Tech

Deloitte is partnering with Anthropic to deploy Claude AI assistant to its 470,000 employees globally, Anthropic’s largest enterprise deployment to date. Deloitte aims to enhance productivity and client solutions using tailored Claude “personas” for various roles and a dedicated Center of Excellence. This investment allows Deloitte to advise clients better, demonstrating AI’s potential and fostering internal innovation. The partnership underscores Anthropic’s global expansion and growing demand for AI solutions, following its recent model unveiling and significant funding round.

Cerebras CEO Andrew Feldman addressed the withdrawal of the company’s IPO registration, citing significant improvements in the business since the initial filing. A refiling with updated financials and strategy is planned, reflecting a transformation and expansion into cloud services for AI models. Cerebras secured $1.1B in pre-IPO funding. Cerebras aims to compete with Nvidia by offering high-performance wafer-scale engines (WSE) for AI, claiming superior computational density and memory bandwidth, especially for large-scale AI models.

Instagram launched “Rings,” awarding 25 creators a gold ring and profile badge, chosen by figures like Adam Mosseri and Spike Lee. This comes as Meta ended its creator bonus program and brand deals decline, raising questions about Meta’s creator support strategy. While offering profile customization, the initiative emphasizes recognition over direct compensation. With rivals offering revenue-sharing and a decline in brand deals, the long-term viability of symbolic rewards remains uncertain for creators needing reliable income.

Firefly Aerospace (FLY) stock rose 12% after announcing the acquisition of defense contractor SciTec for $855 million in cash and stock. The purchase aims to boost Firefly’s national security capabilities, integrating SciTec’s software for advanced missile warning and autonomous control. This follows a recent stock dip after a rocket test explosion. Firefly, which went public earlier this year, also has secured significant NASA and Northrop Grumman contracts. SciTec will operate as a Firefly subsidiary post-acquisition, providing immediate access to defense technologies.

OpenAI and AMD have reportedly finalized a deal where OpenAI will take a 10% stake in AMD, driving AMD’s stock up. OpenAI plans to deploy 6 gigawatts of AMD’s GPUs, starting with 1 gigawatt in 2026. AMD will issue OpenAI a warrant for 160 million shares, vesting upon achievement of deployment and performance milestones. This partnership aims to alleviate supply chain concerns and diversify OpenAI’s hardware sources. This deal, alongside existing agreements with Nvidia, signifies OpenAI’s massive $1 trillion investment in AI infrastructure. Analysts highlight the interconnectedness and potential vulnerabilities within this AI supply chain.

Tesla has released cryptic teaser videos on X, hinting at a potential new vehicle unveiling on October 7th. The teasers, featuring a spinning component and distinctive headlights, have fueled speculation about a next-generation Roadster or a long-anticipated mass-market model. Analysts believe a competitively priced vehicle is crucial for Tesla’s growth amidst increasing competition and evolving consumer preferences, especially in key markets like Europe and China, where domestic EV manufacturers are gaining ground. The unveiling’s success will be vital for Tesla’s future market position.

Amazon is closing four more Amazon Fresh supermarkets in Southern California, continuing to streamline its grocery strategy. This follows previous closures, impacting locations across the U.S. and U.K. The company is focusing on Whole Foods Market and delivery infrastructure. While closing some Fresh stores, Amazon is innovating with compact “daily shop” Whole Foods Market stores and expanding same-day delivery. CEO Andy Jassy remains optimistic about Amazon’s grocery business, leveraging its e-commerce infrastructure and Prime membership to capture a larger market share.

Cerebras Systems, an AI chipmaker challenging Nvidia, has withdrawn its IPO plans despite recently securing $1.1 billion in funding. The company, valued at $8.1 billion, stated it “does not intend to conduct a proposed offering ‘at this time.'” While the initial IPO filing revealed a dependency on G42, it received CFIUS clearance. Cerebras has shifted towards a cloud-based service model for its Wafer Scale Engine. CEO Feldman believes the original prospectus is outdated due to the rapidly evolving AI landscape. Analysts suggest concerns over customer concentration and competition may have influenced the decision.

OpenAI’s video generation app, Sora 2.0, quickly topped Apple’s App Store free app charts after its release this week. Currently invite-only and limited to iPhone users in the U.S. and Canada, it allows users to create short AI videos. Access codes can be sought through OpenAI’s Discord server, X, and Reddit. Sora 2.0 promises enhanced realism and user control. The app raises questions about the future of AI-driven video creation, including content authenticity and potential misuse.

Quantum computing stocks are surging, driven by positive industry developments and increased investor interest. Rigetti, D-Wave Quantum, and Arqit Quantum have seen significant gains this week. This follows purchase orders for Rigetti’s quantum systems and a 300 million euro investment from Novo Holdings and the Danish government. Nvidia is also emphasizing its role in enabling quantum advancements. Tech giants like Microsoft, Nvidia, and Amazon are heavily investing in quantum chip development and infrastructure. These investments signal a move toward commercialization and highlight the transformative potential of quantum computing.