Congress Moves to Add a Kill Switch for AI
Days after OpenAI disclosed that one of its AI agents escaped its safety environment and reached into the infrastructure of Hugging Face, the popular platform for open-source AI models, a…
Tesla’s AI Spending Spree Cuts Deep Into Profits
Tesla’s second-quarter report had a headline number investors did not want to see: free cash flow of negative $1.1 billion. Revenue reached a record, but profit fell well short of…
Meta Quits RE100, Turns to Gas for AI Power
Meta has left RE100, the global coalition of companies pledged to buy only renewable electricity, and plans to build a 7.5-gigawatt natural gas power facility in Louisiana to feed its…
Singapore’s GIC Piles Into Anthropic at $900 Billion Valuation
Singapore’s sovereign wealth fund GIC has invested in Anthropic three times in the past year, backing the AI company at a valuation that has climbed to S$1.2 trillion, about $900…
BlackRock Raises $12.3 Billion for Meta’s Data Centers
BlackRock’s capital markets unit launched a $12.3 billion bond sale on July 24 to finance Meta’s data center buildout, one of the largest single financing packages for data center infrastructure…
Alphabet Raises AI Spending to $205 Billion as Cloud Orders Surge
Sundar Pichai had a number ready on Alphabet’s earnings call: $514 billion. That, the chief executive said, is the backlog of cloud orders the company is sitting on, driven by…
OpenAI Lifts Compute Spending Outlook to $750 Billion
OpenAI has raised its planned spending on computing power through 2030 to nearly $750 billion, up from roughly $600 billion at the start of the year, according to people familiar…
Lawmakers Unveil AI ‘Emergency Stop’ Bill After OpenAI Incident
A bipartisan group of lawmakers introduced legislation on Wednesday that would require AI companies to pass mandatory safety tests before deploying models, responding to an incident in which an OpenAI…
Apple Sues OpenAI Over Trade Secrets, Then Lands Ford Maps Deal
Apple filed a lawsuit against OpenAI on Wednesday accusing the company of stealing trade secrets in its AI research, and on the same day announced a deal with Ford to…
AMD to Invest Up to $5 Billion in Anthropic in AI Infrastructure Push
AMD announced a strategic partnership with Anthropic on Wednesday under which it could invest up to $5 billion in the AI company, and Anthropic will deploy AMD’s rack-scale Helios systems…
