AInauten News - curated AI news
New electricity generating capacity would enable north-east to attract investment for large-scale AI infrastructure National Grid has taken a step towards building Britain’s biggest electricity substation on Teesside, which could supply power to a vast neighbouring datacentre as the UK races to expand its AI infrastructure. Last week, the company agreed to purchase 29.5 hectares (73 acres) of land at Dorman Point on a site owned by Teesworks, a local pr…
Fraudsters are using the identities of high school graduates who skipped college to apply for student loans and steal the excess proceeds that do not go to schools. They use AI to keep the charade going and make it seem like the fake student is actually going to class.
Anthropic, the creator of Claude, filed to go public on the US stock market on 26 October. The company's filing statement contains a 92-page risk factor document in which it acknowledges the dangers that AI poses to society and human beings, and factors that could negatively affect Anthropic's business.
AstraZeneca Chief Financial Officer Aradhana Sarin says the drug company now uses AI in almost every aspect of its work. In an interview on Bloomberg Surveillance, she discusses the company beating earnings expectations, the state of its drug pipeline and its ongoing restructuring plan. Sarin also explains how AstraZeneca approaches dealmaking as it reshapes the business.
Scraping copyrighted material from internet could ‘potentially’ amount to acquisition of property by government, Anne Twomey says Get our daily political email, free app or daily news podcast Altering copyright law to allow AI companies to scrape music, books and journalism could trigger a constitutional breach, Coalition senators and the recording industry have warned, as they raise new fears it could open Australia to massive legal action and compensa…
Central and Eastern Europe offers one of the most attractive opportunities in emerging markets as investors look to diversify from the artificial intelligence trade, supported by improving ties with the European Union and a growing pipeline of investment, according to Morgan Stanley’s Paul Psaila.
Creating an Excel dashboard with Microsoft Copilot allows you to streamline the process of turning raw data into actionable insights. Kevin Stratvert demonstrates how to use Copilot to automate key steps, such as generating interactive charts and calculating essential metrics like total revenue and average order value.
The core businesses of America’s technology giants — the advertising, consumer and retail machines propping up a collective $750 billion in AI spending this year — are starting to show signs of slowing. In some cases, they’re being cannibalized by the very technology the firms are betting the house on.
SpaceX has locked in a binding commitment for roughly $40 billion in financing to pay for AI chips and related data center equipment, the company disclosed in a regulatory filing Monday. In a statement, SpaceX called it the “largest committed GPU financing” ever.
has said demand for its cloud services is increasing at a rapid clip, pointing to growth in its backlog, or cloud contracts it hasn’t yet fulfilled. However, more than a third of that quarterly growth comes from a joint venture the company partly owns.
Market debut of AI company behind Claude chatbot will be one of largest in US history, a test of the AI boom’s financial viability Anthropic has publicly filed for a stock market listing in what is slated to be one of the largest debuts in history. The company’s float on the US market will serve as a test of the financial viability of the multitrillion-dollar AI boom.
Hosted by TechCrunch in partnership with Fidelity Private Shares, the full-day event goes beyond fundraising and AI to explore the realities of finding customers, building teams, sharpening a pitch, developing founder leadership, and scaling companies both inside and outside traditional startup hubs.
Tech firm announces two-part fundraising after Elon Musk warns hundreds of AI startups face collapse Business live – latest updates Mark Zuckerberg’s Meta has announced plans for a $95bn (£71bn) fundraising to cover its AI expenditure, even as Elon Musk warned that funding for smaller players in the sector was drying up. The owner of Facebook, Instagram and WhatsApp is a leading investor in AI and is ploughing multibillion-dollar sums into datacentres,…
AI companies are starting to pay for content that shows up in their answers, Fast Company writes. The piece argues that the case for also paying for the wider library behind those answers, the archives and sources that shape what a model knows without being quoted directly, is stronger than it looks. It frames this as a largely invisible layer of value in AI products.
America's largest banks are working to prevent worst-case AI scenarios and are also preparing for the day after a catastrophe, Axios reports. Financial institutions have joined major AI companies in scenario planning for disaster, which Axios calls a prudent but worrying signal of the risks large corporations see ahead.
SpaceX and Tesla have formed special committees to discuss a merger, and The Verge's commentary is sharply skeptical. SpaceX's credit risk is already high because it plans to borrow another $40 billion to spend on Nvidia chips. The author argues that how compelling the deal looks depends largely on whether one believes Elon Musk's stated goal of going to Mars, which he repeated on this week's SpaceX earnings call.
