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AMD-Backed Vultr Seeks $1 Billion for AI Cloud Push
Vultr, one of the oldest independent cloud providers, is seeking to raise at least $1 billion in new capital so it can compete with a growing list of startups scrambling for cash to meet the surging d...

Chinese Authorities Bar Manus Cofounders From Leaving Country
Chinese authorities barred Manus’ cofounders from leaving the country while regulators review Meta Platforms’ $2 billion acquisition of the AI agent startup, the Financial Times reported. Cofounde...

Chinese AI Firm SenseTime Reports First Positive Operating Margin
Chinese AI company SenseTime said its earnings before interest, taxes, depreciation and amortization turned positive during the second half of last year, the first time since its listing in 2021. Sens...

Meta Approves New Executive Stock Plan Tied to Aggressive Stock Goals
Meta Platforms has agreed to dole out a bounty of new stock options to its top leaders that will pay out only if the company hits aggressive new share price goals. To collect the maximum amount of opt...

Amazon Buys Fauna Humanoid Startup
Amazon bought humanoid robotics startup Fauna Robotics last week, Bloomberg reported Tuesday. Amazon plans to continue selling Fauna’s humanoid robot Sprout, which costs $50,000 and stands at just t...

The Math Behind Anthropic’s Mad Revenue Growth
OpenAI and Anthropic’s remarkable revenue growth has invited scrutiny of how the AI startups are tallying the headline-making figures they have privately or publicly disclosed.Last month, OpenAI’s...

SpaceX Aims to File for IPO as Soon as This Week
SpaceX is aiming to file its initial public offering prospectus with regulators later this week or next week, according to a person with direct knowledge of the plans. The confidential filing will fo...

OpenAI Wrongfoots Disney
Walt Disney Co. must be so glad it committed to investing $1 billion in OpenAI and becoming a customer of the ChatGPT creator. The theme park and entertainment firm agreed to both steps as part of a d...

Judge in Anthropic-Pentagon Case Calls Pentagon’s Actions ‘Troubling’
The federal judge presiding over Anthropic’s lawsuit against the Department of Defense called the Pentagon’s actions against Anthropic “troubling” in a hearing on Tuesday, saying that they “...

Jury: Meta Must Pay $375 Million in New Mexico Child Safety Case
Meta Platforms must pay $375 million in civil penalties for violating New Mexico consumer protection laws, a jury in Santa Fe ruled on Tuesday. Meta vowed to appeal the ruling in the trial, which star...