Judge Rules Pentagon’s Designation of Anthropic Unlawful, Clearing Path to IPO
Late on Aug. 27, U.S. District Judge Rita Lin ruled that the Trump administration’s decision to label Anthropic a “supply chain risk” was unlawful, saying Defense Secretary Pete Hegseth’s designation…
OpenAI, Microsoft and 116 Organizations Warn of Imminent AI Cyberattacks
OpenAI published an open letter on Aug. 28 calling for stronger global cyber defenses, signed by 116 organizations including Anthropic, AWS, Google, Microsoft, OpenAI and Oracle. The letter warns that…
SK Hynix Breaks Ground on First U.S. HBM Packaging Plant in Indiana
SK Hynix held a groundbreaking ceremony on Aug. 27 for its first U.S. high-bandwidth memory packaging plant, a facility in West Lafayette, Indiana, that will cost more than $4 billion…
Marvell Posts Record Revenue but Shares Fall on Chip-Timing Worry
Marvell Technology reported record quarterly revenue on Aug. 28, beating analyst estimates, then watched its shares fall 7.6% in after-hours trading as investors focused on a single line in the…
SoftBank Seeks $10 Billion Loan to Refinance Its OpenAI Bet
SoftBank Group is in talks to borrow $10 billion for two years to refinance debt it took on to fund its investment in OpenAI, according to people familiar with the…
OpenAI Hires Meta Executive to Lead Southeast Asia, Australia
Sandhya Devanathan’s post went up on LinkedIn on the morning of Aug. 28: after more than a decade at Meta, she was resigning, taking a short pause, and preparing for…
Cathie Wood Adds Broadcom and Cerebras, Trims AMD and CrowdStrike
The daily disclosure file showed the shift before the market opened: ARK Invest funds had bought more Broadcom and Cerebras, and trimmed positions in AMD and CrowdStrike. The trades, disclosed…
Activist Fund Bids 45% Premium for Samsung’s Stake in Security Firm S-1
The offer arrived with a premium attached and a message implicit in the arithmetic. Flashlight Capital Partners, an activist investment firm, has proposed buying Samsung Group’s entire 20.6 percent stake…
AI Assistant Startup Instinct Raises $350 Million, Valued at $2.5 Billion
Noah Shinn was 23 when he founded Instinct last year, an AI assistant startup with a pitch that sounds simple and a valuation that does not: an agent that manages…
Stability AI Raises $76 Million From Record Labels and EA
The three largest record labels in the world spent years suing AI companies over their catalogs. On Tuesday they put money into one. Stability AI, the London-based company best known…
