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Synopsys, Amazon Web Services sign chip design licensing deal worth more than $1 billion

Synopsys, Amazon Web Services sign chip design licensing deal worth more than $1 billion

By Stephen Nellis SAN FRANCISCO, Sept 30 (Reuters) - Synopsys and Amazon Web Services on Wednesday said that Amazon.com's cloud computing unit has entered a multi-year deal worth more than $1 billion to license chip design intellectual property from Synopsys.

OpenAI's annualized recurring revenue nears $70 billion, source says

OpenAI's annualized recurring revenue nears $70 billion, source says

By Krystal Hu and Jaspreet Singh Sept 29 (Reuters) - OpenAI's annualized recurring revenue is approaching $70 billion, driven by a more than twofold increase in enterprise sales since July, a source familiar with the matter told Reuters on Tuesday.

Synopsys, OpenAI strike deal to develop AI model for chip design work

Synopsys, OpenAI strike deal to develop AI model for chip design work

By Stephen Nellis SAN FRANCISCO, Sept 30 (Reuters) - Synopsys, a maker of software used in designing computing chips, said on Wednesday that it has struck a deal to share revenue with OpenAI as the two develop an AI model for the chip business.

Equities end slightly lower as bond yields hold near multi-decade highs

Equities end slightly lower as bond yields hold near multi-decade highs

By Chuck Mikolajczak NEW YORK, Sept 29 (Reuters) - US stocks ended the session slightly lower on Tuesday, as government bond yields continued their ascent ahead of inflation and labor market data, while investors assessed comments from Federal Reserve officials for the path of interest rates.

FTC opens probe into AI giants including Anthropic and OpenAI

FTC opens probe into AI giants including Anthropic and OpenAI

By Jody Godoy Sept 30 (Reuters) - The Federal Trade Commission is conducting an industry-wide probe into Anthropic, OpenAI and other AI labs to uncover the potential dangers their technology poses to consumers, a senior FTC official told Reuters on Wednesday.

Across the US, local revolts grow as AI data center boom expands

Across the US, local revolts grow as AI data center boom expands

Residents nationwide are fighting back against the rapid construction of massive data centers over local concerns.

HPE boosts networking growth outlook, gets $1.2 billion AI order from cloud firm Vultr

HPE boosts networking growth outlook, gets $1.2 billion AI order from cloud firm Vultr

Sept 30 (Reuters) - Hewlett Packard Enterprise on Wednesday raised its long-term revenue growth forecast for its networking business, driven by the AI boom and announced a $1.2 billion order to provide AMD server racks to cloud firm Vultr.

Anthropic's IPO prospectus shows sweeping AI vision, surging costs

Anthropic's IPO prospectus shows sweeping AI vision, surging costs

By Echo Wang Sept 28 (Reuters) - Anthropic is making a massive bet that AI will transform the global economy more profoundly than industrialization, electricity and the internet, according to its IPO prospectus seen by Reuters. But the cost to get there will be staggering.

Factbox-Anthropic IPO prospectus shows key executives and board

Factbox-Anthropic IPO prospectus shows key executives and board

Sept 28 (Reuters) - Anthropic's IPO prospectus, seen by Reuters, reveals its board and key executives at the helm of the AI giant, as it moves to beat its arch rival OpenAI to go public.

Jefferies beats profit estimates on deal surge, equities trading strength

Jefferies beats profit estimates on deal surge, equities trading strength

Sept 28 (Reuters) - Jefferies Financial beat third-quarter profit estimates on Monday, as higher fees from advising on deals and underwriting stock sales were complemented by a record haul in equities trading business.

Exclusive-Anthropic's IPO prospectus shows sweeping AI vision, surging costs

Exclusive-Anthropic's IPO prospectus shows sweeping AI vision, surging costs

By Echo Wang Sept 28 (Reuters) - Anthropic is making a massive bet that AI will transform the global economy more profoundly than industrialization, electricity and the internet, according to its IPO prospectus seen by Reuters. But the cost to get there will be staggering.

Anthropic's path from AI startup to industry-defining IPO

Anthropic's path from AI startup to industry-defining IPO

Sept 28 (Reuters) - Anthropic's IPO prospectus, reviewed by Reuters, laid out a sweeping vision in which AI would reshape the global economy more profoundly than industrialization, electricity and the internet, as the Claude maker moved closer to what could be the first listing by a frontier AI lab.