Companies, products, and big moves
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The industry's pacing consensus turned concrete within hours of Dario Amodei's essay — and it turned concrete on the one number Wall Street actually cares about: the listing date. Sam Altman told Fortune that OpenAI will not go public this year, saying "given everything happening with
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China's EV price war now runs on model names, and Volkswagen's Chinese joint venture just added one to the list. Volkswagen Anhui launched the refreshed ID. UNYX 08 lineup on September 12, headlined by a new range-topping edition that debuts the latest generation of the
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Nvidia is in talks to invest up to $10 billion in Anthropic's planned IPO, according to two people familiar with the discussions who spoke to Reuters. The listing itself would be the largest ever: Anthropic is seeking to raise as much as $100 billion at a valuation of
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Day two at Shanghai's Inclusion·Bund Conference, and the loudest argument of the morning was about who gets to run the agent sitting on your face. Ant Group upgraded GPASS, its trusted-connection framework for smart terminals, into LingYing — an "agent-native operating system" and open
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Two demand numbers landed today that say where AI compute is actually going, and a law takes effect tomorrow that decides who gets to keep the chip know-how behind it. China's annual token consumption is expected to hit 100 quadrillion this year and exceed 35 quintillion by
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Moonshot AI's legal team broke its silence on a rumor that had been swirling across Chinese social media since yesterday — and the response tells you exactly how fragile reputation gets when geopolitical accusations and unverified chat screenshots collide. Moonshot AI published a formal legal department statement on September
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Shanghai's Inclusion·Bund Conference closed on Friday with China's agents doing the boring things — paying for fuel, tolls and movie tickets — and the numbers attached were bigger than the demos. Ant Group's in-car agent just took over the parts of driving that involve
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Europe's AI infrastructure ambition just got its first physical site: Nokia has stopped talking about an AI gigafactory in the abstract and started buying land for one. Nokia Solutions and Networks has signed a preliminary agreement to acquire a city-owned plot in the Toppila district of Oulu,
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The AI buildout has outgrown the insurance market meant to cover it — and the fix is about to be sold to hedge funds. This hour: the first data-center catastrophe bond is now a live design project, and a stealth radiology practice is betting that owning the clinic beats selling
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Robot brains and AI infrastructure drew the money this hour: a Chinese embodied-model lab run by two of Li Auto's most senior AI executives closed a nine-figure angel round, and one of OpenAI's most visible former leaders resurfaced on the board of a data-
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The money chasing physical AI just moved from the robots to the data that teaches them. Mecka AI, a two-year-old startup that pays people to record everyday tasks for humanoid-robot training, is reportedly nearing a Sequoia-led round at roughly a $500 million valuation — its second raise
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Jeff Dean is raising money again for Discovery Loop — this time seeking a valuation of around $50 billion, according to people familiar with the matter. A few weeks ago, the startup from Google's former chief scientist was raising $1 billion at roughly a $10 billion valuation. If the