Artificial Intelligence

Artificial Intelligence
Nebius shares surge on US$2bn Nvidia investment
Nebius Group shares surged 16% after the world’s most valuable company Nvidia agreed to invest US$2 billion (A$2.8 billion) in the Amsterdam-based artificial intelligence (AI) cloud provider. The giant computer chip maker will buy 21.07 million shares at $94.94 each to give it a 8.3% stake in Nebius, according to a filing with the U.S. Securities and Exchange Commission. Nebius (NASDAQ: NBIS) shares closed US$15.17 (16.15%) higher at $112.00 on Wednesday (Thursday AEDT), capitalising the company at $28.34 billion. Under their new strategic partnership, the companies will develop and deploy the next generation of hyperscale cloud for the AI market from AI natives to enterprises. NVIDIA will support Nebius’ early adoption of NVIDIA’s newest accelerated computing platform to enable the deployment of more than five gigawatts of capacity, enough power for more than four million United States households, by the end of 2030. They said the partnership deepened Nebius and NVIDIA’s relationship across the full AI technology stack from AI factory architecture to production software, enabling Nebius to accelerate the buildout of its industry-leading, full-stack AI cloud platform. The partnership was built upon Nebius’s ongoi
Artificial Intelligence
Meta buys AI agent social network Moltbook
Meta has reportedly acquired Moltbook, a social network for artificial intelligence agents, as Meta bolsters its AI division. Moltbook’s creators Matt Schlicht and Ben Parr will join Meta Superintelligence Labs (MSL), the company’s recently-established AI arm, Axios reported. Meta has not disclosed the financial terms of the deal. “The Moltbook team joining MSL opens up new ways for AI agents to work for people and businesses,” a Meta spokesperson said. “Their approach to connecting agents through an always-on directory is a novel step in a rapidly developing space, and we look forward to working together to bring innovative, secure agentic experiences to everyone.” Schlicht and Parr will begin at MSL on 16 March, Meta told Axios. MSL has made a number of high-profile hires in the past year, including the founder of data labelling company Scale AI, the former CEO of GitHub, and a co-creator of OpenAI’s ChatGPT. Moltbook, created in January, is designed for AI agents from open-source platform OpenClaw. OpenClaw founder Peter Steinberger was hired by OpenAI last month, and its services are now part of an OpenAI-supported foundation. According to Schlicht, Moltbook’s code was largely written by an OpenClaw agent.
Artificial Intelligence
Amazon wins court case against Perplexity
A federal judge has temporarily blocked Perplexity from using its Comet web browser agent to make purchases on behalf of shoppers from Amazon’s online marketplace. Amazon sued Perplexity last November, saying the startup took steps to “conceal” its AI agents so they could continue to scrape the online retailer’s website without its approval. Perplexity claimed that the lawsuit was a bullying tactic. Monday’s ruling put a temporary order in place while both sides argue the legality of using tools designed by one company to make purchases on another company’s website without that company’s consent. “Amazon has provided strong evidence that Perplexity, through its Comet browser, accesses with the Amazon user’s permission but without authorisation by Amazon, the user’s password-protected account,” wrote District Judge Maxine Chesney, who is presiding over the case in San Francisco federal court. Amazon welcomed the ruling, saying it is an important step to maintain a trusted shopping experience for customers. “The preliminary injunction will prevent Perplexity’s unauthorised access to the Amazon store and is an important step in maintaining a trusted shopping experience for Amazon customers,” Amazon spokesperson Lara
Artificial Intelligence
Oracle shares jump after exceptional Q3, guidance
Oracle Corporation shares surged after it reported a 27% increase in net income for the third quarter of the 2026 financial year (Q3 FY26) and forecast continued growth in revenue. The technology giant said net income was US$3.71 billion (A$5.2 billion) in the three months ended 28 February 2026 compared with $2.936 billion in the previous corresponding period. The company, best known for its database software but increasingly moving into cloud computing, said diluted earnings per share (EPS) climbed 25% to $1.27 on revenue which grew 22% to $17.19 billion. Oracle said Q3 FY26 was an “exceptional quarter” with results that exceeded expectations and the first third quarter in more than 15 years where organic revenue and non-GAAP EPS grew at 20% or more. It said revenue from its Cloud infrastructure business, where it competes with companies including Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG) and Microsoft (NASDAQ), was at the high end of its guidance. Remaining Performance Obligations (RPO), representing contracted revenue which is not yet earned, surged 325% to $553 billion at the end of the quarter. Most of the increase was related to large-scale artificial intelligence (AI) contracts, which it did not expect
Artificial Intelligence
OpenAI acquires AI security startup Promptfoo
OpenAI will acquire artificial intelligence cybersecurity company Promptfoo, as it continues to expand its enterprise AI offerings. Promptfoo’s security tools allow businesses to find vulnerabilities in their AI systems during development. Its technology will be integrated into OpenAI’s Frontier platform for enterprise AI agents. “Promptfoo brings deep engineering expertise in evaluating, securing, and testing AI systems at enterprise scale. Their work helps businesses deploy secure and reliable AI applications, and we’re excited to bring these capabilities directly into Frontier,” said OpenAI CTO of B2B Applications Srinivas Narayanan. “As AI agents become more connected to real data and systems, securing and validating them is more challenging and important than ever. Joining OpenAI lets us accelerate this work, bringing stronger security, safety, and governance capabilities to the teams building real-world AI systems,” said Promptfoo CEO Ian Webster. Promptfoo’s team will also be integrated into OpenAI. The companies did not disclose the financial terms of the deal. Promptfoo was valued at US$86 million after its July 2025 funding round, while OpenAI was valued at $730 billion before a $110 billion round last mon