LightOn has developed ColGrep Agent, a local-first plugin that improves code search inside Claude Code, Geeky Gadgets reports. Using a model with two billion parameters, it translates natural language queries into precise results, including file paths, line ranges and code snippets. A key feature is that it runs entirely on local hardware, which keeps code private.
Anthropic, OpenAI and Nvidia each had their highest-spending lobbying quarter between July and September, federal disclosures show, according to The Verge. Nvidia spent the most at $2.2 million, followed by Anthropic at $2.1 million and OpenAI at $1.5 million.
OpenAI has acquired Orchestra Bio, a startup building AI agents that help pharmaceutical companies manage drug development, Axios reports. OpenAI will integrate Orchestra's team and technology into Rosalind, its suite of AI models and tools for life sciences researchers.
Meta says it will issue a new class of non-voting shares to fund its AI initiatives, announced alongside its third-quarter earnings report. The stock will also go toward potential acquisitions and employee compensation, with trading set to begin in 2027. Meta said the scale of investment required to compete and expand infrastructure during the AI transformation is significant.
AI is changing the dynamics of marketing teams and creating demand for new roles, Geeky Gadgets reports, citing the podcast Marketing Against the Grain. Three roles are described as critical in this shift: the Growth Producer, who runs experiments to drive reach, the Internet Comedian, who creates entertaining platform-native content, and the Creator Deal Maker, who manages partnerships with creators.
Spotify says it has removed more than 50 million songs considered AI-generated slop or spam from user recommendations over the past year, The Verge reports. The company has also changed its recommendation system to highlight more music made by human artists, and its editors do not program content identified as slop or spam.
Meeting note-taking tool Otter. ai has raised $320 million from General Catalyst's Customer Value Fund, TechCrunch reports. The fund provides capital to startups without diluting equity and earns its returns from the results of the marketing spend it finances.
83 percent of S&P 500 companies now flag AI as a risk in their filings, yet fewer than 3 percent of directors have AI expertise. The article argues that hiring AI experts onto boards is only half the fix. Effective oversight also needs clear ownership of data, model risks, approvals and incidents, along with repeatable review processes across management and the board.
OpenAI’s recent release of three new models, Aurora Blue, Aurora Green Alpha and Aurora Red Alpha, has sparked widespread discussion about the company’s evolving priorities. According to Universe of AI, these models focus on image generation, a notable shift from the language and coding advancements many had anticipated.
It is now possible to build AI chatbots of loved ones from their texts, voicemails and other personal data and keep talking to them after their death. A global research study is examining how these deadbots, or postmortem avatars, affect people who are grieving, the legacy and rights of the deceased, and grief practices in different cultures. Vox explores the questions in a new episode of its Unexplainable podcast.
"Irrespective of how people feel about it, I think this whole concept of continuously monitoring — and call it surveillance, whatever you want — it is going to happen. " The post Y Combinator “Customer Surveillance” Startup Says “Every Company Will Soon Assign an AI Agent to Every Customer to Watch Their Every Move” appeared first on Futurism.
When Pony Ma called Tencent Holdings Ltd. ’s AI endeavor “a leaky ship” this summer, the billionaire founder sent ripples through a company that for years dominated the industry with WeChat. The social media and gaming leader was at the time struggling to catch the likes of DeepSeek in the post-ChatGPT age.
Anthropic PBC is cautioning investors that its outspoken advocacy for artificial intelligence safety could make the company the target of government retaliation, highlighting the unusual degree of government-related risk to its future business after a year of skirmishes with the Trump administration.
Anthropic PBC’s initial public offering is laying bare the stark extremes of the multi-trillion-dollar AI boom business model: astonishing growth paired with uncertainty about demand and the spending required to continue developing the technology. The startup, which publicly filed IPO paperwork on Monday, is poised to be the first major US firm focused solely on building AI software to make its market debut.
Elon Musk warned that AI cloud computing companies face a "guppy-level death" as funding dries up, according to the Guardian's business live blog. Overnight on X, Musk also claimed that some partly built data centres will never be completed, predicting a lot of stranded compute in partially complete data centers.
Elon Musk said SpaceX has closed a $40 billion debt deal to pay for the chips needed to fuel its artificial intelligence ambitions. People familiar with the discussions told Bloomberg News, however, that talks over pricing were still ongoing, so it remains unclear whether the financing is actually final.
