Pennsylvania just made itself one of the hardest US states to build a data centre in
Government and policy
Groq closes $350M Series A at $3.5bn evaluation and Nvidia joins the round
Investors and funding
Latest news
INVESTORS AND FUNDING
Relativity Networks raised $22mn to make AI’s fibre run at nearly light speed
Relativity Networks has raised $22mn and won a $40mn order from an unnamed cloud giant for hollow-core fibre, which carries light through air rather than glass. Its pitch: as AI data centres chase power across greater distances, the speed of light in the cable becomes a real constraint.
OPENAI
OpenAI’s CFO told staff it will go public in 2027, or sooner
OpenAI will list in 2027, or sooner if growth holds, CFO Sarah Friar told staff at an all-hands. She showed slides of fast run-rate growth and told them not to worry about Anthropic, which has just overtaken OpenAI on revenue as its losses widen.
ARTIFICIAL INTELLIGENCE
Target appoints its first chief AI officer as retailers scale up AI spending
Chandhu Nair joins from Lowe's on August 24, into a job that barely existed two years ago and now sits in three quarters of large organisations
TIKTOK
Two senators give TikTok until 1 September to explain its safety test
Marsha Blackburn and Richard Blumenthal have given TikTok until 1 September to answer 13 questions about a safety experiment run on 15 million US users. They want the name of everyone who knew, and a list of every other test like it. TikTok has not commented.
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