OpenAI has completed a $7 billion employee share buyback at an $852 billion valuation, creating one of the most consequential liquidity events in the private artificial intelligence market. The transaction gives current and former employees an opportunity to convert part of their equity compensation into cash while allowing the company to maintain the private valuation established by its latest major financing. More importantly, the structure of the transaction reveals a great deal about...

The artificial intelligence race is rapidly becoming an infrastructure race. As frontier models grow more capable, the limiting factor is no longer simply access to algorithms, training data, or specialized talent. The ability to secure enormous quantities of computing power, electricity, land, cooling capacity, networking infrastructure, and financing is increasingly determining how quickly an AI company can scale. Anthropic’s new partnership with Macquarie Asset Management and Singapore’s...

The robotics industry is moving toward a new phase in which machines are expected to do more than execute predefined instructions. The next generation of robots must understand language, interpret continuously changing environments, coordinate their movements, recover from mistakes, manipulate unfamiliar objects, and work safely alongside humans. That is the ambition behind Google’s Gemini Robotics 2 family, introduced as an intelligence layer designed to give robots broader physical...