Stability AI Raises $76 Million From Record Labels and EA
The three largest record labels in the world spent years suing AI companies over their catalogs. On Tuesday they put money into one. Stability AI, the London-based company best known…
AI Assistant Startup Instinct Raises $350 Million, Valued at $2.5 Billion
Noah Shinn was 23 when he founded Instinct last year, an AI assistant startup with a pitch that sounds simple and a valuation that does not: an agent that manages…
Activist Fund Bids 45% Premium for Samsung’s Stake in Security Firm S-1
The offer arrived with a premium attached and a message implicit in the arithmetic. Flashlight Capital Partners, an activist investment firm, has proposed buying Samsung Group’s entire 20.6 percent stake…
Cathie Wood Adds Broadcom and Cerebras, Trims AMD and CrowdStrike
The daily disclosure file showed the shift before the market opened: ARK Invest funds had bought more Broadcom and Cerebras, and trimmed positions in AMD and CrowdStrike. The trades, disclosed…
OpenAI Says Its Jalapeño Chip Beats Nvidia’s Blackwell
On Aug. 25, OpenAI released the first benchmark data for Jalapeño, the in-house inference chip it has been developing for more than two years, and the numbers landed like a…
Samsung Foundry Begins Mass Production of Nvidia’s Groq 3 LPX
On Aug. 25, Samsung Electronics said its foundry division has begun full-scale production of the Groq 3 LPX, an inference chip Nvidia designed for AI workloads, a contract win that…
TSMC Tilts Advanced Packaging Capacity Toward AMD
TSMC is reallocating capacity at its CoWoS advanced-packaging lines, giving AMD a larger share of the industry’s most sought-after AI packaging resource while trimming the allotment reserved for Nvidia, according…
Anthropic Closes San Francisco Office on Strike Warning
On Aug. 25, Anthropic told employees at its San Francisco headquarters to work from home after receiving notice that its security team could strike, an abrupt reminder of how quickly…
Robot Startup Generalist Raises $200 Million at $3 Billion Valuation
On Aug. 26, Generalist, a robotics startup building foundation models for machines, said it has raised about $200 million in an extension of its Series B round, led by venture…
Bill Gates Proposes Tax on Robots and Reserved Jobs for Humans
Bill Gates returned on Aug. 26 to an idea he first floated more than a decade ago, proposing that governments tax the robots that replace human workers and create a…
