OpenAI Has Discussed Size of Stake U.S. Government Could Take
The company has floated the idea of a public fund seeded with AI company stocks.
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Tesla Vehicle Sales Rebounded 25% in Second Quarter
Makers of electric vehicles and plug-in hybrids have benefitted from surging gas prices this year due to the Iran War, even as other U.S. automakers beyond Tesla have been refocusing on combustion vehicles.
Microsoft Commits $2.5 Billion to New Applied AI Consulting Effort
The new unit comes as large companies have groused that it can be tricky to configure AI software to their own needs and generate meaningful returns.
Alibaba and Affiliate to Pay $600 Million in U.S. Settlement Over Illegal Drug Sales
The Justice Department says Alibaba and its U.S. payment affiliate failed to stop merchants from illegally importing drugs into the U.S.
Nvidia Will Backstop Customers’ GPUs, Take a Cut of Their Cloud Revenues
The move is part of Nvidia's longstanding push to help more companies be able to afford its vaunted but expensive GPUs.
8VC Raises $1.5 Billion Fund
8VC is one of several VC funds that have recently raised their largest funds in short succession to the last as startups raise record-sized rounds.
Meta Said to Plan AI Cloud Business Push
Selling excess computing power could help the company offset some of its AI infrastructure investments.
Microsoft Plans Thousands of Layoffs in Sales, Engineering, Xbox
Microsoft typically conducts layoffs after the close of its fiscal year, which ended on Tuesday. The company has said headcount will slightly decline this year.
Anthropic Backtracks Spyware Targeting Chinese Users After Controversy
Claude models are widely used by developers in China, even though Anthropic restricts Chinese users’ access to its platform.
Exclusive: Nvidia Funds Security Firm Verkada
Nvidia’s involvement is part of its bet on AI that’s applied to the physical world, which CEO Jensen Huang has called a $50 trillion opportunity.
Lime Shares Open Up 9%
The Uber-backed scooter rental company will tap investor interest in non-AI companies.
Meituan Releases New AI Model Trained Entirely on Chinese Chips
The move shows how China is stepping up its effort to reduce its dependence on Nvidia chips.
U.S. Eases Export Curbs on Anthropic’s Fable Model
Anthropic said it will begin restoring access to the model on Wednesday.
Schneider Electric Agrees to Buy Industrial AI Firm Cognite for $3.1 billion
Schneider, which makes energy infrastructure for AI data centers, will combine the startup with its own industrial software company.
Anthropic Runs Pre-Clinical Drug Trials, Launches Sonnet 5 Model
Anthropic also released the Claude Science app.
Exclusive: Jefferies Hires Goldman Sachs’ Alex Tingle as Global Head of Digital Infrastructure Banking
Investment banks like Jefferies are ramping up their efforts to capitalize on a flurry of deals in data centers and infrastructure.
Amazon Web Services Creates Forward Deployed Engineer Organization
The company will invest $1 billion and co-sell with other companies, like OpenAI and Anthropic
Stripe, Visa, Mastercard Join Consortium Launching New Stablecoin
Circle’s stock fell 13% after the news as competition increases.
Weekday mornings
The Information AM by The Information Staff
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