3 results found
AI-focused hedge fund Situational Awareness, which recently lost billions following a downturn in AI stocks, is now under investigation by the Securities and Exchange Commission (SEC). The SEC has issued subpoenas to banks associated with the fund, though no formal accusations of wrongdoing have been made against Situational Awareness yet.
Jeff Bezos has joined a consortium acquiring a minority stake in Liverpool FC, while a former Meta AI director launched Noosphere Labs, a physical AI startup with $10.25 million in funding. Simultaneously, supply chain company Auger moved its HQ from Seattle to Dallas, and Microsoft retired its Mico AI blob as it consolidates Copilot into a "Super App." These events reflect significant shifts in tech investment, AI development, and regional tech ecosystems.
NVIDIA has announced a multiyear strategic partnership and a significant investment in Mira Murati's AI startup, Thinking Machines Lab. The deal includes a commitment for Thinking Machines to deploy at least a gigawatt of NVIDIA's next-gen Vera Rubin systems, reportedly worth tens of billions of dollars, fueling the AI compute race.
