Just when you thought the artificial intelligence model race might slow down, it starts up again double-time. This week alone brought new models and related services from OpenAI (twice), Meta (also twice), SpaceXAI, Anthropic and a raft of Chinese companies. And Microsoft, which released a flurry of seven models last month, intends to ditch OpenAI’s ...

OpenAI reportedly has floated giving the U.S. government a 5% stake in the company, perhaps the start of a series of such stakes in other AI companies as well. This no doubt has traditional anti-industrial-policy Republicans, all apparently dead now, spinning in their graves, because it’s a dumb idea for all sorts of reasons — ...

Even though investors are getting wary of chip stocks, prompting a two-day tech selloff this week, memory-chip maker Micron had a monster quarter and its shares jumped almost 16% Thursday. On top of that, South Korean memory chipmaker SK hynix filed for a U.S. IPO. The flip side of memory’s latest boom: Most electronic devices suddenly ...

Databricks may keep refusing to go public, but this week it wasn’t shy about proclaiming its intentions to be a central player in artificial intelligence. At its annual Data + AI conference in San Francisco this week, it made the case that AI agents can become the next-generation system of record for enterprises, which software-as-a-service ...

Blastoff! Elon Musk’s SpaceX went public Thursday evening and raised a stunning $75 billion, easily an all-time record. Investors bid the stock up 19% over the $135 asking price Friday morning, then shares closed at about $161, giving the company a valuation $2.1 trillion. It’s likely to bode well for other AI-related offerings to come ...

No sooner did Anthropic file for its initial public offering of stock this week than it then put out a missive suggesting that AI model makers need to slow down to let us catch our breath — or else AI can improve itself so fast that human society won’t be able to handle the results. ...

Hardware firms are cleaning up bigtime as enterprises and cloud providers can’t get enough computing power for their artificial intelligence dreams. Dell Technology’s stock closed Friday up an incredible 33%. That’s thanks to an 88% jump in revenue almost unheard-of for a established company of this size, thanks to all the AI servers it’s selling. NetApp got ...

Now we know for sure: This will be the year of monster initial public offerings. Elon Musk’s SpaceX filed for an IPO this week, aiming to raise a record $80 billion or more, and OpenAI was expected to follow hot on its heels. Of course investors will eat them up, as they seem to do ...

Are IPOs finally back? It sure looks like it, if Cerebras’ monster initial public offering this week is any indication. After raising its offering price twice, the stock rose 68% on the first day of trading, after the maker of huge artificial intelligence chips raised at least $5.5 billion. That success seems likely to spur ...

Money, and desperation, sure can pave over a lot of ill will. This week’s example: Anthropic signed a mammoth deal with Elon Musk’s SpaceX to use all of the computing capacity of SpaceX’s Colossus data center full of AI chips. Yes, that Elon Musk, the one who until this week liked to call Anthropic Misanthropic, ...