Good morning! Anissa here.We’ve been tracking Google’s effort to expand the reach of its tensor processing units for quite a while, and two developments last week helped us understand where things are actually headed.On one hand, Google said on its earnings call that it plans to sell its TPUs ...

When Cursor agreed to a $60 billion conditional takeover offer from SpaceX last month—the purchase isn’t definite—some of Cursor’s rivals expected the coding startup to work with SpaceX’s xAI unit to develop new models, specifically for coding.That’s not happening anytime soon, apparently. ...

Some enterprise software companies are worried enough about customers using AI agents to access their data that they’re planning to install tollgates to their apps. And then there are software companies like SAP. Last month, the $200 billion German firm published a policy document for customers, ...

Elon Musk messaged OpenAI president Greg Brockman to gauge his interest in a possible settlement of Musk’s lawsuit against him a couple days before the trial began, according to a document that OpenAI’s lawyers filed with the court on Sunday night. Musk sent his message on or about April 25, two days before the trial began. Brockman responded that both sides could drop their legal claims

Video game retailer GameStop said Sunday that it had offered to buy e-commerce site eBay for $125 a share in cash and stock, a 20% increase from eBay’s share price Friday. The games retailer said it’s now built a 5% position in eBay, which it started to accumulate on February 4. GameStop CEO Ryan Cohen said in a letter to eBay’s chairman that he planned reduce eBay’s annualized costs by $2

Anthropic is close to sealing the creation of a joint venture with private equity firms to sell its AI to the PE firms’ customers, the Wall Street Journal reported late Sunday, confirming earlier reporting by The Information . Anthropic, Blackstone and Hellman & Friedman are each expected to invest about $300 million, while Goldman Sachs will put in $150 million, the newspaper said.

Results from Google, Microsoft and Amazon last week showed AI is still fueling cloud revenues, news that helped lift the stock market to fresh records on Friday. This week, we’ll get a clearer glimpse into whether AI can also lift the lagging prices of software stocks such as Palantir and ...

A jet painted with SpaceX logos ferried nearly 200 investors from the largest Wall Street funds from Newark, N.J., to the southern tip of Texas a week and a half ago for a multiday presentation from executives. The airplane was so full it couldn’t fit everyone who wanted to get on, said an ...

Welcome, Weekenders! In this newsletter:• The Big Read: Inside ZaiNar, the secretive startup hoping to power the physical AI era• Policy: Meet the Trump official who wants to deliver a win to prediction markets• Plus, Recommendations—our weekly pop culture picks: “Expanse: The Nannup Four,” “The ...

When Michael Selig took up his new position as head of the Commodity Futures Trading Commission a few months ago, he quickly embarked on an effort that seems fitting for a Trump administration official who would like to make it possible for every American living room to become a wagering parlor. ...

As Anthropic’s sales explode, straining the servers it uses, the company is considering adding another source of AI server chips in addition to existing suppliers Google, Amazon and Nvidia. The maker of Claude has recently been in talks with London-based startup Fractile to buy its inference ...

Video game retailer GameStop is preparing a bid that it could submit as soon as this month to buy e-commerce site eBay, according to The Wall Street Journal. The news comes after GameStop CEO Ryan Cohen, who took the helm of the company in late 2023, said as recently as this January that he was searching for potential acquisition targets in the retail sector to expand its own business beyond

Founders Fund has raised $6 billion for its fourth growth-stage fund, according to a person with knowledge of the efforts. The fundraise comes less than a year after the firm raised its third growth fund, of $4.6 billion. Some $4.5 billion of the new fund comes from the firm’s limited partners, the pension funds and endowments that back VC firms, and the remaining $1.5 billion is from Founders

S&P Dow Jones Indices, the index provider behind the S&P 500, said Friday it would consult with market participants to determine whether it should eventually let large stocks into indexes more quickly after their initial public offerings than current rules allow. The rule change could provide a big boost to demand for shares in the eventual IPOs of SpaceX, Anthropic and OpenAI. Under

Meta Platforms has acquired Assured Robotics Intelligence, a startup developing AI models for humanoid robots, for an undisclosed sum. A company spokesperson said Friday that it had acquired the startup, which focuses on developing AI models that help robots understand and adapt to human behavior across a range of environments. “This team, led by Lerrel Pinto and Xiaolong Wang, will bring a

A couple of weeks ago, Daniel Jacker, CEO and co-founder of ZaiNar, made me an alluring offer: Would I like to see the first-ever public demonstration of the technology his startup had spent nine years laboriously developing in anonymity? He described it as the most accurate location-tracking ...

The U.S. Department of Defense has signed deals with seven AI companies to use their technology on classified networks, the agency said Friday. The AI providers include SpaceX’s xAI, OpenAI, Google, Nvidia, Microsoft, Amazon Web Services, and the AI startup Reflection, the Pentagon said. Those firms all agreed to let the Pentagon use their AI software for any “lawful operational use,” the

Chinese tech startups such as Moonshot AI and DeepRoute.ai are considering changing their corporate structures—in which they’re technically based overseas—in favor of incorporating in China. That shift follows signals from China’s securities regulator that it is less likely to approve initial ...

Shares of Atlassian, a provider of software that helps teams of developers and employees collaborate on projects, jumped nearly 25% after its third-quarter earnings, as investors responded to signs that AI is giving a boost to its business. Atlassian’s revenue grew 32% to $1.8 billion during its March quarter compared to last year, up from 23% last quarter. On an earnings call, Atlassian

Tim Cook is going out with a bang. Apple reported a stellar March quarter on Thursday, delivering 17% higher revenue, thanks to 22% growth in iPhone revenues, a big change from several years of anemic growth in sales of the ubiquitous device. In other words, far more consumers are upgrading ...