SK Hynix CEO Sees Memory Shortage Running to 2030
In the cleanrooms where SK Hynix etches memory chips, the machines are running flat out, and the chief executive says they will be for years. Kwak Noh-jung, who runs the…
AI Labs Snap Up Tens of Thousands of Macs for Agent Training
They arrive without screens, keyboards or mice, bare aluminum boxes stacked on pallets in warehouses near AI laboratories. The machines are Mac minis and Mac Studios, and OpenAI and other…
SB Energy Dangles $5.5 Billion in Warrants to Keep OpenAI as a Tenant
The filing reads less like an IPO prospectus and more like a courtship document. In the draft registration statement SB Energy submitted for its planned stock market debut, the SoftBank-owned…
AWS Puts OpenAI, Anthropic and Meta Models Inside Government Cloud
A procurement officer at a U.S. federal agency logs into a cloud console that, until recently, offered only a narrow menu of approved artificial intelligence tools. The new menu includes…
Italian Buyout Firm Nextalia Closes 1.1 Billion Euros, Shunning the AI Crowd
The fundraising memo made no mention of artificial intelligence. For Nextalia, the Milan-based private equity firm, that was the point. The firm said this month that its second flagship buyout…
AI’s Move From Chatbot to Operator Puts Productivity Claims to Work
Inside a European financial institution, a cluster of software agents now spends its working hours simulating the institution’s entire decision structure. Each agent competes with the others, filtering noise and…
Oracle Prepares Another Round of Job Cuts
Oracle has drafted a new round of layoffs that could remove a double-digit percentage of its workforce, according to people familiar with the matter, with employees bracing for announcements around…
Anthropic Proposes Standard for AI That Controls Machines
Anthropic released a research preview Aug. 27 of a proposed standard for letting AI agents operate laboratory instruments, robots and factory equipment. The Model Hardware Standard, or MHS, is designed…
Lambda Raises $1 Billion in Debt for Nvidia Chips
Lambda, an AI cloud company that rents out Nvidia’s chips, has completed a $1 billion private short-term debt financing arranged by JPMorgan, according to people familiar with the matter. Bloomberg…
SpaceX Builds Turbine Foundry in Texas to Make Its Own Power Gear
In Bastrop, a town east of Austin known for a SpaceX factory that stamps out rocket parts, the company is planning something new: a foundry to cast the blades and…
