To rein in AI spending, large companies are capping employees’ usage, turning to cheaper and smaller models and using routers ...

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

Meta Platforms has named advertising-product lead John Hegeman as the company’s new chief revenue officer and Justin Osofsky, who oversees Meta’s work with small businesses, as the head of ...

Five American venture capital firms, including Sequoia Capital, GGV Capital, GSR Ventures, Walden International and Qualcomm Ventures, have invested at least $3 billion into companies that supply ...

OpenAI has accused a former employee of sharing the company’s unreleased device plans with senior leadership at Apple—a charge that echoes those Apple made against OpenAI in a lawsuit the iPhone maker ...

Portland-based startup Mueon raised $65 million to develop a new way to arrange AI server rack components. The company says its design could fit up to ten times more computing capacity into the same ...

OpenAI has surpassed $1.6 billion in annualized revenue, up 20% from mid-October despite a leadership crisis in November that prompted competitors to go after its customers, The Information reported .

Apple is preparing to release its Apple Intelligence on-device AI service in mainland China in December, ending a lengthy wait caused by regulatory hurdles, Bloomberg reported Thursday. The planned ...

Digital banking company Chime is delaying an initial public offering originally slated for March to the second half of the year in order to focus on launching investing and lending products, according ...

Morgan Stanley CEO Ted Pick said on Wednesday that he expects the AI buildout will encounter bottlenecks and periods of overbuilding, but investment will continue at a massive scale over the next ...

Chinese AI agents took exposed credentials from a company’s source code and bypassed safeguards in an attempt to find information on mapping service Amap, according to a report on Wednesday from a ...

Safe Superintelligence, the startup launched by former OpenAI chief scientist Ilya Sutskever, is in talks to raise $1 billion in a round that would value the startup at $30 billion, Bloomberg reported ...