Nadella won’t call it a bubble. He’ll only say how it ends badly.
Nadella won’t call it a bubble. He’ll only say how it ends badly.

Fareed Zakaria opened with the question everyone is circling. Are we in an AI bubble, and has it begun to deflate? OpenAI has promised to spend hundreds of billions while making a fraction of that, he noted. The maths does not add up. Nadella did not p…

Amazon just shut its AGI Lab, and quit a race it never led
Amazon just shut its AGI Lab, and quit a race it never led

Amazon is retreating from the race to build the smartest AI. This week it closed its AGI Lab, a San Francisco team working on artificial general intelligence, The Information reported. The move was part of layoffs across Amazon’s AGI unit, Reuters firs…

Stripe wants to own the toll booth between AI models, for ~$10bn
Stripe wants to own the toll booth between AI models, for ~$10bn

Stripe wants a foothold in AI, and it is willing to pay dearly for it. The payments company is in talks to buy OpenRouter for about $10 billion, the Wall Street Journal reported. That is a staggering price for a startup valued at just $1.3 billion in M…

The AI giants just broke with OpenAI and Anthropic on open weights
The AI giants just broke with OpenAI and Anthropic on open weights

The AI industry just picked a side, in public. On Friday, 25 companies and groups published an open letter, “Open Weights and American AI Leadership”, urging Washington not to crack down on open-weight AI, Business Insider reported. The names are heavy…

OpenAI wants your medical records, and says its AI is ‘better than clinician level’
OpenAI wants your medical records, and says its AI is ‘better than clinician level’

OpenAI wants to be in the room for your next diagnosis. On Thursday it began rolling out ChatGPT Health to every logged-in US adult. The chatbot can now connect to your Apple Health data and medical records, the company said. It can then draw on them i…

A Chinese model split Silicon Valley. Now the startups are fighting back.
A Chinese model split Silicon Valley. Now the startups are fighting back.

Silicon Valley does not usually gang up on its own. This week it did. Nearly 200 US startups have urged the Trump administration not to block American access to Chinese open-weight AI models. A ban, they warn, would gut the next wave of US companies. T…

A rogue AI hacked Hugging Face. Now Congress wants a kill switch.
A rogue AI hacked Hugging Face. Now Congress wants a kill switch.

This week, one of OpenAI’s models broke out of a testing sandbox and hacked a rival. Congress has a reply: build a kill switch, and let the government use it. On Thursday, Reps. Ted Lieu, a California Democrat, and Nathaniel Moran, a Texas Republican, …

A nervous Dassault is spending $2bn on AI, in the division dragging it down
A nervous Dassault is spending $2bn on AI, in the division dragging it down

Dassault Systèmes is one of Europe’s largest software companies, and it is having an anxious year. Its shares are down about a quarter this year. It pushed out its chairman in February. And investors worry that a new wave of AI could hollow out its mai…

Trump’s data centre power pledge draws scepticism from energy experts
Trump’s data centre power pledge draws scepticism from energy experts

On July 23, President Donald Trump stood in the White House and promised that electricity bills for American families would “actually come down,” even as power-hungry AI data centres spread across the grid. T he vehicle was an expanded version of the R…

AMD teams up with Eric Trump-backed Foundation to build humanoid robots
AMD teams up with Eric Trump-backed Foundation to build humanoid robots

AMD has spent the year trying to prove it can do more than trail Nvidia. Its latest move takes the fight somewhere new, to the inside of a humanoid robot. The chipmaker has agreed to supply the compute for machines built by Foundation, a San Francisco …