Musk’s G20 Forecast: AI Outcodes Humans by 2027, Then Meets a Power Gap
Elon Musk brought a calendar to the Group of 20. Appearing at the summit this week, the founder of SpaceX and one of the artificial-intelligence industry’s most consequential financiers delivered…
HiddenLayer Raises $100 Million as AI Security Spending Grows
HiddenLayer, an Austin-based company that sells security software for AI models, said Tuesday it raised $100 million in a Series B round led by Delta-v Capital. Ten Eleven Ventures, Morgan…
iPronics Raises $125 Million for Smaller Optical Switches
iPronics, a Spanish startup that builds optical switches for AI data centers, said Tuesday it raised $125 million in a Series B round led by Maverick Silicon and Light Street…
OpenAI Connects ChatGPT to Epic’s Medical Records
OpenAI said Tuesday that clinicians can now use ChatGPT to read and summarize patient records stored in Epic Systems’ electronic health records software, a step that puts the AI company…
Polymarket Raises $300 Million Led by Fund Tied to Trump’s Son
Polymarket, the prediction market platform that became famous during the 2024 U.S. election, has raised about $300 million in a funding round led by an investment fund associated with Donald…
a16z Expands Growth Fund to $8.5 Billion, Doubling Down on AI
Andreessen Horowitz, one of Silicon Valley’s most influential venture firms, has expanded its fifth growth fund to $8.5 billion, adding $1.75 billion to the $6.75 billion the fund raised at…
OpenAI’s Ad Business Passes $1 Billion Annualized Revenue
OpenAI disclosed on August 31 that its advertising business, ChatGPT Ads, has reached $1 billion in annualized revenue, a figure confirmed by CNBC and Reuters. The number is notable for…
Google Signs Record 396-Megawatt Geothermal Deal With Fervo
On September 1, Fervo Energy and Google announced a 396-megawatt geothermal power agreement, the largest single geothermal contract either company has signed. The 15-year deal covers power from a project…
SoftBank’s SB Energy Files for IPO, Targeting $7 Billion Raise
SB Energy, the data center and energy infrastructure company controlled by SoftBank, filed for an initial public offering with the U.S. Securities and Exchange Commission on September 1, aiming to…
FTC and 22 States Sue Amazon Over Hidden Ad Auction ‘Soft Floor’
The Federal Trade Commission and 22 states sued Amazon on August 31, accusing the company of quietly rigging its advertising auctions for more than seven years and overcharging more than…
