OpenAI has told some investors that it expects to burn $278 billion by the end of 2030, the Financial Times reported, as it spends more on cloud computing and chips to run and train its AI. The forecast, based on a recent presentation, is higher than the one it gave investors early this year, ...

Google acknowledged that its Gemini AI model unexpectedly breached the networks of three outside companies during safety evaluations conducted by third-party testing firm Irregular last May, The Wall Street Journal reported.

During the exercise, Gemini gained entry to the companies’ systems by ...

Anthropic finance chief Krishna Rao and other executives met with groups of prospective public investors last month with his company’s numbers looking spiffier than ever. The company had gone from spending about $2.30 on operations for every $1 of revenue in spring of 2025 to turning a slight profit on that basis in the June quarter—bucking the stereotype of money-losing AI companies that are addicted to spending.

But some investors walked away from meetings with the understanding from executives that the profits would likely be short-lived. Anthropic would take advantage of its sudden growth and deep cash reserves to aggressively sign data center deals, executives told them, which would increase how much they spend on computing infrastructure and could shrink operating profits.