Broadcom to lend Anthropic up to $42bn for its chips, Reuters reports
Broadcom has agreed to lend Anthropic up to $42bn to help pay for its AI infrastructure, Reuters reported on Thursday, citing Anthropic’s IPO prospectus.
The Next Web AI3 min read
United States
88 stories
As US relations fray, Canada gets serious about its own launch industry
The Canada Rocket Company gets serious about medium-lift launch.
Ars Technica1 min read
Kanu AI raises $11.7m to turn how staff work into software they own
Kanu AI has come out of stealth with $11.7m in funding. The Seattle startup builds software that runs inside a customer’s own cloud. Accel, BMW i Ventures and a16z speedrun joined a round led by Trilogy Equity Partners, the company said in a statement on Wednesday.
The Next Web AI2 min read
Restate raises $20m to keep AI agents running when software fails
Restate, a Berlin startup founded by the creators of Apache Flink, has raised a $20m Series A. It builds infrastructure that keeps AI agents and backend software running through failures.
The Next Web AI2 min read
Nvidia-backed GMI Cloud raises $668m as contracted revenue tops $600m
GMI Cloud, a Mountain View company that rents out Nvidia GPU servers, has raised $668m in new financing, the company said on Wednesday. That is $223m of Series B equity and a $445m credit facility. The Taiwanese bank CTBC led the credit facility.
The Next Web AI2 min read
McDonald’s uses AI to set an optimal price at each store, Reuters reports
McDonald’s is using an AI pricing engine to recommend what each of its nearly 14,000 restaurants should charge for every menu item, Reuters reported on Tuesday. The engine covers the US and some markets abroad.
The Next Web AI3 min read
OpenAI’s Greg Brockman drops his second $25m gift to an AI super PAC
OpenAI president Greg Brockman and his wife, Anna, have pulled out of a second $25m donation to Leading the Future, a super PAC that backs pro-AI candidates for Congress. Theodore Schleifer and Mike Isaac reported the move for The New York Times on Wednesday.
The Next Web AI3 min read
Texas politics may delay Chevron data centre decision, Semafor reports
A final investment decision on Project Kilby, a huge gas-powered data centre in West Texas, could slip from the end of this year to 2027 because of state politics. Tim McDonnell reported the news for Semafor on Thursday.
The Next Web AI2 min read
Meta tells the IRS its AI data centres are experiments, NYT reports
Meta tells the IRS that its AI data centres are an experiment that could fail, The New York Times reported on Wednesday. That lets Meta claim a research tax credit on the AI chips it buys. The credit cut almost $4bn off its tax bill last year.
The Next Web AI3 min read
Inside Binance Founder Changpeng Zhao’s Life After Prison
Changpeng Zhao, jailed in the United States for a financial crime and pardoned by President Trump, is now living a gilded life in the United Arab Emirates.
New York Times AI1 min read
Trump tells Axios that Jay Clayton would make a good AI czar
President Donald Trump has said that Director of National Intelligence Jay Clayton would make a good AI czar, Axios reported on Tuesday. Trump has said he wants to name a czar within three or four days. Maria Curi of Axios asked Trump who he wanted for the role. He said he had someone in mind.
The Next Web AI3 min readOpenAI seeks $30bn at a $1.4tn valuation as revenue nears $70bn
OpenAI is in early talks to raise at least $30bn at a valuation of around $1.4tn, before the new money. Bloomberg and The Information reported the talks on Tuesday. The round would give the ChatGPT maker fresh capital after it pushed back its stock market listing.
The Next Web AI3 min read
US lawmaker asks five AI firms how they guard model weights from China
US Congressman Ro Khanna has asked five leading American AI companies to share what they know about attempts by China or other hostile actors to steal their model weights. The letters went to the chief executives of OpenAI, Anthropic, Google, Meta and SpaceX, Reuters reported.
The Next Web AI2 min read
Zuckerberg drafted Trump’s AI accord, but Microsoft and Amazon didn’t sign
Mark Zuckerberg came up with the AI safety accord that President Donald Trump signed on Tuesday, Semafor and Politico reported. He also circulated the draft. Microsoft and Amazon did not sign it. Satya Nadella and Jeff Bezos both attended the White House lunch where the CEOs agreed it.
The Next Web AI4 min read
Suspected Chinese hackers posed as US AI insiders, Proofpoint says
A group of hackers believed to have been acting on behalf of China pretended to be well-known American AI experts to obtain the email accounts of people who specialize in AI policy. According to Reuters, the security firm Proofpoint released the findings on Thursday.
The Next Web AI2 min read
OpenAI flags Chinese-linked effort to extract AI model reasoning
OpenAI says it identified an attempt to extract protected reasoning from its AI models, linking part of the activity with China’s Moonshot AI.
CNBC — Technology2 min read
Grindr expands beyond dating with $250 million telehealth acquisition of PurposeMed
Grindr is buying PrEP provider Freddie for $250 million, expanding into healthcare and seeking to make HIV prevention more accessible to its users.
CNBC — Technology4 min read
Musk, Luckey and Gingrich get 120 days to map America’s future wars
Elon Musk, Palmer Luckey and Newt Gingrich will co-direct Project Meridian. The Pentagon study will identify the technology the US military needs to fight future wars. Secretary of War Pete Hegseth commissioned it on Wednesday, the Department of War said.
The Next Web AI3 min read
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