Reflection inks $1B compute deal with Nebius
Reflection AI has signed a $1 billion deal to access Nebius’s compute. Reflection was founded in 2024 and is developing open source AI technology.
The real AI race may no longer be at the frontier
Hugging Face CEO Clem Delangue says enterprises increasingly want open models, due to cost, accessibility, and ownership. Do frontier models still matter if most production AI ends up running on open models?
Satya Nadella has issued a shocking warning to companies using AI
Of all the debates raging about the potential downsides of AI, there is one worry causing the most hand-wringing among AI enthusiasts in Silicon Valley — that the giant AI labs that sell proprietary models…
SK Hynix raises $26.5B in the biggest foreign IPO in US history, is urged to build new US fabs
The AI chip boom just produced its biggest Wall Street moment yet. Now SK Hynix and Samsung are being asked to build US factories.
Apple to produce Made in America wireless chips with Broadcom
Apple has signed a $30 billion+ multiyear deal with Broadcom to design and produce more than 15 billion U.S.-made custom wireless connectivity chips for Apple products.
Why the rise of open source AI isn’t hurting Anthropic … yet
Open source models’ success isn’t coming at the expense of frontier labs. Instead, they each seem to capture two phases of the same life cycle.
Microsoft lays off nearly 5,000 employees across Xbox, commercial sales
Microsoft cut around 4,800 roles, or 2.1% of its global workforce, on Monday — the latest in a series of layoffs that’s stoking fears of AI replacing jobs. The layoffs will hit Xbox and commercial sales…
Microsoft launches its own AI deployment company with $2.5 billion commitment
Microsoft follows Amazon, OpenAI, and Anthropic with its new AI deployment group.
Indian tech tycoon bets $30M of his own money to build AI alternative to Microsoft Office
Neo is Bhavin Turakhia’s fifth venture and his latest involving enterprise software. This time he’s taking on Microsoft Office, Google Apps with AI.
Chamath Palihapitiya raises $135M Series A for his AI coding startup, takes CEO role
VCs remain thirsty to fund AI coding startups. This one, founded by investor, Chamath Palihapitiya, is no exception.