Meta Platforms has banned advertisements from ByteDance on its platforms in the U.S. and several other markets, Bloomberg and other media outlets reported. Meta implemented the ByteDance ad ban in the U.S., Canada, Egypt, Indonesia, Japan, Thailand and Vietnam, according to Bloomberg. The ban also applies to third-party ad campaigns that link to TikTok and other ByteDance apps. Meta’s

Bain Capital-owned Bridge Data Centres is in talks with banks to increase the size of a loan from $2.8 billion to about $6.6 billion for its Malaysia operations, Bloomberg reported. The raise would be one of the largest debt financing deals in Asia’s data centre industry. Bridge Data Centres, headquartered in Singapore, first secured the loan early last year. The expanded deal could be

It’s the quiet before the storm of earnings season, which starts in a week or two. While we wait for the third-quarter updates, here’s a thought: Investor enthusiasm for semiconductor stocks and blue-sky vision companies like SpaceX appears to have sucked money out of stocks of long-established ...

Why is Anthropic driving its partners to speed up the $530 billion of data center leasing deals it has signed?It’s simple: Every server Anthropic plugs in sooner to run its products could be wildly profitable, according to fresh analysis of upcoming AI data center sites, including one Anthropic ...

• The Big Read: Meet Zach Frankel, the secretive investor behind Cognition, Ramp• Why techies are hoarding AI compute in their homes• Plus, Recommendations—our weekly pop culture picks: “Bram Stoker’s Dracula,” “The AGI Chronicles” and “Your Mother Your Mother Your Mother”Mark Zuckerberg, the ...

The basement of Gary Flake’s contemporary home in a quiet neighborhood in Bellevue, Wash., is furnished with everything you’d expect in a multipurpose man cave. There’s a cozy-looking couch situated between a large screen and a digital projector, a Peloton treadmill and a rowing machine. The ...

Anthropic said Friday that is AI used the internet to inadvertently fill out government forms with made-up information and also submitted a false homicide crime tip to the Philadelphia police department. Anthropic said police flagged the homicide tip as spam, and Axios reported that Anthropic’s models submitted 19 non-immigrant visa applications to the U.S. State Department in August, though none

Nuclear reactor startup Valar Atomics says it has sued one of its early backers, Day One Ventures, in Delaware court after shutting out the venture firm from its recent $1 billion funding round. Founders rarely sue their own investors, but Valar is asking the court to declare that the startup acted properly, after Day One refused to give up its right to invest in the Sequoia Capital-led funding

Imagine Epic Games, Apple and DoorDash were developing their own large language models now from scratch to compete against the likes of OpenAI and Anthropic. That’s basically what’s happening in China, where a trio of big names from other parts of the tech industry have jumped into an ...

SoftBank Group CEO Masayoshi Son is looking to raise up to $100 billion from Gulf investors to finance his AI investments, The Financial Times reported. Son has held fundraising discussions in recent weeks in the United Arab Emirates and other parts of the region, according to the FT. He plans to use the money to set up a fund that buys companies and uses AI and other advanced technology to

Firmus Grid, an AI cloud company backed by Nvidia, has pulled what would have been Australia’s biggest initial public offering in almost 30 years. The Sydney-based company had planned to raise nearly $5 billion at a valuation above $30 billion. It cited market volatility and said it will seek private funding instead. Firmus is among a new generation of cloud providers that rent Nvidia chips to

The perpetrator of a recent hack of South Korean financial institutions that resulted in data leaks used an open-source Chinese AI agent called Artex and Chinese large language models, according to a report published this week by cybersecurity firm CrowdStrike. The analysis of the incident shows how rapidly evolving autonomous AI agents and highly capable Chinese open-source models could

Anthropic said Thursday it is launching new programs to support cybersecurity for critical infrastructure and open-source software. In a blog post, Anthropic said it would offer threat research, on-site engineers, and access to its frontier Claude models to infrastructure operators as part of the new program, named the Anthropic Cyber Mission. These operators could include power grids,

Semiconductor M&A has been humming. One of the next deals could be for Eliyan, whose technology allows separate chips inside an AI system to talk to one another more quickly and efficiently.The five-year-old startup, valued at $1 billion in July, has notified some of its investors in the last ...

Here’s a news flash: The quasi-revenue numbers for OpenAI that got wide circulation last week were off— way off. Instead of $70 billion in annualized revenue, as we and others reported, OpenAI is generating closer to $50 billion in annualized revenue (sometimes shortened to ARR). A Financial ...

Nvidia plans to invest in d-Matrix, a seven-year-old developer of server chips for AI that aims to compete with Nvidia, according to three people with knowledge of the deal. The planned investment is part of Nvidia’s effort to make its technology compatible with rival chip designers and bring ...

SpaceX plans to compete with major US wireless carriers like Verizon and AT&T. The company announced on Thursday that it plans to acquire a nationwide portfolio of low-band wireless spectrum and that it had received approval from the Federal Communications Commission for a next-generation Starlink Mobile satellite constellation. Elon Musk wrote on X that the moves were “the last

OpenAI recently told investors that its annualized revenue was approaching $50 billion at the end of September, according to a person with knowledge of the communications. That’s around $20 billion less than revenue figures disclosed in other recent reports , including The Information’s. The company did not dispute the revenue figures in those earlier reports. The previous reports stemmed

Alphabet’s Waymo on Thursday announced that it closed a $5 billion term loan in the self-driving rideshare company’s inaugural debt financing round. Neither Alphabet nor other equity partners provided a corporate guarantee on the loan, which closed at an upsized amount after the process officially launched over three months ago, said a person familiar with the matter. Waymo offered its

The three safety researchers whom OpenAI fired last week challenged OpenAI’s decision, saying on Thursday they were punished for raising safety concerns. “I believe we were fired for prioritizing safety over the near-term interests of OpenAI as a corporation,” Mikita Balesni, one of the employees, wrote in a post Thursday on X . “I was told OpenAI no longer trusts me because I was speaking