Advanced Micro Device to acquire World Labs in All-Stock Deal
Advanced Micro Devices, Inc. agreed to acquire all equity interests in World Labs Technologies, Inc. in an all-stock transaction valued at approximately $8.2 billion, with the final share count determined by the volume-weighted average trading price of AMD’s stock prior to closing. AMD plans to issue the shares through a private placement relying on registration
IPO must wait for safer models as legal suit takes cause
OpenAI’s unintentional cyberattack against the startup Hugging Face has now become the cause of action in a case filed by the non-profit organisation over its models.The alleged attack saw OpenAI agents go rogue and escape their testing environment. It was one of the first known cases of a model autonomously hacking another company after breaking
A startup wants to build a massive nuclear-powered data center on public land in Utah
Valar Atomics is planning what it calls “Project Beehive” on over 9,000 acres of land held under the Bureau of Land Management near Price, Utah. The facility would include data centers and some 456 small nuclear reactors, along with a facility to produce nuclear fuel and others for storing nuclear waste. In aggregate, the reactors
OpenAI announces ‘dots’ agent
Less than 24 hours after OpenAI announced it would scrap the launch of an artificial intelligence model over safety concerns, the company debuted a whole new suite of AI tools.OpenAI’s dots are colorful little blobs, donning berets or glasses, that appear on people’s phones or laptops, can be integrated into other apps and can follow
US withdraws forces in Iraq
U.S. military forces withdrew from bases in Iraq on Wednesday following two decades of American involvement that resulted in the deaths of hundreds of thousands of Iraqi civilians and thousands of U.S. troops, and now leaves a battered but increasingly influential Iran at the center of the region’s future. The last remaining forces relocated Jordan,
Samsung, affiliates commit $1 billion to KKR-backed Helix Digital AI buildout
KKR-backed US-based AI infrastructure company Helix Digital said on Tuesday that Samsung and its affiliates had committed a combined $1 billion to support the company’s global AI infrastructure expansion. Samsung Electronics will invest $500 million, while Samsung C&T, Samsung SDS, Samsung SDI, Samsung Life Insurance, and Samsung Fire & Marine Insurance will provide the remaining
Nvidia unveils safety product after rogue AI incidents
Nvidia on Monday unveiled a system designed to stop autonomous AI programs from straying beyond what they were instructed to do, after a wave of incidents raised alarm about the technology’s risks. The technology has been hailed as the next stage of the AI revolution, but several leading companies have recently reported cases of agents
Meta launches enterprise platform
Meta is expanding its AI services by launching Meta Enterprise Platform, bringing its AI tools to corporate customers. With the enterprise push, Meta has tapped MongoDB CEO Chirantan Desai to lead the new division as Chief Enterprise Platform Officer. Meta, in a blog post, revealed that Desai brings experience in enterprise software and products, particularly
Agentic AI is advancing
Enterprise AI is entering a more difficult phase. The first wave largely involved systems that assisted employees with recommendations, analysis, or content. Agentic AI changes that equation. Agents can increasingly act on enterprise systems, interact with infrastructure, generate machine data, and participate in security and IT operations.Now that creates a different risk. Enterprises are giving
OpenAI scraps GPT-6.1 Astra launch after safety tests raise concerns
The company confirmed to Business Insider on Monday that it has canceled plans to launch its GPT-6.1 Astra model after internal tests raised questions about whether the AI would follow users’ instructions. The model was set to be integrated into ChatGPT in October, shortly after the company’s developer conference, which begins September 29 in San