Anthropic Pitches Investors on $30 Trillion Market Ahead of Planned IPO
The pitch begins with a number that dwarfs the global economy: more than $30 trillion. Anthropic, the AI company behind the Claude chatbot, plans to tell prospective investors that its…
Emerald AI Raises $150 Million to Turn Data Centers Into Flexible Power Users
On hot afternoons in California, when grid operators plead for every megawatt, a data center running Emerald AI’s software does the opposite of what its tenants expect: it throttles back.…
SoftBank Explores Up to $20 Billion Bond Sale to Refinance OpenAI Stake
SoftBank Group executives have begun talks with investment banks about a bond offering that could raise between $10 billion and $20 billion, according to people familiar with the matter, part…
Micron Falls 6.9% as China Memory IPO and Patent Fight Weigh on the Stock
BOISE, Idaho — Micron Technology’s shares fell about 6.9 percent on Monday, sliding below $910, as investors weighed two pressures at once: a coming Chinese memory-chip initial public offering that…
Streamers Sue Twitch and Amazon Over AI Training on Livestreams
SAN FRANCISCO — A group of American online streamers filed a class-action lawsuit against Twitch and its parent company Amazon on Aug. 21, accusing the companies of using livestream content…
Walmart Ends Its Apple Pay Holdout, Accepting Tap-to-Pay at the Register
BENTONVILLE, Ark. — For the better part of a decade, Walmart was the most prominent holdout in American payments, refusing to accept Apple Pay and Google Pay at its registers…
Cook to Step Down as Apple CEO, Ternus Takes the Helm
CUPERTINO, Calif. — In one week, Tim Cook will do what no Apple chief executive has done since the company’s founding era: hand the job to a successor while staying…
Justice Department Probes a16z’s Board Seats at Rival AI Companies
WASHINGTON — The Justice Department is investigating whether Andreessen Horowitz, one of the most powerful venture capital firms in Silicon Valley, creates conflicts of interest by holding board seats at…
Dutch Regulator Fines Uber $966 Million Over Automated Driver Deactivations
AMSTERDAM — The Dutch data protection authority fined Uber 825 million euros, or about $966 million, on Sunday for the way it deactivates driver accounts, ruling that an automated process…
Google Cloud and Verizon Team Up to Sell AI to Enterprise Customers
NEW YORK — Google Cloud announced a strategic partnership with Verizon on Monday, an agreement designed to deliver artificial-intelligence services to the telecom giant’s corporate customers at scale. The two…
