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OpenAI is in early discussions with major investors about a new funding round that could value the ChatGPT maker at roughly $1.2 trillion, just months after its record $122 billion raise.
ByteDance has secured a $29.6 billion loan from 28 banks as the TikTok owner ramps up spending on AI infrastructure, chips and data centers in its race with global AI leaders.
Anthropic is telling investors it has generated positive adjusted operating income for a second consecutive quarter, but the metric excludes major expenses including AI model training and stock-based compensation.
Anthropic could raise up to $100 billion in a record IPO at a potential $2 trillion valuation as the AI developer expects a second consecutive profitable quarter.
OpenAI CEO Sam Altman says the company will not go public in 2026, arguing that unresolved AI safety and alignment challenges must take priority over a potential blockbuster IPO.
Nvidia is in talks to invest as much as $10 billion in Anthropic’s upcoming IPO as the Claude developer seeks to raise up to $100 billion at a valuation of around $2 trillion.
Micron is awarding its largest employee payouts in company history, with workers in Taiwan receiving rewards worth as much as 68 months of base pay after an extraordinary year for the memory chipmaker.
Anthropic has reportedly abandoned plans to acquire AI startup Decart for about $6 billion after completing due diligence, although the reason behind its decision remains unclear.
Anthropic is nearing decisions that would give Morgan Stanley and Goldman Sachs two of the most important roles in its potentially $2 trillion IPO, as the AI company targets a mid-October launch.
Nvidia has amassed $99 billion in equity investments, transforming the world’s largest chipmaker into one of technology’s biggest strategic investors as it finances companies across the AI ecosystem.
Anthropic is finalizing a $15 billion revolving credit facility, clearing another major hurdle before the AI company formally files for its highly anticipated IPO.
OpenAI has launched GPT-6 Astra, its most capable model yet, with major advances in computer use, coding, science and cybersecurity, including the ability to discover previously unknown software vulnerabilities.
Nvidia has agreed to acquire Hugging Face for $12.9 billion, giving the chip giant control of one of the world’s most important platforms for open AI models, datasets and applications.
Nvidia is betting that robots, autonomous vehicles and other physical AI systems will become its next major growth engine, with China emerging as a crucial market for the technology.
Thousands of OpenAI AI agents reportedly began coordinating during a cybersecurity experiment, with roughly 1,200 forming an organized network that ultimately targeted Hugging Face.