After last week’s earnings onslaught, things will likely quiet down this week. Aside from neoclouds CoreWeave and Nebius, no major tech earnings announcements are scheduled, which gives us a chance to assess what we learned in the past week. One big takeaway is that the enterprise software ...

OpenAI CEO Sam Altman said Friday on X the company was pausing work on its upcoming Astra model to make sure the rollout was done safely “given its cyber capabilities.” The decision followed revelations that models from OpenAI , Anthropic and Meta had jumped their guardrails to breach other companies’ systems. Altman demonstrated Astra—which touts its ability to have multiple agents work

Nvidia has agreed to invest $2 billion into Lancium, the power infrastructure developer behind the OpenAI and Oracle AI campus in Texas, and has agreed to commit another $1 billion as the developer secures additional planned power, The Information reported late Friday . The deal values Lancium and its portfolio of land and power connections at around $10 billion in enterprise value, which

Microsoft came out of this summer’s earnings season looking like a prudent spender. Unlike rival cloud computing firms Amazon and Alphabet, which both burned cash thanks to their heavy AI investments, Microsoft not only generated $19.6 billion in free cash flow in the June quarter but forecast ...

Local government resistance to data center development accelerated this summer, a warning sign for big AI companies such as Anthropic, Google and OpenAI that are pinning their compute ambitions on data center expansion. In July alone, more than 150 towns and counties passed temporary or ...

The coming initial public offerings of AI giants Anthropic and OpenAI could spell a windfall for San Francisco real estate agents, private jet companies—and wild animals. As AI employees with fast-appreciating stock look to start cashing out, philanthropies are talking to potential donors and ...

Welcome, Weekenders! In this newsletter:• The Big Read: Sequoia’s new leaders go all out on AI.• Why U.S. robotics startups are stuffing parts from China in their luggage.• Plus, Recommendations—our weekly pop culture picks: “What to Carry, What to Burn,” “The Secret Dinner” and “Arco”The West ...

Nvidia has agreed to invest $2 billion into Lancium, the power infrastructure developer behind the OpenAI and Oracle AI campus in Texas, and has agreed to commit another $1 billion as the developer secures additional planned power, three people familiar with the transaction said. The deal values ...

Cursor told staff at an all-hands meeting on Thursday that SpaceX could complete its $60 billion acquisition of the coding startup as soon as the end of next week, and flagged that the Cursor brand name will likely be phased out for new products in the coming months, people familiar with the ...

Legal AI startup Harvey is in talks to raise at least $500 million at a $15.5 billion valuation including the investment, a 40% premium to its last valuation five months ago. The fundraising follows a revenue surge at the legal AI startup, according to a person with knowledge of the fundraise. ...

On a muggy morning in April, a venture capitalist from San Francisco arrived in China’s southern tech hub of Shenzhen with a long shopping list. His friends at U.S. robotic startups had asked him to bring back humanoids and various robotic components from China. He headed to Shenzhen’s ...

Gemini Space Station, the crypto exchange founded by billionaires Tyler and Cameron Winklevoss, reported a second-quarter net loss of $108 million, weighed by higher provision for credit card losses due to an identity fraud event. The company said it identified the fraud event earlier this year and as investigation progressed, it identified additional fraud patterns and affected accounts

Tarun Chhabra, a former Biden administration official who serves as Anthropic’s head of national security policy, is transitioning out of his role, according to a spokesperson. Chhabra will take on a new advisory role at Anthropic focused on geopolitics and national security policy and will continue to work with Anthropic leadership, the spokesperson added. It’s unclear if he will remain

Amazon Web Services leaders met with engineers in May and delivered a sobering message: To ensure AWS has enough capacity for all its customers at its popular EC2 cloud server business in the future, engineers should save capacity however they can, according to a person with knowledge of the ...

South Korean memory maker SK Hynix said on Friday that it will start the construction of two new chip plants next year, after its board approved its plan to invest about 54 trillion won ($38 billion) in the new fabs. The company’s announcement of the timelines for its new fabs comes as demand for memory chips continues to surge amid a global AI boom. SK Hynix said the construction of its

China’s top internet regulator said on Thursday it had launched a cybersecurity review of products sold in the country by U.S. security software firm Palo Alto Networks. The Cyberspace Administration of China said that the purpose of the review is to “ensure the secure and stable operation of key information infrastructure, prevent cybersecurity risks and safeguard national security.” The

Datadog shares dropped more than 19% after the software firm forecast a slowdown in annual revenue growth for its current quarter and said it stemmed from its largest customer reducing its spending. On an earnings call, CEO Olivier Pomel declined to name the customer, saying only that it renewed its contract with the firm during the quarter. While this may seem counterintuitive, Datadog

Meta Platforms was ordered by a New Mexico judge on Thursday to pay $567 million in compensation after the company was found liable for harming teens’ mental health in the state. The penalty follows a March jury verdict ordering the parent company of Facebook, Instagram and WhatsApp to pay $375 million, bringing the total penalties to $942 million. The lawsuit was brought by New Mexico

Over the last year, we’ve seen more generalist venture capital firms make forays into defense tech, a niche once relegated to specialized investors comfortable with revenue based on uneven government contracts and who weren’t restricted from investing in weapons makers by their limited partners. ...

If you’re one of those executives at Alphabet, Meta Platforms or Amazon who deals with investors, here’s an idea: Put a large photo of SoftBank CEO Masayoshi Son on the wall of your office. Next time a visiting investor complains about your AI spending, point to the photo. That should end the ...