Krystal Hu

Anthropic ​told prospective investors that revenue in the third quarter surged 45% from the prior quarter.

This week, analysts and IPO investors gathered for private briefings in downtown San Francisco to hear new financials from the largest company ever to attempt to go public: Anthropic.

Flock Safety plans to let go of about 18% of its employees, people with direct knowledge of the plans said on Thursday, as the maker of AI-powered ​surveillance cameras and license-plate readers faces mounting opposition to its products from communities and ‌lawmakers.

The US government and tech heavyweights Meta Platforms and ​Google parent Alphabet are joining nonprofit Biohub to build open datasets to train AI models for biological ‌reasearch, bringing total investment in the effort to $1.8 billion, Biohub said on Wednesday.

Months after the OpenClaw frenzy, personal AI agents are looking promising again.

Echo Wang got to see Anthropic's confidential IPO prospectus before anyone else did.

OpenAI's annualized recurring revenue is approaching $70 billion, driven by a more than ​twofold increase in enterprise sales since July, a source familiar with ‌the matter told Reuters on Tuesday.

Seligman Investments has doubled ​the deployable capital of its venture arm to $1 billion less than a year after launching it, betting that ‌the physical bottlenecks of the artificial intelligence buildout will produce the next wave of large technology companies, its executives told Reuters.

OpenAI is continuing to attack Anthropic's home turf by trying to capture the most valuable use case in AI: coding.

Data startup Snorkel AI has raised $350 million in fresh funding at a $3.5 billion ​valuation, its CEO Alex Ratner told Reuters, as booming demand from frontier AI labs for increasingly complex training data ‌and simulated environments fuels rapid growth.

Even for someone who has spent the past decade covering this fast-moving industry, the past week felt extraordinary: researchers warning about human extinction, followed by AI lab CEOs urging a coordinated slowdown; capped by a president calling all the alarmism a hoax.

Nvidia is considering investing up to $10 billion in what could the largest IPO in history.

At Goldman Sachs’ annual tech investor gathering, Communacopia + Technology Conference, in San Francisco this week, who wasn’t in the room mattered almost as much as who was.

OpenAI is pushing its AI into specialized industries and undercutting open-source rivals on cost, Chief Financial Officer Sarah Friar ​said on Monday, as the ChatGPT maker sees accelerating enterprise growth.

ChatGPT maker OpenAI is offering private-equity firms a sweeter deal than rival Anthropic as both artificial ​intelligence companies court buyout firms to form joint ventures aimed at raising fresh capital and accelerating adoption of enterprise AI products, according to people familiar with the ‌talks.

AI startup Thinking Machines Lab said on Tuesday it has struck a multi-year partnership with Nvidia that will see it receive a ​significant investment and procure at least one gigawatt of the chipmaker's ‌next-generation processors.

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CoreWeave expects capital expenditure to double this year, it said on Thursday, as it spends heavily to scale up its AI cloud platform to handle the massive computing power its customers demand for training and deploying advanced AI models.

OpenAI is expanding its push into the enterprise market by teaming up with four of the world’s largest consulting firms, betting that a more hands-on approach will help corporate clients move beyond pilot projects to full-scale AI deployments.

Have ads started popping up in your conversations with ChatGPT yet? More than 30 advertisers have run ads on ChatGPT this month, according to estimates from Sensor Tower. Unsurprisingly, a third of them are retailers — including Best Buy, Urban Outfitters, Target and Home Depot — looking to reach consumers inside chatbot conversations.