Business — page 30
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.
OpenAI signs Malta deal to give every resident free ChatGPT Plus access
Malta becomes the first country to roll out ChatGPT Plus nationwide, as OpenAI courts sovereign customers in Europe.
OpenAI explores legal action against Apple over ChatGPT integration
Insiders say OpenAI expected billions in subscriptions from the Siri tie-up; instead, the deal is straining and renegotiation has stalled.
OpenAI reorganizes under Greg Brockman with four product pillars to chase agents
Brockman officially takes product as OpenAI merges ChatGPT and Codex into a single agentic platform ahead of a potential IPO.
Lake Tahoe loses its power supplier to Nevada's AI data center boom
Liberty Utilities' contract with NV Energy expires May 2027, and data center load requests dwarf the resort region's needs by 40x.
Greg Brockman takes over OpenAI products as ChatGPT and Codex merge
OpenAI is folding ChatGPT, Codex, and its API into one product team ahead of a planned IPO filing later this year.
Pennsylvania residents organize against 60 proposed data centers at virtual town hall
A two-hour online forum drew 225 attendees and aimed criticism at Gov. Josh Shapiro as a Quinnipiac poll finds 68% oppose local AI data centers.
Runway bets video generation is the path to world models at $5.3B valuation
The New York startup added $40M in ARR in Q2 2026 and is pivoting from filmmaker tools to world models that compete with Google's Genie.
China's short drama studios shift to AI, pumping out 470 new shows a day
FlexTV halted traditional shoots, Kunlun Tech lists 1,000 AI titles, and production costs fall up to 90% as generative video reshapes a $6.9B industry.
NV Energy to cut power to Lake Tahoe by May 2027 as Nevada data centers absorb capacity
Liberty Utilities must replace 75% of its supply for 49,000 California residents while Nevada plans for 5,900 megawatts of new data center demand.
Microsoft cancels Claude Code licenses, pushes engineers to Copilot CLI
After six months of internal Claude Code use, Microsoft's Experiences + Devices group is winding down access by June 30 — the last day of its fiscal year.
OpenAI weighs legal action against Apple over buried ChatGPT integration
Bloomberg reports OpenAI has hired outside counsel as the June 2024 Siri tie-up falls short of revenue projections.
Richard Socher's Recursive Superintelligence exits stealth with $650M
The You.com founder and DeepMind's Tim Rocktäschel are betting on open-endedness to crack recursive self-improvement.
Cerebras prices IPO at $5.5B, then stock doubles in first-day trading
Shares opened at $385 against a $185 IPO price, valuing the Nvidia challenger at $56.4B fully diluted.
Anthropic and Gates Foundation commit $200M to deploy Claude in global health and education
The four-year program covers grants, Claude credits, and engineering support across health, life sciences, education, and economic mobility.
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