Business — page 2
Uber rolls out OpenAI's ChatGPT Work agent to more than 30,000 employees
The company-wide rollout follows a 1,000-person pilot and makes GPT-6.1 Sol the default model, while Uber's engineers stay on Codex.
AI chip stocks tumble as Nasdaq posts its steepest drop since June
The Philadelphia Semiconductor Index fell 6.3% as Meta, Lam Research and CoreWeave earnings and debt worries renewed questions about AI spending.
SpaceX launches Grok partner network with more than 130 companies
Nvidia, Snowflake, Databricks, Apollo and Bain are among the launch partners helping enterprises deploy Grok and plug it into their existing tools.
Humain expands Nvidia deal with up to 84MW of AI compute in Saudi Arabia
The two-phase plan covers about 27,000 GPUs, moving from Blackwell B300 systems this quarter to Vera Rubin in 2027, with 50MW set aside for a US client.
Kevin Weil's Warp Sciences launches with $215M to speed up AI drug development
The former OpenAI product chief's startup came out of stealth at an $865M post-money valuation in a round led by Lightspeed.
Nokia's AI and cloud sales more than double as orders hit €1.5B
Sales to AI and cloud customers rose 126% to €631 million, and Nokia expects Optical and IP Networks to grow 25% to 30% in 2027.
DeepSeek nears $15B funding round with CATL and Tencent as top backers
The roughly 100 billion yuan raise doubles DeepSeek's original 50 billion yuan target and pulls in more than 15 investors.
Enact Intelligence raises $30M pre-seed to give robots a sense of touch
The Zurich startup, founded in March, has backing from Yann LeCun and Arthur Mensch and is targeting small-batch factory assembly work.
Nvidia lines up six suppliers to expand substrate, testing and optics capacity
IBIDEN and KYEC get capacity reservation advances, including $1.1B for new US testing sites, as Nvidia targets 2.5x more substrate capacity.
Meta narrows 2026 capex to $135B-$145B and plans nonvoting stock to fund AI
Q3 revenue rose 26% to $64.6 billion, but a $9.89 billion legal charge cut operating income 37% and capex outran operating cash flow.
Flapping Airplanes raises $1B at a $6B valuation to make AI training cheaper
Index Ventures and Lux Capital led the round for the year-old lab, which is rewriting low-level Nvidia GPU software to squeeze more out of each chip.
Coherence Neuro raises $45M from OpenAI fund and Founders Fund for brain tumor implants
The startup trains models on live tumor recordings to predict growth and plans its first chronic human trial in glioblastoma.
OpenAI expands ChatGPT ads to 89 countries as advertisers top 100,000
The 26-country rollout adds 14 more Latin American markets plus Nigeria, South Africa, Ukraine and Pakistan; ads stay limited to Free and Go plans.
Legora raises $550M at $8.8B valuation as legal AI ARR tops $200M
Atreides Management led the Series E, and in-house legal teams now make up more than 40% of Legora's new customers.
Blacksmith hits $1B valuation with $66M Sequoia-led Series C
The CI startup's valuation nearly doubled in two months as AI coding agents push weekly jobs on its platform past 90 million.
OpenAI brings its frontier models and Codex to Google Cloud
GPT-6 Astra, GPT-6.1 Sol and GPT-6 Luna enter private preview in Model Garden, with general availability planned in the coming weeks.
Anthropic draft IPO filing shows $16.3B first-half revenue, $80.7B net loss
Most of the loss is a $72B non-cash charge on financing instruments, while compute and infrastructure commitments now top $600B.
Pigment raises $250M at a $2.3B valuation to aim AI planning agents at ERP systems
The Paris company says annual recurring revenue has passed $100 million, and the EU-backed Scaleup Europe Fund led the round with Nvidia joining.
Supermicro lifts its Q1 revenue estimate to as much as $19.5B on AI platform demand
The preliminary update puts the quarter $4 billion above the top of the company's own August guidance, with gross margin running above plan too.
OpenAI acquires Orchestra Bio, folds its drug-development agents into Rosalind
The acquisition brings Orchestra's pharma-focused AI agents into OpenAI's life sciences suite, Rosalind.
Anthropic commits 5% of shares to a new public benefit fund
The fund can grow by another 2% for every 50% jump in Anthropic's valuation, with governance details still to come.
Epic Games goes 'AI-first' on unannounced Disney shooter, delays launch
Developers were told 'no more hand-written code' and that all art will be generated with full AI workflows, per a Bloomberg report.
AI labs are buying dead startups' data to train models
SimpleClosure's Asset Hub has brokered 150+ deals and expects to return over $10M to shuttered startups by end of 2026.
Nvidia extends Halos safety stack to robots as physical AI nears $10B run rate
Agility Robotics' Digit 5 and Boston Dynamics are early adopters; Nvidia says safety is the next bottleneck for humanoids and mobile robots.
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