Enterprise artificial intelligence adoption is spreading, but the money is piling up fast among a small group of companies. New data from Ramp shows the top 1% of customers account for 80% of enterprise revenue at both OpenAI and Anthropic, a concentration that has held...
Anthropic is preparing to finalize an expansion of its revolving credit facility to $15 billion, up from the $2.5 billion facility it secured last year, Bloomberg reported Friday (Sept. 4), citing unnamed sources. Companies typically finalize their revolving credit facility before notifying banks of their...
GE Appliances has deployed more than 800 artificial intelligence agents across its manufacturing, logistics and supply chain operations, using Google Cloud’s Gemini Enterprise, the company said in its announcement. “AI is now integral to the way work gets done at GE Appliances,” said Mandar Deo,...
Thinking Machines Lab, the artificial intelligence startup led by former OpenAI Chief Technology Officer Mira Murati, is in talks to raise at least $1 billion at a valuation of at least $40 billion, The Information reported Thursday (Sept. 3). Existing investor Accel is considering leading...
Anthropic, the artificial intelligence company behind Claude, launched a blueprint Wednesday (Sept. 2) that hands retailers prebuilt code for two commerce agent, the company said in its announcement. A shopping agent searches a catalog, compares products and builds a cart for the customer. A merchant...
Google is giving Gmail users a way to avoid manually searching their inbox, according to a Thursday (Sept. 3) company blog post. Gmail Live is part of a larger series of new voice artificial intelligence offerings for Gmail, Google Docs and the note-taking tool Google...
Artificial intelligence cloud company Nscale has signed a major, multi-year agreement with humanoid robotics developer Figure. This deal will see Nscale provide computing resources for Figure and commit at least $3.5 billion — and up to $6 billion — to power the development of Figure’s AI models and...
Anthropic has reportedly broken with other tech giants over a new Massachusetts AI regulation. The proposal before that state’s senate would require artificial intelligence (AI) developers to hire independent evaluators to assess their models for the potential catastrophic risks every four months, The Information reported Thursday (Sept. 3)....
Shoes, karaoke machines and action cameras have little in common. However, their makers have all found artificial intelligence as the same potential second act. GoPro is the latest unlikely addition, following Allbirds, which sold its footwear business to pursue AI compute, and Singing Machine, which...