Accounts for OpenAI UK Ltd show 110 employees shared £87m in salaries and £168m in shares last year, an average of about £2.3m each. The figures illustrate how much the ChatGPT maker is spending on talent as it prepares a new London headquarters in King's Cross.
New York Attorney General Letitia James disclosed a multi-state investigation into Character.AI that has run for years, as states push for protections on consumer data that could be sold in its bankruptcy. She is among 40 bipartisan attorneys general who filed a notice of interest in the case.
Modal, a cloud platform that runs AI models and code for developers, raised $750 million in a Series D at a $15.75 billion valuation. Accel led the round with Kleiner Perkins joining, and all existing investors took part; its annualized revenue run rate now exceeds $1 billion.
Bank of America brought in 1,000 contractors to fix software vulnerabilities uncovered by Anthropic's Mythos model. The move offers a rare glimpse of what defending against AI-discovered flaws costs a large company.
Dell shares fell 11 percent and led a broader sell-off in data center stocks after Barclays downgraded Dell, HPE and NetApp. The bank cited concerns that enterprise adoption of AI is lagging.
Oxfordshire photonics firm Salience Labs closed an oversubscribed $125M Series B led by Bullhound Capital, with AMD Ventures, Intel Capital and the British Business Bank participating. The money will go toward scaling production of its optical switches for AI data centres and opening a second West Coast office.