BusinessPrice Pressure, Not Safety, Drove Recent Rhetoric at Major AI LabsAnthropic CEO Dario Amodei published a 10,000-word essay urging frontier AI labs to slow model advances; Sam Altman, Elon Musk and Demis Hassabis quickly signalled support.2 min read
BusinessSoftBank shares plunge as AI safety warnings and heavy OpenAI spending raise investor concernSoftBank's Tokyo-listed shares fell more than 13% on Monday — the largest one-day drop in nearly three months — after leaders at Anthropic and OpenAI urged a slowdown in frontier AI development for safety reasons.2 min read
BusinessSuperhuman acquires YC-backed meeting notetaker Fathom to expand AI productivity suiteSuperhuman has acquired Fathom, a Y Combinator–backed meeting notetaker that launched in 2020 and has recorded over one million meetings.3 min read
BusinessStartup 'A Vinly Bar in Shibuya' builds playful music creation apps without centering generative AIA Vinly Bar in Shibuya, founded by former Spotify innovation lead Máuhan M Zonoozy, raised $5.5 million in pre-seed funding to launch a suite of small music-creation apps that emphasise interaction over AI-driven song generation.3 min read
BusinessCornelis raises $205M to expand networking fabric for AI chipsCornelis announced on Monday that it raised $205 million in a funding round led by IAG Capital Partners to expand its networking technology for AI accelerators.2 min read
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