Artificial Intelligence
Data centre startup Nscale raises US$2bn in funding round
United Kingdom-based artificial intelligence data centre company Nscale has raised US$2 billion at a $14.6 billion valuation in a new funding round, and has added former Meta and Yahoo executives to its board. The round was led by Aker ASA and 8090 Industries, with companies including Nvidia, Citadel, Lenovo, and Nokia investing. “Over the next 5 years, Artificial Intelligence will be integrated into every industry, every product, and every job,” said Nscale CEO Josh Payne when announcing the funding round. “This is leading to the largest infrastructure buildout in human history.” “Nscale is leading this buildout. We are building this foundation that the market sits on, the engine of superintelligence.” The company has also added former Meta COO Sheryl Sandberg, former Yahoo President Susan Decker, and former U.K. Deputy Prime Minister and Meta Global Affairs President Nick Clegg to its board, it said. Nscale previously raised $1.1 billion in a September funding round. While it did not disclose its valuation at the time, its latest $14.6 billion value is more than twice its valuation in September, sources told CNBC. In September, Nscale agreed to partner with Nvidia and OpenAI to establish the Stargate UK AI infr
Artificial Intelligence
Anthropic tries to avoid Pentagon blacklist
Anthropic has sued the United States Government to prevent it from being placed on a national security blacklist in an escalation of their dispute over how its technology can be used by the military. The privately-owned artificial intelligence (AI) model developer filed a complaint in the U.S. District Court for the Northern District of California on Monday (Tuesday AEDT) seeking to overturn a Pentagon decision that labelled Anthropic a “supply chain risk”. In the filing, the company, which is known for its Claude chatbot, said the decision violated its constitutional rights, including free speech and due process protections. “These actions are unprecedented and unlawful. The Constitution does not allow the government to wield its enormous power to punish a company for its protected speech,” Anthropic said. The Pentagon on Thursday formally placed a supply-chain risk designation on Anthropic after the company refused to remove guardrails preventing the use of its technology for autonomous weapons or domestic surveillance. This means defence contractors and suppliers have to assert they do not use Anthropic’s AI tools in work related to the Defense Department. The company has sought a formal review of the Departme
Artificial Intelligence
Anthropic back in AI negotiations with Pentagon
Anthropic CEO Dario Amodei has returned to negotiations with the United States Department of Defense, days after talks collapsed and the White House directed federal agencies to stop using the company's AI tools. Amodei is in discussions with Emil Michael, under-secretary of defence for research and engineering, in an attempt to salvage the relationship, the Financial Times reported, citing anonymous sources - with Bloomberg subsequently corroborating the renewed talks. The stakes are massive: Anthropic is preparing to go public. A supply-chain designation that lingers through an IPO roadshow is not merely reputational - it reprices the company's enterprise revenue assumptions entirely. Investors in AI infrastructure, or anyone holding OpenAI-adjacent positions, should note that the classified-network contract Anthropic vacated did not disappear. It just moved.It all kicked off a week ago…Anthropic CEO Dario Amodei told staff that near the end of negotiations with the U.S. Department of Defense, the Pentagon offered to accept the company's contract terms on one condition: delete a specific phrase about "analysis of bulk acquired data" - a clause Amodei said was "exactly matched the scenario we were most worried about".
Artificial Intelligence
Nvidia winding down investments in OpenAI, Anthropic
Nvidia CEO Jensen Huang has said the company’s recent investments in OpenAI and Anthropic may be its last, as they plan to go public later this year. While Nvidia said in September that it would invest up to US$100 billion in OpenAI, this deal reportedly stalled amid Huang’s concerns over OpenAI’s business approach and growing competition in the artificial intelligence sector. It instead invested $30 billion during OpenAI’s funding round last week. “I think the opportunity to invest $100 billion in OpenAI is probably not in the cards,” Huang said at Morgan Stanley’s technology conference. “They're going to go public towards the end of the year, and so this might be the last time we'll have the opportunity to invest in a consequential company like this.” “And our $10 billion investment in Anthropic probably will be the last as well,” said Huang. This investment was announced in November, with the companies agreeing to partner on chip design and engineering. OpenAI is planning an initial public offering in 2026’s fourth quarter, per the Wall Street Journal. “There is definitely some excitement from various investors of ours to go public, and it is something that we are open to doing, but we need to figure out the right t

Artificial Intelligence

Nebius shares surge on US$2bn Nvidia investment

Meta buys AI agent social network Moltbook

Amazon wins court case against Perplexity

Oracle shares jump after exceptional Q3, guidance

OpenAI acquires AI security startup Promptfoo

Data centre startup Nscale raises US$2bn in funding round

Anthropic tries to avoid Pentagon blacklist

Anthropic back in AI negotiations with Pentagon

Nvidia winding down investments in OpenAI, Anthropic

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