Business — page 14
Meta AI arrives in Threads DMs as Meta walls off users from ChatGPT
The chatbot is now available privately inside Threads direct messages, extending Meta AI's reach across Facebook, Instagram, and WhatsApp.
Safe Superintelligence lands Nvidia deal for order-of-magnitude compute boost
Ilya Sutskever's stealth lab gets Vera Rubin access and multi-billion Nvidia investment on top of a $32B valuation.
Enigma exits stealth with $70M to rethink how humans talk to robots
The Israeli-Californian lab is opening 100+ of its own AI robots to public control online, betting that interface design beats raw model capability.
Naver jumps 10% after Nvidia unveils $1 billion investment plan
The Korean internet group's shares surged in Seoul after Nvidia disclosed plans to put $1 billion into the company's AI buildout.
CXMT jumps 470% on Shanghai debut after $8.6B IPO
China's largest DRAM maker holds 7.67% of the global memory market and now trades at a 3.3 trillion yuan valuation.
3 gigawatts of data centers dropped off the PJM grid in 30 seconds
A single downed power line near DC triggered a cascade that took 11 minutes to stabilize, twice the scale of a 2024 event.
South Korea's Lee hosts US tech CEOs, pitches Seoul as AI hub
President Lee Jae-myung's summit with American tech leaders lands as Seoul races to anchor a domestic AI stack against US and Chinese competition.
Prentis, the Hoffman-Pincus AI lab, seeks $100M at $1B valuation
The three-month-old computer-use startup claims a Hive-32B model that beats GPT-5.4 and Claude Opus 4.6 on two agent benchmarks.
Cognition acquires Poke to give Devin a personality
The low-nine-figure deal folds a texting-native AI assistant with 100M messages in three months into Cognition's coding agent.
Midjourney acquires Co-Star, the astrology app with 4.3M monthly users
The AI image lab picks up a consumer-app team of 24 as it expands beyond Discord into medical, wellness, and now horoscopes.
Nvidia and KAIST open first joint AI lab between Korea and a global tech firm
The Seoul lab focuses on agentic AI and pairs Nemotron models with NVIDIA AI Cloud compute, as SK deepens memory ties with Nvidia.
Google's Gemini hits 950M monthly users, closing on ChatGPT
Gemini tripled its user base in a year, and Sensor Tower says ChatGPT's assistant market share has dropped below 50% for the first time.
Etched raises $300M Series C at $10.3B, doubling valuation in seven months
Sequoia led the round; the AI inference chip startup says it has booked $1B in orders and is running silicon in its lab.
IBM mainframe revenue drops 42% as customers divert budgets to AI hardware
IBM's stock fell 25% in its biggest single-day decline ever after AI-driven price hikes on data center gear pulled cash away from mainframe upgrades.
Google Cloud revenue jumps 82% to $24.8B, validating AI spend
Alphabet's cloud backlog hit $514B and profit tripled to $112.1B, giving Sundar Pichai cover for $190B in annual capex.
Monday.com cuts 630 jobs, 20% of staff, in pivot to AI Work Platform
The Israeli software maker expects $45M–$55M in restructuring charges as it concentrates spending on AI agents and no-code tooling.
Travis Kalanick's Atoms raises $1.7B from a16z to build AI robotics
Andreessen Horowitz leads a $1.7B round for the ex-Uber CEO's robotics play, with Uber itself joining nine years after pushing him out.
Amazon cuts jobs in AGI unit as it pours $200B into AI buildout
The Nova model group loses staff even as Amazon's 2026 capex jumps more than 50% and the company raises at least $25B in debt.
AMD commits up to $5 billion to Anthropic in 2-gigawatt chip deal
Anthropic will deploy 2 gigawatts of AMD Instinct MI450 GPUs starting in 2027, adding a second major silicon supplier alongside Nvidia.
Google commits $40M in AI credits to DOE's Genesis Mission
Google DeepMind opens AlphaFold 3, AlphaEvolve, and Gemini for Government to all 17 US National Laboratories under the White House initiative.
NextEra, Duke, and 200 utilities sign Trump's AI electricity pledge
Signatories now cover 80% of US power delivery, but the voluntary pledge carries no penalties and states set the rates.
Samsung in talks to back Mistral at €20 billion valuation
The French AI lab would more than triple its valuation from its last round, giving Samsung a strategic foothold in European frontier models.
Synthesia launches Roleplay Sessions to score employees on AI conversations
The British startup is moving beyond training videos into interactive practice, betting enterprises will pay for measurable behavior change.
Anthropic held acquisition talks with Physical Intelligence, complicating OpenAI's robotics push
The $11B robotics startup denied a weekend rumor, but spring talks were real — and OpenAI is already on the cap table.
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