Kathy Hochul signed the executive order on Tuesday. Donald Trump was demanding she undo it by Wednesday. The order pauses construction of new data centres drawing 50 megawatts or more for up to a year, making New York the first US state to pull the bra…
Goldman Sachs booked $3.4bn in investment banking fees in the second quarter, a record, up 55% on a year earlier. Its chief executive has a name for what is driving it. “We are in the middle of an AI CapEx super cycle where there are demands on financi…
OpenAI has trained an elite hacker, then locked it in a cage. Its whole job is to break OpenAI’s own AI. The company says it is too dangerous to let anyone else near it. The model is called GPT-Red, and OpenAI detailed it this week. It is an automated …
For years, musicians have said AI song generators fed on their work without asking. A hacker just opened the black box and showed them exactly how. Leaked source code from Suno, one of the biggest AI music tools, tells the story. It trained its model b…
YouTube has appealed the landmark social media addiction verdict, joining Meta. Its argument: YouTube is not a social media platform. YouTube has a curious line of defence against the finding that it helped hook a child on its app. It says it is not a …
Apple built a trillion-dollar business on chips it designs itself. It cannot design the ones its AI needs fast enough, so it is going shopping. The iPhone maker is hunting for AI chip acquisitions, The Information reported. In recent months it has talk…
Walden Robotics has launched from stealth with $300m and a $1.1bn valuation. The Toyota spin-out builds humanoids for factories, and it left off the legs on purpose. “If you listen to the people on the factory floor, they aren’t ready, and they don’t w…
No name. No product. No confirmed funding. And, possibly, a $2bn price tag. That is the shape of the newest bet in AI drug discovery. Miles Wang, a researcher at OpenAI, is leaving to start his own company, TechCrunch reported. He is in talks to raise …
“We believe in keeping the weirdness alive.” That line comes from a manifesto Mira Murati’s lab published last week. It is also the thinking behind the lab’s first model. Thinking Machines Lab, founded by the former OpenAI chief technology officer, has…
Neko Health, the body-scanning startup from Spotify’s Daniel Ek, has raised $700m and is now worth about $7bn. It is heading to New York, backed by Mark Zuckerberg, Maria Sharapova, and will.i.am. “We’ve gone into markets where health care is free, and…