Business — page 18
Snap spins off generative AI video team into new company, Dotmo
CTO Bobby Murphy leads the new venture as an outside investor while Snap takes equity and licenses its tech for interactive gaming.
Baseten nears $1.5B round at $13B valuation, up 160% in five months
The AI inference startup is closing a split-priced round five months after a $300M Series E, riding the inference gold rush.
OpenAI adds spend controls and usage analytics to ChatGPT Enterprise
Admins get finer-grained visibility into who is using ChatGPT Enterprise, how often, and at what cost — a response to budget creep at scale.
AWS opens talks to sell Trainium chips to outside buyers, targeting Nvidia
Amazon's AI chip business is on a $50B run rate. Selling to third parties would put it in direct contact with Nvidia's $326B engine.
FERC clears faster grid hookups for AI data centers, with 60-day study path
New large-load interconnection rules let AI factories fund their own upgrades and qualify for accelerated reviews if they offer flexible load.
FERC orders grid operators to fast-track AI data center connections
Six major grid operators have 30 days to report spare capacity and 60 days to defend rates as data center demand is set to nearly triple by 2035.
General Intuition in talks for $300M round at $2B valuation
The Medal spinout building world models to train AI agents has drawn checks from Jeff Bezos and Eric Schmidt eight months after its seed.
Nvidia turns Cannes Lions into a pitch for AI-run advertising
Alembic, AWS, Criteo, Higgsfield, KERV.ai and Taboola show off Blackwell-powered adtech stacks built around autonomous agents.
Intel jumps 9% after Trump announces Apple chip design deal
The president said on Truth Social that Apple will design and build chips with Intel in the U.S., extending a run that has lifted Intel 464% in 12 months.
JPMorgan blocks Anthropic AI access for Hong Kong staff
The bank is carving its Hong Kong workforce out of Anthropic deployments, citing data and jurisdictional concerns.
France's AI buildout goes live: Mistral data center hits 18,000 GB200s
Mistral's 44MW Bruyères-le-Châtel site is operational, anchoring a 200MW European compute roadmap by 2027 and a planned 1.4GW Campus AI hub.
IO-AI Tech turns Shenzhen workers into humanoid robot pilots
The startup pays operators to wear VR rigs and steer factory humanoids, harvesting the teleoperation data needed to make the bots autonomous.
NEA's Tiffany Luck: enterprises still can't pin down AI ROI
Uber blew its annual AI budget in months, Meta killed an internal leaderboard, and CFOs are asking what tokenmaxxing actually bought.
Snap stock slides 5% after $2,200 Specs AR glasses unveiling
Shares fell from $5.86 to $4.83 after Snap priced its decade-in-the-making AR glasses at nearly $2,200 — well outside its teen demographic's budget.
Anthropic joins Frontier as first AI startup in $1.8B carbon removal pact
Anthropic's pledge helps double Frontier's funding to $1.8B and marks the lab's first climate-related deal amid an AI energy buying spree.
Odyssey hits $1.45B valuation as Amazon, AMD bet on world models
The world model startup raised $310M in a Series B led by Natural Capital and will move workloads onto AWS Trainium chips.
Pramaana Labs raises $27M to bolt formal verification onto LLMs
Khosla-led seed funds a startup using the LEAN proof language to make AI reliable enough for tax law, drug discovery, and cybersecurity.
XDOF raises $70M to supply frontier labs with robot training data
The Berkeley-bred startup is selling teleoperation, simulation, and annotation pipelines to 20 customers including frontier AI labs chasing physical AI.
DeepL acquires Mixhalo to push translation into live events
The German translation company buys the $39M-backed real-time audio startup and opens a Bay Area office to chase conferences and concerts.
CPP Investments commits $741M to CtrlS for India AI data center buildout
Canada's largest pension fund takes an 8.2% stake in CtrlS and joins a hyperscale joint venture as India's AI infrastructure race accelerates.
Pinterest launches Ask Pinterest, a standalone AI shopping app
The conversational app taps Pinterest's Taste Graph to test agentic shopping without disrupting the main app — and lands days before Cannes Lions.
Anthropic overtakes OpenAI in business AI spending despite White House clash
Ramp data shows Anthropic at 41% of business AI subscriptions in May, even as the Trump administration forced it to pull Mythos 5 and Fable 5.
Coherent breaks ground on Texas indium phosphide fab for NVIDIA AI optics
A $50M CHIPS Act grant and $2B NVIDIA investment back the world's first 6-inch InP line, targeting 550 direct jobs in Sherman.
Anthropic pauses token-based billing change for Claude Agent SDK
A pricing shift set to take effect June 15 is on hold, sparing power users API-rate charges — at least for now.
Stay ahead of everyone in AI.
The tightly edited AI news email engineers, founders, and investors actually open. One email. Every weekday. Five minutes to finish.
The briefing read inside teams at