OpenAI Targets $30B Funding Round at $1.4T Valuation Ahead of IPO
The round would be one of the largest private raises ever and values OpenAI at roughly $1.4 trillion before new capital, reinforcing the scale of the AI buildou
Bloomberg · +4 outlets
Anthropic IPO Filing Warns Its AI Poses 'Catastrophic or Existential' Risks
The disclosure in Anthropic's prospectus sets a precedent for how frontier AI labs frame risk to public market investors.
Bloomberg · +14 outlets
Trump Orders US Government to Rename AI 'Super Intelligence'
The rebranding directive changes how federal agencies refer to AI in official policy documents and press releases, a response to public backlash against the tec
The Verge · +14 outlets
Sam Altman Says OpenAI Won't Go Public Until Its Models Are Safe
Altman gave no timeline for an IPO while also unveiling Dots, the company's new always-on AI agent product, at DevDay.
The Verge · +14 outlets
DeepSeek Releases Huawei AI Chip Programming Tools in Bid to Replace Nvidia
The jointly developed software underscores China's push to build domestic alternatives to Nvidia's chip ecosystem.
Bloomberg · +13 outlets
Global Cash Is Funding the US AI Boom Despite Fears of Hidden Debt
Offshore capital is increasingly underwriting US AI infrastructure, raising questions about leverage and credit risk in the buildout.
Bloomberg.com · +9 outlets
OpenAI Launches Dots, an Always-On AI Agent, at DevDay
The launch positions OpenAI against Meta's Muse in the emerging market for agentic assistants that act across connected apps.
The Verge · +14 outlets
China Hardware Stocks Set for Worst Quarter as AI Rally Unravels
A July selloff over stretched AI valuations has erased much of the sector's gains, dragging Chinese tech hardware shares to their poorest quarterly performance.
Bloomberg · +2 outlets
AI Researchers Warn Superintelligence Is 'Exactly as Dangerous as It Sounds'
Interviews with current and former OpenAI, Google and Anthropic researchers amplify safety concerns as labs race toward more capable models.
The Verge · +14 outlets
Hedge Funds Hold Record Share of the $30 Trillion Treasury Market
Leveraged funds' growing footprint in Treasuries raises questions about market stability if positioning unwinds.
CNBC · +14 outlets
Nidec Shares Plunge 20% as CEO Resigns Amid Accounting Scandal
The disclosure wiped a fifth off the Japanese motor maker's market value, a major governance blow for a key supplier of data center and EV components.
Bloomberg · +1 outlets
Trump Accounts Will Auto-Enroll Children, Potentially Adding 60 Million Accounts, Treasury Says
Automatic enrollment would dramatically expand the savings program and its long-term fiscal footprint.
CNBC · +12 outlets
PaleBlueDot AI Seeks $600M Private Credit to Buy Chips for Korea Site
The talks with lenders including Brookfield show private credit's growing role in financing AI compute.
Bloomberg · +1 outlets
Creditors Sue Optimum and Drahi Over Alleged Billion-Dollar Transfers
The lawsuit adds to pressure on Patrick Drahi's telecom empire as lenders scrutinize asset transfers.
WSJ · +3 outlets
Indonesia Struggles to Fight Worst Fire Season in Years After Disaster Funding Cuts
Budget reductions have hampered the response as fires test the Prabowo administration's spending priorities.
Bloomberg.com · +13 outlets
Trump Sued Over Move to Claw Back Federal Funds Set to Expire
The challenge tests the executive branch's authority over congressionally appropriated funds.
Bloomberg.com · +14 outlets
Paramount Deal Delay Fuels Fears Over Costly $52 Billion M&A Debt
Financing costs for the large media transaction are coming under scrutiny as the deal timeline slips.
Bloomberg.com
Bank of Canada Boosts 2-Week Repo Use to Ease Market Strain
Increased short-term repo operations signal funding pressure in Canadian money markets.
Bloomberg.com · +1 outlets