Business — page 25
Spin founder raises $5M to build space data centers at Orbital
Euwyn Poon's new company plans 10,000 satellites delivering a gigawatt of inference compute — once Starship is flying commercially.
Wipro's HR AI agent cuts response time from 48 hours to 5 seconds
Agentic AI adoption is set to surge 300% in two years, with 30-50% productivity gains in customer service, HR, and sales.
Databricks in talks to raise at over $165B valuation
The data and AI platform is sounding out investors at a mark that would extend one of the steepest private valuation climbs in enterprise software.
Perplexity targets 2028 IPO regardless of Anthropic, OpenAI listings
CEO Aravind Srinivas tells CNBC the AI search startup will go public in 2028 even as Anthropic and OpenAI race to list first.
Mercor's Brendan Foody accuses Sequoia of dual-pricing valuation games
The Mercor co-founder says he's counted six rounds in six months where Sequoia split investments into two tranches at very different prices.
Sam Altman's Tools for Humanity cuts staff as OpenAI files for IPO
The eye-scanning World project raised at a $2.5B valuation but is downsizing as revenue lags and regulators push back.
Apple waives AI cloud fees for developers under 2M downloads
Foundation Models in Private Cloud Compute go free for indies, and the framework now accepts image input and third-party server models.
UK commits $1.47B to AI supercomputer and homegrown chip buyers
Britain will spend $1B on a national AI supercomputer and steer $200M in inference-chip orders to UK startups like Olix and Fractile.
Microsoft AI's Suleyman pursues superintelligence, loosens grip on OpenAI
Microsoft AI chief Mustafa Suleyman is training frontier models in-house, citing the risk of permanent IP dependence on OpenAI.
UK doubles down on sovereign AI as Nvidia partners scale Isambard deployments
Twelve months after the 'AI maker, not AI taker' pledge, the UK has 5,400 GH200 superchips running and a £2B Nvidia startup bet behind it.
Nvidia and LG Group build AI factory for robotics, mobility and data centers
The Korean conglomerate is aligning robotics, autonomous driving and sovereign AI work across NVIDIA's full stack, from Isaac GR00T to DSX.
Nvidia and Doosan expand pact across robotics, power and AI factory materials
The Korean conglomerate plugs four business units into Nvidia's physical AI stack, from Jetson Thor robots to gas turbines feeding DSX data centers.
GitHub Copilot's per-token pricing shift signals end of subsidized AI era
Microsoft's move to charge per token instead of a flat rate exposes the gap between AI's true cost and what customers will pay.
OpenAI plans ChatGPT super app revamp, declares 'Chat is dead'
The company is folding Codex and agents into ChatGPT to push free users toward paid products ahead of an IPO.
Nvidia takes RTX Spark to Korea's PC bangs with KRAFTON, NC and T1
Jensen Huang demoed the new superchip alongside Faker and KRAFTON's chairman, pitching 1440p at 100+ fps on slim laptops.
Trump administration in talks to take equity stake in OpenAI
The White House is discussing a government equity position in AI companies, with proceeds potentially seeding OpenAI's proposed Public Wealth Fund.
Shelbyville mayor calls data center opponents' homes 'shitty' on camera
Scott Furgeson dismissed yard-sign protests against a $2 billion build as coming from rentals; residents pushed back on local TV.
S&P 500 refuses to bend rules for SpaceX, blocking OpenAI and Anthropic too
S&P Dow Jones Indices kept its profitability and seasoning rules intact, denying $14B in passive buying to SpaceX and shutting the door on AI IPOs.
Google to pay SpaceX $920M a month to rent xAI compute capacity
The 32-month deal covers 110,000 Nvidia GPUs and lands one week before SpaceX's $1.75 trillion IPO on the Nasdaq.
New York passes one-year data center moratorium, awaits Hochul signature
The bill would be the first statewide ban of its kind, freezing projects above 20 megawatts while the state studies AI infrastructure impacts.
Enterprises blow past 2026 AI token budgets by 3x, scramble for controls
Uber burned its full-year AI coding budget by April. One company racked up a $500M Claude bill. The FinOps reckoning has arrived.
About 90 investors hold stakes in both OpenAI and Anthropic
Sequoia, Greylock, Founders Fund and dozens more are backing both AI labs as valuations approach $1 trillion each.
Huang says robotics is South Korea's next big sector
Nvidia's CEO frames Korea's industrial base as the launchpad for physical AI, hinting at unannounced partnerships in Seoul.
Jensen Huang lands in Seoul to lock in Korea's AI supply chain
Nvidia's CEO arrives in South Korea after GTC Taipei with Grace Blackwell shipping and Vera Rubin in full production.
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