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Anthropic Commits At Least 5% of Shares to New Public Benefit Fund

The new entity, subject to stockholder approval, could get an additional 2% for every 50% increase in valuation.

Microsoft Pulls Out of Nscale U.K. Data Center Following Delays

The cancellation by Microsoft, one of Nscale's largest customers, is likely to weigh on its planned public offering this month.

China Proposes Export Controls on AI Technology

Beijing’s move comes as Chinese AI models have gained massive popularity around the world.

Tesla Unveils its Next Generation Roadster in Acrobatic Demo

Elon Musk said the company plans to begin production of the vehicle in 2028.

CoreWeave, Broadcom Object to Their Shares Tokenized on Blockchain

The SEC’s push to allow U.S. stocks trade on crypto venues faces pushback from some companies.

Anthropic Says AI Evaluators Can Now Work at Company

Anthropic says it has onboarded evaluators from research nonprofits METR and SecureBio, and is working towards doing so with Accenture.

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Exclusive: Mueon Raises $65 Million to Rework How Data Centers Are Put Together

The year-old startup wants to make it easier to put more silicon into each cubic foot of data center capacity—and mix-and-match different types of server chips and memory.

TSMC to Add a New 3nm Fab as AI Orders Pile up

The chipmaker is also weighing a Texas expansion and a role in Musk’s Terafab project, but says it must operate any facility it uses.

Apple Prepares to Debut Apple Intelligence in China in December

The China release comes two years after the global launch of Apple Intelligence in most other markets.

Anthropic Reports $16.8 billion in Third-Quarter Revenue

Company briefed potential IPO investors on its business performance Wednesday

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Morgan Stanley CEO Expects Another Decade of Major AI Investment

CEO Ted Pick spoke about the bank’s view on the AI buildout risk on its earnings call on Wednesday.

OpenAI’s Computing Lead Sachin Katti to Depart In November

OpenAI’s current CTO of Compute Uday Ruddarraju will step into the role after Katti’s departure.

Anduril in Talks for Employee Share Sale at $90 Billion Valuation

The company is in talks to allow employees to sell their shares in a tender that would value the autonomous munitions maker at about $90 billion, according to a report from Bloomberg.

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OpenAI Accuses Former Employee of Taking Confidential Information to Apple

The allegation echoes Apple’s lawsuit claims against OpenAI

Berkshire Hathaway Invest $330 Million in Bending Spoons

The investment provided a boost of confidence for Bending Spoons, sending its stock up 40%.

Exclusive: Nvidia and ChipAgents Launch Evaluation For AI-Powered Chip Design

AI appears to be speeding up chip design.