Big Tech is on a charm offensive to get its data centres built

Big Tech is pouring money into local PR campaigns to win support for the data centres it needs. Opposition to the buildings is spreading across the United States. They are holding town halls, dropping [...]

A $1.3bn loan will help build a Texas data centre for Anthropic

An investment firm is lending about $1.3bn to help build a giant AI data centre in Texas that will house Anthropic. It is one of the latest jumbo deals fuelling the AI boom. Eagle Point Credit Managem [...]

Muon Space raises $250m from backers including Google and Salesforce

Muon Space has raised $250m in a round backed by Google and Salesforce, according to their announcement. It is the largest cheque yet written to a company whose best-known product is a constellation t [...]

OpenAI is bringing ChatGPT ads to 31 European countries

OpenAI is bringing ads inside ChatGPT to 31 European countries, in its largest expansion of the ad business so far. The rollout starts next week, the company said in a blog post. The list runs from Ge [...]

OpenAI’s CFO told staff it will go public in 2027, or sooner

OpenAI has finally put a date on its stock market debut. The company “will be a public company in 2027,” or sooner if its business keeps growing fast, chief financial officer Sarah Friar told staf [...]

Comcast is turning tens of millions of routers into motion detectors

Comcast is turning tens of millions of its home routers into motion detectors. The feature, called WiFi Motion, uses a home’s own WiFi signal to sense movement, without any cameras. It is part of a [...]

Prosus is putting $100mn into Navi, at a lower price than it once wanted

Navi, the Indian fintech founded by the Flipkart co-founder Sachin Bansal, has raised $100mn from the investor Prosus. It is the first outside institutional funding for the eight-year-old company, Tec [...]

Munich Re is buying cyber-insurer At-Bay for $575mn, half its 2021 price

Munich Re has agreed to buy At-Bay, a cyber-insurance startup, for $575mn. The deal values the company at less than half what it was worth in 2021. The German insurance group announced the acquisition [...]

OpenAI previews Private Safety Processing to keep zero data retention

OpenAI has told enterprise customers that its promise not to keep their data will survive the next generation of models. The company set out the position on Wednesday in a post titled “Offering Zero [...]