eligible U.S. traders under Commodity Futures Trading Commission oversight.…
Sony’s $7.85 Million Settlement Ends a Fight Over Game Downloads
Sony Interactive Entertainment agreed to set aside $7.85 million to settle a class action that accused the company of monopolizing digital game sales on the PlayStation Store, according to a…
