Rebecca Torrence

(Bloomberg) -- OpenAI has completed a deal to help employees sell roughly $7 billion worth of shares in the company ahead of a possible Wall Street debut, according to a person familiar with the matter.

The venture firm tosses aside its earlier caution to boost investments in the AI race

(Bloomberg) -- Cognition AI Inc. is in early talks with investors for a new funding round that may boost the coding startup's valuation by more than 50% to at least $40 billion, people familiar with the matter said.

Anthropic PBC is on track to generate annualized revenue of more than $65 billion based on its current performance, according to people familiar with the matter, up more than sevenfold from its pace at the end of last year.

Anthropic PBC is on track to generate annualized revenue of more than $65 billion based on its current performance, according to people familiar with the matter, up more than sevenfold from its pace at the end of last year.

Fractile, a startup developing chips tailored for artificial intelligence use that has a deal to supply Anthropic PBC, is in advanced talks to notch a valuation more than six times higher than the price it landed in May.

(Bloomberg) -- SpaceX approached artificial intelligence coding startup Cognition AI Inc. about a potential acquisition, according to people familiar

Nvidia Corp. has agreed to pay $6 billion to license artificial intelligence models from Poolside and will extend job offers to more than 100 employees, according to people familiar with the situation.

(Bloomberg) -- Nvidia Corp. has agreed to pay $6 billion to license artificial intelligence models from Poolside and will extend job offers to more than 100 employees, according to people familiar with the situation.

Lambda Inc., an AI cloud-computing provider backed by Nvidia Corp., is in talks to raise as much as $3 billion in a round that could tee it up to go public next year, according to people familiar with the efforts.