‘Big Short’ Investor Eisman Warns AI Boom Rests on Two Private Companies
Steve Eisman made his name betting against subprime mortgages before the 2008 financial crisis, a trade chronicled in the book and film “The Big Short.” On Aug. 13, he turned…
Cerebras Hardware Sales Slide as Cloud Revenue Soars
Cerebras Systems, the chip company that has spent years positioning itself as the challenger to Nvidia, reported quarterly results on Wednesday evening that showed its business moving in two directions…
Anthropic Prepares for October IPO as Investors Float $2 Trillion Value
In the past week, Anthropic’s investors have been making their case to anyone who will listen: the maker of the Claude AI models is worth $2 trillion. The Financial Times…
SpaceX Weathers First Lockup Test as Starlink Reaches Vietnam
On Aug. 6, more than 911 million SpaceX shares came out of their first lockup, roughly doubling the number of shares available to trade in a single session. By every…
Apple in Talks to License News Content for AI-Powered Siri
Late on Aug. 12, The Wall Street Journal reported that Apple is negotiating paid licenses for news content, with the goal of improving how its AI-enhanced Siri answers questions about…
IBM Brings OpenAI’s GPT-5.6 to Its Enterprise Customers
IBM said on Aug. 13 that it had reached an enterprise AI agreement with OpenAI, giving its corporate customers access to GPT-5.6 inside IBM’s own platform. The deal pairs the…
AI Coding Startup Cognition in Talks at $40 Billion Valuation
Cognition, the startup behind the AI coding agent Devin, is in talks with investors about a new funding round at a valuation of about $40 billion, according to people familiar…
Lovable Raises $400 Million as Tencent Backs European AI
Lovable, the Swedish startup that lets people build software by describing it in plain language, has closed a $400 million Series C round at a $13.3 billion valuation, TechCrunch confirmed…
Oracle Plans Another Round of Layoffs as AI Spending Bites
Oracle is preparing another round of layoffs before the start of its next fiscal quarter, The Next Web reported on Aug. 13, citing people familiar with the company’s plans. The…
Enterprise AI Firm Thrive Holdings Raises $2 Billion
Thrive Holdings, a company that brings artificial intelligence into the core operations of large businesses, said it completed a $2 billion funding round on Aug. 12. The company sits squarely…
