Business — page 28
SpaceX Commits $55bn to Texas AI Chip Fab, With Spend Potentially Reaching $119bn
A Grimes County filing reveals SpaceX's TerraFab project, tied to Elon Musk's plan for 200 gigawatts of Earth compute and one terawatt in space.
SpaceX Commits Up to $119 Billion for Texas AI Chip Plant
Elon Musk's rocket company files for tax breaks on TerraFab, a Grimes County compute facility, while leasing its first Memphis data center to Anthropic.
Musk Lawsuit Discovery Exposes 78 Texts Between Altman and Murati During OpenAI Ouster
Court discovery in the Musk v. Altman case unseals text messages and a 52-page Sutskever memo from the November 2023 boardroom rupture.
Anthropic Chases $1 Trillion Valuation as Sovereign Funds and Big Tech Pile In
Sovereign wealth funds, Google and Amazon are reportedly anchoring a round that values Anthropic at $1 trillion ahead of a 2026 IPO.
Sony says AI is a 'powerful tool' for PlayStation games as PS5 sales fall 46%
Naughty Dog and Santa Monica Studio are using Sony's Mockingbird animation tool, which finishes work in a fraction of a second that once took hours.
Microsoft feared OpenAI would 'storm off to Amazon' before $1B bet, emails show
Court documents from the Musk v. Altman trial reveal Kevin Scott's January 2018 warning about OpenAI defecting to AWS — written a month before Microsoft committed.
Coinbase cuts 14% of staff and flattens its org chart around AI
Brian Armstrong is capping the company at five layers below the CEO and pushing managers to oversee 15 or more reports.
Cloudflare cuts more than 1,100 jobs in AI-native reset
The internet infrastructure company is consolidating go-to-market teams and redirecting investment to AI Workers, developer platform, and zero-trust security.
Snap's $400M Perplexity deal collapses as Q1 revenue hits $1.53B
Snap returned to user growth with 483M DAU but lost its biggest generative AI revenue partner before it ever paid out.
SoftBank cuts OpenAI margin loan target by 40% to $6 billion
The Japanese conglomerate scaled back its fundraising goal against its OpenAI stake, a notable retreat from a deal once pitched at $10 billion.
Murati deposition exposes the 78 texts behind Sam Altman's 2023 ouster
Trial exhibits in Musk v. Altman show the former OpenAI CTO helped trigger the firing, then spent 14 hours texting to reverse it.
Voi founders raise $16M from a16z for enterprise AI startup Pit
Pit, led by Voi CEO Fredrik Hjelm and ex-CEO Adam Jafer, is building custom back-office automation for industrial clients in Europe.
NVIDIA and DOE stake Genesis Mission on a 100,000-GPU Solstice supercomputer
Argonne's Solstice will hit 5,000 exaflops on Vera Rubin GPUs — five times the entire TOP500 list combined — to run AI for science.
Aurora moves from a handful of driverless trucks to hundreds in 2026
CEO Chris Urmson says the autonomy case cracks on long-haul freight before robotaxis, with commercial operations now a year old on the Dallas–Houston lane.
Moonshot AI raises $2B at $20B valuation as Kimi climbs OpenRouter charts
The Beijing lab's valuation has doubled to $20B in months as its Kimi K2.6 model becomes the second-most-used LLM on OpenRouter.
Musk tried to move OpenAI's founders into Tesla, 2018 emails show
Court testimony reveals Musk pitched Altman, Brockman and Sutskever on running AI inside Tesla — or making OpenAI a Tesla subsidiary.
ASML, Google Cloud and Applied Intuition CEOs warn AI is supply-limited for years
ASML's Christophe Fouquet says chips will be supply-constrained for two to five years as Google Cloud's backlog jumps from $250B to $460B in a quarter.
TSMC signs 30-year deal for all of Hai Long offshore wind output as AI chip demand strains Taiwan grid
The chipmaker is locking in 1 gigawatt of offshore wind as its share of Taiwan's electricity heads toward 25% by 2030.
Anthropic taps SpaceX's 220,000-GPU Colossus to lift Claude Code limits
Deal gives Anthropic 300 megawatts of new capacity from SpaceX's Memphis data center, enough to double Claude Code windows for Pro and Max users.
OpenAI's Compute Bill Hits $50 Billion as Brockman's Stake Reaches $30 Billion
Greg Brockman testified under oath that OpenAI will spend $50 billion on compute in 2026, up from $30 million in 2017.
Brockman Tells Court OpenAI Will Spend $50B on Compute in 2026
OpenAI president's sworn testimony reveals a compute bill that has ballooned from $30 million in 2017 to $50 billion this year.
OpenAI Opens Self-Serve Ads Platform With $2.5B Revenue Target
OpenAI's ads manager goes live for all US advertisers at $3 to $5 per click, with internal goals of $100 billion in ad revenue by 2030.
OpenAI Opens Self-Serve Ads Platform, Targets $100B by 2030
OpenAI scraps its $50,000 minimum spend and opens ads.openai.com to all US advertisers, chasing YouTube-scale revenue.
DeepSeek's first funding round could value the Chinese AI lab at $45B
Liang Wenfeng's previously self-funded lab is raising to give employees equity, with the China Integrated Circuit fund leading.
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