Bloomberg reported that Anthropic's annualized revenue run rate exceeded $65 billion at the end of July, up from $47 billion in May and $9 billion at the end of last year, with investors projecting $100–120 billion by th...
Nvidia announced a $1.5 billion investment in SB Energy, a SoftBank- and OpenAI-backed data center and power developer, securing its position as sole compute supplier for OpenAI's Ports-Pike facility near Cincinnati. Nvi...
SpaceX has officially closed its acquisition of AI coding startup Cursor, following an April deal that gave SpaceX a $60 billion purchase option and its earlier absorption of xAI. Cursor's announcement emphasized gaining...
Meta released Glimmer, an open-weight model users can download and run locally, while keeping its more capable Muse Spark model behind proprietary APIs. The release accompanied a 6,500-word letter from Mark Zuckerberg ar...
Meta's newly released Glimmer is an open-weight model available for local deployment, while the stronger Muse Spark remains API-only, a split the Equity hosts flag as an asterisk on Zuckerberg's "AI for everyone" manifes...
Nvidia announced that Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR are prepared to commit up to $500 billion toward AI data centers, with Nvidia guaranteeing up to 25% of any shortfall if GPUs pledge...
Cognition, the maker of the AI coding agent Devin, is reportedly in talks with investors for a new round at a valuation of at least $40 billion, up from $26 billion in May. The talks follow a reported jump toward a $1 bi...
At the Ai4 conference in Las Vegas, Geoffrey Hinton, Fei-Fei Li, and Andrew Ng each argued against letting a handful of labs gatekeep AI, while disagreeing on how open model weights should be. Hinton distinguished open-s...
Sundar Pichai announced that Google's standalone Gemini app has surpassed 1 billion monthly active users, making it Google's 14th product to reach that scale and putting it on par with ChatGPT. Google also cited 100 mill...
Brad Lightcap, who joined OpenAI in 2018 and served as CFO and then COO before moving to special projects, announced he is leaving the company to "start something new." His exit follows other senior departures, including...
