Author: Advanced AI Bot

Shares of CoreWeave closed flat at $40 on their first day of trading on the Nasdaq today. Shares had opened at $39 on Friday, a day when the Nasdaq sank 2.7% on tariff and inflation concerns. The day before, the Livingston, New Jersey-based cloud-based AI infrastructure company priced shares at $40 each, raising a reported $1.5 billion. Shares priced below the projected range of $47 to $55 per share laid out in a filing last week. CoreWeave filed for its Nasdaq IPO earlier this month. The filing follows a period of sharp growth for the 8-year-old company, which posted revenue…

Elon Musk on Friday said his artificial intelligence startup, xAI, will buy X, the social-media platform he also owns, for $33 billion in an all-stock transaction. The deal will value xAI at $80 billion, making it the second-most valuable AI company behind OpenAI, which is said to be close to finalizing a $40 billion investment with SoftBank. “This combination will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach,” Musk said on X. “The combined company will deliver smarter, more meaningful experiences to billions of people while staying true to our core mission of…

With M&A on the rise, we break down how Nvidia is using acquisitions — including purchasing synthetic data startup Gretel last week — to strengthen its positioning in the next wave of AI development. This research comes from the March 25 edition of the CB Insights newsletter. You can see past newsletters and sign up for future ones here. M&A is back. Below, we break down what’s driving the surge in deals, then zoom in on Nvidia’s latest purchase. Buyers on the prowl Q1’25 has already seen 11 $1B+ deals for VC-backed companies worth a combined $54.5B — blowing past quarters out of the…

It can be difficult to determine how generative AI arrives at its output. On March 27, Anthropic published a blog post introducing a tool for looking inside a large language model to follow its behavior, seeking to answer questions such as what language its model Claude “thinks” in, whether the model plans ahead or predicts one word at a time, and whether the AI’s own explanations of its reasoning actually reflect what’s happening under the hood. In many cases, the explanation does not match the actual processing. Claude generates its own explanations for its reasoning, so those explanations can feature…

An excerpt from the upcoming book “The Optimist: Sam Altman, OpenAI, and the Race to Invent the Future” offers new details about why OpenAI’s board briefly fired CEO Sam Altman back in 2023. Written by Wall Street Journal reporter Keach Hagey, the book claims the nonprofit’s board members became increasingly concerned after learning about issues such as an OpenAI Startup Fund that was actually personally owned by Altman. At the same time, co-founder Ilya Sutskever and CTO Mira Murati were reportedly collecting evidence of what they saw as Altman’s toxic and dishonest behavior, complete with screenshots from Murati’s Slack channel.…

Four years after going public at a $3.5 billion valuation, 23andMe Holding Co. today filed for bankruptcy. The company, which sells saliva-based genetic testing kits for consumers, will continue operating during the Chapter 11 proceedings. It plans to take out a $35 million loan to finance day-to-day activities. According to court documents filed in connection with the bankruptcy, 23andMe’s main priority will be finding a buyer. “We expect the court-supervised process will advance our efforts to address the operational and financial challenges we face, including further cost reductions and the resolution of legal and leasehold liabilities,” said 23andMe board Chair…

Big-data management company Komprise Inc. said today it’s expanding its popular Elastic Data Migration platform, with new capabilities that allow it to automate fully every step of the most complex enterprise data migrations. The company specializes in unstructured data management, and one of its main capabilities is moving this information from on-premises environments to the cloud. It claims that its platform is able to accelerate these operations by up to 25 times over existing data migration methods. It does this thanks to its proprietary Hypertransfer technology, which addresses shortcomings in the SMB network protocol that’s commonly used to move files…

OpenAI is adding support for Anthropic’s Model Context Protocol, an open-source standard for connecting artificial intelligence applications to data repositories. Developers can use it to ensure their chatbots only provide responses based on relevant information. OpenAI CEO Sam Altman announced on Wednesday via X that the protocol can now be used in the Agents SDK, its toolkit for building AI-powered agents. The company’s developer team added that it is working on adding support for the ChatGPT desktop app and OpenAI API, and will announce more in the coming months. SEE: Have Some Spare Cash? You’ll Need it for OpenAI’s New…

Decision-making is complex, but getting the right insights shouldn’t be. However, business leaders often face delays due to traditional analytics workflows and overwhelmed data teams. At the same time, AI leaders encounter lengthy deployment cycles and integration challenges. In fact, 66% report lacking the right tools to deploy AI solutions that align with company goals. Integration challenges and long deployment cycles—often seven months or more—delay progress and make it harder to meet executive expectations. Generative AI and agentic AI promise a way forward, but adoption remains difficult. 77% of business leaders fear they are already falling behind and are pushing…

An excerpt from the upcoming book “The Optimist: Sam Altman, OpenAI, and the Race to Invent the Future” offers new details about why OpenAI’s board briefly fired CEO Sam Altman back in 2023. Written by Wall Street Journal reporter Keach Hagey, the book claims the nonprofit’s board members became increasingly concerned after learning about issues such as an OpenAI Startup Fund that was actually owned by Altman. At the same time, co-founder Ilya Sutskever and CTO Mira Murati were reportedly collecting evidence of what they saw as Altman’s toxic and dishonest behavior, complete with screenshots from Murati’s Slack channel. For…