Robbie Whelan / Wall Street Journal : CoreWeave's market value fell $33B in six weeks amid construction delays at its Denton, TX AI d...
CoreWeave's market value fell $33B in six weeks amid construction delays at its Denton, TX AI data center, criticism from short seller Jim Chanos, and more — The data-center provider's terrible six-week slide picked up speed when a famous short seller piled concerns on top of delays
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OpenAI's chief communications officer Hannah Wong will leave in January; Wong joined in 2021 and led PR during Sam Altman's brief ouster and return in 2023 — Hannah Wong told staff she is moving on to her “next chapter.” The company will be running an executive search to find a replacement, according to a memo.
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Sources: the US has paused a tech trade deal with the UK, signed in September, over disagreements about the UK's digital regulations and food safety rules — The U.S. government has paused a tech-focused trade pledge with Britain over broader disagreements about Britain's digital regulations and food safety rules.
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Allen Institute for AI launches Bolmo 7B and Bolmo 1B, claiming they are “the first fully open byte-level language models”, built on its Olmo 3 models — Enterprises that want tokenizer-free multilingual models are increasingly turning to byte-level language models to reduce brittleness in noisy or low-resource text.
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Shares of Tesla closed at a 2025 high on Monday after the company confirmed it is testing driverless vehicles in Austin without a human safety operator — Nearly six months after launching a limited Robotaxi service in Austin, Texas with safety drivers in the car, the company …
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PayPal says it has filed applications to establish PayPal Bank to provide loans more efficiently to US small businesses and reduce its reliance on third parties — The payments company says it filed applications with the Utah Department of Financial Institutions and the FDIC to establish PayPal Bank
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Ford plans to repurpose its US battery manufacturing capacity to launch a battery energy storage business for data centers, amid a shift away from large EVs — Amid Ford's shift away from making large electric vehicles, the automaker is adding a new product line to find a home for its batteries.
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Shares of Broadcom, CoreWeave, and Oracle, companies tied to the AI infrastructure buildout, extend last week's decline; ORCL is down 46%+ since September 10 — In at least one corner of the artificial intelligence market, sentiment has turned decidedly negative.
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Intel appoints Robin Colwell, deputy assistant to President Trump and deputy director of the National Economic Council, as its head of government affairs — Intel (INTC.O) on Monday appointed an economic adviser to U.S. President Trump as its head of government affairs …
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Sources: Disney's Sora deal is entirely in OpenAI stock rather than a cash licensing fee; Disney has the option to buy additional stock beyond the $1B stake — OpenAI is getting access to Disney's kingdom without cutting a check. — The artificial intelligence company's recent deal …
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