Business — page 3
Intel to keep working on Musk's Terafab chipmaking venture
Bloomberg reports Intel will continue collaborating on Terafab, a chipmaking venture tied to Elon Musk.
HPE argues enterprises should own AI capacity as production workloads scale
Deloitte data shows the share of firms with 40% of AI projects in production is set to double within six months, changing the cost math.
China weighs letting ByteDance and Alibaba buy new Nvidia chips
A policy reversal would reopen one of Nvidia's largest export markets after months of Beijing steering domestic buyers toward local silicon.
Blue Cross Blue Shield says AI hospital coding added $942M in costs
A BCBSA analysis blames AI-assisted claims tools for a two-year spending surge, with no matching change in care delivered.
Cloudflare's Matthew Prince: bots passed human web traffic in May 2026
The CEO says automated traffic could hit 1,000x human traffic within five years — and advertising can't fund it.
Tesla workers resist training Optimus robots built to replace them
Tesla aims for 1,000 Optimus units per week by end of 2026, but worker pushback and 100-plus-part hands are slowing the ramp.
Anthropic founders seek 50.1% voting control ahead of IPO
Dario Amodei and six co-founders want super-voting shares to keep control after Anthropic goes public at a valuation approaching $1.5 trillion.
Microsoft unifies Copilot into a three-tab 'super app' to rival Office's legacy
The redesigned Copilot merges chat, coding, and a rebranded Autopilot agent, with usage-based billing for the agentic pieces.
Akamai signs $11.6B cloud deal with Anthropic, grants warrant for up to 5% stake
The multi-year contract pairs Akamai's edge network with Claude workloads and hands Anthropic equity upside tied to spend.
Instinct, the iMessage AI agent, in talks to raise $1B at $10B valuation
The invite-only agent connects to email, calendar, and WhatsApp — and is drawing users despite retaining inbox copies after disconnect.
ElevenLabs hits $600M ARR at reported $22B valuation, eyes 2028 IPO
CEO Mati Staniszewski says enterprise is 55% of revenue, margins can compress further, and callers should be told when they're speaking to an agent.
Oracle sends force majeure notice on $18B New Mexico Stargate data center
The notice lets Oracle delay payments if Project Jupiter misses its 2028 online date; the stock fell 3%.
Ando raises $20M to build a Slack rival where AI agents are coworkers
Sara Du's stealth startup exits with an agent-native messaging app backed by Accel, Index Ventures, and Emergence.
DeepSeek's annualised revenue run rate hits $1 billion
The Chinese AI lab that shocked US markets in January has quietly built a real revenue business alongside its open-weight model releases.
Enveda raises $311M Series E at $2B valuation for AI drug discovery
The biotech doubled its valuation in 12 months as AI-discovered drug candidates move deeper into human clinical trials.
Ema raises $77M to push AI agents into enterprise software's turf
The Series B quadruples Ema's valuation and funds a push against SaaS and IT services incumbents across HR, IT, and finance.
OpenAI hires Patreon co-founder Sam Yam to lead Creator Product
Yam is bringing Patreon's former product and engineering heads with him, days before OpenAI's September 29 DevDay.
Nvidia lines up Southeast Asian governments and enterprises on Nemotron models
At AI Day Singapore, HTX, Viettel, YTL and Sea Limited detail production deployments built on Nvidia's open Nemotron stack.
Meta concedes its Muse assistant was heavily inspired by OpenClaw
Nat Friedman says Muse was built from scratch but modeled on the open-source agent OpenClaw, after users spotted near-identical config files.
Snorkel AI triples to $3.5B valuation on $350M Series E as data demand surges
Revenue run-rate hit $375M, an 18x jump in 12 months, as AI labs pay up for training data and RL environments.
Nscale files for $35B IPO with 85% of revenue tied to Microsoft and Anthropic
The British neocloud has $103B in contracts but two customers account for nearly all of it — and Anthropic can walk.
Data center opposition goes post-partisan as $68B in projects stall
A Data & Society field study finds Pennsylvania residents resisting AI infrastructure across ideological lines, driven by power bills and property values.
Meta's Muse outpaces ChatGPT's early mobile launch, Apptopia data shows
Muse hit 1.8M iOS downloads in its first 12 days versus 1.3M for ChatGPT, with nearly triple the daily active users.
Google prices the Gemini-powered Googlebook at $899, ships October 4
The Chromebook successor bakes Gemini into the cursor and targets 50 million school Chromebooks for eventual conversion.
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