MiniMax Sought $2B Six Months After Its IPO
MiniMax reported $79M in 2025 revenue against a $1.87B net loss, then by July sought roughly $2B through shares and 2027 convertible bonds. The proposed financing turns its first public year into a test of whether agent revenue can carry recurring compute costs.
Anthropic’s Chip Bet Meets a Half-Revenue Bill
Anthropic confirmed an in-house silicon team in August 2026 as investor materials reviewed by the Wall Street Journal put inference costs above half of revenue at both Anthropic and OpenAI. The records do not show that cost reduction is the team’s specific mandate.
Nvidia’s 30%-to-100% Agent Score Changes the Test
Nvidia says AVO completed all 183 levels in ARC-AGI-3’s 25 public environments, lifting a Claude Opus 5 baseline from 30% to 100%. Dependable autonomy in open-ended production still requires evidence of recovery, observability and containment.
The US DOJ and TikTok reach a $400M settlement to resolve allegations TikTok violated COPPA; the DOJ filed the lawsuit in 2024
The Justice Department and TikTok, along with parent company ByteDance, have reached a $400 million settlement to resolve allegations of violating children's online privacy laws …
Sources: Apple is cutting 200+ jobs, including ~100 positions from the Vision Pro unit and another 100 from the Siri team, as it focuses on new devices and AI
Apple Inc. is cutting jobs across teams responsible for the Siri digital assistant and the Vision Pro headset …
Anthropic says Mythos 5 is now in public beta in Claude Security for Enterprise users, and it is working with providers to embed Mythos 5 in defensive tools
We're sharing an update on our efforts to help more teams use frontier capabilities for cyber defense.
How politicians who once championed data centers, including Greg Abbott and Josh Shapiro, are now slowing their development as the issue becomes a liability
Sources: Anthropic's bankers said the company could raise $100B+ in its IPO, which could value it at $2T, in recent discussions with potential investors
The offering could value the five-year-old A.I. start-up at $2 trillion, its bankers have told potential investors, which would exceed Elon Musk's SpaceX.
Ox Alpha, a “stealth model” from an unknown AI lab with a 1M-token multimodal context and capacity for 100T tokens/day, goes viral after launching on OpenRouter
When an unknown AI lab drops an anonymous model - Ox Alpha - for free, while declaring that they have the capacity …
OpenAI cuts GPT-5.6 Sol's API and credit prices by over 20% for the next three months, to $4/1M input tokens and $20/1M output tokens
OpenAI said on Friday it is cutting the prices of its frontier GPT-5.6 Sol model for developers by more than 20% for the next three months …
OpenAI says California should amend SB 53 to expand safeguards, including requiring monitoring of frontier models under training, following AI agent hacks
SAN FRANCISCO — OpenAI urged its home state of California on Friday to “strengthen” its landmark AI law following recent autonomous hacks …
OpenAI President Greg Brockman's role has expanded significantly, giving him control over its product and scaling teams following a wave of executive departures
OpenAI has had a hell of a year. The company spent months battling former cofounder Elon Musk in a sensational jury trial …
A look at the narrowing US-China AI gap, as a spate of compelling, low-cost releases makes Chinese AI models increasingly attractive to businesses
A spate of compelling releases at budget prices have made China the frontrunner in the race for global adoption.
Nvidia makes a minority investment in Cloverleaf, which works with utilities and energy providers to secure infrastructure for data center sites
Nvidia (NVDA.O) has made a minority investment in privately held Cloverleaf Infrastructure to develop infrastructure to power AI data center projects across …
Walmart, which has long resisted contactless Tap to Pay payments, says its stores will get the tech, which supports Apple Pay and Google Pay, by the end of 2026
Following abandoned IPO attempts in NYC and London, Shein is struggling to grow as it nears a Hong Kong listing at a fraction of its peak valuation of $100B
Facing pressure in the United States and Europe, Shein is struggling to find new ways to grow ahead of its much-delayed initial public offering.
Cheap energy, abundant land, and proximity to Beijing have made Ulanqab, Inner Mongolia, a data center hub, with ~100 data centers built or under construction
Cheap energy, abundant land, and proximity to Beijing have turned a city in Inner Mongolia into a crucial hub for data centers.
Inside the World Robot Conference in Beijing, drawing over 300 exhibitors; Unitree founder Wang Xingxing said the industry's “ChatGPT moment” has yet to come
Beijing policymakers have made robotics a ‘strategic priority’ — At the World Robot Conference in Beijing this week …
Nvidia says its general-purpose coding agent system AVO scored 100% across all 25 environments in the ARC-AGI-3 public set, completing all 183 levels
Anthropic hires Amir Salek, who ran Google's TPU business until 2022, to join its compute team as part of a push to develop its own chips
Anthropic PBC has hired Amir Salek, a founder of the custom chip program at Alphabet Inc.'s Google, as the AI lab lays the groundwork for a push into making its own semiconductors.
