UBS is hiring Nicole Su from JPMorgan to lead its AI investment banking efforts, according to an internal memo reviewed by The Information. Su, most recently an executive director at JPMorgan, will join the bank later this month as its head of emerging AI technology banking in the Americas, according to the memo. She will be based in Menlo Park, Calif., and will report to Laurence Braham,

Prices for Nvidia’s Grace Blackwell and Vera Rubin chip systems are set to rise about 17%, The Information reported Saturday . The price jump adds to a growing array of cost surprises for cloud providers and other data center developers, including unexpected power delays , political fights , the revocation of state tax incentives , and other technical challenges facing new facilities.

A joint venture established by Anthropic and Wall Street firms such as Blackstone has made its first acquisition since its July launch as it looks to boost the growth of Claude, Anthropic’s chatbot, among businesses. Anthropic’s venture, Ode, plans to announce Thursday that it is buying an AI ...

No one would ever call payment processing a glamorous business, although if anyone could make it interesting, it’s Stripe’s founders, the Collison brothers (they’re Irish, and one of them has a podcast set in a pub!). Stripe has been out of the limelight for a while, but that’s changed in recent ...

Marvell Technology granted Google rights to acquire a stake of up to $12.2 billion as part of an expanded partnership between the two companies. Under the new deal, which sent Marvell shares up 9.9% in Wednesday’s trading, the companies will collaborate on development of a range of semiconductor products related to tensor processing units, Google’s in-house AI chips, Marvell said in a

President Donald Trump said U.S. regulators are working to bring Hyperliquid, a popular offshore venue for perpetual futures, to the U.S. The price of Hyperliquid token jumped 22% after the remark. “I understand that Mike [Selig] is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion,” said Trump at a White House crypto meeting Wednesday, referring

A new behind-the-scenes exchange called Rothera is betting it can capture a significant share of prediction market trading without running its own consumer app.Prediction markets are dominated by Kalshi and Polymarket, which operate consumer-facing apps as well as exchanges that also handle ...

Nvidia has discussed an investment in Mercor, a data labeling provider that helps the chip designer develop its open-source AI models, according to a person with knowledge of the process. The investment would be part of a $20 billion-valuation round. Existing investor General Catalyst has been ...

OpenAI is preparing to roll out a system to analyze user interactions with its models for cybersecurity and other safety concerns without storing customer data, in a move that positions the company to potentially lure customers frustrated over how Anthropic has handled similar issues. OpenAI plans to launch the new system, dubbed Private Safety Processing, next month, executives said on

In the Anthropic-OpenAI horse race, the now-much-smaller OpenAI has been looking to slow down its ascendant rival. That includes undercutting Anthropic’s model prices, as we covered yesterday, and playing nice with federal officials that have gone to war with Anthropic.Another potential avenue ...

In early August, the White House hosted tech companies including OpenAI, Anthropic and Google to share details on its new AI framework, which would encourage labs to voluntarily share their most advanced new models with the government before releasing them to the public. But more than two weeks ...

Shares of Chinese humanoid robot maker Unitree Robotics soared on the debut on the Shanghai Stock Exchange on Wednesday, after raising 6.1 billion yuan ($905 million) in an initial public offering. The shares surged more than seven times its IPO price before closing 460% up, valuing the company at slightly more than $60 billion, underscoring Chinese investors’ euphoria in humanoids. Unitree

Pennsylvania Governor Josh Shapiro on Tuesday signed an executive order requiring data center developers to make legally binding commitments related to energy, environmental standards, and economic development before they can move forward with projects. The move is the latest example of political backlash to AI data centers that activists believe are causing electricity rates and pollution

Fast growth at AI startups like Mercor and Replit is also boosting the fortunes of startups that help them balance their books.Rillet, which makes AI-powered accounting software it sells to other companies, said Tuesday it has raised $100 million in a funding round led by returning investor ...

You might be shocked to learn there is a world outside AI! And we got a glimpse of it in an Oakland, Calif., courtroom today, at the opening of the trial in a lawsuit brought by California and several other states against Meta Platforms over the alleged harms its social media apps have done to ...

The U.S. Securities and Exchange Commission said on Tuesday it is proposing new rules for certain crypto assets for the first time, after a landmark crypto legislation, the Clarity Act, ran into delay in Congress. The proposal is focused on fundraising through crypto token offerings. It includes exemption from some registration requirements for offerings up to $5 million during a four-year

Following the playbook Palantir pioneered, OpenAI, Anthropic, Microsoft and Amazon are investing billions of dollars to hire so-called forward deployed engineers to get newfangled AI to work in enterprises.Then there’s Google, which says AI can automate some of what these FDEs do.While Google ...

Anthropic has been preparing to give CEO Dario Amodei and other co-founders a class of stock with extra voting power to help insulate them from outside shareholder pressure, two people familiar with the matter said. It would be the first time Anthropic’s leaders have extra voting power, which ...

Starting a new business requires founders to make important decisions and tackle complex processes in areas where they typically lack expertise, such as human resources and accounting. One of the most important early steps is filing for a trademark to protect your brand name, logo, and other ...

Lawyers for Meta Platforms and the states suing the tech giant delivered opening statements in the social media addiction trial that began Tuesday in Oakland, Calif. “Meta’s business model can be summed up with four simple parts: hook the users, hold them for as long as they can, harvest their data and then hide the truth from the public,” said Megan O’Neill, a deputy attorney general with the