Maria Deutscher
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Chipmaking equipment supplier Lam Research to spend $3B+ on new labs
Lam Research Corp., a major supplier of chipmaker equipment, plans to spend more than $3 billion over the next five years to enhance its engineering capabilities. The company detailed the initiative on Thursday. Nasdaq-listed Lam sells machines that chipmakers use to produce memory chips, advanced packaging and other products. It also has a presence in ...
Anthropic details unreleased Model 2, new alignment concerns in latest AI risk report
Anthropic PBC today revealed that it has developed an artificial intelligence model more capable than Claude Mythos 5. The company detailed the algorithm in the latest edition of its AI alignment report. The document, which is published every three to six months, outlines the potential risks posed by the company’s large language models. The newest ...
Z.ai debuts GLM-5.3 with long-horizon coding, cybersecurity upgrades
Chinese artificial intelligence developer Z.ai Co. today debuted GLM-5.3, an open-source large language model that set records across several popular benchmarks. The LLM is based on an algorithm called GLM-5.2 that the company released in mid-July. The latter model features a mixture of experts architecture with 753 billion parameters and a context window of 1 ...
Insurance software provider Accelerant to be taken private for $4.4B
Accelerant Holdings Inc., a provider of software for the specialty insurance market, has agreed to be taken private by Thoma Bravo. The companies announced the $4.4 billion transaction today. It values Accelerant at $20.25 per share, a 49% premium to its last unaffected stock price. Specialty insurance covers high-value items that usually aren’t protected by ...
Google launches Gemini 3.7 Flash for coding, AI agent projects
Google LLC today launched its most capable entry-level artificial intelligence model yet. Gemini 3.7 Flash is rolling out three weeks after its predecessor. Despite the short release cycle, Google engineers managed to implement significant output quality improvements. The company says that Gemini 3.7 Flash outperformed comparable models from Anthropic PBC and OpenAI Group PBC across ...
Databricks raises $5B more after annualized revenue tops $7B
Databricks Inc. today announced that it has raised $5 billion in funding at a $190 billion valuation. The round was led by Coatue, Blackstone, MGX, T. Rowe Price and Sixth Street Growth. The funds were joined by more than a half-dozen other backers, most of which are returning investors. The raise follows a quarter in ...
SpaceXAI releases flagship Grok 4.6 model with advanced reasoning capabilities
SpaceXAI today released Grok 4.6, a large language model that it says can outperform Anthropic PBC’s Claude Fable 5 in some areas. The company was known as xAI until last month. The Elon Musk-founded artificial intelligence provider rebranded in connection with its acquisition by SpaceX Corp. In June, the combined company listed its shares on ...
Nebius shares jump 34% on continued AI infrastructure demand
Shares of Nebius Group NV closed 34% higher today after it reported second-quarter earnings that topped expectations across the board. The Netherlands-based company operates a cloud platform optimized for artificial intelligence workloads. It also has two business units called Avride and TripleTen that offer autonomous driving software and programming courses, respectively. Nebius’ revenue surged 454% ...
Google launches five new Pixel devices, array of Gemini Intelligence features
Google LLC today expanded its Pixel consumer hardware line with a foldable handset, three smartphones and a smartwatch. The devices will ship with an upgraded version of the company’s Gemini Intelligence software. It’s a set of artificial intelligence features for the mobile market that Google introduced earlier this year. The new device family is headlined ...
IBM inks $240M infrastructure deal with AI-optimized cloud operator Together AI
IBM Corp. will provide infrastructure to artificial intelligence startup Together AI Inc. as part of a $240 million deal announced today. The partnership comes a few weeks after the latter company raised $800 million in funding. The consortium that provided the capital included Nvidia Corp., whose chips IBM will use to run Together AI’s workloads. ...