DeepSeek Closes Record $7 Billion Round With Unusual Terms
The announcement had been expected for months; the terms had not. DeepSeek said Tuesday it has completed its first external funding round of more than $7 billion, roughly 50 billion…
SoftBank and OpenAI Take AI Security to Japanese Companies
Masayoshi Son has spent years telling investors that AI will change everything. On Tuesday his company began selling that argument to Japanese corporations, one vulnerability at a time. SoftBank Group,…
OpenAI’s $150 Million Bet on Partners Who Sell for It
The announcement, made Tuesday, was modest in form and large in intent. OpenAI said it is launching a partner network with an initial investment of $150 million, offering training, technical…
Kazakhstan Bets $10 Billion on an AI Data Center
The signing ceremony took place in Ekibastuz, a coal-mining city in northeastern Kazakhstan known for one of the world’s largest power plants rather than for cloud computing. The government, the…
AI’s Unlimited Era Ends as Token Taps Tighten
For two years, the pricing philosophy of the AI industry could be summarized in one word: more. Then the bills came due. AI companies are now raising API prices and…
Salesforce to Acquire AI Customer-Service Firm Fin for $3.6 Billion
Eoghan McCabe built Intercom into one of the most recognizable names in customer-service software, then spent two years remaking it into an artificial-intelligence company. On Monday, Salesforce said it would…
Meta Puts AI Search at the Center of Facebook
For most of its two decades, the search bar at the top of Facebook has been one of the least useful tools on the internet. On Monday, Meta Platforms turned…
Security Experts Urge White House to Reverse Ban on Anthropic’s Top Models
The message that triggered the whole affair was three words long: “Fix this code.” According to Fortune, that was the extent of the “jailbreak” that led the U.S. government to…
Memory-Chip Stocks Rally as Iran Accord Lifts a Sector Already Running Hot
The rally that swept global markets Monday ran first through a cluster of companies that most Americans cannot name. Memory-chip makers surged across the board: Western Digital jumped 13%, SanDisk…
Musk Predicts $1 Trillion in Annual Revenue for SpaceX; Analysts Disagree
On Sunday night, Elon Musk posted a number to X that made even his admirers pause: $1 trillion. By 2030, he wrote, SpaceX could reach roughly $1 trillion in annual…
