Google Reshuffles AI Leadership as Demis Hassabis Steps Aside
Demis Hassabis is becoming Alphabet chief scientist as Koray Kavukcuoglu takes operational control of DeepMind and four Google veterans launch Discovery Loop.
Startups & Investment
Coverage of funding rounds, IPOs, mergers and acquisitions shaping the next wave of tech companies. Discover how venture capital, private equity and corporate investors identify opportunities, back innovators and influence market dynamics. This category offers a window into the business side of emerging technology and entrepreneurship.
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NVIDIA Bets $5 Billion on Ilya Sutskever’s Safe Superintelligence
NVIDIA has formed a long-term partnership with Ilya Sutskever’s Safe Superintelligence, reportedly investing $5 billion and giving the secretive AI lab access to Vera Rubin systems...
NVIDIA Weighs $250 Billion Guarantee for OpenAI Data Center
NVIDIA is reportedly in advanced talks to provide a roughly $250 billion financing guarantee for a vast OpenAI data center in Ohio, potentially helping the ChatGPT...
SoftBank Plans $369 Million Bond Sale to Fund Its AI Push
SoftBank plans to sell about ¥60 billion of notes in Japan this month, its latest raise to fund a mounting AI bet that includes nearly $65...
Anthropic Lines Up Investor Meetings for an October IPO
Anthropic is scheduling investor meetings ahead of a potential IPO as soon as October, a move that could take the Claude maker public before rival OpenAI.
Tencent Leads Bid to Unwind Meta’s $2 Billion Manus Deal
Tencent is in talks to become Manus's largest shareholder as investors race to reverse Meta's $2 billion purchase of the AI agent startup, after Beijing ordered...
AI Spending Set to Surpass US Defense Budget by 2027
Big Tech's AI capital spending is projected to reach about 3.2% of US GDP by 2027, overtaking national defense spending as a share of the economy...
OpenAI Proposes Giving the US Government a 5% Stake
OpenAI has proposed handing the US government a roughly 5% stake, worth about $43 billion, to seed a public wealth fund and ease mounting political pressure...
OpenAI Leans Toward Delaying Its IPO to 2027 Over Valuation
OpenAI is leaning toward pushing its IPO to 2027 rather than accept less than a $1 trillion valuation, weeks after filing confidentially for a US listing.
Immutable Cuts Game Teams to Bet on AI Marketing Platform
Web3 gaming unicorn Immutable cut 29 roles and gutted its in-house game studios to focus on Audience, an AI marketing platform for the broader games industry.