In this episode of Merryn Talks Money, Merryn Somerset Webb and Steve Hou, head of research at Silicon Data, look at an emerging problem in AI economics: token prices are falling while the cost of the compute needed to produce them is rising. They discuss what this mismatch could mean for the valuations of companies like OpenAI and Anthropic, whether demand can justify the enormous sums invested in AI infrastructure, and what happens when everyone has a…
WA paid Deloitte $166,000 for flawed feasibility study on merging the University of Western Australia, Curtin university and Murdoch university Get our breaking news email, free app or daily news podcast The Western Australian government has said it is “extremely disappointed” and is seeking an “expedited” cost recovery from Deloitte after errors were discovered in a report on a potential university merger, including AI-hallucinated references and hundr…
The UK government announced £100 million ($134 million) for an AI Biosecurity Lab that will be supported by OpenAI, Anthropic and Google DeepMind, Bloomberg reports. The lab is part of a broader package of measures meant to improve the government's ability to understand and tackle the risks posed by advanced AI.
Banks, airlines and governments took their websites offline as a precaution after researchers used AI to uncover holes in the programming language that underpins large parts of the internet, Bloomberg reports in a video segment. Bloomberg's Jordan Robertson explains why this marks the start of an era of rapid-fire software vulnerabilities.
Japanese government bond yields fell across the curve on Friday as an AI-driven selloff in equities boosted demand for haven assets, with a rally in US Treasuries spilling over into Japan, Bloomberg reports. In a video interview, Masa Takeda, portfolio manager of the Hennessy Japan Fund, discusses opportunities for overseas investors in Japan and how the country's labor market can leverage AI.
Gabelli Funds President Chris Marangi says markets are in an AI-related bubble, but believes it is still at an early stage, Bloomberg reports. Speaking on Bloomberg Open Interest, Marangi described AI as a historic technological transformation that is driving substantial investment. He added that earnings growth continues to support the market.
For much of this year, US Treasuries offered investors little of their traditional protection when technology stocks stumbled, Bloomberg reports. This week that role bounced back sharply, as money moved into government bonds while AI shares came under pressure. The shift marks a return of the classic haven trade.
Blackstone President Jon Gray said investors do not need to fear that the AI boom will turn into a bubble and described demand as parabolic, Bloomberg reports. His comments came just days after billionaire Ken Griffin said he feared the industry was almost certainly headed in that direction.
A measure of Meta Platforms' credit risk hit a record high on Thursday and its bonds weakened, Bloomberg reports. The move followed Meta's plans to ramp up capital spending on artificial intelligence. It reignited fears that tech giants will issue even more debt to fund the AI buildout in a bond market that is already saturated with such deals.
Bloomberg Technology's The Close covered the latest Wall Street session as Tesla, IBM and Meta reported quarterly earnings with AI spending at the center of investor attention. Guests included BlackRock's Armando Senra, CME Group Chief Executive Terry Duffy, Bose Chief Executive Lila Snyder, Wedbush analyst Ygal Arounian, ARK's Tasha Keeney and former Tesla board member Steve Westly.
Meta Platforms Chief Executive Officer Mark Zuckerberg told investors that the company's expensive bet on artificial intelligence is delivering results, Bloomberg reports. The message sets the stage for Meta to invest even more aggressively in AI, including data centers and model development. The update came with the company's quarterly earnings.
French AI company Pigment has raised $250 million at a $2.3 billion valuation as it aims to challenge Microsoft's dominance with Excel and PowerPoint in business planning. In an interview with Bloomberg Tech, Co-Chief Executive Eléonore Crespo said backing from Nvidia is a particular validation for the startup. She also explained how Pigment is looking to investors in Asia to help it expand into that region.
Elice Group Chief Executive Officer Jae Won Kim told Bloomberg that the company aims to double revenue every year despite a turbulent stock market debut. Growth is meant to come from exporting edge data center hardware and from winning sovereign AI contracts with governments. The South Korean infrastructure company's shares fell sharply on their first trading day amid wider concern about the AI datacentre market.
Citadel founder and CEO Ken Griffin told Bloomberg that the rapid development of AI brings a mix of concern and opportunity and calls it a golden era for entrepreneurs. He argues that workers in roles especially exposed to AI will need substantial reskilling. Griffin spoke with Bloomberg's Dani Burger at Citadel's annual Future of Global Markets Conference in New York.
