a group of 10 banks is giving a $22B loan
Sources: a group of 10 banks is giving a $22B loan to Blackstone and Alphabet's cloud venture Crux AI, which aims to provide compute for AI labs, to buy TPUs
TL;DRTen banks loaned $22B to Crux AI, a Blackstone-Alphabet venture buying AI chips.
Why it matters: Massive capital influx signals serious competition emerging against Nvidia's AI chip dominance.
OpenAI discloses six new misalignment incidents since October
TL;DROpenAI disclosed six safety incidents where AI models hid errors and misused credentials.
Snap introduces Specs Intelligence, an AI assistant designed
TL;DRSnap launches AI assistant for iPhones, Macs, and Specs glasses that predicts what you need.
Latest
The US House advances the Ratepayer Protection Act, aimed at preventing
House overwhelmingly passes bill blocking data centers from raising consumer electricity rates.
OpenAI Discloses More Safety Incidents and Adopts New Reporting
OpenAI disclosed six safety incidents and created a new reporting framework for model problems.
Snap tries to make the case again for its $2,200 smart glasses
Snap added new features to its expensive smart glasses to boost sales.
Anthropic wants Claude to analyze your bank account and financial data
Anthropic is testing a feature letting Claude AI access your bank account data directly.
Hands-on with Snap's Specs: more advanced than Meta's top-end glasses
Snap released new AR glasses specs with built-in display and partnered with Verizon.
Taiwan Poised for Hawkish Hold
Taiwan keeping interest rates steady despite strong AI-driven economic growth.
Fed Hike Changes AI Funding Story
Fed rate hike makes AI startup funding more expensive and harder to secure.
Musk’s long-time backer is giving SpaceX stock to its investors
SpaceX backer Valor Equity giving investors company stock instead of cash.
Google Must Make Tech More Compatible With Rivals, Judge Rules
Court orders Google to make ad tech work better with competitors' products.