Business — page 23
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.
HPE and Nvidia expand AI Factory with Vera CPU and Agent Toolkit
The joint platform adds Nvidia's first agent-tuned CPU, a new agent toolkit for Private Cloud AI, and confidential computing across the stack.
Plaud crosses $100M ARR after shipping 2M AI notetakers
The screenless AI recorder maker says nearly half of device buyers upgrade to paid plans, a rare hardware-to-software conversion story.
Sensi.ai's always-on microphones spread to 80% of North American home care networks
The $100M-funded startup records seniors' coughs, falls, and conversations — and sells agencies 88% client growth as the real pitch.
Probably raises $9M from a16z to push LLM accuracy to 99.99%
Founder Peter Elias says tighter harness engineering lets Probably run on models four classes weaker than the frontier, cutting token costs.
SpaceX to acquire Cursor for $60B in stock, days after record IPO
The all-stock deal closes a path Musk laid out in April, when SpaceX agreed to buy Cursor or pay a $10B break-up fee.
Tokenomics arrives: how 8x8 and Baseball Lifestyle 101 are managing Claude bills
Royal Bank of Canada's token usage jumped 500% in six months as CFOs grapple with a new line item that didn't exist two years ago.
Emerald AI's Conductor pitches flexible data centers as the grid bottleneck answer
A Duke study says US grids can absorb 76 GW more — about 5% of total capacity — if data centers flex just 0.25% of the year.
Respond.io raises $62.5M Series B as messaging AI hits $35M ARR
The Malaysia-based conversational platform grew 169% year-over-year and is hunting acquisitions in North America and Europe.
Nvidia raises $25B in first bond sale since 2021 as AI debt market swells
Orders topped $85B for the seven-part offering, letting Nvidia tighten pricing and triple its outstanding debt to about $30B.
Anthropic shutdown of Fable 5 and Mythos 5 fuels sovereign AI push abroad
After the White House forced Anthropic to cut foreign access to its top models on June 13, the UK, France, and Canada are using it to argue for homegrown AI.
Salesforce buys AI customer service platform Fin for $3.6B
The deal feeds Fin's Apex model and Operator agent into Agentforce as Salesforce shares slide more than a third in 2026.
Sarvam hits $1.5B valuation with $234M round led by HCLTech
India's newest AI unicorn lands a strategic check from HCLTech as sovereign-AI pressure intensifies across markets.
AT&S commits up to €2B to Malaysia plant to ride AI chip demand
The Austrian substrate maker bets on Southeast Asia capacity to serve AI accelerator customers chasing Nvidia-class packaging.
Anthropic's Fable 5 suspension reignites India's sovereign AI debate
India is OpenAI and Anthropic's second-largest market — and a U.S. directive just cut off access to the newest models for foreign nationals.
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