Business
Anthropic, the artificial intelligence company behind the Claude chatbot, is seeking a valuation of up to $1.02 trillion in a blockbuster initial public offering, falling short of earlier expectations as Wall Street grows increasingly cautious about the enormous costs fueling the AI boom. The San Francisco-based company plans to raise…
The Energy Department is touting a $480 million loan meant to help boost oil and natural gas production in the Gulf of America. “The U.S. Department of Energy’s (DOE) Office of Energy Dominance Financing (EDF) today announced the financial close of a $480 million loan for Arena Energy’s Project Elkhorn to increase oil and natural gas production across the Gulf…
Adobe and Google are announcing an AI-focused strategic partnership on Tuesday that will deepen the integration of the two companies’ products. The two companies plan to bring Adobe tools into more Google apps, and also incorporate Google Deep Mind’s AI models into more Adobe apps. For example, Acrobat will be…
The Food and Drug Administration has warned that those who take popular weight-loss drugs carry a small risk of developing a side effect that could lead to permanent vision loss. The agency has instructed all GLP-1 drugmakers to affix new warning labels to their products, which treat obesity, diabetes and…
Bilt, best known for helping renters earn rewards on housing payments, is expanding into local commerce with a new artificial intelligence platform aimed at helping businesses attract customers while giving consumers more ways to earn rewards close to home. The company announced Tuesday that it is launching “Bilt Neighborhood OS,”…
Federal regulators have launched a preliminary evaluation into more than 1.2 million Ford vehicles after side airbags deployed during crashes reportedly left multiple occupants with severe burns requiring medical treatment. The National Highway Traffic Safety Administration (NHTSA) opened the probe last Friday. The notice affects 2021-2026 model Ford Explorer vehicles, including…
A California amusement park will close its gates for the final time next year after more than 50 seasons in business. California’s Great America, owned by Six Flags, in Santa Clara said it will cease operations after it opted not to extend its land lease that expires in June 2028. The…
Corporate secrets can be at risk when executives are targeted in so-called honeypot schemes, which can be aimed at divulging trade secrets or strategic plans and, in certain industries, national security information that could be of use to foreign adversaries. Nvidia CEO Jensen Huang on Sunday admitted to being unfaithful…
China on Monday rejected allegations of a spying operation targeting Nvidia CEO Jensen Huang, dismissing reports of a suspected Chinese intelligence plot as a smear campaign against Beijing. “The so-called Chinese spy narrative is purely a groundless accusation, slander, and a smear,” Chinese Foreign Ministry spokesperson Guo Jiakun told reporters…
The husband-and-wife duo behind Poppi is taking on another corner of the beverage industry, launching a new hydration brand after selling their prebiotic soda company to PepsiCo for nearly $2 billion. Allison and Stephen Ellsworth are investing $2.5 million of their own money into Jetty, a new electrolyte beverage brand…
