Artificial intelligence as a business: funding, chips, valuations and the companies betting on it.
Data centre revenue rose 78% and Intel still lost more than a quarter of its value in a day. The reason, scarce capacity and a PC slump, matters for every chip start-up now raising money.
Canada will take up to C$1.6bn of equity in Cohere's Series E, led by Schwarz Group. The terms say more about who now funds frontier AI outside America than the headline valuation does.
Four lenders will fund a vehicle that buys Broadcom chips and leases them to Anthropic. Broadcom's residual value support means the chipmaker still stands behind the senior debt.
The prospectus reveals $16.3bn of first-half revenue, a first operating profit and an $80.7bn paper loss. It also shows that Class A buyers will fund the company without deciding how it is run.
A 364-day bridge with a rising margin and a lien on nearly everything. The terms show what banks now demand of AI clouds while bond investors retreat from the sector.
The Stockholm company raised $550m from a cast of public market investors. Its price rose by more than half, yet the multiple it pays on revenue has fallen, which is the more telling number.
A year-old research lab quadrupled its valuation in nine months without a product. The round shows what venture investors now pay for a thesis, a team and a claim on cheaper compute.
The Korean AI cloud company priced at the top of its range, lost 32% on day one and bounced 30% the next. The swing says more about how AI infrastructure is being priced than about Elice.
At its Orlando symposium, Gartner said 86% of CIOs see AI risk growing faster than AI value. For startups selling to large companies, the buying mood is shifting from volume to proof.
Intuit's purchase of Sequence, a London AI billing startup backed by a16z, shows incumbents now buy agent software to stop mid-market customers from leaving.
A Texas data centre developer borrowed at 0% to fund its share of a 20-year AI lease. Shareholders, not bondholders, absorbed the cost.
About 40 attorneys general told a Delaware court that any buyer of Character.AI must inherit its child-safety duties. For AI investors, the lesson is that regulators now follow the data into bankruptcy.
JPMorgan, Citi and Wells Fargo opened the third quarter season with very different stories about artificial intelligence. The common thread is cost, and it points at the suppliers.
The vehicle software maker is said to have drawn offers that would double its June 2025 valuation. The bid tests whether selling AI to carmakers and the military deserves frontier lab multiples.
China's largest memory maker says a 4F-squared server module will ship this year. The claim is thin on detail, but it targets the most profitable corner of the AI chip boom.
