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…
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…
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…
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…
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…
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…
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…
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…
Adobe Names Anil Chakravarthy Its Next Chief Executive
Shantanu Narayen has run Adobe for nearly two decades, through the company’s transformation from packaged software to subscriptions and its re-invention around generative AI. On December 1, he will hand…
OpenAI Sets a Higher API Price for GPT-6 Astra
OpenAI’s newest flagship model does more than its predecessor. It also costs more. The company said it is pricing GPT-6 Astra’s application-programming interface at $10 per million input tokens and…
