AI infrastructure company Accelevation and backer Olympus raise $540M
AI infrastructure company Accelevation and backer Olympus raise $540M in a US IPO after selling 30M shares for $18 each, below its marketed $20-$24 range
TL;DRAI data center company Accelevation went public at $18/share, below its target range.
Why it matters: Tepid IPO pricing signals investor caution on AI infrastructure valuations amid market volatility.
Trump releases voluntary AI accord with tech leaders, asking companies
TL;DRTrump's administration released a voluntary AI safety agreement asking companies to use auditors and internal monitoring.
A US appeals court upholds a ruling for Thomson Reuters in its
TL;DRCourt rules Thomson Reuters wins copyright case against AI startup Ross Intelligence over training data.
Latest
At the unBoxed conference, Amazon moves AI from being a feature
Amazon is integrating AI deeper into its ad platform and consolidating fragmented workflows.
An interview with Bill Gates about the need for more than natural
Gates says markets alone won't manage AI risks; regulation and policy needed.
Nidec Shares Sink as CEO Resigns Amid Accounting Scandal
Nidec's CEO resigned after accounting issues caused stock to drop 20%.
Apple Starts India Payments Service to Take On Google, Paytm
Apple launched a payments service in India to compete with Google and Paytm.
A profile of Travis Kalanick, CEO of Atoms, whom Silicon Valley has
Travis Kalanick is back in tech leadership; VCs are funding his new company despite his contentious Uber past.
OpenAI connects the Dots
OpenAI launches business-focused AI agents amid ongoing safety concerns.
Amazon Bedrock expands Claude model availability to in-country
Claude AI models now run locally in India via Amazon Bedrock, avoiding data transfer delays.
Introducing Anthropic models on Amazon Bedrock for in-region inference
Anthropic's Claude models now run locally in Seoul and Singapore via Amazon Bedrock.
Oura, World Labs Show Divergence in VC Exits
AMD buys AI startup World Labs for $8.2B; Oura takes different exit path.