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News
Forget NVDA: Peter Thiel's New $419 Million Portfolio Bets Big on the Power Behind AI
1+ day, 4+ hour ago (41+ words) Peter Thiel‘s investment firm, Thiel Macro LLC, disclosed a $418.67 million equity portfolio across eight companies in the second quarter, bypassing semiconductor manufacturers to allocate capital toward electrical grid operators, nuclear developers, tech infrastructure, and conventional energy. Rebuilding Capital in......
Oracle to Spend an Additional $700 Million on More Job Cuts
1+ day, 4+ hour ago (29+ words) Oracle Corp. increased the scale of its planned job cuts while the company grapples with a cash crunch tied to development of large-scale data centers for artificial intelligence work....
Oracle's AI Chips Ran 97.9% Utilized Last Quarter. For Nvidia, That Is What a Shortage Looks Like.
12+ hour, 35+ min ago (697+ words) Most of those chips are Nvidia's. Oracle's cluster design for its biggest AI deployments connects hundreds of thousands of Nvidia GPUs, and its largest planned builds target up to 800,000 of them. So while Nvidia didn't report this week, a company…...
OpenAI IPO Won’t Happen Until 2027, Sam Altman Tells Fortune
5+ hour, 58+ min ago (20+ words) OpenAI will not go public in 2026, Sam Altman told Fortune Magazine in an interview, citing need for safety-related work....
Q&A: Kirkland & Ellis on AI and its deal with Palantir
1+ day, 4+ hour ago (685+ words) Private equity advisers are racing to leverage AI and automate the services they provide to fund managers and their investors. Law firms, such as Kirkland & Ellis, have been among the most active adopters. The dominant name in private fund formation…...
EXCLUSIVE: Anthropic’s $1.2 Trillion Valuation Has A SpaceX Problem: Scarcity, Not Fundamentals
12+ hour, 35+ min ago (433+ words) Anthropic's soaring private-market valuation may say as much about the scarcity of its shares and the broader frenzy around artificial intelligence as it does about the company's underlying fundamentals, Coin Bureau founder and cross-asset analyst Nic Puckrin told Benzinga. A…...
How Navy Federal harnesses AI to confront scam activity
2+ day, 5+ min ago (541+ words) Although the financial services industry has gotten better at thwarting fraud, it "squeezes the crime balloon," spurring criminal effort and energy to be directed toward harder-to-detect scams, a Navy Federal Credit Union executive said. "The puzzle for fraud is really…...
Hyundai Motor Group Accelerates Autonomous Driving Innovation with AI-Powered Data Flywheel
12+ hour, 35+ min ago (355+ words) Hyundai Motor Group (the Group) announced that it has put its Data Flywheel into full operation, marking a new phase in its autonomous driving technology strategy. The system creates a virtuous cycle of data collection, AI training, validation and deployment…...
AI’s HBM Shortage Strengthens Micron’s Hand—and Pressures Nvidia’s GPU Economics
1+ day, 13+ hour ago (487+ words) One of the biggest bottlenecks in the AI chip market has become high-bandwidth memory. Reuters reported September 10 that Chinese AI-chip makers including Huawei and Cambricon are raising accelerator prices because high-bandwidth memory has become increasingly scarce. Huawei's upcoming Ascend 950DT has…...
Spear AI Earns BlueTIDE Maritime Defense Innovation Award
1+ week, 5+ day ago (200+ words) NEWPORT, R.I., Sept. 1, 2026 /PRNewswire/ -- Spear AI received the BlueTIDE Maritime Defense Innovation Award at Polaris Tech Bridge's BlueTIDE 2026 event, held Thursday, Aug. 27. Spear AI competed in the Counter UxS & Defensive Autonomous Systems technical focus area, which showcased solutions enabling the detection,…...