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The ‘Tokenmaxxing’ Tide May Already Be Turning

The ‘Tokenmaxxing’ Tide May Already Be Turning

At tech giants like Meta Platforms, employees may have embraced the idea of “tokenmaxxing” as a way to show off how dedicated they are to using AI in their jobs. Don’t expect businesses beyond the deepest-pocketed tech giants to follow their lead, though. As The Information reported on Monday, employees inside Meta have been competing to see who could rank highest on an internal leaderboard called Claudeonomics as the most prolific user of tokens—a basic unit of AI consumption companies...

OpenAI Stargate Execs to Join Meta’s New Compute Unit

The executives will support the newly formed AI unit, TBD Lab.

CoreWeave Strikes Multi-Year Deal with Anthropic

CoreWeave says it will provide compute to Anthropic starting later this year

Hong Kong Approves StanChart-Led Group, HSBC to Issue Stablecoins

Two banks will issue Hong Kong dollar-pegged stablecoins in the second half of 2026.

Tesla Can Sell Driving Software in Netherlands in Step Toward EU-Wide Sales

The Netherlands is the first country in the EU to approve the driving software.

Powell, Bessent Said to Invite Bank Leaders to Discuss Anthropic’s Mythos

Anthropic has said the unreleased model has already found thousands of high-severity vulnerabilities.

Anthropic Considers Designing its Own Chip

Developing in-house silicon would take significantly longer than striking additional cloud deals to ease its near-term compute constraints.

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Google Will Use Intel Chips in Data Centers

The announcement is a win for Intel, which received a $9 billion investment from the U.S. last fall after its shares dropped more than 50% in 2024.

OpenAI Tweaks AI Coding Agent Pricing Amid Rising Use

Sellers of AI have been tweaking their pricing models to balance price against the high cost of running the software.

Exclusive: Meta Reassigns Engineers to Improve AI Models

The moves are aimed at helping Meta bring its models to state-of-the-art performance more quickly and “compete in the AI race.”

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Exclusive: Mercor Hit Over $1 Billion in Annualized Gross Revenue Before Breach

The growth occurred before the startup was impacted by a supply chain attack involving open-source project LiteLLM.

CPU Startup SiFive Raises $400 Million

The SiFive funding round was led by Atreides Management with participation from Apollo Global Management, Nvidia and others.

Amazon Considers Selling AI Chips Beyond AWS

Chips business hit an annual run rate of more than $20 billion.

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Meta Expands Cloud Deals With CoreWeave to $35 Billion through 2032

Earlier this year Meta signed a deal to spend up to $27 billion renting Nvidia chips from cloud provider Nebius.

Tesla Considers Producing Smaller, Cheaper SUV

The plan would be a serious reversal for Tesla—in 2024, CEO Elon Musk killed a plan for a $25,000 SUV to focus instead on robotaxis and humanoid robots.
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