BusinessJPMorgan cuts lending ties with Leopold Aschenbrenner’s AI-focused hedge fundJPMorgan Chase has ended its lending relationship with Situational Awareness, the AI-focused hedge fund led by Leopold Aschenbrenner, after leveraged AI positions triggered steep losses and nearly collapsed the firm.2 min read
BusinessOpenAI shelves 2026 IPO amid AI safety concernsOpenAI will not pursue a 2026 initial public offering, CEO Sam Altman told Fortune, citing heightened safety risks around rapidly advancing AI as the main reason to delay.3 min read
BusinessFrom Fired OpenAI Researcher to a $45 Billion Hedge Fund Collapse: Leopold Aschenbrenner's Rise and FallLeopold Aschenbrenner rose from a dismissed OpenAI researcher to the founder of a high‑profile hedge fund that at its peak claimed about $45 billion in assets.4 min read
BusinessSequoia-led round would value Mecka AI at about $500 millionMecka AI is nearing a new financing round led by Sequoia Capital that would price the robotics-data startup at roughly $500 million, according to people familiar with the deal.2 min read
BusinessUniversal Music and ElevenLabs to Build Licensed AI Music PlatformUniversal Music Group and ElevenLabs announced a multi-year licensing and strategic partnership on September 10 to develop a new AI-driven music platform that will use licensed works from participating artists and songwriters.3 min read
BusinessMoonshot AI aims for $2B annual revenue as K3 model drives growthChinese AI lab Moonshot AI is targeting $2 billion in annualized revenue by year-end, driven by the popularity of its open-weight K3 model released this summer.2 min read
BusinessOracle’s Big AI Bet: Massive spending and long-term contracts reshape its balance sheetOn September 10 Oracle reported Q1 fiscal 2027 results showing rapid cloud infrastructure growth but heavy capital outlays tied to AI deals.2 min read
BusinessAmazon Adds Its Advertising Reach to ChatGPT via Managed DSP IntegrationOn September 10, Amazon enabled advertisers to extend campaigns into ChatGPT using its demand-side platform as a managed service.2 min read
BusinessFormer OpenAI Executive Fidji Simo Joins Nscale Board Ahead of Planned IPONscale has appointed Fidji Simo — former OpenAI executive and ex-CEO of Instacart — to its board as the UK AI data-center startup prepares for a possible IPO this fall.2 min read
BusinessEnflame’s Shanghai IPO Soars, Underscoring Rise of Chinese AI-Chip MakersEnflame, a Tencent-backed Chinese AI-chip maker, saw its shares jump from an offering price of 142 yuan to 470 yuan on its first day in Shanghai, briefly more than tripling in value and trading around 400 yuan afterward.3 min read
BusinessAdobe posts record quarter but cautious AI outlook and CEO change weigh on stockAdobe reported a record $6.76 billion in revenue for fiscal Q3 2026 and strong subscription and AI-related growth, yet its guidance for the upcoming quarter fell short of analyst consensus.3 min read
BusinessMoonshot mulls dual listing in Shanghai and Hong Kong amid funding and IPO pipeline concernsChinese AI startup Moonshot is reportedly considering simultaneous listings in Shanghai and Hong Kong as it seeks additional funding and navigates a crowded Hong Kong IPO market.2 min read
