Artificial Intelligence

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Export controls went after China’s chips. They never touched the capital, and Moonshot is reportedly seeking $5bn.

Moonshot AI is considering raising up to $5bn in a Hong Kong initial public offering as soon as this year, Bloomberg reported on Friday. Dong Cao, Julia Fioretti, Pei Li and Luz Ding sourced the account to people familiar with the matter, who asked not to be identified because the information is private. The Beijing lab […]

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Apple’s new chief executive is a hardware engineer. His first lineup answers a software problem with a hinge.

Apple holds its “Surprise and Shine” event on 9 September, the first product launch run by John Ternus, who became chief executive on 1 September as Tim Cook moved to executive chairman. Cook worked his last day in the role on 31 August. It is the start of the biggest run of device releases in the company’s […]

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Apple’s new chief executive is a hardware engineer. His first lineup answers a software problem with a hinge. Read More »

G42 gave up Huawei, then let Washington watch its data centres. Majority US ownership is reportedly next.

Executives at Abu Dhabi’s G42 have held exploratory talks about selling a majority stake to American companies, Bloomberg reported on Friday, as the firm races to guarantee access to advanced chips beyond next year. Alex Dooler, Zainab Fattah and Dinesh Nair sourced the account to people familiar with the matter, who declined to be identified because […]

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G42 gave up Huawei, then let Washington watch its data centres. Majority US ownership is reportedly next. Read More »

DeepSeek plans large Huawei chip order for new Inner Mongolia data centre

DeepSeek is preparing a large order of Huawei AI chips for a new data centre, according to Bloomberg. Neither the size of the order nor the chip model has been disclosed, and DeepSeek has not confirmed the plan. The data centre has been reported since the summer. Bloomberg described a site of roughly one gigawatt […]

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Jane Street signs $13bn five-year AI cloud deal with Crusoe

A proprietary trading firm has just signed one of the largest AI cloud contracts of the year. Jane Street is committing roughly $13bn over five years to Crusoe, the data centre company, for clusters of AI chips and the infrastructure around them. The terms were first reported by Bloomberg, citing people familiar with the arrangement, and […]

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OpenAI rolls out GPT-6 Astra, and Greg Brockman says AGI has arrived

OpenAI’s president says artificial general intelligence has arrived. Greg Brockman told reporters that the company’s new Astra model qualifies, the Washington Post reported. OpenAI defines AGI as systems that are generally smarter than humans. “I do leave it up to the reader to decide for themselves if this qualifies for them“, Brockman said. “I think […]

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Vara wins world’s first CE mark for AI that clears mammograms alone

A Berlin company has won the world’s first regulatory clearance for AI that closes a breast screening case. No radiologist looks at it. Vara, which trades as MX Healthcare GmbH, announced the certification on Wednesday in a statement issued through Business Wire. Chief executive Jonas Muff set out the reasoning in a longer post the […]

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Snowflake beat on almost everything. One number went the other way

Snowflake beat expectations on revenue, on profit and on guidance, and its shares rose more than 20% after hours. One number in the release went the other way, and it is the one that looks furthest into the future. Remaining performance obligations, the contracted revenue Snowflake has booked but not yet recognised, came in at […]

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Snowflake beat on almost everything. One number went the other way Read More »

The FAA just let a pilotless cargo plane fly out of a working airport

An aircraft with nobody on board flew itself out of a working Louisiana airport last week. It carried spare parts, medical supplies and cans of water. Its route took it over people’s houses. Elroy Air said on Wednesday it had completed the first uncrewed autonomous flights under a federal programme. That programme exists to fold […]

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The US Army used a laser weapon on American soil, then bought it

In late August the US Army fired a high-energy laser at three drones near the Mexican border. All three came down. A week later the Army signed the contract to buy the production version. AeroVironment announced on Wednesday that it has won a $464.8m award from the Army’s Portfolio Acquisition Executive for Fires. The company […]

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