Microsoft said Monday it is offering voluntary buyouts to about 27% of its staff, as the company aims to reduce expenses amid its investments in developing and running AI. The buyout offers represent ...

SpaceX has agreed to pay $40 billion to lease artificial intelligence chips from an entity affiliated with Apollo Global Management. The arrangement will see Apollo sell debt to buy the chips, and ...

Anthropic dropped its long-awaited publicS-1 filing Monday morning. Tune in today for stories from my colleagues and me that ...

Anthropic publicly filed a preliminary prospectus for its planning initial public offering, providing a look inside its business for the first half of this year as well as new details about its ...

Goldman Sachs has officially won the lead left role on Anthropic’s IPO, putting it in the top position again after the bank won the top job for SpaceX. Morgan Stanley is named stabilization agent for ...

Meta Platforms announced plans to seek as much as $95 billion of capital through equity sales, adding to already huge fundraising plans by AI companies to fuel the data center boom. The plans include ...

Facebook has a monopoly in social media developed through the acquisition of nascent competitors and misleading and fraudulent behavior regarding its collection of users’ data, according to a new ...

As AI assistants like Instinct and Meta Platforms’ Muse start to gain traction in shopping, Stripe has taken a leading position in how the agents pay. That’s putting the credit card giants on edge.

Coinbase has cut its AI spending “nearly in half” even as it increases the number of tokens it uses, by using various measures to control costs. These measures include defaulting to open-weight models ...

Facebook’s global head of safety, Antigone Davis, on Thursday refused repeated calls from U.S. lawmakers to disclose more of Facebook’s internal research about the potential negative impact of its ...

Anthropic reported rapid-but-slowing revenue growth in a meeting with potential investors in its planned initial public ...

In 2020, Matt Barnard built a drone by hand at his home in Missouri and thought he had the perfect buyers for it: cattle ranchers in neighboring Oklahoma, who he knew had a heck of a time keeping ...