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Elon Musk will change the name of SpaceX’s AI unit, SpaceXAI, to SpaceXSI, he said in a post on X on Sunday, adopting President Donald Trump’s preferred name for AI. Musk had already signaled his agreement with Presidnet Trump that Super Intelligence, or SI, is better than the commonly used AI ...
When Anthropic shared financial figures recently with prospective investors in its planned initial public offering, it included a surprising glimpse of the enormous riches about to hit nonprofits and philanthropies—and the cost to shareholders. The company reported a non-cash expense of more than…
The Trump administration’s new AI task force plans to produce a report on the risks and opportunities of artificial intelligence within 120 days, according to an interview with the newly announced “AI czar” Jay Clayton on Saturday in the Wall Street Journal. Clayton also serves as the director ...
• The Big Read: Why a legal blitz over AI hacks is inevitable • Sean Parker’s quiet resurrection job • Plus, Recommendations—our weekly pop culture picks: “ The Permanent Questions ,” “ This Cursed Beautiful Land ” and “ East of Eden ” The AI titans probably all fly private. But if any of them did…
Once just an element of science fiction, revelations of AIs gone rogue are increasingly everyday occurrences. As a result, Silicon Valley founders and executives are girding themselves for what they see as the inevitable: a cascade of legal action. One of those people is Paul Grewal, chief legal…
OpenAI is continuing to fill out its leadership bench with former Trump administration officials. Thomas Lind, who previously led AI policy at the Office of the National Cyber Director, joined OpenAI this week, an OpenAI spokesperson confirmed. ONCD is a key office within the White House that…
Anchorage Digital, the first federally chartered U.S. digital-asset bank, has cut 17% of jobs, CEO Nathan McCauley told employees this week, according to people familiar with the matter. Anchorage, which provides crypto custody and issues stablecoins, including Tether’s new U.S. stablecoin USAT ...
AI cloud company Lambda said it has secured its first delayed draw term loan at over $1 billion to purchase more than 30,000 Nvidia graphics processing units. The fixed-rate facility carries an interest rate of 6.78%. Privately held Lambda said in an announcement late on Thursday the facility ...
To the music industry, Sean Parker has been many things. As co-founder of Napster, he was first an “outlaw renegade,” as he himself puts it. After his time at Facebook, his next act was as an early Spotify investor—putting in money while at Peter Thiel’s Founders Fund—and as a longtime Spotify…
Debt financing for data centers and related infrastructure has grown rapidly enough that it’s become its own category these days—credit analysts are breaking out AI versus non–AI-linked debt across markets to analyze new issuance and performance. Several asset managers in recent months have filed…
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