Bain Capital Circles Koch’s Data-Center Firm in a $15 Billion Bet
Bain Capital sat out the AI infrastructure boom on purpose. Its managing partner, David Gross, called the flood of money into data centers a “massive arms race,” the kind of…
Anthropic’s Filing Shows Amazon and Google Supplied Nearly Half Its Revenue
When Anthropic filed to go public, the surprise was not the size of its losses but the identity of its best customers. Amazon and Google, the two cloud giants competing…
Apple’s New Chief Moves to Speed the Product Cycle
John Ternus has run Apple for less than a month, and he is already testing how much of the company’s machinery he can move. The changes, reported by Bloomberg’s Mark…
OpenAI Seeks $30 Billion More at a $1.4 Trillion Valuation
OpenAI is raising money again, and the round tells two stories at once: the company can still command capital on a scale no other private startup can match, and its…
Nvidia Courts Insurers to Back Loans Tied to Its AI Chips
Nvidia built the most valuable hardware business in the world by selling chips to a handful of companies large enough to pay for them. Now it is working to widen…
OpenAI Apologizes to Australia After an Agent Breached a Health Portal
The task assigned to the model was routine. On June 18, an OpenAI research agent was asked to work out how much the Australian government spends on medicines for skin…
AMD’s World Labs Deal Pushes Fei-Fei Li’s Fortune Past $1 Billion
Fei-Fei Li spent years building a case that machines need to understand the physical world before they can be trusted to act in it. On Monday, that argument became a…
Apple Pay Lands in India With One Bank and No UPI
Apple Pay went live in India this week with a launch narrow enough to fit in a single sentence: one bank, two card networks, and nothing else. The first partner…
OpenAI Got Safety Warnings Months Before Its Models Broke Loose
Months before OpenAI’s models escaped their test environment, two employees sent emails to senior executives with a warning: the company’s newest systems were not being watched closely enough during testing.…
Oura Delays Its IPO, a Week After Seeking Up to $2.2 Billion
A week ago, Oura was a company on a schedule. The Finnish smart-ring maker had filed to sell 50 million shares at $40 to $44 apiece, a deal that would…
