The Information — AI
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The Information — AI news-outlet 1mo ago
Nvidia Discusses $2.5 Billion Investment in Mira Murati’s Thinking Machines Lab
Mira Murati’s Thinking Machines Lab is in talks to raise between $5 billion and $6 billion at a pre-money valuation of at least $40 billion, with venture firm Accel in discussions to lead the round, The Information reported . Chipmaking giant Nvidia is expected to contribute…
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Nvidia’s Hugging Face Embrace Burnishes AI Kingmaker Status
Nvidia’s AI chip design rival, Broadcom, may be forecasting rocketing growth . But Nvidia CEO Jensen Huang needn’t worry. He’s deftly parlayed Nvidia’s early AI winnings into what’s likely to be an enduring role as kingmaker in the sector, as he demonstrated by confirming the…
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Adobe Taps Business Product Chief as Next CEO
Adobe has chosen Anil Chakravarthy, a company president who oversees development and sales of its products for businesses, to take over for outgoing CEO Shantanu Narayen, effective Dec. 1. The appointment, which caps a six-month search, suggests that Adobe believes its best…
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Oura Files to Go Public
Oura Inc., the company that sells rings that track people’s health and activities, has turned into an enormously profitable enterprise. Its IPO filing, disclosed on Thursday, showed that it generated $262 million in free cash flow in the nine months ending June 30. Oura is also…
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Snowflake Results Show Enterprises’ Desire For Anthropic Buffer
Snowflake’s strong quarterly report on Wednesday said a lot about what can go right for older software firms that sell AI tools on top of their existing products. While Anthropic, OpenAI and Cursor get the lion’s share of headlines about AI coding, for instance, Snowflake, whose…
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Inside Meta’s Efforts to Ensure Its Upcoming ‘Hatch’ AI Agent Won’t Go Rogue
Meta Platforms CEO Mark Zuckerberg has said AI agents will soon be able to help with everything from health to relationships to finances. First, the company needs to make them safe. That’s been the focus of an extensive effort as Meta prepares to release what it hopes to be a…
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OpenAI Releases GPT-6 Astra Model, Suggests It Could Be AGI
OpenAI on Thursday started releasing its new GPT-6 Astra model, billing it as a major advance in commercial tasks from financial modeling to engineering design. The new flagship model, which OpenAI said also has significant cybersecurity capabilities, will initially be available…
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Thinking Machines Lab In Talks to Raise Billions at Roughly $40 Billion Valuation
Thinking Machines Lab, the AI developer led by ex-OpenAI chief technology officer Mira Murati, is in talks to raise at least $1 billion at a valuation of at least $40 billion before the investment, according to a person with knowledge of the fundraise. Existing investor Accel is…
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What Anthropic's IPO Investors Want to Know
We’re getting ready for Anthropic to make its initial public offering prospectus public sometime after Labor Day . Though the company’s private investors have had a window into its torrid growth and projections , this will be the first time public investors are getting a full…
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Rogo, Hebbia Revenue Rises as Claude Finance Threat Looms
AI startups that aim to supplant the grunt work of junior bankers, private equity analysts and corporate finance associates have attracted billions of dollars of funding. They also face nagging doubts about whether Anthropic and OpenAI will annihilate them before long. The two…
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Tesla Plans to Debut its Cybercab at Launch Event on Thursday
Tesla is holding a launch event for its Cybercab, the company’s first vehicle designed to operate without a steering wheel or brake pedals, in Austin, Texas, on Thursday. The company has invited a select number of Tesla fans to the event which will take place at 4:45 p.m.…
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Anthropic Splits From Google, OpenAI Over State AI Safety Bill
Anthropic is at odds with other big tech firms over a Massachusetts Senate proposal requiring big AI developers to hire independent evaluators to assess catastrophic risks posed by their models every four months. The Massachusetts proposal could set a new standard for AI…
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Nvidia to Buy Hugging Face for $12.9 Billion
Nvidia has agreed to buy AI model platform Hugging Face for $12.9 billion, the latest step by the chip giant to use its financial heft to exert greater control in the AI ecosystem. Nvidia’s announcement confirms The Information’s report last week that Nvidia and Hugging Face had…
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Moonshot AI Files Confidentially for Hong Kong IPO