Sources: some of Nvidia's top customers have been told that prices will jump 15%+ on systems, including Vera Rubin and Grace Blackwell, starting in early 2027
Some of Nvidia Corp.'s biggest customers have been told that the prices of servers containing its artificial intelligence chips …
Rundoo, a provider of AI-powered business operations software for independent supply stores, raised a $30M Series B led by Battery Ventures
Rundoo Inc., the creator of an artificial intelligence-native system-of-record for independent supply stores, said today it has closed …
AI agents' growing capabilities are driving productivity FOMO among some startup founders, who feel compelled to work long hours managing and guiding the agents
The growing capabilities of AI give new meaning to working yourself to the bone — Seductive. Intoxicating. All-consuming.Forums:r/technologyForums:r/technology:Startup Founders Are Working Harder ...
OpenAI debuts an Apple Messages plugin for ChatGPT on macOS, letting ChatGPT Work and Codex read, search, and analyze chats, draft and send messages, and more
London-based Inherent, founded by DeepMind alumni and with $50M in seed funding, says its new Faraday agent beats GPT-5.5 at reproducing research paper findings
Inherent, a London AI lab founded by Google DeepMind alumni, says its AI agent just outperformed much larger models from Anthropic and OpenAI using a fraction of the size.
DHH launches Omacom Foundation, a non-profit supporting his Omarchy Linux distro, with $8M in funding from Michael Dell, Jack Dorsey, Patrick Collison, others
Apparel retailers like Zalando, Zara, and ASOS are betting on AI virtual fitting rooms to create a better online shopping experience and cut costly returns
Buying clothes online can leave shoppers frustrated and retailers drowning in returned goods. Now brands hope that AI-powered tools will deliver the perfect fit.
With each successive era of LLMs, from early scaling, to reasoning, to agentic, open models have taken half as long to catch up to the first closed model
Comparing open vs. closed models across the eras of frontier models, Is the gap narrowing? — ∙ Paid
A Dutch regulator fines Uber €825M for deactivating driver accounts through automated systems without informing them, in the second largest fine under GDPR
Filings: Apple paid Ireland $17B in taxes in 2025, 40% of its $43B in global corporate income tax total, after an EU court ordered it to pay €13B in back taxes
Helcim, a payments processor for SMBs, raised a CA$53M Series C led by Business Development Bank of Canada's Growth Venture Fund at a CA$250M valuation
Calgary company reaches $250-million valuation, hopes to grow after Moneris sells to US private equity.
Amazon raises prices for its Echo smart speakers, Fire TV line, Kindle devices, and eero mesh networking systems to offset increases in memory and storage costs
Amazon has raised prices for several of its first-party devices, including its Echo smart speakers and Fire TV line …
CBRE: NYC becomes the top tech talent market for the first time with 394,300 jobs, beating the Bay Area's 375,730, amid SF job cuts and NYC finance sector hires
Carrier Pidge hit 75K users and Roost 650K downloads, as slow messaging apps delivering texts at pigeon speeds attract users tired of constant notifications
Apps that let users send digital messages at ultraslow speeds have taken off, with users reveling in a slower pace of life.
Space data center startup Starcloud raised a $250M extension, at a $2.3B valuation, to its March $170M Series A; source: Nvidia invested $25M
DeepSeek unveils an experimental multimodal version of its V4 Flash model, saying it nears the performance of Anthropic's Opus 4.8 on multimodal agentic tests
Sources: Devoted Health, which uses AI to help coordinate medical care for those enrolled in Medicare Advantage, is raising new funding at a $25B valuation
Sources: London-based AI infrastructure startup Nscale is seeking to raise as much as $3B in its US IPO, which could take place as soon as September
Sources: the US Department of Energy is investigating whether Chinese lidar sensors might pose a security risk if they become widely used on vehicles in the US
Patreon announces new and overhauled features, including recommendation algorithm changes aimed at making it easier for smaller creators to get discovered
Kakao plans to spin off its chat app-based platform business into a company tentatively named KakaoAI and relist it on the Korea Exchange on January 27, 2027
Gurman: as part of Vision Pro cuts, Apple is largely shutting down a team focused on gaming and reducing the size of a unit producing immersive video content
Chance Miller /9to5Mac:
OpenAI's VP of sales in the Americas, Kaylin Voss, has resigned a week after Denise Dresser left, and is returning to Salesforce, where she was Slack's CRO
Laura Bratton /The Information: