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The proliferation of AI data centers plugging into the national electrical grid has helped increase consumer electricity prices, driving up the average national electricity price by more than 6% in the last year. That’s not a good look for the incumbents ahead of this fall’s elections, and President Donald Trump addressed the challenge in his…
Anthropic on Wednesday announced that it has acquired Vercept, an AI startup with deep roots to some of the biggest names in Seattle’s tech scene. The acquisition marks the latest after Anthropic acquired coding agent engine Bun in December to help scale Claude Code. Vercept had created tools for more complex agentic tasks, including its…
Anthropic is accusing three Chinese AI companies of setting up more than 24,000 fake accounts with its Claude AI model to improve their own models. The labs — DeepSeek, Moonshot AI, and MiniMax — allegedly generated more than 16 million exchanges with Claude through those accounts using a technique called “distillation.” Anthropic said the labs…
With OpenAI on the verge of finalizing a new $100 billion round, and Anthropic just closing its own monster $30 billion raise, one thing is clear: The concept of investor “loyalty” is only hanging on by a thread. At least a dozen direct investors in OpenAI were announced as backers in Anthropic’s $30 billion raise…
With an eye toward luring more AI investment to the country, India is hosting a four-day AI Impact Summit this week that will be attended by executives from major AI labs and Big Tech, including OpenAI, Anthropic, Nvidia, Microsoft, Google, and Cloudflare, as well as heads of state. The event, which expects 250,000 visitors, will…
The creator economy is evolving fast, and ad revenue alone isn’t cutting it anymore. YouTubers are launching product lines, acquiring startups, and building actual business empires. In fact, MrBeast’s company bought fintech startup Step, and his chocolate business is outearning his media arm. This isn’t just one creator’s strategy. For many, it’s the new playbook. On this episode of TechCrunch’s Equity podcast, hosts Kirsten Korosec, Anthony Ha, and Rebecca Bellan unpack how creators are diversifying beyond ads,…
Move over, PayPal mafia: There’s a new tech mafia in Silicon Valley. As the startup behind ChatGPT, OpenAI is arguably the biggest AI player in town. The company is reportedly now in talks to finalize a $100 billion deal, valuing the company at more than $850 billion. Many employees have come and gone since the company first launched a decade ago, and some have launched startups of their own. Among these,…
The Super Bowl is happening in Silicon Valley this Sunday, and the Patriots-Seahawks game at Levi’s Stadium is going to be packed with tech money. YouTube CEO Neal Mohan is expected to be there. Apple’s Tim Cook, too. (He has become a Super Bowl fixture since Apple Music began sponsoring the halftime show several years…
Cloud data company Snowflake has entered into a $200 million multi-year AI deal with OpenAI on Monday, the latest signal that enterprise AI competition continues to heat up. Under the deal, Snowflake’s 12,600 customers will have access to OpenAI models across all three major cloud providers. Snowflake employees access to OpenAI’s ChatGPT Enterprise as well….
OpenAI, a company already valued at $500 billion, has made it known that it’s on the hunt for another $100 billion in investment. Such a funding round could lead the company’s valuation to shoot up to a titanic $830 billion. The Wall Street Journal is now reporting that Amazon may contribute at least $50 billion…