SpaceXAI announced it had released an AI agents product called “Grok Bot” on Tuesday. The product was jointly developed by SpaceXAI and Cursor as a part of their larger partnership for AI development, according to people familiar with the project. The agents can sign into work accounts and perform simple tasks, from sending emails to organizing spreadsheets or performing engineering tasks.

One of the most interesting deals of the year had nothing to do with GPUs or tokens. This spring, Architect Capital bought a 16% stake in the adult content platform OnlyFans, at a valuation just north of $3 billion. The founder of Architect Capital has been mum about the deal—one that most other ...

Brad Lightcap, who most recently led OpenAI’s special projects division and formerly was its chief operating officer, told staff on Tuesday that he is leaving the company, according to a copy of the memo viewed by The Information and a post from Lightcap on X. “Over the last few months, I’ve been focused on the next horizon and what would stand in the way of mission success,” Lightcap wrote

As closed-source models have gotten more expensive, businesses have found workarounds by customizing open-source AI for their specific needs. Some are also trying to improve the software they use that allows models to use tools and take actions, otherwise known as a harness.Now, startups that ...

AI startup Manus said on Tuesday that it will “soon return to operating as an independent company,” implying it is close to finalizing the reversal of its acquisition by Meta Platforms. The Chinese government in April ordered the deal be unwound. In a blog post , Manus said some users need to back up their data generated on and after Dec 29 by Aug 23, as part of regulatory compliance. “Data

Anton Levy, the former co-president and chair of the global technology group at General Atlantic, has raised more than $1.1 billion for his inaugural fund, a sign that he has been able to compete with some of the biggest names in venture and growth equity during a challenging environment for first-time fund managers. The fundraise was Layer Global’s first close, indicating the size of the fund

Nvidia is doubling down on its open-source efforts, pouring investment into an ambitious new in-house AI model that it hopes will drive demand for its hardware—but that could also compete with customers and partners. Nvidia is aiming for the new model, the biggest of a family that it is calling ...

Meta Platforms said it plans to release an open-weight version of its most advanced Muse Spark 1.2 model soon. The Facebook owner also announced a new small-size open-source model called Muse Glimmer that can run on personal computers. Meta’s move could provide customers with alternatives to popular open-source models from China, especially appealing to certain U.S. customers that prefer U.S.

Caitlin Kalinowski, who previously led OpenAI’s robotics effort, has joined Anthropic as a member of technical staff working on research, according to her LinkedIn. Kalinowski’s move is the latest sign of Anthropic’s interest in robotics. Anthropic last month released new research on using Claude to control robots. Anthropic’s robotics division is headed up by Jan Leike, who previously led

If at first people don’t pay attention to what you say, say it again. That appears to be Meta Platforms CEO Mark Zuckerberg’s philosophy. About two weeks after publishing a roughly 1,000-word opinion piece in The Wall Street Journal headlined “The AI Future Is for Everyone,” Zuckerberg published ...

Anthropic, Australia’s Macquarie Asset Management and the Singaporean sovereign wealth fund GIC said Monday they were launching a new entity to develop, operate and lease AI data centers for Anthropic to meet demand for its Claude models. The group will initially focus on U.S. data centers but the parties will identify new sites as the project develops, the companies said. Funds managed by

OpenAI bought about $7 billion in shares from employees in a recently closed tender, according to a person familiar with the deal. The buyback happened at the $852 billion post-money valuation reached in a March funding round. OpenAI used some of the $122 billion in funding from the round for the buyback. OpenAI employees had previously sold over $9 billion in shares across at least eight

A group of private equity giants has signed a preliminary agreement with Nvidia to raise $500 billion to help finance AI infrastructure, Nvidia said on Monday. The firms are Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR. The partnerships haven’t yet been finalized, per an Nvidia press release. It’s not known how the $500 billion might be split among the lenders or others,

Applied Compute, a year-old startup that helps companies run and customize open-source models with their own data, is discussing a new funding round that would value it at around $3 billion, more than double its valuation from a round announced four months ago, according to a person with ...

Enterprise software firm Monday.com reported a 22% lift in second quarter revenue, but projected a slowdown in third quarter revenue growth to between 16% and 17%, partly because of the impact of a big layoff it undertook last month. Monday shares fell 9%. At the same time, Monday.com said it expected its net retention rate—a measure of whether existing customers are increasing their

Even before Stripe entered talks to buy startup OpenRouter for $10 billion, several tech companies were exploring or developing router technology, which helps customers use the most cost-effective AI models. And Stripe’s talks with OpenRouter, which my colleagues last week reported have entered ...

Intel is raising $15 billion in a public offering of its stock, taking advantage of the enormous improvement in investor sentiment it has enjoyed in the past year to raise money. Intel stock is up 175% over the past 12 months. Intel shares were trading down 4% in pre-market trading. The iconic chip maker, which has lost its strong market position over the past few years to rivals such as TSMC

Meta Platforms CEO Mark Zuckerberg called for changes to U.S. policy to reduce the “friction” that American AI labs have to deal with in developing open-source models, compared to foreign counterparts, as a way of ensuring the U.S. leads in open-source AI. At the same time, Meta unveiled its latest AI model, Muse Glimmer, which it making available on an open source basis. “Foreign labs

Microsoft is planning to significantly increase production of its internally designed next-generation AI chips next year in hopes of persuading big cloud customers like Anthropic to use them, according to two people with direct knowledge of the plans. That’s despite slow uptake of the current ...

Sony Group and Taiwan Semiconductor Manufacturing Co. are planning to invest about 1 trillion yen ($6.3 billion) in a joint venture that will start mass producing next-generation image sensors in Japan as early as 2029, the Nikkei newspaper reported. The new joint venture, expected to be established by March 2027, plans to supply high-performance camera sensors for Apple’s iPhones, according