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Oracle and OpenAI will not expand their data center footprint at their Abilene, Texas campus beyond the initial 1.2 gigawatts, at a site being developed by startup Crusoe, according to people with direct knowledge of the situation. Oracle has leased eight buildings in Abilene for OpenAI, with ...
Top technology banker Niall Cannon is leaving Citi to join Morgan Stanley as a senior investment banker focusing on software, according to people familiar with the matter. Cannon was most recently a vice chairman of Citi’s global technology investment banking and also served as its global ...
Microsoft, Amazon and Google will keep selling Anthropic models—and other products powered by its models—to most customers after the Pentagon said it was designating Anthropic a supply chain risk, the companies said. The Pentagon’s letter to Anthropic, signed by Defense Secretary Pete ...
When Anne Wojcicki was considering whether she should try to save her life’s work, genetic testing pioneer 23andMe, from bankruptcy last year, many within her inner circle offered the same advice.
“There was no shortage of people who would come to me and say, ‘You can walk away: It’s fine,’” she recalled last month, seated on a sunny patio at 23andMe’s Palo Alto, Calif., headquarters, speaking...
Online retailer Quince is in talks with investors to raise a funding round that would value the company at above $10 billion after the investment, according to a person with knowledge of the plans. If the talks are successful, the buzzy online brand would more than double its valuation from its last funding round.
The fundraise follows continued rapid growth at the eight-year-old company, thanks...
Anthropic CEO Dario Amodei on Thursday apologized for writing a memo to staff in which he said the Trump administration didn’t like Anthropic in part because the company hadn’t “given dictator-style praise to Trump.” Amodei said he apologized for “the tone of the post,” adding: “It does not ...
I’ve spent the last week talking to people who are in town for Morgan Stanley’s annual technology, media and telecom conference at the Palace Hotel this week. Even before the fireworks last week between the Pentagon and Anthropic, the gathering was sure to be buzzy, given the lineup of richly valued private startups—including OpenAI and Anthropic—and the havoc their growth has been wreaking on...
This wasn’t a fun day on Wall Street—the S...
Together AI, one of several up-and-coming cloud providers renting out Nvidia chip servers to AI developers, is in talks with investors to raise around $1 billion in funding at a $7.5 billion valuation before the investment, according to two people with knowledge of the fundraise.
The funding would more than double its valuation from a year ago and could boost Nvidia’s efforts to diversify its...
Shares of companies including Booking.com and Expedia rose nearly 8.5% and 13%, respectively, on Thursday, following a report from The Information that OpenAI would abandon plans to sell goods directly in ChatGPT in favor of putting checkouts inside apps that plug in to ChatGPT. The change ...