Business — page 29
SpaceX weighs $119B 'Terafab' chip plant in Texas to feed xAI and Tesla
A Grimes County filing pegs initial spend at $55B, with Intel and Tesla joining a fab targeting 1 terawatt of chip output per year.
Match Group slows hiring to fund company-wide AI rollout
CFO Steven Bailey says Tinder's parent will hold headcount flat to offset the cost of giving every employee access to AI tools.
Ethos raises $22.75M from a16z to rebuild expert networks with voice AI
The London startup is taking 30%+ per project and adding 35,000 experts a week as AI labs hunt for human knowledge to train on.
Match Group slows hiring to fund company-wide AI tools rollout
CFO Steven Bailey says lower headcount will offset the cost of giving every Tinder-parent employee access to AI tools.
Marc Lore says Wonder's AI will let anyone launch a restaurant in under a minute
Wonder Create generates a full restaurant brand from a prompt and pushes it live across 120 robotic kitchens, scaling to 400 next year.
Peter Sarlin's QuTwo hits $380M valuation on $29M angel round, no VCs
The Finnish AI lab from the ex-Silo AI CEO is betting on quantum-inspired compute and a 5-to-10-year horizon, funded entirely by angels.
Samsung crosses $1T valuation as AI memory demand drives 8x profit surge
Shares jumped more than 10% on Wednesday after talks with Apple over US chip manufacturing surfaced, making Samsung Asia's second trillion-dollar company.
Cerebras Targets $26.6B Valuation in IPO as OpenAI Emerges as Top Shareholder
The AI chip maker plans to raise about $3.5 billion, while a December loan converts into a multi-billion-dollar stake for OpenAI.
IBM Recasts Watson X as 'Agentic Control Plane' for Fortune 500 AI
At Think 2026, IBM repositions Watson X Orchestrate as a governance layer for agents from Anthropic, OpenAI and Google.
OpenAI phone targets early 2027 mass production on a custom MediaTek chip
Analyst Ming-Chi Kuo says OpenAI is fast-tracking a ChatGPT phone aimed at 30 million units across 2027–2028.
CopilotKit raises $27M Series A to put AI agents inside enterprise apps
Glilot Capital, NFX, and SignalFire back the open-source AG-UI protocol's commercial layer as Fortune 500 adoption climbs.
Etsy launches a native ChatGPT app after Instant Checkout flopped in March
The handmade marketplace returns to ChatGPT with a conversational app spanning over 100 million listings, two months after its first integration ended.
PayPal pitches AI turnaround with $1.5B in cuts and 4,500 layoffs
CEO Enrique Lores told investors PayPal is 'becoming a technology company again' as the stock sits 80% below its 2021 high.
Google DeepMind's London staff vote to unionize over Pentagon and Israel AI deals
98% of CWU members at DeepMind backed the bid; the unions want Google to drop military contracts and reinstate its weapons pledge.
Google DeepMind staff in London vote to unionize over Pentagon and Israel AI deals
98% of CWU members backed the bid, which could cover 1,000 London staff and force a fight over Google's military contracts.
Jensen Huang tells Milken crowd AI is 'creating an enormous number of jobs'
The Nvidia CEO pushed back on doomer rhetoric even as forecasts suggest 15% of US jobs could vanish to AI in the coming years.
Cerebras IPO targets $26.6B valuation with OpenAI holding warrants on 33M shares
The Wafer-Scale Engine 3 maker is pricing 28 million shares at $115 to $125, with banks already fielding $10 billion in orders.
Image models drive 6.5x more AI app downloads than chatbot upgrades
Appfigures data shows Nano Banana added 22M Gemini installs in 28 days; ChatGPT's 4o image model converted to $70M.
App Store Releases Nearly Double to 500,000 in Q1 as AI Coding Tools Reshape Output
App Figures data shows quarterly releases jumping from 250,000 in 2024 to roughly 474,000 in Q1 2026, with productivity tools eclipsing games.
OpenAI and Anthropic Pay Private Equity to Reach the Mid-Market Before IPO
OpenAI seeds a $10 billion joint venture with TPG, Bain and Brookfield while Anthropic strikes a $1.5 billion pact with Blackstone and Goldman Sachs.
Morgan Stanley Lifts 2026 Hyperscaler Capex Forecast to $805 Billion
The bank's analyst sees AI infrastructure spending potentially reaching $1.1 trillion by 2027, rivaling all non-tech S&P 500 capex combined.
Saudi-Backed Humane Launches Enterprise AI Operating System on AWS
Public Investment Fund vehicle Humane One debuts an agentic AI platform across 39 AWS regions, expanding the kingdom's sovereign AI push.
Anthropic and OpenAI launch parallel joint ventures to chase enterprise AI deals
Anthropic's $1.5B vehicle with Blackstone and Hellman & Friedman lands hours before OpenAI's $10B Development Company surfaces.
Sierra raises $950M at $15B+ valuation as Bret Taylor scales agentic customer service
Tiger Global and GV lead the round, giving Sierra over $1B in capital after ARR jumped from $100M in November to $150M in February.
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