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Tech Across the Globe

OpenAI acquisition: The artificial intelligence company acquired Software Applications, a startup founded by former Apple employees that is building an AI-powered interface of Mac desktops. 

Xbox cuts: Microsoft is asking its Xbox gaming division to produce profit margins well above the industry average, spurring the unit to cancel projects, raise prices and cut jobs.

Chipmaker plans: Chinese chipmaker Yangtze Memory Technologies is considering an initial public offering that may value the company at more than $40 billion, making it one of the biggest listings in mainland China in years.

Revalued

Crusoe, a partner of OpenAI in its effort to build massive data centers for AI work, raised $1.38 billion in a round that values the company at more than $10 billion. Crusoe is operating OpenAI and Oracle’s first Stargate project in West Texas and has announced a project with Blackstone-backed Tallgrass to develop a 1.8 gigawatt AI data center campus in southeast Wyoming.

Must Read

Venture capital firms are pouring money into artificial intelligence startups while using the technology to try to make it easier to find the next hot AI firm, Kate Clark reports in today’s Tech In Depth.

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This Week in Soundbite

Artificial intelligence is helping create a new type of art — as seen in the case of Xania Monet, an AI singer who recently signed a $3 million record deal, Ashley Carman writes in this week’s Soundbite. Carman sat down with the manager of Monet’s creator, Telisha Jones, to learn the story behind the hit AI music maker.

Sign up for the Soundbite newsletter to get exclusive reporting on podcasting, the music industry and audio trends from Ashley Carman.

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