The commitment is credits rather than cash. The more interesting line in the announcement is a research preview of a standard for AI agents operating laboratory hardware.
The Business of AI — Page 2
Funding rounds, acquisitions, revenue, enterprise adoption and the commercial strategy behind the companies building artificial intelligence.
Nvidia and Samsung joined the round. The company puts annualised revenue at about $36m in mid-September and says the free agent has been cloned 24 million times.
All three are reported talks rather than closed deals. What they have in common is the structure: borrow privately, and keep the hardware off the operating company's balance sheet.
The company behind the US credit score is cutting 15% of its staff and calls it an AI restructuring
FICO did not give a headcount. Its shares are down about 58% this year, and the pressure is coming from a regulator rather than from automation.
Etched builds inference systems on its own chips. Its valuation has gone from $10.3bn to a reported $40bn in about three months.
All stories
- Atlassian is putting GPT-6 behind Rovo's agents, and says it is still not making any one model the default
- Insurers are working out whether a chief executive's own policy covers what their company's AI agents did
- Microsoft's AI division has launched a magazine, and its first essay says AI will add 1.5% to GDP in ten years
- Lambda's order book went from $15bn to $50bn in three months, and $35bn of it is one Anthropic contract
- DeepSeek asked for 50 billion yuan and may end up taking twice that, with a battery maker among the largest backers
- Only 4.5% of Americans pay for an AI subscription, and the top 1% of spenders account for a fifth of the money
- Kuaishou's AI video unit has picked three banks for a Hong Kong listing of at least $1bn
- Anthropic's staff gave away $540m in 2025, and the company's matching shares dilute everyone else
- Microsoft cut its cloud division's Claude budget from $100,000 a month per employee to about $10,000
- Two Groq engineers are suing the board over the Nvidia deal that was not called an acquisition
- Half of Australia's biggest listing in years is going back to the investors who already own the company
- Hong Kong raised a record $47.5bn in a quarter, and eight of its ten biggest deals are under water
- GMI Cloud has raised $668m, and two thirds of it is borrowed against the chips
- Amazon wants to sell $8bn of its Nvidia chips to investors and rent them back, the FT reports
- Seven in ten new databases on Supabase are now created by an agent, and the company has bought a firm built for that
- A Chinese AI cloud that rents other people's data centres has filed to list in Hong Kong
- A rating agency has called a pile of GPUs investment grade, and insurers bought the paper
- Blackstone is putting $9bn of its own money behind the chips Anthropic has already promised to buy
- Amazon will stop asking local governments to sign NDAs about its data centres