Moonshot AI, whose Kimi K3 open-source model has become a global hit, has filed confidentially an application for a Hong Kong initial public offering, Chinese media outlet LatePost reported Wednesday. Moonshot’s path to its IPO hasn’t been easy. The company went through an…
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Exclusive: Micro1 Pledges $1 Million AI Training to Former Spirit Employees in Bid for Airline’s Data
Micro1, a startup that sells data to improve AI models’ responses, has committed at least $1 million to train former Spirit Airlines employees with AI skills as part of its bid for the bankrupt airline’s corporate data, the company said. The pledge is part of an effort to…
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Google’s (Small) Antitrust Victory and Microsoft’s Azure Shift
We had lots of news today, including Microsoft’s decision to start breaking out Azure numbers, and Broadcom projecting bonanza growth in its AI chip business in the next couple of years. Oh, and the Trump administration threw its weight behind OpenAI in its copyright lawsuit…
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Exclusive: Meta Tells Engineers AI Token Usage Won’t Be Part Of Performance Reviews
Meta is pulling back further from a push to make AI usage a measure of engineers’ performance, telling employees that the company “will not use AI adoption dashboards or token counts to evaluate impact.” In an internal memo Tuesday from executives Maher Saba and Santosh…
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Meta Unveils New AI Model in Accelerated Effort to Catch Rivals
Meta Platforms announced Wednesday that it’s rolling out another AI model, Muse Spark 1.3. Meta’s chief AI officer, Alexandr Wang, said in an X post that Muse Spark 1.3, which is available through its coding product Muse Code and the Meta model API, is its “most capable model…
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Snowflake Raises Annual Sales Forecast as AI Coding Adoption Grows
Shares of Snowflake rose more than 20% late Wednesday after the database provider surpassed its earlier forecast for product revenue—its most closely watched sales metric—by more than $70 million for the second quarter ending July 31. Snowflake is benefiting as more of its…
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Broadcom Projects AI Chip Revenue to Double in 2027 and in 2028
Broadcom reported 86% higher revenue of $29.6 billion in the quarter ending Aug. 2, a sign that its business helping design AI chips for companies such as Google, Meta and OpenAI is continuing to explode. On an earnings call Broadcom CEO Hock Tan projected that Broadcom would ...
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Exclusive: Nscale Touts $100 Billion-Plus in Contracted Revenue After Anthropic Win
Nscale is telling prospective investors it has about $103 billion of total contracted revenue after clinching a $45 billion computing deal with Anthropic, ahead of an initial public offering for the neocloud that could take place as soon as this month, according to documents…
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Microsoft Discloses Azure Revenue in Accounting Overhaul
Microsoft’s cloud unit Azure’s revenue was $101.9 billion in the twelve months ending in June, Microsoft disclosed Wednesday, up 40% from the year prior. Microsoft made the disclosure, and revealed it will start reporting Azure’s revenue quarterly, as part of a broader overhaul…
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Coinbase Adds Former xAI CFO Anthony Armstrong to Board
Anthony Armstrong, former chief financial officer at SpaceX’s xAI, is joining Coinbase’s board, Coinbase said. Armstrong, who has no relation to Coinbase CEO Brian Armstrong, left xAI as CFO earlier this year after joining last fall. Before joining xAI, Armstrong, a former…
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Trump Administration Sides with OpenAI In Legal Battle with New York Times
The Trump administration backed OpenAI in its legal battle with the New York Times, arguing in a brief that barring AI companies from training their models on publishers’ output would be unfair and hurt U.S. technological competitiveness. The legal brief, filed by lawyers for…
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Why I’m Launching The Information’s AI Show, AI Deep Dive
The Information has become the most trusted source on the AI business by breaking news about the biggest deals in the industry. Now we’re expanding that coverage with a new show called “AI Deep Dive” that will give you a more sophisticated understanding of the technology itself.…
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Why Regulators Are Scrutinizing Prediction Markets' Trading Arms
Fast-growing prediction markets like Kalshi and Polymarket are well known for their consumer apps, where people can bet on everything from sports and elections to the weather and stock prices. But those companies do more than operate consumer apps. Behind the scenes, several…
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A Decade Ago I Bet Big on China Coverage. I'd Do It Again.
