Broadcom’s $42 Billion Financing Deal Deepens Anthropic AI Partnership
Anthropic’s IPO prospectus has revealed an unusually broad relationship with chipmaker Broadcom, spanning compute supply, equipment leasing and financing. Broadcom has agreed to lend Anthropic up to $42 billion to help finance its infrastructure...
Apple Plans Smart-Home Push With New Hub on October 13
Apple is planning to expand its presence in the smart-home market with a new home hub, code-named J490, expected to be launched on October 13, Bloomberg News reported on Wednesday, citing people familiar with...
Meta Expands Muse AI Agent to Small Businesses
Meta Platforms is expanding its Muse artificial intelligence agent to small businesses, adding integrations with tools such as Shopify, QuickBooks, Stripe and Canva. The move is part of the Facebook parent’s broader effort to...
Anthropic Eyes $2 Trillion Valuation as AI Ambitions Drive Massive Costs
Anthropic is preparing for a potential blockbuster IPO that could value the artificial intelligence startup at more than $2 trillion, according to its IPO prospectus reviewed by Reuters. The company reported revenue of nearly...
Nvidia Boosts Buyback Plan by $150 Billion, Setting Record
Nvidia has increased its share repurchase authorization by $150 billion, surpassing Apple’s $110 billion approval in 2024 and marking the largest-ever increase in a stock buyback programme. The additional authorization takes Nvidia’s remaining buyback...
Microsoft Expands Copilot With Coding and AI Agent Tools
Microsoft on Friday unveiled new capabilities for its Copilot app, including a coding tool and an always-on artificial intelligence agent, as the software giant seeks to turn its AI assistant into a one-stop workplace...
Geely Unveils Four-Minute EV Charging Technology in Challenge to BYD
China’s Geely on Wednesday unveiled an ultra-fast electric vehicle (EV) charging system capable of charging a vehicle in as little as four minutes, intensifying its technology competition with rival BYD. The company also introduced...
Meta’s AI Agent Muse Sparks Wall Street Optimism Over New Revenue Stream
Wall Street is growing bullish on Meta Platforms as its newly launched AI agent, Muse, raises expectations of a potential new revenue stream and expanded AI monetization opportunities. Launched on September 8, Muse can...
European AI Firms Push Back Against Calls to Slow Development
European artificial intelligence firms are pushing back against calls from leading U.S. AI companies to slow the development of increasingly powerful models, arguing that such measures could reinforce the dominance of established players. France-based...
Smart Glasses Face Growing Scrutiny Over Privacy and Harassment Concerns
Paris prosecutors have opened a criminal investigation into suspected sexual harassment linked to the use of smart glasses to secretly record women in public and share the footage online. The probe comes as privacy...