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Sequoia Capital to Invest in AI Holding Co. Sequence

Sequoia Capital is investing hundreds of millions of dollars into Sequence Holding, a one-year-old business that just announced a $7.7 billion insurance acquisition co-led by Michael Dell’s family office, say people familiar with the matter. This will be Sequoia’s second known investment in a new category of holding companies. These aim to buy businesses in established industries such as accounting, insurance and HOA management and then replace or complement some human work with AI. The new...

United Airlines Blocks AI Agents Like Muse and Instinct From Booking Flights

The airline said AI assistants with access to customer accounts can expose sensitive information and can make purchases or account changes that customers didn’t intend.

Nvidia Board Reportedly Preparing To Oust Nvidia CEO

The Wall Street Journal reported that Huang may soon have a new leader.

Meta’s Infrastructure Chief Is Leaving Amid Massive AI Buildout

Former Amazon Web Services executive Dave Brown, whom Meta hired in July, will replace Santosh Janardhan, who plans to leave the company early next year.

CoreWeave Reports Revenue Surge But Huge Increase in Cash Burn

Shares of CoreWeave have been pummeled in recent weeks as investors grow jittery about its ability to keep raising money.

Nvidia Board Hires Wachtell for Independent Investigation of CEO Relationship

The decision comes after CEO Jensen Huang admitted to an extramarital affair with a woman alleged to be a Chinese intelligence asset.

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OpenAI Acquires AI Travel Agent Odessia

Odessia uses AI to help users plan and book travel. Its founder will be joining OpenAI to focus on “the future of travel.”

Anthropic Launches New Workplace Software, Sending Microsoft Shares Tanking

Microsoft shares fell more than 3.5% following the announcement Tuesday before paring some losses.

Anthropic Discloses Over $10 Billion in New Deals with Microsoft, Google; Says Lambda Deal May Be Cancelled

The new disclosures show how Anthropic remains hungry for additional computing power to train and run its AI models.

SoftBank Writes Off $3.7 Billion on Advance Payments for Data Center Projects

SoftBank said the writedowns reflected a review of projects, without giving details.

Stablecoin Card Startup Rain Launches Vaults for AI Agents

Rain’s vault product will compete with Stripe, a major provider of payment infrastructure for agents.

Anthropic Sets Lower than Expected Valuation, Seeks to Raise $90 Billion in IPO

The IPO valuation is slightly lower than what investors initially expected.

Anthropic’s Outside Counsel Sent Banks Wrong Documents Before Launching IPO

Anthropic is expected to start marketing its IPO Tuesday.

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President Trump Says FBI is Probing Nvidia CEO’s Relationship with Chinese National

Trump and Huang have had a close relationship during the president’s second term.

Anthropic Releases New Frontier Models as IPO Nears

The AI company released its first new frontier models since CEO Dario Amodei called for a slowdown in AI development for safety.
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