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Thinking Machines is in talks to raise $6bn, The Information reports

Mira Murati’s Thinking Machines Lab is raising money again. The figure that travelled around the internet last week was the wrong one. The Information broke the story on 3 September. Its current version puts the raise at $5bn to $6bn, on a pre-money valuation of at least $40bn. Accel, an investor since the seed round, […]

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Oura’s $924m loss is the price of buying back its own shares

Oura filed to go public on Nasdaq on 3 September, and the coverage split within hours. Reuters reported that the smart ring maker had recently turned profitable. The Wall Street Journal told its readers the same. Bloomberg’s Subrat Patnaik led on a loss of $924.3m. Business Insider’s Kelsey Vlamis carried both figures without reconciling them. […]

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Oura’s $924m loss is the price of buying back its own shares Read More »

Uber put $100m into the company that hired Anthony Levandowski

Uber has put $100m into a company that just hired Anthony Levandowski. His theft of Google’s self-driving secrets cost Uber a fortune, and it helped end Travis Kalanick’s time as chief executive. The company is Atoms, Kalanick’s new venture. Rafe Rosner-Uddin reported the arrangement for the Financial Times on Sunday. He cited people familiar with […]

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Zoox asked NHTSA for permission and got it. Tesla certified itself, and now has a federal investigation.

Tesla shares fell around 6% after a Cybercab update that landed badly and after NHTSA opened an investigation into how the company certified a vehicle with no steering wheel, pedals or mirrors. Amazon’s Zoox petitioned for an exemption and was approved in July; Tesla self-certified and did not petition. The complication is that NHTSA is […]

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Zoox asked NHTSA for permission and got it. Tesla certified itself, and now has a federal investigation. Read More »

Every binding AI review Washington has proposed has come back voluntary. Zuckerberg reportedly rang Trump about the latest one.

Mark Zuckerberg raised concerns about a proposed national AI regulator in a previously unreported call with Donald Trump in mid-August, Politico reports. The two options still on the table are a FINRA-style body funded by the firms it would oversee and an MPA-style voluntary ratings scheme, so the debate is over how much self-regulation rather […]

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Every binding AI review Washington has proposed has come back voluntary. Zuckerberg reportedly rang Trump about the latest one. Read More »

Nobody can predict Amazon’s ad reserve prices, including Amazon. That is the defence.

The Federal Trade Commission and 22 states sued Amazon in Seattle on 31 August, alleging it inflated auction prices for Sponsored Products, Sponsored Brands and Sponsored Display, and generated more than $20bn in additional advertising costs since 2019. As CNBC reported, regulators say 1.2 million advertisers were affected, including more than 500,000 small and medium businesses. […]

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Nobody can predict Amazon’s ad reserve prices, including Amazon. That is the defence. Read More »

YouTube has removed 20 channels after Semafor traced an AI news network that hired real actors

YouTube has terminated 20 channels in a network that paid gig-economy actors $26 a video to read AI-generated scripts attacking Democratic politicians. The network reached 45 million views because putting a real face in front of an AI pipeline defeats every synthetic-media detector platforms have built. Enforcement came only after Semafor and Riddance AI published, […]

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YouTube has removed 20 channels after Semafor traced an AI news network that hired real actors Read More »

Wacker weighs closing Tennessee polysilicon plant after Trump tariffs, Reuters reports

A German chemicals company is considering closing the American plant that Washington’s new polysilicon tariffs were supposed to protect. Wacker Chemie has lost its last two customers for the material since the measures were announced and is weighing the future of a factory in Charleston, Tennessee, that employs about 600 people, Reuters reported in an exclusive. […]

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Wacker weighs closing Tennessee polysilicon plant after Trump tariffs, Reuters reports Read More »

South Korea confirms chip investment talks with US as tariff threat grows

South Korea negotiated tariff protection for its chipmakers, and Washington is pressing for American factories anyway. Semiconductor investment is now part of the broader talks between the two governments, a presidential official in Seoul has confirmed. The confirmation was reported by Reuters, and it follows Washington signalling plans for targeted tariffs on semiconductor imports. Howard Lutnick has […]

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South Korea confirms chip investment talks with US as tariff threat grows Read More »

Texas Republicans are running against data centres, and both Senate candidates want the same water rules

Texas spent a decade telling data centre developers they were welcome. Now its Republicans are competing over who can regulate them most aggressively, a shift that Reuters reports has put Big Tech on notice in the state that hosts more data centres than any other. The change is showing up on the ballot. Data centres […]

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Texas Republicans are running against data centres, and both Senate candidates want the same water rules Read More »

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