Less than a month after OpenAI set off a mathematics firestorm by announcing it had solved one of the field’s most challenging problems, the AI company dropped more than 700 new research papers detailing results on a range of math subjects. The new results were produced by an unreleased AI model more advanced than commercially available ones, OpenAI said on Tuesday. The company published

We’re well into the growth-through-acquisition era in the food-delivery industry. Uber’s $2.3 billion purchase of business catering firm ezCater, unveiled on Tuesday, comes just a few weeks after DoorDash snapped up a college campus meal-delivery business for $300 million from Wonder. Neither of ...

For years, deep-pocketed venture firms have partnered with seed investors to get access to startups’ later rounds if their growth takes off. The bigger firms often invest in the seed funds, with a handshake agreement that they’ll get a heads-up if a hot young startup is about to raise again.A ...

Software provider HubSpot is laying off 660 employees, or 7% of its staff, as part of a restructuring that will include eliminating some management layers and reorganizing product teams, CEO Yamini Rangan announced in a blog post. The job cuts are “not simply a cost-cutting exercise” and do not stem from HubSpot’s internal usage of AI to replace work that has traditionally been handled by

Pinterest named Amazon executive James Dibbo as chief financial officer. It’s the fourth C-suite shakeup for the social media firm this year. Dibbo, who will start at Pinterest on October 26, previously led finance at Amazon’s media and retail divisions, most recently serving as vice president and CFO for global entertainment, advertising and corporate development. Amazon businesses

Anthropic said it is expanding and restructuring its cybersecurity access programs to enable more cyberdefenders to use its most advanced Claude models to secure their systems against potential AI attacks. Under the changes, announced Tuesday, all members of Anthropic’s Cyber Verification Program will have access to Anthropic’s most advanced Mythos models for some cyber uses, which were

Goldman Sachs is promoting Jane Dunlevie, a senior tech banker who has worked on deals for OpenAI, Stripe and Instacart, to co-lead the bank’s technology, media and telecommunications investment banking group, according to an internal memo seen by The Information. Jane Dunlevie, who was recently the global chief operating officer of the same group, is going to lead the group alongside current

There was good news and bad news for Anthropic in our story yesterday that showed how two of its mega-customers, Microsoft and Meta, were cutting their staffs’ Claude bills.Among the bad news was that Microsoft had reduced its spending on Claude by more than 33% from its peak of over $1 billion, ...

It won’t be any surprise to people with human intelligence that Monday’s New York City Council hearing on the risks of AI was as theatrical as a Broadway show. What was more surprising was what the AI researchers testified about how AI research is evolving, and what that means for their job.For ...

Uber is to pay $2.3 billion in cash to buy ezCater, a firm that handles catering and meals in workplaces, the ridehailing and food delivery giant said on Tuesday. EzCater’s service offers businesses a way to order from restaurants across the country, including for meetings and events. The company generated more than $2.5 billion in gross bookings in the past 12 months, growing “high teens year

AI doesn’t seem likely to completely replace enterprise apps like Workday, which companies use to store key information about employees and financial transactions. But it is putting potential constraints on their growth. Already, some Workday customers are using so-called AI agents from ...

The Ellison family’s Paramount Skydance completed its $110 billion purchase of Warner Bros. Discovery, Paramount said Tuesday morning, creating a new company to be called Skydance. The combined company owns both the Warner Bros. and Paramount film studios, the HBO Max and Paramount Plus streaming services as well as CBS and an array of cable channels including CNN, Discovery, MTV and

Kling AI, a spun-off unit of Chinese video app Kuaishou Technology, has picked banks for a Hong Kong initial public offering that could raise at least $1 billion, Bloomberg reported. Kling, which develops AI video generation models, is aiming for a listing as soon as next year. The company is working with China International Capital Corp., Goldman Sachs and UBS on the share sale, according to

Imagine working in the OpenAI department responsible for dealing with politicians and regulators right now—things must be so intense you could almost be working for Elon Musk. Every politician worth their salt, in countries around the world, is jumping into the AI safety fray. Case in point: On ...

Singapore-based DayOne Data Centers on Monday filed for an initial public offering on the Nasdaq Stock Market, a signal of optimism about the IPO market. A string of companies have postponed plans to go public in recent weeks due to choppy market conditions. DayOne, which mainly operates data centers in Southeast Asia, reported fast-growing revenue as well as widening losses in its filing. Its

Nvidia is reconsidering the structure of an initiative it announced earlier this summer, the AI Compute Partnership, to provide credit support to AI cloud providers that rent out Nvidia chips, in exchange for a cut of those rental revenues, The Information reported Monday . People involved in the discussion said Nvidia is fundamentally rethinking how the program will work. Some more

Last week, OpenAI scrapped the model it had slated to release as GPT-6.1 Astra due to test results showing that it was deceptive and otherwise misaligned. “I think it’s about time,” said Stuart Russell, the computer science professor at the University of California, Berkeley, who co-authored the ...

OpenAI said Friday night that it will terminate its contract to provide its AI models to coding assistant Cursor following Cursor’s $60 billion acquisition by Elon Musk’s SpaceX. The move escalates the high-profile feud between OpenAI CEO Sam Altman and Musk: OpenAI’s post explicitly cite a lack of trust stemming from alleged past contract violations by Musk-owned entities like X and xAI. (Musk

Prediction markets startup Kalshi was dealt a setback by a federal appeals court that Friday ruled states had the right to regulate prediction markets, increasing the likelihood the company will turn to the Supreme Court to intervene in a fight between state lawmakers and the U.S. government. The U.S. Court of Appeals for the Ninth Circuit rejected Kalshi’s attempt to stop Nevada’s injunction

PayPal shares tumbled 12% on Friday after a Bloomberg report that Stripe and private equity firm Advent International had abandoned their attempt to buy the company. Shares of PayPal fell to $54 as of Friday morning, lower than the $60.50 per share price that Stripe and Advent had offered in July, which would value PayPal at more than $53 billion. PayPal viewed that offer as insufficient and