I landed in Beijing in March of 2016, Ubered around dozens of tech companies a week and had nightly drinks with Chinese and U.S. investors at the Rosewood in Beijing. On the weekends, I visited the startups that worked Saturdays (they all did) and wandered the malls and parks. I…
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Uber to Cut 10% of Employees
Uber is laying off 10% of its workforce, or about 3,400 people, in an effort to streamline the organization by reducing management layers. In making the announcement, Uber CEO Dara Khosrowshahi told staffers that “the vast majority” of remote employees needed to move to an…
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New Jersey Asks Supreme Court to Rule on Prediction Markets
The Supreme Court may wade into a battle between state lawmakers and prediction markets companies after New Jersey regulators filed a petition with the highest U.S. court to rule on whether sports bets offered by startups like Kalshi and Polymarket fall outside of state gambling…
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Google Avoids Break-Up in Ad-Tech Anti-Trust Case
A federal judge ruled that Google does not need to divest parts of its ad-tech business, despite her earlier ruling that the company monopolized parts of that market, the second time it has avoided an antitrust-inspired breakup. In April 2025, US District Court judge Leonie…
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Anthropic Leader Praises President Trump’s Data Center Stance at G20 Meeting
Anthropic co-founder Tom Brown called on countries to build more data centers at the G20 Innovation Ministerial in North Carolina on Wednesday, arguing that adding more computing power would be the best way for governments to benefit from AI gains. Elon Musk made similar…
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New Reasoning Strategies Sweep Through OpenAI, Other Developers
Before we get to today’s column, we’re just three weeks away from AI Agenda Live , our flagship conference on all things artificial intelligence (a.k.a. my personal Super Bowl). We’ll be joined in San Francisco by top researchers, founders, operators and investors who will be…
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The Two New Executives Steering KKR’s $10 Billion AI Infrastructure Bet
KKR’s new $10 billion AI venture, Helix Digital Infrastructure, has made its first two senior hires under CEO Adam Selipsky, the former Amazon Web Services chief, a person with knowledge of the moves said. The venture, which counts Nvidia among its backers, has tapped Jonathan…
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Fei-Fei Li’s World Labs Unveils New World Model
World Labs, a startup led by Stanford University professor Fei-Fei Li, on Tuesday unveiled Atlas, a new world model that can generate and modify photorealistic, interactive virtual environments based on text, image and video prompts. In a blog post, the startup said Atlas,…
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Anthropic Touts Better Performance, Lower Cost in Upgraded Top Models
Anthropic released upgrades to its top AI models that it said deliver better performance and lower cost. Claude Fable 5.1 will cost an estimated 25% less than Fable 5 for token-based billing on what Anthropic described as typical workloads, the company said in a blogpost…
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Dell Raises Sales Forecast on AI Server Demand
Dell said Tuesday that revenue for its quarter ending in July rose 58% from the year-ago quarter to $47 billion, beating the high end of its own forecast. The maker of personal computers and servers for AI data centers increased its outlook for the year ending in January 2027 by…
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OpenAI Technique in ‘Astra’ Model Sparks Security Concerns
OpenAI says its forthcoming AI model Astra marks a step up in capabilities such as coding and operating applications on a computer. But an innovative technique that improved the model’s performance also means that the model, and others like it, will reveal less of their…
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Why SoftBank Is Rushing SB Energy to the Public Markets
People used to complain that some private tech companies waited too long to go public. Thanks to the AI boom, now we’ve got tech companies going public with hardly any operating business at all. The latest example of that is SB Energy, a SoftBank-controlled solar and battery…
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GoPro to Sell Majority Stake for $285 Million, Pivot to AI and Defense
