TECHNOLOGY

Elon Musk's SpaceX and Tesla are initially investing $16.8 billion in Terafab, a planned 100-million-square-foot Texas chip factory that could become the world's largest building and supply advanced chips for AI, robots, autonomous vehicles and space-based computing.

Intel expects to raise about $19.7 billion after expenses from an upsized stock offering as it increases investment in factories, advanced packaging and other capacity needed for AI chips.

Nvidia has signed memorandums of understanding with Apollo Global Management, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs and KKR to create financing platforms for Nvidia customers.

Chip giant Nvidia introduced Nemotron 3.5 Lightning, a "lightweight" open-source AI model that companies can download, modify and use without paying Nvidia or seeking permission.

OpenAI has completed a roughly $7 billion secondary share sale, giving current and former employees a chance to cash out some of their holdings ahead of a possible IPO.

A federal appeals court ruled that thousands of lawsuits filed against Meta and other social media companies for being addictive can move forward.

Surging AI demand is driving up memory chip prices and squeezing supplies available to consumer electronics makers. Morgan Stanley expects the crunch to push PC and smartphone inflation significantly higher.

At least a dozen states have been affected by the recent campaign, including Minnesota, where at least 30 water systems were targeted.

The company, Irregular, is a three-year-old Tel Aviv startup that provides specialized testing environments designed to probe the capabilities and potential security risks of increasingly powerful AI systems.

OpenAI said Friday that its unreleased model, Astra, has performed strongly enough in cybersecurity evaluations that the company cannot yet rule out the possibility that it has reached "Critical" capability.

TSMC's latest sales numbers offer another sign that demand for advanced AI chips remains strong despite growing questions over the enormous cost of the AI spending boom.

Semiconductor giant Intel announced Monday that it plans to raise $15 billion through an underwritten public offering of common stock.

Some House Democrats want to force AI CEOs to testify before Congress regarding the state and safety of the developing technology.

Meta CEO Mark Zuckerberg said putting powerful AI into more people's hands, rather than concentrating it with governments or a handful of companies, offers the best path toward keeping the technology under human control.

Meta will open source one of its most powerful AI models, Muse Spark 1.2.

Bernie Sanders said leading AI companies should honor their own safety commitments before increasingly powerful systems become too difficult to control.

Researchers have used AI to design complete viral genomes that function in labs, potentially advancing medical research but raising biosafety concerns. The breakthrough could aid in combating antibiotic-resistant infections.