Business — page 33
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.
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.
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