Nscale Adds a Former OpenAI Deputy to Its Board Ahead of a U.S. Listing
Fidji Simo spent three years running the business side of OpenAI as chief executive of its AGI deployment arm, the second-in-command behind Sam Altman. Before that she led Instacart through…
Cohere in Talks to Raise Up to $3 Billion at a $20 Billion Valuation
A Toronto-based AI company that has spent three years positioning itself as the non-American alternative to OpenAI is now in talks to raise money on a scale no Canadian private…
Nvidia’s CEO Brushes Off the ‘Circular Financing’ Question
On a stage at Goldman Sachs’ Communacopia+ technology conference on September 10, Jensen Huang was asked about the charge that has trailed Nvidia for more than a year: that the…
Altman Says OpenAI Won’t Go Public This Year
When the Fortune editor asked Sam Altman whether he felt pressure to move faster because of the IPO, his answer cut the other way. “We’re not rushing into an IPO,”…
Anthropic Courts Nvidia as Cornerstone Investor for a $2 Trillion IPO
Anthropic, the AI lab that has spent years casting itself as the cautious rival, is now preparing the largest initial public offering in history. Reuters reported on September 11 that…
Kalshi Moves to List Single-Stock Perpetual Contracts
The product was born in crypto and is now heading for the stock market. Kalshi, the prediction market operator, plans to ask US regulators for permission to list perpetual contracts…
Intel’s Altera Prepares a Confidential IPO Filing
The chipmaker Intel has been shedding assets to raise cash for its turnaround, and its programmable-chip subsidiary is next in line. Altera is preparing to file confidentially for an initial…
Positron AI Raises $875 Million With a Bet Against Scarce Memory
The chip startup is gambling that the most expensive part of an AI server can be designed around. Positron, an AI inference chip company, said on Friday it raised $875…
Memory Prices Reach Consumers as Micron Hands Out Record Bonuses
The bonus is the size of a career. Micron has told employees in Taiwan they will receive payments of up to 68 months of salary, according to a CNBC report…
Meta’s Muse App Climbs the US Charts as the Company Buys an AI Startup
Meta’s personal AI agent app reached second place on Apple’s US download charts within two days of launch, an early sign that the company’s push into standalone AI apps has…
