Videogame Firm Electronic Arts Nears Private Equity Megadeal
The company behind popular sports video games looks poised to ink one of the largest leveraged buyouts in history, backed by Silver Lake and Saudi Arabia’s wealth fund.
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Anthropic Hires Head of International Business in Global Push
Anthropic plans to triple its international workforce and grow its applied AI team fivefold this year.
U.S. Considers Chip Production Rule to Curb Imports
The Trump administration plans to ask chip companies to produce the same amount as their customers import from overseas.
Tech Giant Cloudflare to Launch a Stablecoin
Cloudflare’s stablecoin, called NET dollar, will be used in transactions handled by AI.
Apple Presses the EU to Overturn Digital Markets Act
The company said the law has forced it to delay features due to the landmark law.
Google Considered Selling Part of Ad Tech Unit Last Year, Google Executive Says
Google also considered putting part of its ad tech unit into Google Cloud and selling it as a software as a service.
DeepMind Releases New Robot AI Models
Gemini Robotics-ER 1.5 is the first broadly available Gemini Robotics model.
Trump Signs TikTok Executive Order, Values Company at $14 Billion
The Abu Dhabi-based investment company could potentially also get a board seat.
Databricks Inks $100 Million Deal to Host OpenAI Models
The multi-year deal gives Databricks customers direct access to OpenAI’s latest models
OpenAI Signs Additional $6.5 Billion Contract With CoreWeave
The expanded contract adds to OpenAI’s spending commitments as it tries to secure computing power to train new models and serve its growing customer base.
Amazon Reaches $2.5 Billion Settlement In FTC Consumer Protection Lawsuit
Amazon will have to make it easier to cancel Prime subscriptions and offer refunds to consumers.
xAI Sues OpenAI For Allegedly Stealing Trade Secrets
The lawsuit, filed late Wednesday, alleges that OpenAI poached eight xAI employees as part of a “deliberate scheme” to steal confidential information.
Oracle Raises $18 Billion in Upsized Debt Offering
Oracle had more than $150 billion in current and long-term liabilities at the end of August, according to securities filings.
Intel Said to Seek Investment From Apple
A potential deal could follow Nvidia and Softbank's investment, as part of the struggling chipmaker’s efforts to shore up its business.
Google Judge Raises Future of Open Web As She Weighs Ad Tech Divestiture
The future of independent web sites is increasingly in the spotlight, as many complain that traffic from Google search has declined.
Alibaba Shares Surge after Slew of AI Related Announcements
The Chinese tech giant announced a trillion-parameter model and inclusion of Nvidia’s software stack in its cloud platform.
Data Center Site Developer Fermi Targets $13 billion Valuation in IPO
A $13 billion valuation would be a rich price tag for a site developer with Fermi’s limited track record.
Exclusive: DataBank Gets Moody’s Rating in $1.1 Billion Data Center Deal
The financing is more evidence that major credit rating agencies are getting comfortable evaluating data center deals.
Cloudflare Sets Up a Fight Over Google’s AI Overviews Access
Cloudflare announced a new feature it said will enable website owners to block AI Overviews without having to opt out of being included in Google search.