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Cerebras Systems raised $5.5 billion in its IPO on Thursday, pricing shares at $185 Wednesday evening, way higher than its range ($115 to $125, later raised to $150-$160), even as it increased the size of the offering to 30 million shares. It then opened to public trading at $385, more than double (up 108%), as…
While AI is now being applied to everything from healthcare to customer support, no single use case has yet been nearly as popular or lucrative as code writing. Jack Newton, co-founder and CEO of Clio, a Canadian law firm management software company, is convinced that legal tech is poised to be the next big winner…
Campbell Brown has spent her career chasing accurate information, first as a renowned TV journalist, then as Facebook’s first, and only, dedicated news chief. Now, watching AI reshape how people consume information, she sees history threatening to repeat itself. This time, she’s not waiting for someone else to fix it. Her company, Forum AI —…
With the tech industry singularly focused on AI models, Anthropic is having an exceptionally good year. The company may soon pull ahead of its main competitor, as it looks to raise tens of billions of dollars in a funding round that would put its valuation at some $950 billion (OpenAI was valued at $854 billion…
Productivity software maker Notion is stepping into the agentic era. In a live-streamed product announcement on Wednesday, the company, known best for its collaborative note-taking app, introduced a new developer platform that extends the capabilities of its custom AI agents, connects with external agents, and allows teams to build automated multi-step workflows that can pull…
Elon Musk’s xAI is running nearly 50 natural gas turbines at its Mississippi data center, power plants that the state is currently not regulating thanks to a loophole. The power plants are considered “mobile” by the state of Mississippi because they are sitting on flatbed trailers, thus allowing them to dodge to air pollution regulations…
For years, AI researchers have anticipated the moment when AI systems will be able to improve themselves better than humans could. With investors pouring money into a new generation of research-driven AI labs, there are more resources than ever available to pursue the goal. Now, one of those neolabs has taken a major step towards…
Google and SpaceX are in talks to launch orbital data centers in space, reports The Wall Street Journal, citing sources familiar with the matter. The potential deal comes as SpaceX gears up for its $1.75 trillion IPO later this year, selling investors on the idea that data centers in space will be the cheapest place…
As investors scramble to get their hands on shares of AI companies of all stripes, Anthropic this week updated its website to warn investors that a slew of private and secondary investment platforms that offer access to shares in the AI company are not, in fact, allowed to do so. The company named Open Doors…
OpenAI CEO Sam Altman finally took the stand this morning to defend himself against his former co-founder Elon Musk’s lawsuit challenging OpenAI’s corporate structure. Altman was immediately asked what he thought of Musk’s allegation that OpenAI’s other founders “stole a charity” when they launched a for-profit subsidiary to market products based on the company’s AI…