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Khosla-Backed Startup Claims Breakthrough With Largest-Ever AI Model on an iPhone

Apple is on a quest to shrink powerful AI models to run on iPhones, which could cut down on cloud computing costs and enhance user privacy. But a small startup that emerged from stealth mode earlier this year says it recently got an AI model running on an iPhone bigger than any previous mobile model. The startup, PrismML, said it has shrunk down Qwen 3.6, an open-source large language model developed by Chinese internet giant Alibaba, to run on an iPhone 17 Pro. The model has 27 billion...

Anthropic Responds to China’s ‘Backdoor’ Warning

While Beijing warned about a security backdoor in Claude Code, Anthropic noted that its usage policy doesn’t permit access to Claude in China.

Exclusive: Grubhub Owner Offers Investors Sweeteners in $9 Billion-Valuation Raise

Founder and CEO Marc Lore has indicated he’ll write a $200 million check into the round, according to a person briefed on the fundraise.

BofA Extends $520 Million Loan to OpenAI

The bank had sat out OpenAI's 2024 credit line.

SpaceXAI and Cursor Launch Grok 4.5, Tout Lower Costs Than Rivals

Grok 4.5 is the first joint AI model that SpaceXAI and Cursor have developed through their partnership.

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Blue Origin to Raise $10 Billion at $130 Billion Valuation

The round, the first outside funding in its history, will be led by Coatue.

Exclusive: China’s MiniMax Plans to Launch 2.7-Trillion Parameter Model

The new model could help accelerate the expansion of Chinese open-source AI models around the world.

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OpenAI To Publicly Launch GPT-5.6 Family of Models on Thursday

The announcement comes after the Trump Administration initially asked OpenAI to release the new models in a limited fashion over cybersecurity concerns. 

Former AWS Government Sales Chief Joins Anthropic

Anthropic hires an AWS sales leader who played a key role in landing one of the most important agreements in cloud computing's history.

Exclusive: SpaceXAI Plans to Launch New Model with Cursor as Soon as Wednesday

Elon Musk said last month that SpaceX and Tesla staff were testing the jointly developed model.

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SpaceX stock slides Nearly 7% as it joins Nasdaq 100

The decline comes even as index-tracking funds are expected to increase demand for shares of the rocket ship company.

Amazon Looks to Raise $25 Billion in US Bonds

The company has already raised around $79 billion in debt in the past year
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