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Nvidia in Talks to Invest $3 Billion in SB Energy as Part of OpenAI Data Center Deal

Nvidia is in talks to invest as much as $3 billion in SB Energy, the Softbank Group-backed developer of a massive planned Ohio data center project for OpenAI, according to people familiar with the discussions. The investment is being discussed as part of Nvidia’s negotiations with OpenAI and SB Energy over the chip giant providing around $100 billion in credit support for the planned Ohio data center campus, one of the people said. Those deals would add to a growing number cases where Nvidia...

Thrive Capital’s 2022 Fund Surges on OpenAI, Cursor

Thrive Capital’s 2022 fund has risen in value more than seven times net of fees as of June 30, according to a recently published letter to its limited partners.

Anthropic Revenue Jumped 14 Times in Second Quarter

The IPO contender was also profitable.

SpaceX Completes $60 billion Cursor Acquisition

The company told staff last week that Cursor employees would be fully integrated into SpaceX’s AI division in the days after the deal closed.

China’s Z.ai Touts New GLM-5.3 Model as Cyber Defense Tool

The Beijing-based AI developer emphasized the importance of open-source cybersecurity models by citing the recent Hugging Face hacking incident.

DeepSeek Announces Price Hikes for V4 Models

The flagship V4-Pro has so far received mixed reviews from users.

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Crypto Exchange Gemini 2Q Results Weighed by Credit Card Identity Fraud

Shares of the crypto exchange fell 5% in post-market trading.

Anthropic Policy Leader and Biden Alum Transition Out of Role

A former California Supreme Court justice joined Anthropic earlier this month as chief global affairs officer.

Tether Completes Financial Audit For the First Time

KPMG US conducted an audit of Tether’s financial statements and reserve assets for the year of 2025.

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Workday Stock Jumps 18% On Report of Silver Lake Takeover Talks

The jump trimmed Workday stock’s year-to-date loss to roughly 4%.

OpenAI Replaces Its Chief Revenue Officer with Wiz President

OpenAI chief revenue officer Denise Dresser had only been at the company for eight months before her exit.

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