Anthropic Reports $16.8 billion in Third-Quarter Revenue
Company briefed potential IPO investors on its business performance Wednesday
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Morgan Stanley CEO Expects Another Decade of Major AI Investment
CEO Ted Pick spoke about the bank’s view on the AI buildout risk on its earnings call on Wednesday.
OpenAI’s Computing Lead Sachin Katti to Depart In November
OpenAI’s current CTO of Compute Uday Ruddarraju will step into the role after Katti’s departure.
Anduril in Talks for Employee Share Sale at $90 Billion Valuation
The company is in talks to allow employees to sell their shares in a tender that would value the autonomous munitions maker at about $90 billion, according to a report from Bloomberg.
OpenAI Accuses Former Employee of Taking Confidential Information to Apple
The allegation echoes Apple’s lawsuit claims against OpenAI
Berkshire Hathaway Invest $330 Million in Bending Spoons
The investment provided a boost of confidence for Bending Spoons, sending its stock up 40%.
Exclusive: Nvidia and ChipAgents Launch Evaluation For AI-Powered Chip Design
AI appears to be speeding up chip design.
Blackstone-Backed AirTrunk Postpones REIT IPO Amid Market Volatility
The data center operator is delaying the public listing just as Firmus grapples with its IPO collapse.
Microsoft Explores Ways to Cut Costs in Azure Cloud Unit
Faced with relentless talent poaching from rivals, Microsoft's Azure cloud leaders are now looking for ways to reduce costs across the unit.
Anthropic Strikes Licensing, Acqui-Hire Deal With AI Security Startup
Anthropic's agreement with Opaque Systems, a startup that began at UC Berkeley, could get finance and healthcare customers to increase their adoption of AI.
OpenAI Employee Arrested For Allegedly Installing Office Listening Device
The employee, Abdulrahman Alfozan, had worked at the company for about a year and was an engineering lead working on OpenAI's agents product.
Character.ai Files For Bankruptcy, Citing Costs and Litigation
The AI persona company will license some of its intellectual property to Disney, the initial bidder.
JPMorgan Blocks External AI Agents From Accessing Client Accounts
AI agents like Meta’s Muse, Instinct won’t be allowed to access users’ bank accounts.
JPMorgan Closely Tracking Its AI Exposure, CFO Says
CFO Jeremy Barnum offered a view into how the biggest U.S. bank is managing AI-related risk on its earnings call on Tuesday.
Anthropic to Build First Data Center in Japan
Anthropic has been on a sprint to increase its data center capacity around the world.
Exclusive: Microsoft Reorganizes Azure Cloud Unit Amid AI Overhaul
Arun Ulag, who previously oversaw Azure’s database products, will now also oversee Azure Core.
Bumble in Talks to Go Private With Sequoia Partner Gupta’s New Venture
It would be the holding company's first acquisition.
Meta Unveils New AI Models to Challenge OpenAI and Anthropic
The company is stepping up its AI ambitions with new flagship models Muse Wonder and Muse Wonder Full.
Microsoft Debuts New Homegrown AI Chip, Plans to Deploy Multiple Gigawatts Next Year
CEO Satya Nadella said in a post Monday that Maia 300 is 40% more efficient than “leading GPU-based systems."
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy