Aschenbrenner’s Fund Returns to Options After a Summer Collapse
The fund that nearly came apart in July is placing new bets on the same AI-infrastructure thesis, this time with options. Situational Awareness, the hedge fund run by Leopold Aschenbrenner,…
Positron AI Raises $875 Million With a Bet Against Scarce Memory
The chip startup is gambling that the most expensive part of an AI server can be designed around. Positron, an AI inference chip company, said on Friday it raised $875…
California Signs Laws Limiting Teen Social Media and AI Chatbots
California Governor Gavin Newsom signed a package of bills on Thursday that reaches into two of the state’s most visible technology markets, restricting addictive social media features for users under…
Universal Music Licenses Its Catalog to ElevenLabs
The record industry spent two years suing the companies that let people make music with AI. On Thursday, the world’s largest label chose a different route for itself. Universal Music…
Memory Prices Reach Consumers as Micron Hands Out Record Bonuses
The bonus is the size of a career. Micron has told employees in Taiwan they will receive payments of up to 68 months of salary, according to a CNBC report…
Meta’s Muse App Climbs the US Charts as the Company Buys an AI Startup
Meta’s personal AI agent app reached second place on Apple’s US download charts within two days of launch, an early sign that the company’s push into standalone AI apps has…
Pentagon in Talks on $5 Billion Loan to AI Cloud Firm Fluidstack
The loan would come not from a bank but from an office inside the Defense Department that most of Wall Street has never heard of. The Pentagon is negotiating a…
UAE Pledges 40 Billion Euros of Investment in Germany
The president of the United Arab Emirates arrived in Berlin this week carrying a number the German government was happy to repeat: 40 billion euros. Sheikh Mohamed bin Zayed Al…
Amazon Puts Its Ads Inside ChatGPT and Turns Prime Video Into a Store
Amazon made two moves on September 10 that push the same idea from opposite directions. It agreed to place advertisers’ campaigns inside ChatGPT, and it expanded the shopping features of…
OpenAI Turns ChatGPT Into a Junior Analyst for Wall Street
OpenAI released on September 10 a version of ChatGPT built for finance, and it recruited two of the firms that will compete with it to help design the thing. ChatGPT…
