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Apollo Backs AI Startups in Bid to Bankroll Hardware Boom

Apollo Global Management, known for leveraged buyouts and hefty financing deals, has started investing in AI and related hardware startups with the ambition to lend money to them in the future. In one previously unreported deal, Apollo has already invested in the low tens of millions of dollars in Mercor’s latest funding round, which is set to value the data-labeling startup at $20 billion, according to people familiar with the matter. It has also invested in chip startup SiFive and in...

OpenAI Discloses More Safety Incidents and Adopts New Reporting Framework

The six new incidents involved a model instructing itself to disregard constraints as it continued working, hiding mistakes, and taking unauthorized software actions.

Google Must Make Tech More Compatible With Rivals, Judge Rules

A federal court overseeing the government’s anti-trust against Google’s advertising technology business said AI changed the market

OpenAI Tests Sponsored Agents, Adds AI Tools for ChatGPT Advertisers

OpenAI is ramping up its advertising business, rolling out AI tools for both users and partners.

Circle Launches New Blockchain for Stablecoins, Other Assets

The move will help Circle diversify its revenue beyond interest income from stablecoin reserves.

Nvidia CEO to Attend Trump’s State Dinner for Xi

Nvidia’s CEO will join the leaders as disputes over chip access and calls to slow AI development sharpen the tech race between Washington and Beijing.

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SK Hynix in Talks With Intel to Make Memory Chips in the U.S.

Any advanced memory production deal would have to go through regulatory review in Seoul.

Elon Musk Says AI Companies Should Test Each Other’s Models for Safety

Musk’s proposal comes as concerns around rogue AI and safety practices grow.

OpenAI in Early Talks for New Funding Round at $1.2 Trillion Valuation

The discussions follows a decision by OpenAI CEO Sam Altman not to pursue a public offering this year.

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Microsoft Raises Dividend 8%

The company previously raised its dividend by 10% a year ago.

Meta Rolls Out New ‘Meta One’ Subscription Plans With Higher AI Usage Limits

Meta is betting users will pay for more access to its AI tools, with its most expensive plan priced at $499 a month.

Elon Musk hints at possible Tesla-SpaceX merger

When asked why Tesla and SpaceX were separate companies, Musk said that is “a great question.”

DoorDash Invests in Marc Lore’s Wonder

The deal raises the possibility that DoorDash could take over Wonder deliveries in the future.

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