the IPO of Nvidia-backed data center provider Firmus is uncertain
Sources: the IPO of Nvidia-backed data center provider Firmus is uncertain after failing to attract adequate support, underscoring concerns over AI funding
TL;DRFirmus's struggling IPO signals weakening investor appetite for AI infrastructure plays.
Why it matters: AI funding momentum may be cooling faster than markets assumed, affecting startup valuations and tech sector confidence.
AI #189: New Math
TL;DRA major AI development this week wasn't a new model release.
Apple is set to show off new smart home devices at an October 13 event
TL;DRApple is announcing new smart home products on October 13.
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Hone, founded by former OpenAI and Cognition staffers
Ex-OpenAI and Cognition staff launched Hone, raising $60M to build AI agents for business operations.
Apple announces a special event, "Welcome home", for October 13
Apple event October 13 in NYC, likely focused on home automation products.
Podcast: Leak Show Cops Can Break into Locked iPhones
Law enforcement has found ways to bypass iPhone encryption, undermining Apple's security promises.
GlobalFoundries signs a five-year, $2B deal
GlobalFoundries will make chip components for TSMC at its New York plant for $2B over five years.
Britain’s Great Wealth Dilemma
Rich people are leaving London over tax concerns, threatening UK revenue.
AI Model Evaluator Arena Valued at Over $3 Billion in Round
AI leaderboard startup Arena Intelligence raises $200M at $3.1B valuation.
Natura’s $99 smart ring puts AI agents on your finger
New $99 smart ring runs AI agents and tracks health via finger press.
Goodfire says its new ‘inside-out’ monitors catch rogue AI agents at
Goodfire built cheaper AI monitoring by watching models internally instead of using separate oversight systems.
Helm.ai reaches $70M in signed commercial contracts for its foundation
Startup Helm.ai signed $70M in contracts for AI models trained on physical world understanding.