Nvidia sells the chips that the AI industry runs on. It now also owns $99bn of the industry. The figure sits in the company’s own quarterly filing. CNBC’s Kai Nicol-Schwarz pulled it out. Nvidia equity investments stood at $99bn as of 26 July. A year e…
Mira Murati’s Thinking Machines Lab is raising money again. The figure that travelled around the internet last week was the wrong one. The Information broke the story on 3 September. Its current version puts the raise at $5bn to $6bn, on a pre-money va…
Oura filed to go public on Nasdaq on 3 September, and the coverage split within hours. Reuters reported that the smart ring maker had recently turned profitable. The Wall Street Journal told its readers the same. Bloomberg’s Subrat Patnaik led on a los…
Uber has put $100m into a company that just hired Anthony Levandowski. His theft of Google’s self-driving secrets cost Uber a fortune, and it helped end Travis Kalanick’s time as chief executive. The company is Atoms, Kalanick’s new venture. Rafe Rosne…
Tesla shares fell around 6% after a Cybercab update that landed badly and after NHTSA opened an investigation into how the company certified a vehicle with no steering wheel, pedals or mirrors. Amazon’s Zoox petitioned for an exemption and was approved…
Mark Zuckerberg raised concerns about a proposed national AI regulator in a previously unreported call with Donald Trump in mid-August, Politico reports. The two options still on the table are a FINRA-style body funded by the firms it would oversee and…
The Federal Trade Commission and 22 states sued Amazon in Seattle on 31 August, alleging it inflated auction prices for Sponsored Products, Sponsored Brands and Sponsored Display, and generated more than $20bn in additional advertising costs since 2019…
YouTube has terminated 20 channels in a network that paid gig-economy actors $26 a video to read AI-generated scripts attacking Democratic politicians. The network reached 45 million views because putting a real face in front of an AI pipeline defeats …
A German chemicals company is considering closing the American plant that Washington’s new polysilicon tariffs were supposed to protect. Wacker Chemie has lost its last two customers for the material since the measures were announced and is weighing th…
South Korea negotiated tariff protection for its chipmakers, and Washington is pressing for American factories anyway. Semiconductor investment is now part of the broader talks between the two governments, a presidential official in Seoul has confirmed…