Musk’s Wealth Sheds $363 Billion in One Month
Elon Musk’s personal fortune fell by about $363 billion in July, according to a report by China News Service, the steepest monthly decline for a billionaire in recent memory, as…
Apple’s Injunction Bid in the OpenAI Feud
Apple on Tuesday asked a federal court to stop OpenAI from building AI hardware on Apple technology, widening a trade-secrets fight that began with a handful of defecting engineers and…
The Atlas Browser’s 10-Month Run
Users of OpenAI’s ChatGPT Atlas browser have about a week to export their bookmarks. OpenAI said Atlas will stop service on Aug 9, ending a product that arrived on macOS…
DeepX’s Fourfold Valuation Jump
DeepX Co., a South Korean designer of AI chips, has signed the first agreements in a Series D round that values the company at about 3.14 trillion won ($2.2 billion),…
The White House’s Voluntary AI Test
The four most powerful AI labs in the world — OpenAI, Anthropic, Google and Meta — will gather at the White House on Aug 4 for a closed-door meeting on…
Anthropic’s $10 Billion Cloud Bet
Anthropic has agreed to spend $10 billion on computing power from Volta, a cloud startup so new that most of the industry has never heard of it, according to people…
Amazon’s $3 Trillion Day
Amazon’s market value crossed $3 trillion for the first time on Aug 3, making it the fifth company to reach that level, as investors rewarded the company’s AI and cloud…
Korea’s National GPU Build-Out
South Korea broke ground on a national AI computing center in Haenam this week, a roughly $1.7 billion project led by Samsung SDS that aims to have 15,000 GPUs running…
Airtable’s Discounted Exit
Bending Spoons, the Italian app developer, agreed to buy Airtable for about $1.285 billion in cash, the companies said — its first acquisition since going public, and one of the…
Sequoia’s $1 Billion Nuclear Bet
Valar Atomics raised $1 billion in a Series B round led by Sequoia Capital, tripling its valuation to $6 billion from $2 billion, according to Axios. The startup builds modular…
