An OpenAI spokesperson says Sam Altman misspoke in saying OpenAI was looking to deploy on all NATO classified networks, adding he meant “unclassified networks”
Hyunsu Yim /Reuters:
All-hands: Sam Altman defends OpenAI's US DOD deal, calls the backlash “painful”, and says OpenAI is looking at a deal to deploy on all NATO classified networks
Startup's deal to do classified work with Defense Department drew backlash from staff and other AI researchers
All-hands: Sam Altman says OpenAI does not “get to make operational decisions” regarding how the US DOD uses its tech, and the Pentagon respects its expertise
Ashley Capoot /CNBC:
Sam Altman says the DOD affirmed that OpenAI's tools wouldn't be used by agencies like the NSA, and services to them would need a further contract modification
Dylan Butts /CNBC:
Sam Altman says OpenAI amended its DOD contract to ensure “the AI system shall not be intentionally used for domestic surveillance of US persons and nationals”
Sam Altman says company is working with defence department on provisions covering mass surveillance
Netflix walks away from a deal to buy WBD's studio and streaming assets after WBD deemed Paramount's $31/share bid to be superior; NFLX jumps 8%+
Netflix is walking away from a deal to buy Warner Bros. Discovery's studio and streaming assets after the WBD board on Thursday deemed …
Anthropic says its run-rate revenue hit $14B, growing over 10x annually in each of the past three years, and Claude Code's run-rate revenue has grown to $2.5B+
And Nvidia and Microsoft; parties we KNOW are not using real cash are cited as making up ‘a portion’ of that $30B but never which portion or how much.Forums:r/FundriseInvestors:Ant...
Anthropic adds Chris Liddell, a former Microsoft and GM exec who helped GM IPO and worked in Trump's first administration, to its board ahead of a potential IPO
The former Microsoft and GM executive Chris Liddell has previously worked for the Trump administration
Anthropic raised a $30B Series G led by GIC and Coatue and co-led by D. E. Shaw, Dragoneer, Founders Fund, Iconiq, and MGX at a $380B post-money valuation
We have raised $30 billion in Series G funding led by GIC and Coatue, valuing Anthropic at $380 billion post-money.
Anthropic raised a $30B Series G led by GIC and Coatue and co-led by D. E. Shaw, Dragoneer, Founders Fund, Iconiq, and MGX at a $380B post-money valuation
We have raised $30 billion in Series G funding led by GIC and Coatue, valuing Anthropic at $380 billion post-money. The round was co-led by D. E. Shaw Ventures, Dragoneer, Founder...
Anthropic says its run-rate revenue hit $14B, growing over 10x annually in the past three years, and Claude Code's run-rate revenue hit $2.5B
And Nvidia and Microsoft; parties we KNOW are not using real cash are cited as making up ‘a portion’ of that $30B but never which portion or how much.
Sources: Oracle pushed back the completion dates for some data centers it is building for OpenAI from 2027 to 2028, largely due to labor and material shortages
There clearly are no other fundamental issues w/ the scope and scale of Data Center investments! : D
An MIT study finds that AI can replace 11.7% of the US labor market, or ~$1.2T in wages, based on the “Iceberg Index”, which measures job automation potential
Massachusetts Institute of Technology on Wednesday released a study that found that artificial intelligence …
Opendoor's new chairman Keith Rabois says “I don't know what most” of its 1,400 employees do and the company doesn't need “more than 200 of them”
Imagine hearing that your employer has a new board chairman and this is what he says in the ir first interview on CNBC. … Forums: r/technology : Opendoor board chair Rabois says co...
Nvidia says the Jetson AGX Thor, its latest “robot brain” chip module, is now on sale for $3,499 as a developer kit; the module will ship next month
Nvidia announced Monday that its latest robotics chip module, the Jetson AGX Thor, is now on sale for $3,499 as a developer kit.
Intel says the US will make an $8.9B investment by purchasing 433.3M primary shares of Intel common stock for $20.47/share; INTC closed on August 22 at $24.80
U.S. Government to make $8.9 billion investment in Intel common stock as company builds upon its more than $100 billion expansion of resilient semiconductor supply chain
Sources: the Trump administration is in talks with Intel to have the US government potentially take a stake in the company; INTC closed up 7.4% on August 14
The Trump administration is in talks with Intel Corp. to have the US government take a stake in the beleaguered chipmaker …
Trump signs an EO clearing a path for adding alternative assets like PE and cryptocurrencies to 401(k)s, directing the US Secretary of Labor to review guidance
President Donald Trump signed Thursday an executive order that lays the groundwork to add alternative assets such as private equity …
President Trump orders regulators to investigate banks for “politicized or unlawful debanking”, echoing allegations from conservatives and the crypto industry
In a new executive order, the US president has called on federal regulators to investigate and punish banks …
The US DOD announces OpenAI, Google, Anthropic, and xAI have each won contracts with a $200M ceiling, aimed at enabling agentic AI national security workflows
Now his AI company is celebrating a $200M Pentagon contract and new unit to get government business Brian Fagioli / NERDS.xyz : Elon Musk wants to infect the government with AI usi...