Nvidia is in talks to invest as much as $3 billion in SB Energy, the Softbank Group-backed developer of a massive planned Ohio data center project for OpenAI, according to people familiar with the discussions. The investment is being discussed as part of Nvidia’s negotiations with OpenAI and SB ...

• The Big Read: Inside the ascendance of Anthropic’s “first lady”• Elon Musk’s flying roadster is finally ready• Plus, Recommendations—our weekly pop culture picks: “The Betrayal of Shohei Ohtani,” “Little Blue Dot” and “Furious”What’s the best measure of AI’s great proliferation?Most obviously, ...

Nvidia is close to an agreement to provide around $100 billion in credit support for OpenAI to lease a proposed AI data center campus in Ohio that is among the largest projects of its kind, according to four people with knowledge of the talks. The support would help with financing for the first ...

Thrive Capital’s 2022 fund—a $516 million vehicle that invested in SpaceX, OpenAI, Cursor, Anduril, Ramp, Wiz and Databricks—has risen in value more than seven times net of fees as of June 30, according to a recently published letter it sent to limited partners . The multiple of total value to paid-in capital, which includes paper and cash returns, puts Thrive’s fund well above top decile funds

SpaceX completed its $60 billion acquisition of coding startup Cursor on Friday, the companies said. SpaceX received an option to buy Cursor for $60 billion in an all-stock transaction in April, part of a partnership agreement between the two companies. That agreement allowed Cursor to use SpaceX’s AI unit computing capacity to train its coding model, Composer, while SpaceX got access to tools

Between Elon Musk’s promises of supernimble robots and interstellar colonization, the billionaire has spent plenty of time over the last decade hyping up another ambitious effort: the next version of the Roadster, the sporty electric vehicle that first put Tesla on the map. At first, he said he ...

Chinese AI developer Z.ai on Friday released its new open-source model, GLM-5.3, saying its cybersecurity capabilities are on par with Anthropic’s Mythos 5. Beijing-based Z.ai, also known as Zhipu in Chinese, said GLM-5.3 has achieved significant improvements from its predecessor, GLM-5.2, in both coding and cybersecurity. In some security tasks, “the performance of GLM-5.3 is the same as

DeepSeek announced a significant increase in the prices of its models, a day after it released its flagship model, V4-Pro. From this Sunday, the cost of V4-Pro’s application programming interface will rise to $3.96 for output per 1 million tokens at peak hours and $1.98 at non-peak hours—up sharply from the current price of $0.87. The hike was expected: DeepSeek had said earlier this month

For years, venture investors have scouted potential investments in the graduating classes of Y Combinator in the hope of backing the next Stripe, Airbnb and DoorDash. Robinhood is now pitching this playbook to individual investors, with a new fund to invest in early-stage startups that ...

It may be the dog days of summer, but the biggest AI labs are breaking up the monotony with a few executive changes. The latest is OpenAI Chief Revenue Officer Denise Dresser. The ChatGPT maker said Thursday she would leave the firm after just eight months on the job.In her place, OpenAI has ...

Tim Luke, a vice chairman in Barclays global technology investment banking group, is joining Morgan Stanley as a senior investment banker, according to people familiar with his move. Luke, a long-time semiconductor investment banker and equity research analyst. He advised on some of the investment bank’s most high profile semiconductor deals including the 2023 public offering of

Stripe announced Wednesday that it agreed to acquire OpenRouter, a marketplace that aggregates AI models, seeking to position itself at the center of payments to AI firms. Stripe is paying $7.5 billion for OpenRouter, of which $1.5 billion is paid to the startup’s founders and $6 billion to investors, the New York Times reported, citing one person with knowledge of the deal. Stripe declined

Anthropic’s revenue rose around 14 times in the second quarter from the same period a year ago, according to a person briefed on the figures. That brought total revenue to $11.5 billion, from $787 million in the year-ago quarter and $4.73 billion in the first quarter, according to Bloomberg, which first reported the figures. It was also profitable on an adjusted operating income basis, the report

Eric Schmidt had plenty of reasons to toast the success of Dario Amodei and Anthropic at a private event the former Google CEO hosted recently. But Schmidt, who is also an early Anthropic investor, made a point to celebrate “Cami and Dario,” the couple seated together at the event. The Cami in ...

Tether, the largest stablecoin issuer, said it completed a full financial audit, conducted by KPMG US, for the first time, seeking to assure investors of its financial positions and reserve assets backing up its $182 billion of stablecoins. Tether said the audit confirmed that at the end of 2025, its reserve assets exceeded its liabilities by $6.8 billion. Tether didn’t disclose the audit

Workday shares rose 18% in Thursday trading after Reuters reported that the HR software company is in talks to be acquired by private equity firm Silver Lake. The jump trimmed Workday stock’s year-to-date loss to roughly 4%, a mild decline relative to fellow software firms such as Salesforce and ServiceNow, which are facing pressure to show more growth from AI products. Reuters reported

A recent analysis is challenging the idea that Chinese-made AI is cheaper than offerings from OpenAI and Anthropic.AlphaSense, a software firm that sells AI-powered search and market-research tools, released a study that found proprietary models from OpenAI and Anthropic are actually cheaper for ...

OpenAI said Thursday it is hiring Dali Rajic, president and chief operating officer of Alphabet-owned cybersecurity firm Wiz, to replace Denise Dresser as its new chief revenue officer. Dresser is departing the company “to pursue other opportunities following a transition period,” according to a blog post. Dresser, the former CEO of Slack at Salesforce, is leaving after just eight months.

The AI chip shortage is causing headaches for tech giants such as OpenAI. Among those hardest hit, though, are the startups trying to build their own AI models—so-called neolabs that need to use their limited funding to secure access to enormous clusters of graphics processing units for the ...

Eight days after AI agent startup Warmly in late June agreed to be acquired by HubSpot, CEO Maximus Greenwald found an unusual email in his inbox. Mercor, a San Francisco startup that pays contractors to train AI models for labs such as OpenAI, Anthropic and Google, was offering to buy or ...