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Amkor is taking its Arizona chip packaging campus to $12bn

Amkor is roughly tripling the size of the chip packaging campus it is building in Arizona. The company announced phase 2 on Tuesday. It adds 60,000 square metres of cleanroom to the 33,000 already planned, taking the site to about 93,000 square metres, and lifts the total planned investment to approximately $12bn. Construction starts in […]

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Chime is paying $590m for its own sponsor bank

Chime is buying the bank that has held its customers’ money for seven years. The company announced on Tuesday that it has agreed to acquire Stride Bank of Enid, Oklahoma, for $590m in cash. Stride will become Chime Bank and operate as a wholly owned subsidiary. Closing should follow in the first half of 2027. […]

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Waymo robotaxis go live on the Lyft app in Nashville

Waymo’s driverless cars can now be booked through the Lyft app in Nashville, making it the first market where the same autonomous fleet is available through two competing rideshare platforms. The service covers central Nashville, including Downtown and Broadway, North Nashville and Germantown, East Nashville, Midtown and South Nashville. Riders can choose Standard, Priority Pickup, […]

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Pentagon AI chief says US allies lack the resources to keep pace

The Pentagon’s most senior artificial intelligence official has said publicly what allied defence ministries have been hearing privately for the past two years: they do not have the same resources as the US, and they are unlikely to catch up anytime soon. Cameron Stanley, the Department of War’s chief digital and artificial intelligence officer, made […]

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The rules for reviewing frontier AI models are secret. The companies that have read them are the big ones.

More than 25 organisations from left and right have written to the White House asking it to publish the voluntary framework governing pre-deployment review of frontier AI models. The framework was completed on 1 August and previewed only with a selected group of companies, with smaller and open-source developers largely excluded. The coalition argues secrecy […]

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US intelligence advisory names six Chinese AI firms and lists the US models each one targeted

Three US agencies have jointly named six Chinese AI companies as having systematically extracted capabilities from American frontier models since late 2024, in an advisory detailed enough to list which model each firm went after and how the requests were disguised. The National Security Agency, the FBI, and the Cybersecurity and Infrastructure Security Agency published […]

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Robinhood ranks last of 18 banks on the Oura IPO. The channel it just joined is being built for what comes next.

Robinhood has won its first IPO underwriting role, ranking last among 18 banks on Oura’s offering. The bigger shift is in retail distribution: SpaceX reserved about 20% of its deal for individuals and Fidelity cut its minimum order from $500,000 to $2,000. That channel is being completed just before the AI listings arrive Robinhood has […]

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The US asked Britain to drop its plan to promote trusted news

The United States has asked Britain to abandon a plan to make social platforms promote trusted news. Its central argument is not about Britain at all. The submission sits on the US Embassy website in London, dated 2 September. It answers a consultation on the government’s media Green Paper, which opened on 23 June. That […]

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Satellogic hires the former head of US spy-satellite intelligence as president

Satellogic has appointed Frank D. “Trey” Whitworth as president, giving the day-to-day running of a commercial Earth-imaging company to the man who directed America’s spy-satellite intelligence agency until 10 months ago. The appointment was announced today by the company. Whitworth, a retired US Navy vice admiral, directed the National Geospatial-Intelligence Agency from June 2022 to […]

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Altman sells startup optimism days after warning of ‘sobering’ AI

Sam Altman gave Axios two interviews four days apart. In the first he said the next generation of AI models would be “sobering for everybody”. In the second he said this is the best time in the world to start a company. Both were with the same reporter, Mike Allen. Both happened around the G20 […]

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