Power Company

Power Company ERock Seeks to Raise $642 Million in IPO

Erock makes distributed power systems for data centers, utilities and large commercial and industrial businesses. Photographer: Ben Torres

Modular Power Systems Company ERock Raises $600 Million in IPO

Launch HN: Hyper (YC P26) – Company brain to power agentic development

Hey HN, we’re Shalin & Kanyes, best friends who've been hacking together for 10+yrs, and now founders of Hyper (https://heyhyper.ai/). Hyper is a shared “company brain” that plugs into information flowing inside a company to make AI agents and automations better and ultimately save people time. Models have gotten good enough that they can (mostly) take on long-horizon, complex tasks.

Utility companies want to pay you to generate power for the electrical grid

HOUSTON — Jeff and Jenny Wright haven’t paid an electric bill for their Houston home in more than a year. Instead, the couple sells their unused power back to the grid in a system that some states hope can offer a way to help meet surging demand for electricity. Americans today pay 40% more, on average, for their electricity than they did just six years ago.

Anthropic releases Fable 5 model, built on the same tech that spooked the government

Anthropic released its latest model Tuesday afternoon, heralding the public’s first access to the AI company’s most powerful class of AI systems. The company says the model, termed Fable 5, is the first publicly available product in the same family as Anthropic’s powerful Mythos models, which sent shockwaves through the cybersecurity world earlier this year for their superhuman ability to find and exploit cyber vulnerabilities. “Fable’s capabilities exceed those of any model we’ve ever made...

SoftBank overtakes Toyota to become Japan’s largest company

Demand for AI stocks powers tech giant’s shares, helping it become biggest group by market capitalisation

NVIDIA's RTX Spark is an AI "superchip" that will power Windows laptops and desktops

NVIDIA's RTX Spark is an AI "superchip" that will power Windows laptops and desktops The company claims it offers 1 petaflop of AI computing power. It was only a matter of time before NVIDIA released a powerful system-on-a-chip (SOC) to take on AMD's Ryzen AI Max and Qualcomm's latest Snapdragon X2 chips. At Computex today, NVIDIA unveiled the RTX Spark, a "superchip" meant to give both laptops and small desktops fast AI and graphics performance.

Anthropic urges US to require safety tests for most capable AI models

Anthropic urges US to require safety tests for most capable AI models WASHINGTON, June 10 : Anthropic called on the U.S. Congress not to block state laws regulating AI unless it enacts a "rigorous" federal law that addresses "catastrophic AI risks," according to a company statement. The company also urged Congress to require AI companies put their most powerful models through independent safety tests, according to the statement.

OpenAI Confidentially Files for IPO on the Heels of SpaceX and Anthropic

OpenAI has filed confidential paperwork for an initial public offering, the company announced on Monday, kicking off what could be a monthslong process toward debuting on a US stock exchange. The move makes it the third company to file for what could be a trillion-dollar IPO this year. Tech companies pursuing the most powerful AI models, including publicly traded giants Alphabet, Amazon, Meta, and Microsoft, are hungry for tens of billions dollars each to build out more data centers and...

Google will pay SpaceX $920 million a month to use xAI's data centers

Google will pay SpaceX $920 million a month to use xAI's data centers The company needs extra computing power for Gemini Enterprise. Google has just signed a $30 billion AI deal with SpaceX, which owns Elon Musk's xAI. According to a SpaceX filing with the Securities and Exchange Commission, it will receive $920 million a month from Google in exchange for computing power from xAI's data centers, starting in October this year until June 2029.