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China’s AI Model Race Is Just Getting More Crowded

Imagine Epic Games, Apple and DoorDash were developing their own large language models now from scratch to compete against the likes of OpenAI and Anthropic. That’s basically what’s happening in China, where a trio of big names from other parts of the tech industry have jumped into an already-crowded race to make cutting-edge AI. MiHoYo, a Shanghai-based videogame maker behind such hits like Genshin Impact, is developing its own LLMs with the goal of becoming a top-tier lab in China in the...

SoftBank’s Son Seeks $100 Billion From Gulf Investors for AI Bets

SoftBank previously raised money from the region for its first $100 billion Vision Fund in 2017.

Nvidia-Backed Firmus Scraps $5 Billion Australia IPO as Markets Wobble

The retreat comes as Nvidia rethinks a program that backs chip purchases by smaller cloud companies like Firmus.

South Korean Banks Were Hacked Using Chinese AI Agent, Researchers Say

Autonomous agents and highly capable open-source models are enabling hackers to execute large-scale cyberattacks.

Anthropic Announces Broader Cyber Defense Program

The company will offer support to critical infrastructure operators and free vulnerability scans for open-source software.

SpaceX Announces Plans That Could Take Aim at Major Mobile Carriers

SpaceX’s Starlink Mobile service could evolve from filling in gaps in existing cellphone networks to competing more directly with traditional US wireless carriers.

OpenAI’s Annualized Revenue Neared $50 Billion, Lower Than Past Reports

OpenAI revenue is growing, just not as quickly as some reports.

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Waymo Closes $5 Billion in Debt Financing

Alphabet's self-driving rideshare company earlier this year closed a $16 billion equity investment.

OpenAI Researchers Say They Were Fired for “Prioritizing Safety”

They said the reasons given for their firing were pretextual and remaining employees are now concerned about their own jobs.

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White House Suspends Visa Program for Microsoft, Other Tech Firms

Microsoft said in a statement it pays H-1B employees the same as other employees and primarily sponsors visas for immigrants already working in the U.S.

Exclusive: Former Omidyar CEO Founds AI Investor Network

The trust is backed by about $25 million in initial funding.

Amazon Lays Off Hundreds in Stores Division

The layoffs follow mass layoffs in the past year—Amazon laid off 14,000 people in October and another 16,000 in January.

Former White House AI Adviser Sriram Krishnan Raising a Venture Fund

Krishnan plans to focus on investments in U.S. AI companies in areas such as national and cyber security.

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U.S. Treasury Issues First Fine Over Outbound Investments in China’s Tech Sector

The parent company of startup accelerator Plug and Play Tech Center was fined $200,000 for failing to notify the government of an investment in a Chinese robotics startup.

Microsoft Debuts Nvidia-Powered PCs with On-Device AI, Following Apple’s Breakout Hit

Microsoft's Copilot software will now automatically use local AI models for some tasks to bring down costs.
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