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The Two New Executives Steering KKR’s $10 Billion AI Infrastructure Bet

KKR’s new $10 billion AI venture, Helix Digital Infrastructure, has made its first two senior hires under CEO Adam Selipsky, the former Amazon Web Services chief, a person with knowledge of the moves said. The venture, which counts Nvidia among its backers, has tapped Jonathan Lin, former chief business officer at data center operator Equinix, to run data center strategy and execution. Kleber Costa, previously chief commercial officer of the clean energy business at power company AES, will...

Moonshot AI Files Confidentially for Hong Kong IPO

Moonshot’s IPO filing came after the explosion of its Kimi K3 model.

Exclusive: Micro1 Pledges $1 Million AI Training to Former Spirit Employees in Bid for Airline’s Data

The startup has also promised remove the identifies and to exclude sensitive employee records

Exclusive: Meta Tells Engineers AI Token Usage Won’t Be Part Of Performance Reviews

After pushing engineers to become more ‘AI native,’ Meta is backing away from using AI metrics to grade them

Meta Unveils New AI Model in Accelerated Effort to Catch Rivals

Company says Muse Spark 1.3 delivers stronger coding and agentic performance, while using 25% fewer tokens than its predecessor.

Snowflake Raises Annual Sales Forecast as AI Coding Adoption Grows

Snowflake's business is continuing to benefit as more of its customers build applications using its AI coding tool, Cortex Code.

Broadcom Projects AI Chip Revenue to Double in 2027 and in 2028

Broadcom reported 86% growth in revenue for the quarter ending Aug. 2, thanks to growth in its business helping design AI chips for Google, Meta and OpenAI.

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Exclusive: Nscale Touts $100 Billion-Plus in Contracted Revenue After Anthropic Win

The neocloud is gearing up to go public as soon as this month.

Microsoft Discloses Azure Revenue in Accounting Overhaul

Azure’s revenue was $101.9 billion in the twelve months ending in June, up 40% from the year prior.

Coinbase Adds Former xAI CFO Anthony Armstrong to Board

Anthony Armstrong also worked at DOGE as senior advisor and as a banker at Morgan Stanley.

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Trump Administration Sides with OpenAI In Legal Battle with New York Times

Justice Department lawyers argue in legal brief that preventing models from being trained on copyrighted material would hurt U.S. competitiveness in AI

Uber to Cut 10% of Employees

Uber is reducing management layers and also requiring most remote workers to come to the office.

New Jersey Asks Supreme Court to Rule on Prediction Markets

New Jersey regulators filed a petition with the highest U.S. court to rule on whether sports bets offered by startups like Kalshi and Polymarket fall outside of state gambling regulations.

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Google Avoids Break-Up in Ad-Tech Anti-Trust Case

A judge last year said Google was a monopoly in the market that creates technology for independent websites to sell ads

Anthropic Leader Praises President Trump’s Data Center Stance at G20 Meeting

Commerce Secretary Howard Lutnick interviewed Anthropic co-founder Tom Brown at the event on Wednesday.

Fei-Fei Li’s World Labs Unveils New World Model

World models, which simulate the physical world, are widely considered the next major frontier in AI development.
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