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OpenAI’s Shopping Glitch
This wasn’t a fun day on Wall Street—the S&P 500 fell 0.5%—but one group of stocks bucked the downward trend. That would be those of several travel-booking and food-delivery firms, such as DoorD...

Nvidia Cloud Ally Together AI in Talks to Raise at $7.5 Billion Valuation
Together AI, one of several up-and-coming cloud providers renting out Nvidia chip servers to AI developers, is in talks with investors to raise around $1 billion in funding at a $7.5 billion valuation...

Consumer Tech Shares Rise Following OpenAI Shopping Shift
Shares of companies including Booking.com and Expedia rose nearly 8.5% and 13%, respectively, on Thursday, following a report from The Information that OpenAI would abandon plans to sell goods directl...

Commerce Department Shoots Down U.S. Draft Rules For Reviewing Nvidia AI Chip Exports
The U.S. Commerce Department said in a statement Thursday that it wouldn’t enact new restrictions on exports of American AI technologies that would resemble Biden administration policies. The statem...

Pentagon Officially Tells Anthropic It Is a Supply Chain Risk
The Defense Department has officially told Anthropic that the artificial intelligence company and its products “are deemed a supply chain risk, effective immediately,” according to a senior defens...

Alibaba is Moving Faster Than Amazon and OpenAI in AI For Commerce
Last week, my colleague Qianer tested an AI agent inside Alibaba’s Qwen app, which resembles ChatGPT. She asked to get a ticket to see Pegasus 3, a comedy film about a race car driver that has been ...

Oracle Plans Jobs Cuts as Data Center Spending Rises
Oracle is planning to cut thousands of employees as soon as this month, according to a Bloomberg report, which said the cuts will be “wider-reaching” than the firm’s typical rolling reductions. ...

Anduril Forecasts More Than $4 Billion in Sales, $1 Billion in Losses
Weapons maker Anduril expects to roughly double revenue this year to about $4.3 billion, while its operating loss would rise by nearly half to $1.2 billion, according to confidential financial figures...

OpenAI Develops a ‘Bidirectional’ Audio Model to Boost Voice Assistants
Wow, what a day of news! In case you missed it (which would have been difficult), we broke a number of stories yesterday regarding OpenAI and Anthropic. Most memorable was this piece about the fiery,...

Demand from Alibaba and Other Giants Boosts China’s Homegrown Memory Suppliers
Chinese tech heavyweights including Alibaba Group, ByteDance and Tencent Holdings are turning to domestic chipmakers to ease the pain from a deepening global shortage of memory chips, according to fou...