Add another member to the fast-and-furious AI unicorn club: Simile. Just five months after emerging from stealth and announcing a $100 million Series A led by Index Ventures, it has closed a $200 million Series B at a $2 billion valuation, the startup says. T…
Big Tech has been pouring billions of dollars into AI data centers and computing power as demand continues to outstrip supply.
This article first appeared on GuruFocus. TeraWulf (NASDAQ:WULF) shares surged about 20% on Thursday after the digital infrastructure company signed a 20-year lease with artificial intelligence startup Anthropic for its Justified Data campus in Kentucky. The …
Meta is using AI to quickly launch apps, and more are on the way. During this week’s second-quarter earnings call, Meta CEO Mark Zuckerberg said the social giant has new apps in the works, following a recent spate of other launches that included an app for Ma…
The highflying hedge fund run by Leopold Aschenbrenner is in crisis mode after AI-related bets sank Situational Awareness, the once-highflying AI-focused hedge fund, sold the bulk of its stock portfolio to Ken Griffin’s investment firm Citadel after suffering…
