Technology

• Microsoft CEO Nadella Calls for ‘Emergency Brake’ on Advanced AI
  Microsoft Corp. Chief Executive Officer Satya Nadella said companies should treat powerful artificial intelligence models as potential insider threats, assume they could be compromised and create an “emergency brake” system to prevent agentic models from going rogue.
• Anthropic AI Model Went Rogue, Submitted Fake Tip to Police
  Anthropic PBC said its Claude AI model carried out additional unintended actions on the digital systems of outside organizations, including submitting a false tip in a police homicide case, prompting a warning from the Trump administration for artificial intelligence companies to secure their systems.
• Cirrus Logic to Have Bid for Synaptics After Onsemi Deal
  Semiconductor company Cirrus Logic Inc. made an unsolicited acquisition offer for Synaptics Inc. last month as it looked to spoil a previously announced deal with On Semiconductor Corp., according to people familiar with the matter.
• Super Micro Case ‘Fixer’ Pleads Guilty to Diverting AI Tech
  A man charged along with Super Micro Computer Inc. co-founder Yih-Shyan “Wally” Liaw of conspiring to send cutting-edge chips to China in violation of US export controls pleaded guilty, according to court documents.
• Ramp Hits $60 Billion Valuation in $1.85 Billion Funding Round
  Fintech startup Ramp has reached a roughly $60 billion valuation with its latest fundraising effort, according to people familiar with the matter.
• 'Black Box' Revenue From Anthropic and OpenAI Stumps Traders
  When measuring the race between artificial intelligence leaders OpenAI and Anthropic PBC, investors have run into a problem: The two private companies calculate a closely watched revenue figure differently.
• Bearish Bond Narrative Has Gone Too Far, Deutsche Bank Says
  The swing to deeply-negative sentiment on fixed-income assets this year has gone too far, with the market underpricing the risk of an artificial-intelligence blowup that triggers a rush into bonds, according to Deutsche Bank AG’s George Saravelos.
• Beaten Down Loans from Proofpoint, Sophos Climb as AI Fears Ease
  A series of leveraged loans recently sold by software companies are climbing as investor fears about the industry ease and lenders that couldn’t originally buy the debt snatch it up.
• Nvidia in Talks to Buy or Deepen Role in Reflection AI, FT Says
  Nvidia Corp. is in early-stage negotiations to acquire or further invest in startup Reflection AI, an American developer of open-weight models, the Financial Times reported.
• Tax Breaks Partly Fuel Data Center Boom, Democratic Report Says
  Generous state and local tax breaks for data center building is causing the loss of billions in tax revenue, according to a new report from Senate Democrats.
• Andreessen Horowitz Backs Jev Maker at $7.5 Billion Value
  TypeSafe AI, the startup behind Jev, a new artificial intelligence model that went viral after it launched only a few weeks ago, has raised about $870 million at a $7.5 billion valuation in a financing led by Andreessen Horowitz.
• EA Turns to Egan-Jones Rating as Angry Bondholders Claim Default
  Electronic Arts has told a group of creditors that it secured an investment-grade rating from Egan-Jones Ratings Co. for a subset of bonds, using the designation to counter claims that it owes them a premium after the video-game maker was taken private.
• Data Center Darling’s $30 Billion IPO Dream Crushed in 48 Hours
  In 48 hours, Firmus Grid Ltd. went from a rising star of the artificial intelligence data center boom to one of the biggest deal flops in recent memory.
• UK Plans to Curb Non-Compete Rules That Angered AI Startups
  The UK is set to curb hiring restrictions that force employees to wait before moving jobs or starting companies, an issue that has drawn the ire of the nation’s technology startups.