Google Plans to Invest $100M in Fluidstack to Expand AI Chip Market
Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly.AI-POWERED DEVICES:OpenAI has more than 200 employees focused on developing AI-powered devices, including a smart speaker expected to be priced between $200 and $300, as well as potential smart glasses and a smart lamp, The Information's Stephanie Palazzolo and Qianer Liu. The initiative signals a broader push beyond software into consumer hardware built around AI experiences, the report notes.AI CHIPS MARKET:Google, seeking to expand the market for its AI chips by increasing financial support to data-center partners to compete with Nvidia, is in talks to invest $100M in cloud startup Fluidstack, part of a deal that values it at $7.5B, and supports other data-center partners, The Wall Street Journal's Raffaele Huang, Kate Clark, and Berber Jin. Some managers at Google's cloud-computing division recently refreshed a longstanding internal debate about restructuring the TPU team into a standalone unit, people familiar with the discussions say, adding that a potential challenge is that Google's cloud business relies heavily on Nvidia chips.CLAUDE CODE SECURITY:Claude Code Security, a new capability built into Claude Code on the web, is now available in a limited research preview, Anthropic said in a blog. It scans codebases for security vulnerabilities and suggests targeted software patches for human review, allowing teams to find and fix security issues that traditional methods often miss. "Claude Code Security is intended to put this power squarely in the hands of defenders and protect code against this new category of AI-enabled attack. We're releasing it as a limited research preview to Enterprise and Team customers, with expedited access for maintainers of open-source repositories, so we can work together to refine its capabilities and ensure it is deployed responsibly." Anthropic added: "This is a pivotal time for cybersecurity. We expect that a significant share of the world's code will be scanned by AI in the near future, given how effective models have become at finding long-hidden bugs and security issues. Attackers will use AI to find exploitable weaknesses faster than ever. But defenders who move quickly can find those same weaknesses, patch them, and reduce the risk of an attack. Claude Code Security is one step towards our goal of more secure codebases and a higher security baseline across the industry." Publicly traded companies in the space include Check Point, CrowdStrike, CyberArk, F5, Fortinet, Gen Digital, Okta, Palo Alto Networksand Qualys.