Action camera company GoPro has agreed to sell a majority stake to optics manufacturer Starman Optical, the two companies said Tuesday. Starman Optical will buy 90% of GoPro’s shares for $285 million in cash, or $1.14 a share. GoPro shares jumped 40% on Tuesday. The deal is…
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Anthropic Customers’ Bills Are 80% Higher Than They Need to Be, Glean Says
As AI search startup Glean moves into competition with rivals like Anthropic in automating white-collar tasks, its executives are zeroing in on two topics keeping corporate chief information officers awake at night: Token costs and data security. Glean last week shared internal…
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At Katzenberg’s Bash, OpenAI, Meta Execs Rub Elbows With Hollywood
Jennifer Hudson, the music superstar, knows how to work a crowd. And what her audience on Saturday may have lacked in rhythm they made up for with wealth and power. In the well-tended Woodside, Calif., backyard of former Dropbox Chief Financial Officer Sujay Jaswa, Altimeter…
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OpenAI Plans to Limit Astra’s Cybersecurity Capabilities
OpenAI plans to limit access to the most advanced cybersecurity capabilities of its forthcoming Astra model, according to a Tuesday blog post. The company said that it believes Astra meets the Critical cybersecurity threshold under its Preparedness Framework, meaning that the…
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Palo Alto Networks Revenue Growth Accelerates as Companies Buy More Security for AI
Palo Alto Networks lifted revenue 34% to $3.4 billion in the three months ending in July. CEO Nikesh Arora attributed the growth, which accelerated from 31% the quarter prior, to growing demand for cybersecurity from companies seeking to defend against new AI-powered threats.…
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Meta Moves Internal Chat From Google To Slack
Meta Platforms’ chief AI officer, Alexandr Wang, told employees Monday that the company will move its internal communications from Google Chat to Slack later this month, according to an internal memo reviewed by The Information. Wang said that when Meta first evaluated Google…
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Meta Unveils New Audio AI Model
Meta Platforms on Tuesday unveiled a new audio transcription model, Muse Voice Transcribe, that CEO Mark Zuckerberg said can transcribe speech to text and segment audio based on who is speaking. According to Zuckerberg’s announcement in a Threads post , the model was trained on…
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Elon Musk Calls on Countries to Build Data Centers at North Carolina G20 Meeting
Elon Musk lamented a global “crisis of power” on Tuesday as the Tesla and SpaceX CEO spoke virtually at a G20 innovation event hosted in North Carolina by the White House Office of Science and Technology Policy and the Commerce Department. Musk cited a likely 15 gigawatt…
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SoftBank’s SB Energy Files to Go Public
SoftBank’s affiliate company SB Energy filed to go public, laying out in detail its ambition to become a neocloud. So far, however, as the filing showed, SB Energy has “no data center capacity” currently operating. SB Energy currently generates revenue from the sale of…
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SpaceX Shakes Up Data Center Leadership After Aggressive Build-Out
Elon Musk has shaken up the SpaceX team building the company’s data centers in recent weeks, replacing several leaders with executives from SpaceX’s rocket and satellite internet businesses, people familiar with the matter said. The data center reshuffle follows some civil…
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Wafer, An Inference Provider That Uses Non-Nvidia Chips, Lands Acquisition Offers and $200 Million-Plus Valuation
Developers and chip designers are increasingly upbeat about the benefits of using AI to supercharge the process of designing and optimizing AI chips, as my colleague Phoebe wrote about last week. Now, a year-old inference provider, Wafer , is trying a similar approach: using AI…
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Shein Ends Flat in Debut After Raising $1.7 Billion in Hong Kong IPO
Shares of Chinese online fashion giant Shein ended flat on its first day of trading on the Hong Kong stock exchange, capping off the company’s convoluted multiyear quest to go public. Shein’s shares opened at HK$48.56 on Tuesday, and dropped as much as 10% before shedding the…
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