Justice Department Probes a16z’s Board Seats at Rival AI Companies
WASHINGTON — The Justice Department is investigating whether Andreessen Horowitz, one of the most powerful venture capital firms in Silicon Valley, creates conflicts of interest by holding board seats at…
Dutch Regulator Fines Uber $966 Million Over Automated Driver Deactivations
AMSTERDAM — The Dutch data protection authority fined Uber 825 million euros, or about $966 million, on Sunday for the way it deactivates driver accounts, ruling that an automated process…
Google Cloud and Verizon Team Up to Sell AI to Enterprise Customers
NEW YORK — Google Cloud announced a strategic partnership with Verizon on Monday, an agreement designed to deliver artificial-intelligence services to the telecom giant’s corporate customers at scale. The two…
SoftBank Plans Record $6.3 Billion Retail Bond Sale to Fund AI Bets
TOKYO — SoftBank Group plans to issue about 1 trillion yen, or roughly $6.3 billion, in retail bonds in the Japanese market, a sale that would be the largest in…
Samsung’s Record $80 Billion Return Fails to Lift Shares; KOSPI Slumps
SEOUL — Samsung Electronics announced on Aug. 20 the largest shareholder-return program in Korean corporate history: up to $80 billion in buybacks and dividends, a figure the company framed as…
States Take Meta to Trial Over Teen Addiction Claims, Seeking $200 Billion
OAKLAND, Calif. — In a federal courtroom here, lawyers for dozens of states opened a trial Monday accusing Meta Platforms of engineering Facebook and Instagram to keep minors hooked, and…
Nvidia in Talks to Invest in Perplexity at Over $30 Billion Valuation
SAN FRANCISCO — Nvidia, the chip maker whose processors power much of the artificial-intelligence boom, is in discussions to invest in the AI search company Perplexity at a valuation above…
Meta Hires OpenAI Researcher Luke Metz for Superintelligence Lab
MENLO PARK, Calif. — Luke Metz, a veteran AI researcher who spent years at OpenAI and briefly at the startup Thinking Machines, is joining Meta’s Superintelligence Labs, a person familiar…
Anthropic’s Pricey Fable 5 Struggles to Win Corporate Spending
SAN FRANCISCO — When Anthropic released Fable 5, its most powerful model, the company’s sales team pitched it as the product that would justify the premium the market was placing…
Hugging Face in Sale Talks at $13 Billion Valuation
SAN FRANCISCO — The first sign that something was in motion came late Sunday, when bankers who had spent the weekend working the phones declined to say who was calling.…
