| |  | Sep 02, 2025 | | | | | | Welcome back! OpenAI considers building a large data center in India. Meta Platforms' AI leaders discuss using models from Google and OpenAI for the Meta AI chatbot. Health AI startup OpenEvidence considers investment offers valuing it at $6 billion.
| | | | OpenAI is considering building a large data center for artificial intelligence in India, as part of its Stargate effort, according to a source with knowledge of the discussions. The move would follow OpenAI's announcement in May that it was working on a global Stargate program. OpenAI said the first phase of the effort would involve choosing 10 countries that would also commit to funding the new facilities, alongside OpenAI. The firm has already announced plans for a large facility in the United Arab Emirates. Bloomberg first reported on OpenAI's plans for an India data center. OpenAI CEO Sam Altman could announce the facility when he visits the country this month, according to the report. Stargate was originally used to describe an effort between OpenAI, SoftBank and others, which was focused on spending $500 billion on new data centers in the U.S. for OpenAI. But OpenAI now uses the phrase to describe any of its efforts to secure compute capacity, whether SoftBank is involved or not. | | | | Leaders in Meta's new AI organization, Meta Superintelligence Labs, have discussed using Google's Gemini model to provide conversational, text-based answers to questions that users enter into Meta AI, the social media giant's main chatbot, The Information reported. Those leaders have also discussed using models by OpenAI to power Meta AI and other AI features in Meta's social media apps, another person familiar with the talks said. Turning to outside partners for help in AI shows the uphill road Meta faces as it plots a turnaround in AI, after the company stumbled with the development of its own in-house model earlier this year. | | | | OpenEvidence, which operates a ChatGPT-like product for doctors to find health information, is considering multiple investment offers valuing the three-year-old startup at $6 billion, nearly double its private valuation from a financing just one month ago, The Information reported Friday. If a deal happens, the company is likely to raise more than $100 million. The Cambridge, Mass.-based company sells advertising space on its chatbot to pharmaceutical companies, similar to the way Google sells ads on its search engine. It is currently generating more than $50 million in advertising revenue on an annualized basis and has gross margins above 90%. | | | | The Trump administration is taking steps to make it harder for South Korean semiconductor makers Samsung Electronics and SK Hynix to manufacture their chips in China. The U.S. government said Friday that it is revoking the authorizations that allow Samsung and SK Hynix to transfer American chipmaking equipment or technology to their Chinese subsidiaries. Under the new rules, the South Korean firms, which manufacture some of their chips in China, will need to obtain licenses to secure U.S. equipment for their China-based manufacturing facilities. The news rules will come into effect on Dec. 31. Washington's latest move could disrupt the South Korean companies' chip supplies to China. The two firms' China-based plants manufacture memory chips that are used in everything from consumer electronics to artificial intelligence development. The U.S. government also revoked the authorization that allows Intel to transfer U.S. chip equipment or technology to its China-based subsidiaries, but Intel has already sold its memory chip facility in China to SK Hynix. | | | | Elon Musk's xAI sued a former employee for allegedly stealing trade secrets when the engineer left to join OpenAI. The lawsuit accuses former xAI engineer Xuechen Li of downloading information about "cutting-edge AI technologies with features superior to those offered by ChatGPT" days before he resigned from xAI in July and took a job at OpenAI. Li did not immediately respond to requests for comment on the suit, which was filed in federal court on Thursday in the Northern District of California. The suit is one of several lawsuits Musk has filed against OpenAI or its employees. xAI filed an antitrust lawsuit against OpenAI and Apple on Monday and is set to be deposed within the next few weeks as part of a separate suit he personally filed against OpenAI and its CEO Sam Altman over the company's non-profit status. | | | | Taz Patel, the head of advertising and shopping at AI search engine startup Perplexity, has left the company after nine months, according to Adweek. Patel joined the startup last December to help it expand its business beyond subscriptions to its AI-powered search engine. Since then, Perplexity has experimented with ads that run alongside answers to some queries and new shopping features that recommend products to users and allow them to purchase those products with a single click. These new businesses only seem to be contributing a small amount to Perplexity's top line. Last year, advertising revenue contributed only $20,000 out of the company's $34 million in total revenue, The Information reported. | | | | Flip, a video-sharing social media app that at one point tried to challenge TikTok's dominance, has shut down, according to a message to users and the company's website. Flip didn't immediately respond to a request for comment. The social commerce app raised over $300 million from investors since its founding in 2019, and was valued in April 2024 at more than $1 billion, according to PitchBook data. Backers of the company included WestCap, Mubadala Capital and the advertising technology company AppLovin. In July 2024, Flip acquired Curated, another social commerce startup backed by Forerunner Ventures and Greylock, for $330 million in equity. Flip's mobile app featured a TikTok-like scrollable feed of short videos, mainly focused on product reviews and recommendations from creators and other users. Creators could earn commission on products users purchased from their videos. But the company paid heavily to spread the word about its videos. It rewarded users with credits, sometimes worth hundreds of dollars, to purchase goods featured on the app if the users got others to create Flip accounts. More recently, the company tried to capitalize on fears of TikTok shutting down in the U.S. earlier this year by offering creators shares in a $100 million pool of Flip equity. | | | Popular articles
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