DeepSeek is closing a $7.4 billion round at a $74 billion valuation, up sharply from June. The cash funds compute and talent retention as the Chinese AI lab eyes a 2027 Shanghai IPO.
AMD has agreed to acquire Toronto-based Taalas, whose chips etch a model's weights directly into silicon instead of pulling them from memory. The price wasn't disclosed.
OpenAI says its upcoming Astra model may have crossed a critical cybersecurity threshold, capable of hacking hardened systems without human help, and has slowed its development.
In 27 hours, volunteers pointed AI models at 390 open-source Bitcoin projects and logged 4,962 flaws, 85 of them critical. The sprint followed a $100M+ theft from Coldcard wallets.
Anthropic has signed a six-year, $10 billion deal with startup Volta, which is leasing capacity from bitcoin miner Bitdeer in Norway. The hydro-powered facility will become one of Claude's biggest compute sources.
The European Commission has opened a tender to build seven AI gigafactories for training large models, betting €10 billion in public money on closing the computing gap with the US and China.
A China-based hacker pointed DeepSeek at the open internet and let it hunt for weak servers on its own. It scanned over 460 targets and breached Citrix NetScaler before researchers caught it by accident.
More than 1,100 employees of OpenAI, Anthropic, Google DeepMind and Meta signed the "Pacing the Frontier" statement, asking the US to prepare a coordinated AI slowdown mechanism in case development outruns oversight.
Nvidia is negotiating a roughly $250 billion guarantee so OpenAI can lease a 10-gigawatt Ohio data center built on a former uranium-enrichment site. A separate $350 billion deal for chips is also on the table.
AMD unveiled Helios, its first full AI server rack packing 72 Instinct MI455X chips. Anthropic has ordered 2 gigawatts of capacity, and Microsoft is building Azure around it.
The company revised its computing budget through 2030 upward — from $600 billion to $750 billion in just a few months. Demand for its services is outrunning data center construction.
Google released Gemini 3.6 Flash, 3.5 Flash-Lite and 3.5 Flash Cyber and confirmed pretraining has begun on Gemini 4 — while the flagship Gemini 3.5 Pro update remains overdue.
The maker of Kimi K3, the model that rattled Asian markets and dented Nasdaq last week, is moving toward a Hong Kong listing. Its valuation has climbed nearly sevenfold in under two years, past $30 billion.
Databricks is raising a new round at a $188 billion valuation, up $54 billion from February. Coatue leads the round, with cash earmarked for enterprise AI tools.
Bank of America has named separate executives to run its digital-assets and AI-transformation businesses, treating crypto and artificial intelligence as permanent operations rather than pilot projects.
Beijing's Moonshot AI released the 2.8-trillion-parameter Kimi K3, which topped Claude and GPT on a coding benchmark. Hours later, Asian chipmaker stocks slid and bitcoin dropped below $63,000.
Japan's government granted $2.4 billion to state-backed Noetra, which will build a data center powered by 27,500 Nvidia Rubin chips to train a homegrown AI model for robots and industry.
A Reuters scoop reveals Meta's internal memo: Iris, its first in-house AI accelerator, enters mass production in September. Designed with Broadcom, built at TSMC, targeting 14 GW of compute by 2027.
Fed Chair Kevin Warsh created five task forces to revamp monetary policy. Marc Andreessen of a16z will co-lead the AI productivity panel alongside Stanford economist Charles Jones and Microsoft's Asha Sharma.
OpenAI launched GPT-5.6 — three tiers: Sol tops Claude Mythos 5 on agentic coding benchmarks, Terra matches it at half the price. The release cleared a three-week US government review process.
