Business — page 17
OpenAI hires a product manager for families as ChatGPT ages up
The share of ChatGPT users 35 and older hit 31% in Q2, up from 26% a year earlier, and OpenAI wants a household product.
SK Hynix CEO warns 2027 will bring the worst memory shortage on record
The chipmaker says AI-driven demand for HBM and DRAM will outstrip supply beyond 2030, tightening a market already running hot.
Hugging Face's Delangue: half the Fortune 500 now runs on open source AI
The CEO argues frontier API costs push companies to open models as they scale, and warns a handful of firms could otherwise control everything.
SK Hynix raises $26.5B in largest-ever foreign IPO on US markets
The Nvidia HBM supplier priced above Seoul, opened 14% higher, and eclipsed Alibaba's 2014 record as Washington pushes for US fabs.
Sunrun to pay customers to host AI compute nodes in their homes
The solar company is piloting a distributed AI compute network across its 1.1 million customers, betting on backyard batteries instead of megasite data centers.
Microsoft's carbon emissions rose 25% in 2025 as AI data centers expanded
The company's 2026 sustainability report says emissions hit 34M metric tons and warns sustainability solutions can't keep pace with AI demand.
OpenAI says GPT-5.6 is the 'preferred model' for Microsoft 365 Copilot
The declaration lands days after reports that Microsoft was quietly swapping in its own MAI models to power Word and Excel.
Lyzr's AI agent ran its own $100M Series B fundraise
SivaClaw fielded 130+ investors and drafted memos while Lyzr closed a $500M valuation without leaving Jersey City.
Fidji Simo steps down as OpenAI's applications chief, citing chronic illness
Simo will move to a part-time advisor role after a three-month medical leave, leaving Sam Altman without his designated No. 2 ahead of a 2027 IPO.
Sequoia's David Cahn: AI industry needs $3T in revenue to justify 2026 buildout
Infrastructure spend hits $1.5T next year while Anthropic runs at $60B ARR and OpenAI at $20B — the payback math still doesn't close.
Musk vows not to 'cut off' Anthropic from SpaceX's $40B compute deal
Musk called Anthropic the current AI leader and pledged not to weaponize the 300 MW hosting contract, reversing a September 2025 dismissal.
OpenAI shuts down Atlas browser, folds features into ChatGPT and Chrome
The nine-month-old AI browser is dead; its agent capabilities move to a Chrome extension and a beefed-up ChatGPT desktop app.
Gradium closes $100M seed with Nvidia, opens Bay Area office
The Paris voice-AI startup, spun out of Kyutai, is pushing into Silicon Valley after landing Renault as an early customer.
Nvidia stock falls 15% as memory chips become the new AI bottleneck
GPU spot prices peaked in May near $3.20 an hour and have declined since, while DRAM prices climbed 10x over the past year.
SpaceX, Anthropic, and OpenAI exits to top 25 years of US venture returns
SpaceX went public at $1.77T; with Anthropic and OpenAI queued behind it, the trio will clear $4T in combined value.
Ollama raises $65M Series B as open-model runner hits 8.9M monthly developers
Theory Venture led the round for the Docker Desktop veterans; Ollama now sits inside 85% of the Fortune 500 with just 14 employees.
Meta commits C$13B to Alberta data center, its first in Canada
The build marks Meta's entry into Canadian AI infrastructure, with Alberta's cheap power and cool climate winning out over rival provinces.
Lovable in talks to raise $300M at $13.2B, doubling its December valuation
Menlo Ventures is expected to lead the round for the Swedish vibe-coding startup, which hit $500M ARR in June.
Prime Intellect raises $130M at $1B to build enterprise AI agents
Radical Ventures led the Series A as the startup hit a $100M revenue run rate helping companies train their own models instead of renting frontier labs.
AI startups are hitting revenue milestones in half the time
Mercor doubled from $1B to $2B in four months. Anthropic added $17B in run rate in under two. The pattern is now the story.
Ex-OpenAI product chief Kevin Weil joins Stoke Space board
The former OpenAI CPO takes a director seat at the $1.34B reusable-rocket startup, fueling speculation about a Sam Altman–SpaceX play.
SambaNova raises $1B at $11B valuation five months after Series E
General Atlantic leads the first close as the AI chip maker locks in JPMorgan Chase as an inference-infrastructure customer.
OpenAI chief futurist Joshua Achiam departs after nearly nine years
Achiam is the latest safety-focused leader to leave as OpenAI prepares to go public, following exits by Leike, Brundage, Adler, and Vallone.
AI data center demand pushes Rust Belt factory power bills up 70%
PJM capacity prices jumped from $28.92 to $329.17 per megawatt-day as steelmakers and brick factories absorb tens of millions in extra costs.
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