OpenAI

Artificial Intelligence

Anthropic Fights to Bring Most Powerful AI Models Back Online

Photo via Andrej Sokolow/dpa/picture-alliance/Newscom

Cybersecurity experts are raising concerns that the shutdown of Anthropic’s models could open bigger holes in the US’s digital defenses.

2 min read

Photo via Scott Coleman/ZUMAPRESS/Newscom

Artificial Intelligence

Will Wall Street Stomach Oracle’s Costly AI Transformation?

Capital expenditures continue to balloon and the company plans to raise another $40 billion through debt and equity financing.

2 min read
Photo via Apple

Big Tech

Apple Shows Off Gemini-Powered AI At WWDC

The keynote presentation of Apple’s annual developers conference was a farewell sendoff for CEO Tim Cook, who received a standing ovation.

2 min read
Photo via IMAGO/Frank Hoermann/SVEN SIMON/IMAGO/Sven Simon/Newscom

Finance

Move Over, SpaceX: Popular Companies from Lime to Oura Line Up for Market Debuts

After a dry spell amid high interest rates and inflation uncertainty Q1 saw 35 IPOs raise $9.9 billion, according to Renaissance Capital.

2 min read

Semiconductors

ASML Becomes Biggest Company in European History

Photo via Robin Utrecht/ANP/Newscom

A share price rally pushed ASML’s market cap to $668 billion on Wednesday, beating a European record set by Novo Nordisk in June 2024.

1 min read

Artificial Intelligence

SoftBank’s ‘Go Big or Go Home’ AI Bets Fire Up Markets as IPOs Near

Photo via umiyasu Nakatsuji/Jiji Press/Newscom

SoftBank is one of OpenAI’s top shareholders, having built up a $64.6 billion, 13% stake in the ChatGPT maker.

2 min read

Industrials

SpaceX Rocket Test Sets Stage for Record IPO

Photo via Scott Schilke/Sipa USA/Newscom

SpaceX is scheduled to hold a crucial flight test of its Starship rocket prototype, developed as part of NASA’s Artemis program.

1 min read

Photo illustration by Connor Lin / The Daily Upside, Photos by Hapabapa via iStock and Vincent Isore, Florian Gaertner, imageBROKER/Mojahid Mottakin, Andrej Sokolow, Wladimir Bulgar/Science Photo Library, and Kyodo via Newscom

Artificial Intelligence

In AI Chip Race, Nvidia’s Biggest Customers Become Competitors

The types of chips that will keep AI’s momentum up are different from those that trained it, creating an opening for rivals to Nvidia.

4 min read
Photo via Stephane Lemouton/SIPA/Newscom

Artificial Intelligence

AI Drug Designer Isomorphic Details Lofty Plans for $2.1B in New Funding

Isomorphic previously raised $600 million in external funding last year, which was also led by NYC’s Thrive Capital.

1 min read
Photo via WLADIMIR BULGAR/SCIENCE PHOTO LIBRARY/Newscom

Semiconductors

Cerebras Challenges Nvidia’s Chip Dominance with Highly Hyped IPO

Cerebras says its chips can perform inference work faster than Nvidia’s GPUs, which are less specialized for inference work.

2 min read

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