Company news, funding rounds, strategy, and the organisations driving AI development.
AI Weekly Issue #541: Big Tech reports AI spending Wednesday as CoreWeave debt hits distress
Big Tech earnings and credit market strain are the focus of this week's AI Weekly issue, according to a preview published by AI Weekly. The issue say…
Amazon and others are done keeping data center deals secret. Is it enough to build trust?
Amazon will stop using nondisclosure agreements when it negotiates data center deals with local governments. The company made the commitment in a stat…
2026 Climate Tech Companies to Watch
# 2026 Climate Tech Companies to Watch MIT Technology Review has identified a set of emerging climate technology companies positioned to influence th…
Google is paying almost no publishers almost nothing for content used in AI answers
Google has struck content licensing deals with roughly 100 digital publishers to train and power its AI products, but the payments reveal a stark disp…
ChatGPT now reaches 1.2 billion people every week, OpenAI says
OpenAI's ChatGPT has crossed 1.2 billion weekly active users, the company announced. This milestone reflects explosive growth across consumer and ente…
Anthropic's IPO filing shows soaring revenue, mounting costs, and "existential" risks
Anthropic has filed for an initial public offering that paints a portrait of explosive growth colliding with mounting losses. The AI safety company pu…
The Download: climate tech companies to watch and AI’s discovery problem
# Climate Tech Companies Face Uncertain Landscape as Big Tech Retreats, AI Discovery Challenges Mount The climate technology sector enters a critical…
Coming soon: Our 2026 list of Climate Tech Companies to Watch
# Climate Tech Companies Face Make-or-Break Moment as 1.5°C Warming Threshold Nears The United Nations delivered a sobering verdict this month: Earth…
Peak XV ups Surge seed investment ceiling to $5M, unveils 18-startup cohort
Peak XV Partners, the Southeast Asian venture capital arm of Sequoia Capital, has expanded its Surge seed program by raising the investment ceiling to…
Source: Inference provider Modal Labs closing in on $750M round at $15.75B valuation
Modal Labs, an inference provider that runs AI workloads in the cloud, is raising roughly $750 million at a $15.75 billion valuation, according to Tec…
Meta wants to turn Muse into a moneymaker by selling AI services to businesses
Meta is formalizing its push into enterprise AI by establishing Meta Enterprise Platform, a dedicated business unit designed to monetize its AI capabi…
Goldman Sachs expects Big Tech to spend $1.2 trillion on AI infrastructure by 2027, dwarfing Wall Street estimates
Goldman Sachs released a stark forecast about Big Tech's AI ambitions. The investment bank projects Amazon, Alphabet, Microsoft, Oracle, and Meta will…
Anthropic’s CEO is about to have dinner with President Trump
Dario Amodei, CEO of Anthropic, is scheduled to meet with President-elect Donald Trump in a private dinner setting. This marks the first direct, one-o…
Anthropic’s founders seek voting control ahead of IPO
Anthropic's leadership is moving to cement control before taking the company public. The AI safety startup's seven co-founders, including Dario Amodei…
Anthropic’s Dario Amodei gets the SNL treatment
Anthropic CEO Dario Amodei appeared on Saturday Night Live this past weekend, marking a rare mainstream media moment for an AI executive. The sketch p…
Ahead of US IPO, British AI neocloud Nscale secures $3.36B in convertible financing
British AI infrastructure company Nscale has secured $3.36 billion in convertible debt financing ahead of its planned US initial public offering. The …
Anthropic to pay Akamai $11.6 billion over seven years in cloud deal
Anthropic has committed $11.6 billion to Akamai over seven years for cloud infrastructure, marking one of the largest infrastructure deals in AI histo…
Crusoe abandons $1.25B plan to use Boom turbines at AI data centers
Crusoe Energy has shelved plans to deploy Boom Supersonic's advanced turbine technology at its artificial intelligence data centers, abandoning what w…
Anthropic signs $11.6 billion cloud deal with Akamai, pushing its compute spending past $500 billion in under a year
Anthropic has locked in a $11.6 billion seven-year cloud computing agreement with Akamai Technologies, securing warrants for up to 5 percent of the co…
Sakana AI hires Jürgen Schmidhuber, inventor of deep learning, world models, and your next ChatGPT update
Sakana AI, a Tokyo-based artificial intelligence research company, has appointed Jürgen Schmidhuber as Chief Scientific Advisor. Schmidhuber, widely r…
Deepmind was built to chase AGI, but its new chief just wants Gemini 4 out the door
Google DeepMind's leadership shift marks a clear pivot away from the artificial general intelligence obsession that defined the lab's founding mission…
Amazon blocks Meta's AI agent Muse from online shopping
Amazon has moved to block Meta's newly unveiled AI shopping agent Muse from conducting transactions on its platform, marking an early clash between tw…
SoftBank to borrow over $11 billion in risky bonds for OpenAI stake
SoftBank is raising over $11 billion through high-yield bonds to fund an additional investment in OpenAI, marking an aggressive financial maneuver by …
Following OpenAI, Anthropic is also reportedly postponing its IPO
Anthropic is delaying its initial public offering from October to November 2026, following a similar postponement by OpenAI. The San Francisco-based A…
World model companies are keeping a lot of secrets
# World Model Companies Are Keeping Their Capabilities Under Wraps The world models sector has become one of AI's hottest investment frontiers, attra…
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Company news, funding rounds, strategy, and the organisations driving AI development.