OpenAI Stargate Execs to Join Meta’s New Compute Unit
The executives will support the newly formed AI unit, TBD Lab.
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CoreWeave Strikes Multi-Year Deal with Anthropic
CoreWeave says it will provide compute to Anthropic starting later this year
Hong Kong Approves StanChart-Led Group, HSBC to Issue Stablecoins
Two banks will issue Hong Kong dollar-pegged stablecoins in the second half of 2026.
Tesla Can Sell Driving Software in Netherlands in Step Toward EU-Wide Sales
The Netherlands is the first country in the EU to approve the driving software.
Powell, Bessent Said to Invite Bank Leaders to Discuss Anthropic’s Mythos
Anthropic has said the unreleased model has already found thousands of high-severity vulnerabilities.
Exclusive: OpenAI Data Center Leaders Depart
Hoeschele was on the original OpenAI Stargate team, which intended to help OpenAI build and operate its own data centers.
Anthropic Considers Designing its Own Chip
Developing in-house silicon would take significantly longer than striking additional cloud deals to ease its near-term compute constraints.
Google Will Use Intel Chips in Data Centers
The announcement is a win for Intel, which received a $9 billion investment from the U.S. last fall after its shares dropped more than 50% in 2024.
OpenAI Tweaks AI Coding Agent Pricing Amid Rising Use
Sellers of AI have been tweaking their pricing models to balance price against the high cost of running the software.
Exclusive: Meta Reassigns Engineers to Improve AI Models
The moves are aimed at helping Meta bring its models to state-of-the-art performance more quickly and “compete in the AI race.”
Exclusive: Mercor Hit Over $1 Billion in Annualized Gross Revenue Before Breach
The growth occurred before the startup was impacted by a supply chain attack involving open-source project LiteLLM.
CPU Startup SiFive Raises $400 Million
The SiFive funding round was led by Atreides Management with participation from Apollo Global Management, Nvidia and others.
Amazon Considers Selling AI Chips Beyond AWS
Chips business hit an annual run rate of more than $20 billion.
Meta Expands Cloud Deals With CoreWeave to $35 Billion through 2032
Earlier this year Meta signed a deal to spend up to $27 billion renting Nvidia chips from cloud provider Nebius.
Unilever Acquires Supplement Startup Grüns
The deal comes just three years after the gummy vitamin startup was founded.
Tesla Considers Producing Smaller, Cheaper SUV
The plan would be a serious reversal for Tesla—in 2024, CEO Elon Musk killed a plan for a $25,000 SUV to focus instead on robotaxis and humanoid robots.
Alibaba Anonymously Launches New AI Video Model
The HappyHorse-1.0 model has topped an AI model leaderboard, beating ByteDance’s Seedance 2.0 model.
D.C. Court Denies Anthropic Motion to Stay Pentagon Blacklisting
The ruling from the circuit court in Washington, D.C., sets up split decisions in Anthropic’s two lawsuits challenging the Pentagon’s designation of it as a supply chain risk.
Workday CTO Joins Anthropic Amid Startup’s Push to Build HR Apps
Peter Bailis, who joined Workday last May as chief technology officer, has jumped to Anthropic to become a member of technical staff.
Exclusive: Former Andreessen General Partner Midha Raises $1.3 Billion
Firm wrote $300 million check in Anthropic
Weekday mornings
The Information AM by The Information Staff
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