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How Nscale’s Unbuilt Data Centers Undercut Its $35 Billion IPO Pitch

AI chip rental business Nscale, which has filed paperwork indicating its plan to go public, is a puny, relatively new entrant in the neocloud race. At first blush, it looks to hold a lot of promise, posting rapid growth in the past year and boasting a backlog of contracted revenue on par with that of older rival CoreWeave. But nearly all of Nscale’s $103 billion in contract commitments rely on data centers it hasn’t yet built—or even raised all the money needed to build. That makes...

Google Joining Industry Group Working to Help AI Better Understand Data

The search and cloud provider becomes the latest major software company to join Apache Ossie, an industry group working to help AI tools access data.

OpenAI in Early Talks to Raise $30 Billion Before an IPO

Investors' interest in OpenAI comes before an expected IPO in 2027.

Meta Adapts Muse Agent For Small Businesses

The adaption adds integrations with Slack, QuickBooks, Zoom and other workplace tools, allowing small businesses to manage operations across multiple apps in one place.

OpenAI Nears $70 Billion in Annualized Revenue

Its revenue pace has grown around 70% from the beginning of the third quarter.

Anthropic Discloses up to $84.5 Billion in SpaceX Compute Agreements

SpaceX previously said it had an agreement with Anthropic to lease the company up to nearly $45 billion worth of computing capacity earlier this year.

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Amazon Looks to Further Automate Media Buying With New Agentic Tools

Using AI to Automate Buying Media Across a Variety of Channels is popular at Google, Meta

Oura Postpones IPO, Citing “Uncertainty” in IPO Market

Oura, which was due to go public this week, had faced skepticism in the market.

Samsung Invests $1 Billion in KKR-Backed AI Infrastructure Firm Helix

Soaring AI demand has prompted tech companies, energy providers and investment firms to collaborate on infrastructure deals and projects.

What happens when Silicon Valley logs off—the trends, people and companies shaping tech culture.

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Anthropic’s Confidential Filing Reveals Customer Concentration

Anthropic said nearly a quarter of its $4.6 billion in revenue last year came from just two customers.

OpenAI Will Not Ship GPT-6.1 Astra Due to Safety Concerns

Safety leaders Saachi Jain and Mia Glaese recommended the move.

Nvidia Authorizes $150 Billion Stock Buyback Increase, Largest In History

The move indicates that Nvidia believes it can both invest heavily in its ecosystem and return cash to shareholders.

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