OpenAI’s books show zero debt and just $46mn of quarterly capital spending. The catch, reported by The Information: around $665bn of commitments sitting just off the balance sheet, now heading for regulators’ desks. On paper, OpenAI looks like a lean s…
Fresh from a record IPO that helped make Elon Musk a trillionaire, SpaceX is raising at least $20bn in its debut bond sale to bankroll a vast AI build-out. SpaceX is about to do something none of Elon Musk’s companies has done before. It is borrowing m…
Meta is paying $900mn for a fifth of Cred, an Indian fintech. The bigger prize is its founder, Kunal Shah, who will now run WhatsApp. Meta has found its next WhatsApp boss the way it now likes to find people: by writing a cheque. On Monday, the company…
JD.com robots will eventually replace the company’s 700,000 couriers, its founder says. It is a rare admission that automation is coming for blue-collar jobs. Most tech bosses hedge when asked whether machines will take people’s jobs. Richard Liu just …
A Netherlands-based firm which makes specialised measurement and inspection technology used in chip manufacturing has raised $380m in new funding, valuing it at $1.6bn, it said today. The Series D rou…
In a blunt interview, Satya Nadella warned that the AI giants cannot keep promising mass job losses while demanding the power to build whatever they want. Microsoft’s answer: cheaper models, more control for customers, and a pitch for the public’s trus…
The Chevron Microsoft gas deal hands the oil major a 20-year contract to power a giant West Texas data centre. For a company that built its AI plans on renewables and nuclear, that is a sharp turn. Chevron will power one of the largest data centres in …
How YouTube’s CEO Is Trying To Combat AI Slop
Superpal, a Vilnius-based AI startup, has raised €500,000 for its platform that serves as a fully autonomous AI coworker within a company’s Slack. FIRSTPICK led the round, with participation from the …
The most expensive promise Prabowo Subianto made on his way to Indonesia’s presidency was lunch. His free-meals programme, budgeted at roughly $15bn to feed some 83 million children and pregnant women across an archipelago of thousands of islands, is t…