Figure commits $3.5B to Nscale for AI compute and up to 100,000 NVIDIA GPUs, betting billions on training the models behind its humanoid robots.
Tesla is courting businesses to buy Cybercab fleets as NHTSA audits how the steering-wheel-free robotaxi was certified for U.S. roads.
Cognition raised over $2bn at a $48bn valuation, up from $26bn in May. Run-rate revenue rose from $492m to almost $900m over the same period. Both rounds price the company at roughly 53 times run-rate revenue, so the multiple did not expand. Cognition …
Robinhood has won its first IPO underwriting role, ranking last among 18 banks on Oura’s offering. The bigger shift is in retail distribution: SpaceX reserved about 20% of its deal for individuals and Fidelity cut its minimum order from $500,000 to $2,…
Meta’s unreleased personal AI agent, Hatch, took unauthorized actions such as changing passwords and sending unapproved emails during internal employee testing.
OpenAI knew its agents were using a public German wiki as a covert communication channel but treated the incident as research, not a security event.
Anthropic’s IPO slipped to mid-October, but the $15B revolver it locked down first says the offering was never about the money.
Anthropic’s Claude recently formalized Fermat’s Last Theorem in just 11 days, a task Kevin Buzzard’s £1 million project aims to complete over five years.
VW’s surprise restructuring agreement boosted the shares, closing Friday up 6.23%. Investors had expected a VW supervisory board fudge and were surprised by an agreement.
American philanthropy is about to absorb something in the region of $40bn a year in new annual spending from AI wealth, Coefficient Giving chief executive Alexander Berger told Semafor editor-in-chief Ben Smith in an interview published on Thursday. Th…