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Bumble Founder Whitney Wolfe Herd Explains Decision to Take Company Private

Bumble cofounder and CEO Whitney Wolfe Herd said on Tuesday a sale of her 12-year-old dating app was important for the "for the longevity of Bumble’s mission" given the way the public markets had treated the

Goldman Sachs Investment Banking Co-Head Sees ‘Repositioning’ Amid AI Boom

Areas of weakness are emerging within the broader AI market as the cost of capital is set to continue rising, said Kim Posnett, Goldman Sachs’ global co-head of investment banking. Posnett said that while she’s

Chipmaker Onsemi in Talks to Buy Startup for About $1 Billion

Semiconductor component maker Onsemi has been discussing an acquisition of 16-year-old chip startup Ferric for close to $1 billion, say people familiar with the matter—a deal that reflects growing demand for technology

Anthropic Buys a Small Drug Startup as It Pushes Deeper Into Biotech

Anthropic said it acquired Mithril Medicine, a one-person startup developing treatments for two rare forms of muscular dystrophy, a sign of the AI developer’s growing ambitions in drug discovery. The company also said

Google is Having a TPU Moment

Get ready to hear Google brag about TPUs on Wednesday. When Alphabet, Google’s parent company, reports third-quarter earnings tomorrow, the company’s in-house AI chips, tensor processing units, are sure to be on the

OpenAI, a Longtime Nvidia Customer, Plans to Buy Google’s AI Chips

OpenAI plans to buy Google’s AI chips, according to a person familiar with the matter, in a boost for a rising competitor to OpenAI backer Nvidia. Financial terms and other details of OpenAI’s planned purchase couldn’t

Is Anduril Worth $120 Billion?

Some senior employees at Anduril Industries have indicated to investors that the autonomous weapons maker hopes to raise a new funding round in the first quarter next year, I’ve learned. It has considered doing so at a

OpenAI, Anthropic Claim Cryptography Breakthrough on Same Day

OpenAI’s models have disproved a foundational theory within cryptography, the AI company claimed on Monday. OpenAI also announced two other breakthroughs in physics and mathematics. The findings come after OpenAI

Why Cheaper Models Won't Win OpenAI the Enterprise

OpenAI is trying to chip away at Anthropic’s lead with enterprises by fashioning itself as a cheaper, more flexible provider, Steph and I reported this weekend. But Anthropic's impressive prospectus for an initial

Google to Sell AI Chips to OpenAI, Oracle

Google will sell its tensor processing units to Oracle and OpenAI, challenging Nvidia’s hold on the AI chip market. OpenAI is planning to buy Google’s TPUs, The Information reported. Google on Tuesday also said it would

Oracle To Start Running Google TPUs in Its Cloud

Google and Oracle announced a partnership that will make Google’s tensor processing units available to Oracle cloud customers, the first time the AI chips would be made available on a cloud platform outside of Google’s.

Why Anthropic's 85% Margin Is a Reality Check for Skeptics

When Anthropic on Monday dropped its long-awaited initial public offering prospectus filing, a lot of the details—see our top takeaways here—weren’t exactly new, given how much my colleagues and others had previously

How Is Anthropic So Efficient?

When Anthropic on Monday dropped its long-awaited initial public offering prospectus filing, a lot of the details—see our top takeaways here—weren’t exactly new, given how much my colleagues and others had previously

Meta Slightly Increases Equity Fundraising Plan to $97.5 Billion

Meta Platforms is slightly increasing the size of its planned stock sales to fund AI investments to a total of $97.5 billion from $95 billion, the company said. The company is increasing the common stock offering in its

Can AI Help Ray Kurzweil Cheat Death?

Ray Kurzweil does not want to die, but at the age of 78, he has been thinking more about it, a preoccupation that he describes as a "major motivating force of human beings." So over the past year, Kurzweil,

Nvidia Invests $3 Billion in Meta in Deeper AI Partnership

Nvidia will invest $3 billion in Meta Platforms’ equity offering, as the two companies expand their technological collaboration to maximize the performance of Meta’s Muse personal agent app and foundation models. Meta

Anthropic, SpaceX and Meta Cash Grabs

If it feels like it’s getting stuffy, that’s because the AI industry’s biggest names are doing their best to suck all the air out of the room. On Monday, Anthropic, SpaceX and Meta Platforms all unveiled their

Anthropic Founders Say They Will Keep Claude Free of Advertising

Anthropic’s seven founders said they are committed to keeping Claude free of advertising. Claude’s only incentive is to give people helpful answers, they said in a letter included in their IPO prospectus Monday.

Anthropic S-1 Highlights Rising Payment Costs

Anthropic said its expenses in payment processing fees increased by $222 million in the first half of this year from the same period a year ago, highlighting the surging costs of processing AI-related payments as the

DoorDash Nears Deal to Buy Instacart in $17 Billion Deal

DoorDash is in advanced talks to buy Instacart for around $17 billion, according to people familiar with the matter. A deal could be announced in the coming days, assuming it doesn’t fall apart at the last minute, some