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OpenAI to Buy Healthcare App Torch in $100 Million Deal
OpenAI has agreed to buy Torch, a one-year-old AI healthcare app, for about $100 million in equity, The Information reported Monday. Torch enables customers to view and analyze their health data from...

CoreWeave Hits First Data Center Milestone in Texas, Internal Message Shows
CoreWeave hit its first chip delivery milestone at a data center in Denton, Texas, that it’s building for OpenAI, according to an internal Slack message from executives. Late last year, it warned in...

Crypto Custodian BitGo Eyes Up to $1.96 Billion Valuation in IPO
BitGo, a crypto custody firm, said Monday it’s launching its initial public offering, seeking to raise as much as $201 million at a valuation of up to $1.96 billion. The company began pitching the s...

Meta Plans to Cut 10% of Reality Labs Employees, Report Says
Meta Platforms plans to cut about 10% of its Reality Labs employees, the New York Times reported, with the cuts coming as soon as Tuesday. The report follows a Business Insider report late last week t...

OpenAI Agrees to Buy AI Healthcare App For About $100 Million
OpenAI has agreed to buy Torch, a one-year-old AI healthcare app, for about $100 million in equity, according to a person with direct knowledge of the acquisition. Torch enables customers to view and...

Paramount Plans Proxy Battle for WBD Board Seats
The Ellison family’s Paramount Skydance plans to run a proxy battle to win seats on Warner Bros. Discovery’s board at this spring’s annual meeting, Paramount said on Monday, outlining its next s...

Anthropic Announces Virtual Coworker Tool
Anthropic on Monday announced Cowork, a version of its popular Claude Code coding agent designed to handle non-coding tasks on a user’s device. The tool will initially be available for Claude Max su...

Apple Partners with Google for Upcoming Siri Overhaul
Apple has struck a multi-year partnership with Alphabet-owned Google to help the iPhone maker get its artificial intelligence products back on track. Google’s Gemini will power the company’s Apple...

Meta Forms New Initiative to Plan for Compute Needs
Meta Platforms CEO Mark Zuckerberg said the company has created a new “top-level” effort called Meta Compute to oversee the construction and long term planning for the company’s data center need...

Why There’s Another Wave of Neoclouds; AI Data Center Cooling Heats Up
There's a new wave of cloud computing startups raising money and touting landmark AI data center deals.Nscale is raising billions of dollars to build data centers for OpenAI. Fluidstack is filling its...