Funding
OpenAI Trims Its Ask to $20B, Keeps the $1.25T Price Tag
OpenAI cut its latest round target from up to $30 billion to up to $20 billion, while still asking for a $1.25 trillion valuation.
Today’s quick read
Read today’s brief Daily Brief: ChatGPT and Codex share one allowance, Aramco buys into HUMAIN
OpenAI moves ChatGPT and Codex onto one token allowance, Aramco takes 49% of HUMAIN, xAI's Colossus permit suit goes ahead, and Apple Intelligence reaches China with Qwen.
AI Infrastructure
Intel Gets Mugged by AI's Appetite for Memory
Intel's shares fell more than a quarter after a weak forecast it blamed on memory shortages caused by AI data centres.
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AI Agents
Google lets rival AI agents into Android Studio
Android Studio's Bring Your Own Agent mode runs 40+ outside coding agents, OpenAI and Anthropic included.
Nvidia
Canada buys a stake in Cohere, with strings attached
Ottawa puts up to C$1.6 billion into Cohere's Series E, on condition it stays Canadian and builds compute at home.
AI Infrastructure
Cloudflare's AI Served Strangers Each Other's Answers
A config mismatch and an SGLang bug sent 155 cached Workers AI responses to the wrong customers.