Business — page 25
Amp and Sortera bet AI-powered sorting on 20% aluminum price spike
Rising aluminum prices and critical mineral status drive recycling startups to scale AI-powered metal recovery.
Google pitches AI agent ecosystem but keeps it paywalled
Information agents, Spark, Halo, and Daily Brief launched at I/O—all behind a $100/month Gemini Ultra subscription.
Meta lays off 8,000 employees to offset AI investments
The cuts amount to 10% of Meta's workforce as the company doubles 2025 capital spending.
AMD commits $10B to Taiwan's AI chip ecosystem as shares double
The investment targets advanced packaging and manufacturing for Helios, AMD's AI server system shipping in H2 2026.
Anthropic expects first profitable quarter with $10.9B in Q2 revenue
The AI startup told investors it will more than double quarterly revenue, though profitability may not last the year.
Nvidia claims Vera CPU opens $200B agentic AI market, sells $20B this year
Jensen Huang positions the new CPU as purpose-built for agents, not traditional cloud cores.
SpaceX commits $2.8B to gas turbines for xAI data centers as IPO filing reveals energy bet
The investment covers turbines through 2029 as xAI faces lawsuits over unpermitted generators at Colossus 2.
xAI burned $6.4B in 2025 as SpaceX IPO filing reveals widening losses
Musk's AI unit lost twice its revenue last year; capex hit a $30.8B annualized run rate in Q1 2026.
Anthropic will pay xAI $1.25B per month for compute through May 2029
The deal secures 300 megawatts from xAI's Colossus 1 data center in Memphis, potentially $40B in total revenue.
Nvidia posts $81.6B quarter, reveals $43B in private startup stakes
Data center revenue hit $75.2B, but next-quarter guidance projects a slowdown to 12% growth.
OpenAI targets September IPO, may file paperwork within weeks
Goldman Sachs and Morgan Stanley are prepping the offering as the Musk lawsuit clears.
IrisGo raises $2.8M seed to build a proactive AI desktop automation agent
Andrew Ng's AI Fund leads the round for a desktop companion that learns workflows once and automates them without prompts.
OpenAI targets September IPO with Goldman Sachs and Morgan Stanley
Sam Altman aims for a fall public offering just as SpaceX prepares its own blockbuster debut.
Google embeds AI-generated product descriptions inside Search ads
Gemini now writes custom ad copy for sponsored products, and AI Mode surfaces chatbot-driven ads inline with results.
Exa Labs raises $250M at $2.5B valuation as AI search startups surge
Andreessen-backed Exa joins Parallel Web Systems in the race to reinvent search as Google moves to AI-powered discovery.
Andrej Karpathy joins Anthropic to lead AI-accelerated pretraining research
The OpenAI co-founder will build a team using Claude to speed up the most compute-intensive phase of model development.
NextEra-Dominion merger creates utility giant to chase 130GW data center pipeline
The $67B deal positions the combined company to more than double generation capacity to 225GW by 2032.
NVIDIA's Jensen Huang says AI demand is 'utterly parabolic' at Dell event
Dell and NVIDIA unveiled Vera Rubin NVL72 systems with 10x lower cost-per-token for agentic AI, backed by 5,000 enterprises in production.
Anthropic acquires Stainless for over $300M, pulls SDK tool from OpenAI and Google
The deal removes a key infrastructure supplier from rivals' hands; Anthropic will wind down all hosted Stainless products.
NextEra to buy Dominion in $66.8B deal as AI power demand surges
The combination would create one of the largest US utilities at a moment when data center load is reshaping power markets.
LetinAR raises $18.5M to supply optical modules for AI glasses
The South Korean startup's PinTILT lenses ship in Aegis Rider's AR motorcycle helmet as global AI glasses shipments cross 8.7 million units.
Publicis to acquire LiveRamp for $2.2 billion in data-stack push
The French ad holding company adds LiveRamp's identity-resolution network to feed its AI-driven targeting platform.
Fast-food chains push AI past the drive-thru as customer resistance hardens
Wendy's hits 86% order accuracy without human help, but 55% of Americans still want a person at the speaker box.
Menlo Ventures partner: 10,000 AI insiders now sit on $20M+ as SF malaise spreads
Deedy Das pegs the AI wealth divide at its worst yet, with founders and staff at OpenAI, Anthropic, Nvidia, xAI and Meta on one side, everyone else on the other.
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