Weekend Rundown: AI leaders urge pause as Saudi shuts pipeline
AI chiefs back slowing frontier models and Saudi Arabia halts a key oil pipeline after drone strikes. Plus U.S. politics, a third measles death, and more.
Sam Altman says OpenAI IPO not likely anytime soon
Sam Altman said safety concerns make an OpenAI IPO unlikely this year and not in 2026 either, as debates over AI risks intensify across the industry.
Goodwin Procter AI tool targets venture capital work
Goodwin Procter has launched an AI tool for venture capital financing, part of a $25 million yearly push to build firmwide applications, the firm said.
Chinese military AI distillation uses U.S. model outputs
Chinese military AI distillation leverages outputs from OpenAI and Anthropic models to train domestic systems, spotlighting IP and export control concerns.
Situational Awareness fund slumps from $45B to $10B
Leopold Aschenbrenner’s Situational Awareness fund sold leveraged positions into a chip rout and margin calls, shrinking from $45 billion to about $10 billion.
Alphabet quarterly profit hits $112.1B on investment gains
Alphabet posted $112.1 billion in Q2 net income, driven by $99 billion in investment gains linked to Anthropic and SpaceX, and robust Google Cloud expansion.