Big Tech built its reputation on mountains of cash. It is building its AI empire on debt, and the bill is starting to land in Europe. The five biggest builders of AI data centres in the US have doubled their debt over five years. Together, Alphabet, Amazon, Meta, Microsoft and Oracle have piled on about […]
The letter reads like a founder’s article of faith. The share sale underneath it tells a harder story. The founder of MiniMax has told staff he will take no salary until the Chinese AI company builds artificial general intelligence. On the same day, MiniMax moved to raise as much as $2bn from investors. Its shares […]
A three-year-old startup run by a 23-year-old is in talks to double its worth to $20bn. The numbers are dazzling. Read the footnotes. Mercor, the AI training marketplace, has told investors it can raise at a $20bn valuation. It says it already holds at least one term sheet at that price, Bloomberg reports. The talks […]
Anthropic is the hottest stock in private tech. It is also one of the hardest to buy, and that is exactly why the price keeps climbing. Shares in Anthropic are changing hands on secondary markets at an implied valuation of $1.2 trillion, Business Insider reports. That is a 550% jump in a year. It puts […]
Three Chinese tech giants are on a US military blacklist. All three can still buy America’s best AI, as long as they buy it in the right country. Three of China’s biggest technology companies sit on a US military blacklist. All three can still reach some of America’s most advanced artificial intelligence. The trick is […]
Nanya Technology spent years as the also-ran of the memory business, the Taiwanese DRAM maker that Samsung, SK Hynix and Micron never had to worry about much. The AI boom has changed the arithmetic. The company now plans to spend around $6bn in 2027 as it races to expand capacity into a memory shortage that […]
Anthropic has built a feature that does something odd for a tech company. It counts how much you lean on its product, then gently suggests you might want to lean a little less. The feature is called Reflect, and it landed in beta on Thursday. It is a dashboard, tucked into Claude’s settings, that shows […]
Two robots that look roughly like people just reached inside a live animal and removed an organ. No film studio staged the scene. It happened in a lab in California, and it is a first for medicine. Surgeons at the University of California San Diego used two teleoperated humanoid robots to remove the gallbladders from […]
The United Nations’ digital agency has decided that AI agents are moving faster than anyone’s ability to trust them, and it wants to do something about it. On 9 July, the International Telecommunication Union used its AI for Good Summit in Geneva to launch an initiative aimed at keeping increasingly autonomous AI systems identifiable, accountable and […]
