Nvidia guaranteed $105 billion for OpenAI’s Ohio data centre campus on Monday, finalising a deal that came in $145 billion below early public estimates.
Category: Tech
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Stripe Pays Over $7 Billion for OpenRouter, Betting AI Model Routing Becomes Core Infrastructure
Stripe finalised a deal to acquire OpenRouter for more than $7 billion on August 16-17, a 5.4x jump over the AI gateway startup’s May 2026 Series B valuation of $1.3 billion.
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US Treasury Threatens Sanctions Over Chinese AI Model Distillation Attacks
Treasury Secretary Bessent warned Chinese AI firms that large-scale distillation attacks on US models could now trigger sanctions and Entity List designations.
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Anthropic Signs a $9.1 Billion, 20-Year Data Center Deal with Riot Platforms
Anthropic has secured 191 megawatts of computing capacity from Riot Platforms’ Texas campus under a 20-year lease worth $9.1 billion, as the AI lab races to close a persistent compute gap.
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Apple Wins Beijing’s Clearance to Deploy Its Own AI Model in China
Apple has trained a China-specific large language model alongside Alibaba and received regulatory approval from Beijing — making it the first foreign company authorised to deploy proprietary AI on iPhones in mainland China.
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Google Gemini Crosses One Billion Monthly Users
Sundar Pichai announced on August 11 that the Gemini app has passed one billion monthly active users, making it the fastest-growing product in Google’s 28-year history.
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Google Launches Pixel 11 With 120x Zoom and AI Sign Language Transcription
Google unveiled Pixel 11 with 120x Super Res Zoom, AI sign language transcription via DeepMind, and Gemini Intelligence automating tasks across more than 40 apps.
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Meta Releases Muse Glimmer, a 30-Billion-Parameter Open-Weight AI Agent
Meta’s Muse Glimmer is a 30-billion-parameter open-weight AI agent running locally on consumer GPUs under Apache 2.0, paired with Mark Zuckerberg’s broadside against closed-AI-lab strategies.
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Intel Raises $15 Billion in Its First Public Share Sale Since 1971
Intel’s $15 billion equity offering — its first public share sale since its 1971 IPO — will fund AI chip production, advanced packaging and foundry expansion, with underwriters able to add $2.25 billion more.
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Apple Tests Chinese CXMT Memory Chips for iPhones as Senate Warns Against the Move
Apple is evaluating DRAM from China’s CXMT for use in iPhones and MacBooks, according to reports from August 9, while bipartisan US senators warn against sourcing chips from Chinese suppliers.