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The SEC has subpoenaed four banks over Situational Awareness

American securities regulators have subpoenaed the banks that lent Situational Awareness the money it used to make its AI bets. The Securities and Exchange Commission wants the timing of the fund’s trades, and its communications with lenders about the money it was borrowing. It also told the banks to preserve any information they hold on […]

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Moonshot AI wants 30% of what US clouds earn from Kimi K3

Moonshot AI is in early discussions with Microsoft, Amazon, and Google about hosting Kimi K3 on their cloud platforms, seeking up to 30% of the revenue those services generate, according to Reuters. It would be the first arrangement of its kind between a Chinese AI company and the major American clouds, involving a model that Moonshot […]

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Deloitte will pay $21.5M to settle a DOJ investigation into its diversity targets

Deloitte has agreed to pay $21.5M to settle a US Justice Department investigation into its diversity practices, without admitting liability. The firm is one of the largest technology consultancies in the world as well as an accountancy, and it sits inside the same enterprise AI and systems integration market that has drawn Indian IT firms […]

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SpaceX is spending $100bn on a second Starbase, on an old Exxon site in Louisiana

SpaceX will build a second Starbase in Vermilion Parish, Louisiana, on a former Exxon property on the Gulf Coast, and it puts the price at $ 100 billion. The company describes it as a self-sustaining spaceport with its own propellant production, power generation, deep-water shipping, vehicle processing, and an airport, which is a fair description […]

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Nvidia is about to report its fastest growth in seven quarters

Nvidia is expected to report quarterly revenue of $92.18bn, close to double the same period last year and its fastest growth in seven quarters, with analysts forecasting a further rise to $104.20bn in the current quarter. The numbers are not really the issue anymore, because the scrutiny has moved to how much of that demand […]

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Intuit is separating Mailchimp out and guiding it to zero growth

Intuit is moving Mailchimp out of its main business and into a segment of its own. The first standalone forecast it has ever published for the marketing tool is for no growth at all. Mailchimp will bring in $1,256mn to $1,266mn in fiscal 2027, Intuit said on Tuesday. That range runs from minus 1% to […]

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OpenAI confirms its data centre chief left as it pivots to leasing

OpenAI has confirmed that the executive running its data centre buildout has left, and it has already broken up the job he was doing. Chris Malone, its head of data centers, is no longer with the company, an OpenAI spokesperson told Dina Bass at Bloomberg on Monday. Anissa Gardizy broke the story earlier that day […]

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WhatsApp is replacing its six-digit security PIN with a real password

WhatsApp is replacing the six-digit PIN used for two-step verification with a full alphanumeric password, and says more than a billion users have already created a passkey. Android users will also see extra context about calls from people not in their contacts. WhatsApp has quietly become the largest passwordless deployment on the planet. Announcing a […]

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Apple gave Tim Cook a farewell party a week before Ternus takes over

Apple gave Tim Cook a leaving party on Sunday, a week before he stops being its chief executive. About 200 people attended, almost all of them Apple employees, at the Caffè Macs cafeteria on the company’s Cupertino campus. OneRepublic played. Aaron Tilley reported the evening for The Information, citing a person who was there. The […]

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