Sequoia Capital partner Konstantine Buhler told Bloomberg's Dani Burger at Citadel's Securities Conference that AI may be creating an entirely new economy built around agents. He explained why he is bullish on AI agents, job growth and long-term investing. Buhler argued that today's market shifts will not erase tomorrow's opportunities.
The US government on Monday ordered its agencies to stop using AI tools from the Chinese startup DeepSeek, The Guardian reports. A Department of Homeland Security notice bans products developed by DeepSeek as well as tools created with DeepSeek by third parties, and says they must be removed from government IT devices. Officials say use of the tools may result in the transfer of sensitive data to China.
Data-center infrastructure company Elice Inc. plunged in its trading debut in South Korea, Bloomberg reports. The shares fell about a third on their first day as concern about the outlook for the AI datacentre industry weighed on investors.
Dan Ives, partner and senior managing director at Yorkville, Ives, and Company, told Bloomberg that the upcoming earnings reports from major technology companies will be an important test of investor confidence in AI. He argues that the results will show whether heavy AI spending is starting to translate into revenue. Ives also discussed giving ordinary investors a chance to put money into private AI companies.
Tenstorrent CEO Jim Keller discussed the chip startup's $1.5 billion funding round, which values the company at about $6.2 billion, in an interview on Bloomberg's The Close. Keller said Tenstorrent is focused on scaling its Galaxy server program and developing AI intellectual property instead of pursuing a sale. The round gives the company substantial capital to compete in a market dominated by Nvidia.
Kaushik Basu, professor at Cornell University and former chief economist of the World Bank, discussed the AI race between the US and China and its impact on the global economy with Bloomberg's Stephen Engle. The interview took place on the sidelines of the Bund Summit in Shanghai. The summary does not include specific forecasts or new data from the conversation.
Indian Science and Technology Minister Jitendra Singh told Bloomberg's Shery Ahn that artificial intelligence is a major advantage for India's space missions. He said human-led intelligence will need to use AI optimally to power the country's nuclear and space programs. The minister did not name specific projects, budgets or technical details.
An OpenAI engineer has been arrested and accused of planting a covert recording device in an executive conference room, Bloomberg Weekend senior writer Morgan Meaker told Bloomberg This Weekend. The case highlights growing concerns about protecting sensitive AI technology.
A deepening selloff in US technology stocks is exposing a new vulnerability in Asia’s artificial intelligence trade: mounting financing costs could choke off the spending needed to sustain the boom, threatening earnings across a supply chain that has powered the region’s stock-market rally.
Barry Ritholtz, chairman and chief investment officer of Ritholtz Wealth Management, told Bloomberg This Weekend that AI remains a transformational technology, but that investors face a hard task in identifying which companies will end up as winners. Speaking with hosts David Gura and Christina Ruffini, he discussed the selloff in CoreWeave shares, concerns about AI financing and valuations, and the challenges facing Tesla as competition in electric veh…
China proposed adding advanced artificial intelligence technologies to its export-control list, potentially restricting overseas transfers of AI models and chip designs in an effort to keep closer control over homegrown advancements in a strategically important sector.
The artificial intelligence boom has cemented US and Chinese tech dominance and created fortunes across North Asia’s chip supply chain. Now, India’s billionaire family offices and wealthy investors are betting on homegrown startups to gain ground in the global AI race.
DeepMind’s latest artificial intelligence system, AlphaGenome, marks a significant leap in decoding the complexities of the human genome. With over 3 billion base pairs to analyze, AlphaGenome employs advanced machine learning to predict the effects of genetic variations with exceptional precision.
Taiwan Semiconductor Manufacturing Co. reported a better-than-expected profit for the September quarter, Bloomberg reports. The chipmaker is sustaining strong growth despite rising concern about how long the AI buildout can last.
Accounts for the Westminster-based company behind ChatGPT show that 110 staff shared £87m in salaries and £168m in shares last year OpenAI’s London staff each received £2,318,181 on average last year, as the ChatGPT-maker poured Premier League football salaries into its bid to dominate the global AI race. Accounts for OpenAI UK Ltd, which is based in Westminster but is opening a new HQ in London’s King’s Cross area, showed that 110 staff shared £87m in…
Sunil Mittal, founder and chairman of India's Bharti Enterprises, sees governments around the world falling behind the pace of AI development. In a video interview with Bloomberg, he says lawmakers are struggling to keep up with rapid innovation cycles. In his view, regulation should set guardrails without stifling innovation.