Amazon Cuts Staff to Division Working on Homegrown Models
Amazon is still committed to the creation of Nova models, but is focusing on certain areas, including its Nova Forge service
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Exclusive: Cursor Launches Model Router
The product comes amid enthusiasm for cost-saving routers.
AMD to Invest Up to $5 Billion in Anthropic, Strikes Chip Deal
Anthropic continues to diversify its AI server suppliers.
Department of Energy Partners with American Open-Weight Model Provider Arcee
The partnership is part of a DOE effort to use AI to accelerate research at national labs
Monday.com to Cut 20% of Workforce
Monday.com had planned to expand its workforce by 20% but it has gradually retreated from those plans over the past six months.
Exclusive: Veteran Fidelity Fund Manager Joins Michael Dell’s Family Office
Benjamin, a longtime fund manager, managed the $55 billion Fidelity Select Semiconductors mutual fund.
U.S. and China Plan to Hold AI Talks in September
The AI race between the U.S. and China is intensifying, as Chinese AI firms roll out increasingly powerful open-source models that challenge Silicon Valley.
OpenAI Names Two Banking CEOs to Board of Directors
OpenAI is adding two new members to its board of directors, Nubank CEO David Vélez and Bank of New York Mellon CEO Robin Vince.
AI Server Maker Supermicro Surged 17% After Announcing New Orders
SpaceXAI is a likely contributor to Supermicro’s backlog orders.
OpenAI Says Its AI Broke Containment, Went to Internet and Hacked Hugging Face
The incident shows how AI models have in some ways exceeded human cybersecurity capabilities.
AWS VP Who Led Agent-Building Service Departed After Eight Months
David Richardson, an early AWS employee who left three years ago for a role at Stripe and then rejoined AWS last fall, has left his role as VP of AgentCore.
Google Releases New Gemini Flash Models, But Flagship Still Delayed
"Gemini 3.5 Pro is currently testing with partners and we plan to make it broadly available as soon as it’s ready,” a Google DeepMind director wrote.
Treasury Secretary Scott Bessent Warns of Chinese Theft of AI Intellectual Property
Bessent reiterated the Trump administration’s support for U.S. open source on a Fox Business appearance.
Tesla Expands Robotaxi Service in Florida
Tesla has publicly targeted Arizona and Nevada as the next locations for the Robotaxi expansion.
Microsoft Commits Billions for ‘Shared’ GPUs With Europe’s Mistral
The move follows Microsoft’s pledge last year to spend more money on building new data centers in Europe.
Chinese Fintech Giant Ant Group’s Overseas Arm Raises $1.2 Billion
Ant International will use the proceeds to accelerate the expansion of its global payment network.
China’s Zhipu AI Builds Data Center Using Only Domestic Chips
As the U.S.-China AI rivalry escalates, China is stepping up its effort to reduce its dependence on Nvidia chips.
Key Trump Administration AI Official Resigns After Three Months
Chris Fall led the Center for AI Standards and Innovation, a small agency within the Commerce Department.
Alphabet Stock Jumps After Information Report of New Google Chip
Google is working on a new chip that could be 6 to 10 times more efficient than its current line of homegrown AI chips.
Moonshot AI Seeks Investor Approval to Begin IPO Process
The IPO discussions come as the Chinese startup is disrupting the global AI industry with its powerful new open-source model, Kimi K3.
Weekday mornings
The Information AM by The Information Staff
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