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AI & Enterprise
Why Steve Jobs and IBM\'s alliance of the century fell apart at the last minute
The collapse of a planned alliance between IBM and NeXT, founded by Steve Jobs after he was forced out of Apple in 1985, is widely known. The deal would have had IBM license NeXTSTEP for its PCs and engineering workstations. Author Brent Schlender wrote that Jobs’ inflexibility helped unravel the talks. A book recounts IBM’s preparations and a planned $30 million payment. The agreement fell apart after Jobs failed to show up for a Dallas presentation.
AI & Enterprise
OpenAI tops Anthropic in paid AI spending across 47 U.S. states
OpenAI outpaced Anthropic in U.S. consumer spending on paid AI services in 47 of 50 states, based on an analysis of credit and debit card payments from June to August by YipitData. Anthropic led in California, Massachusetts and Montana, and Claude spending was also higher in Washington, D.C. The data exclude free users and may not fully capture corporate spending. a16z said the figures do not represent total revenue.
AI & Enterprise
Akamai signs $11.6 billion computing supply deal with Anthropic
Akamai Technologies has signed a contract to supply Anthropic with $11.6 billion of computing capacity over seven years. Akamai shares rose more than 20 percent in after-hours trading after the announcement. The deal focuses on CPU-centric workloads and will use Akamai Cloud’s distributed network. Anthropic can commit up to an additional $9 billion, lifting the deal to about $20 billion, and received warrants convertible into up to about 5 percent of Akamai common shares.
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Mobility
Ford bets $2 billion to convert U.S. gasoline plant into EV factory
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Industry
Anthro Energy breaks ground on U.S. battery materials plant to pave way for all-solid-state batteries
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Industry
LG Energy Solution starts full operations at Lansing plant making ESS and EV batteries
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Crypto
Riot Platforms sells 4,300 bitcoins to fund AI datacentre network expansion
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Mobility
Ford to launch sub-$30,000 electric pickup Fathom in 2027, take on Tesla
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Crypto
U.S. lawmakers urge CFTC to ban wildfire betting in prediction markets
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AI & Enterprise
Microsoft releases latest cases of Frontier Transformation firms integrating AI into core work
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Crypto
TeraWulf signs 20-year deal with Anthropic in bet on AI data centre
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Industry
Automakers shift from batteries to drones and robots in AI era
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Crypto
U.S. senators press to stop CFTC encroachment on state oversight of prediction markets
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Crypto
World Cup boosts prediction markets; 60 percent of new Polymarket users are first-time crypto users
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Mobility
Ford begins first U.S. production of LFP battery cells, to fit in $30,000 electric pickup in 2027
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Crypto
Bitcoin slides despite U.S. stock market records as miners shift to AI and crypto bills stall
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Crypto
TeraWulf secures data centre site to expand AI and HPC in U.S. Kentucky
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Crypto
Bitcoin miners surge on AI infrastructure boom, spotlighting power assets