Two Banks Arrange an AI Loan They Won’t Back
The financing package for Volta Infrastructure Holdings totals $5.01 billion. JPMorgan Chase and Goldman Sachs assembled it, and between them they are willing to guarantee $1.3 billion of that amount.…
Israel’s New Crew Rules Turn Back a Cargo Flight
The Ethiopian Airlines freighter was already an hour out of Addis Ababa, over open water, when Israeli authorities read the crew list. One of the pilots held an Indonesian passport.…
IBM Opens Its AI and Quantum Stack to India’s Deep-Tech Startups
IBM and the startup arm of India’s technology ministry signed a memorandum of understanding in New Delhi on October 13 that gives Indian deep-technology firms access to the company’s enterprise…
Palantir Executive Says the Pentagon Has Already Replaced Anthropic’s Models
Shyam Sankar did not hesitate. Asked on CBS’s “Face the Nation” what happened at the Pentagon when Anthropic’s models were pulled, Palantir’s chief technology officer gave a one-line answer. “It’s…
OpenAI Adds 200 Jobs in Dublin and a Second Applied AI Lab for Europe
OpenAI said Monday that it will add about 200 jobs in Dublin, deepening a bet on a European headquarters it opened three years ago and attaching a second applied AI…
xAI Puts Grok, Cursor and X Premium on One Bill
Three products, three subscriptions, one company that would rather sell a single monthly payment. xAI introduced The X Subscription on October 12, folding Grok, Grok Bot, the Cursor code editor…
Character.AI Files for Chapter 11 With Disney as Its Opening Bidder
Character.AI, the startup that persuaded millions of people to spend their evenings talking with invented characters, asked a Delaware court for bankruptcy protection on October 12, and the sale that…
AMD Wins Europe’s First Commercial AI Supercomputer
Scaleway, the cloud arm of French telecom group Iliad, said Tuesday that it will build an AI supercomputer in Sweden running AMD Instinct MI355X chips, the first AMD-based machine of…
Nvidia Puts $2 Billion Into Europe, Starting With a Doctor’s Appointment
Jensen Huang said this week that Nvidia will commit roughly $2 billion to European artificial intelligence companies within days, on top of $8 billion the chipmaker has deployed in the…
Anthropic’s IPO Clock Starts With a Revenue Number
The most important document in technology this week has no cover page. Anthropic will hand updated financials to a group of institutional investors gathering at its San Francisco headquarters, according…
