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…
The Same-Day Outage at Three of AI’s Best-Known Services
On the same afternoon, three of the most widely used AI services in the world stopped working. ChatGPT, operated by OpenAI, Claude, operated by Anthropic, and Grok, operated by xAI,…
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…
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…
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…
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…
SoftBank Raises ¥1 Trillion From Japanese Households at Double the Going Rate
The savers of Japan have long been the world’s most cautious investors, keeping trillions of yen in bank deposits that pay almost nothing. Masayoshi Son wants to put that money…
Nvidia’s $99 Billion Year of Writing Checks to the Companies It Sells To
The most active investor in the AI industry is not a venture firm, a sovereign wealth fund or a hedge fund. It is the company that makes the chips. Nvidia…
AMD Pushes a Desktop Workstation Built to Run a Trillion-Parameter Model
The machines that train the largest AI models fill buildings, consume megawatts and cost more than most companies’ annual budgets. AMD’s newest product is designed to fit under a desk.…
Nadella Sells Microsoft Stock for the First Time This Year
The chief executive of Microsoft sold shares for the first time in 2026, and the disclosure landed on the same day the company was presenting itself as the distribution arm…
