Business — page 32
OpenAI to cap Microsoft revenue-sharing at $38 billion, report says
The ceiling would limit how much of OpenAI's top line flows to its largest backer as the two restructure their decade-long partnership.
OpenAI commits $4B to new unit aimed at corporate AI deployments
The standalone group will focus on enterprise rollouts as OpenAI tries to convert ChatGPT's lead into recurring business revenue.
Cowboy Space raises $275M to build its own rockets for orbital AI data centers
Robinhood co-founder Baiju Bhatt's startup is going vertical — rockets and satellites — to beat a launch-capacity bottleneck by 2028.
Cerebras lifts IPO price range to $150-$160 on strong demand
The AI chipmaker is raising its target ahead of pricing as order books fill, pushing Cerebras toward a richer public-market debut.
Wispr Flow's India growth hits 100% as Hinglish voice push lands
The Bay Area voice-input startup says India is now its second-largest market, with 14% of 2.5M global downloads and aggressive local pricing.
Nvidia commits $40B to AI equity deals in early 2026, led by $30B OpenAI bet
Seven multi-billion-dollar checks into public companies and two dozen private rounds put Nvidia at the center of the AI capital cycle.
Anthropic signs $1.8B cloud deal with Akamai to expand Claude capacity
The agreement adds another infrastructure partner for Anthropic as Claude demand outpaces existing compute commitments with Amazon and Google.
Sony tells investors AI tools will accelerate the flood of new games
PlayStation CEO Hideaki Nishino says AI animation work that took hours now finishes in a fraction of a second.
Intel stock is up 490% in a year as Lip-Bu Tan courts Apple, Tesla, and Musk
Wall Street is pricing a turnaround that hasn't shown up in chip yields yet, with TSMC still ahead and execution thin on specifics.
Anthropic Targets $1 Trillion Valuation as IPO Bankers Pitch $400bn-$500bn Listing
Sovereign wealth funds, Google and Amazon are backing a fresh Anthropic round as Goldman and JPMorgan circle a late-2026 public offering.
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.
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