Nscale is negotiating to sell Anthropic about $45bn more in AI computing capacity, two months after the two companies agreed to a deal of the same size. Bloomberg reported the talks, citing people familiar with the matter. A deal could be signed within…
OpenAI is trying to speed up a funding round of about $30bn to secure investor commitments before Anthropic lists its shares in mid-November. The round could value the ChatGPT maker at more than $ 1.4 trillion. Reuters reported the plan on Monday, citi…
Micron workers in Taoyuan, Taiwan, are set to go on strike on Thursday, 22 October, after months of failed negotiations over how the US chipmaker shares its profits with employees. The union announced the planned walkout on Monday, Reuters reported. It…
Eric Schmidt, Google’s former CEO, owns about 1% of Anthropic, according to Bloomberg. If the AI company goes public at the valuations now being discussed, the stake could be worth billions of dollars. Schmidt invested tens of millions of dollars in An…
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Disney is bidding $20 million for Character.ai technology after hiring its engineers. The bankruptcy leaves 12 million users and the platform behind.
CoreWeave had a bad week last week. Its bonds slipped into distressed territory by a common definition – when investors demand 1,000 basis points more in yield than they’d get from government bonds. Last Tuesday Chamath “SPAC King” Palihapitiya noticed the distressed debt, and also asked whether the AI buildout was a private credit bubble. […]
Want to make your dumb robot smart? $3 an hour is all it costs. Or 75 cents, if you’re okay with a slightly less capable physical AI model.
Cognizant and Google Cloud have formed a Gemini Frontier Capability Group, with more than 18,000 Cognizant staff dedicated to building AI agents for clients on Google’s Gemini. It will focus on updating old systems, developer tools, business process au…