OpenAI Says Its Next Model Finds Zero-Day Flaws Without Help
SAN FRANCISCO—OpenAI said its next flagship model can do what elite security researchers do for a living, and do it without being shown how. The company described the capabilities in…
Uber to Cut About 3,300 Jobs, Its Biggest Round Since the Pandemic
SAN FRANCISCO—Dara Khosrowshahi has spent years telling investors that Uber’s future runs on robotaxis. On Wednesday he told employees the company needs to be smaller to get there. Uber is…
ECB Warns U.S. Tech Giants’ AI Borrowing Could Strain Euro Markets
The euro-area corporate bond market has acquired a new class of regular customer: American technology companies borrowing to pay for artificial-intelligence infrastructure. In a blog post on Sept. 2, the…
Global Bond Selloff Deepens as Yields Reach Multi-Year Highs
In Tokyo on Tuesday morning, fixed-income desks opened to a chart that few traders had seen in their careers: the 10-year Japanese government bond yielding 3 percent, a level not…
Anthropic and Nvidia-Backed Lambda Strike $35 Billion Cloud Deal
Anthropic has signed a $35 billion cloud computing agreement with Lambda, the Nvidia-backed cloud services provider, according to people familiar with the transaction. The data center capacity at the center…
FTC and 22 States Sue Amazon Over Hidden Ad Auction ‘Soft Floor’
The Federal Trade Commission and 22 states sued Amazon on August 31, accusing the company of quietly rigging its advertising auctions for more than seven years and overcharging more than…
OpenAI’s Ad Business Passes $1 Billion Annualized Revenue
OpenAI disclosed on August 31 that its advertising business, ChatGPT Ads, has reached $1 billion in annualized revenue, a figure confirmed by CNBC and Reuters. The number is notable for…
a16z Expands Growth Fund to $8.5 Billion, Doubling Down on AI
Andreessen Horowitz, one of Silicon Valley’s most influential venture firms, has expanded its fifth growth fund to $8.5 billion, adding $1.75 billion to the $6.75 billion the fund raised at…
Polymarket Raises $300 Million Led by Fund Tied to Trump’s Son
Polymarket, the prediction market platform that became famous during the 2024 U.S. election, has raised about $300 million in a funding round led by an investment fund associated with Donald…
Italian Buyout Firm Nextalia Closes 1.1 Billion Euros, Shunning the AI Crowd
The fundraising memo made no mention of artificial intelligence. For Nextalia, the Milan-based private equity firm, that was the point. The firm said this month that its second flagship buyout…
