The Information — AI
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The Information — AI news-outlet 2mo ago
SpaceX Targets $1.75 Trillion Valuation Ahead of IPO Roadshow
SpaceX is seeking a valuation of $1.75 trillion in its initial public offering next week, including additional shares the underwriting banks could sell if investor demand is strong, according to people familiar with the matter. The latest valuation target solidifies earlier…
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SpaceX Pushes for IPO Banks to Cut Fees
SpaceX is negotiating to pay the banks working on its potentially record-breaking initial public offering a smaller than normal slice of the proceeds even by mega-IPO standards, Bloomberg reported on Tuesday. SpaceX is aiming to raise about $75 billion, more than any other IPO…
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Cognition Aims to Be the Switzerland of AI Agents with App Makeover
AI coding startup Cognition is revamping its app to help users manage coding agents from many providers, executives told The Information. Cognition is betting that being a neutral platform will strengthen its hand in the increasingly competitive market for AI coding tools. The…
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Amazon’s Media Empire Quietly Taps Outside Ad Sales Help
Amazon has been pitching its advertising business as an “everything store” for media—where brands can buy ads that run on everything from Thursday Night Football and streaming site Twitch to media it does not own, like Netflix and Spotify. Despite that united front, behind…
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SK Hynix to Double Capacity as AI Strains Memory Supply
SK Hynix plans to double its memory chip capacity within five years as AI demand keeps straining global supply, Bloomberg reported. The expansion can ease one of the biggest hardware constraints facing AI data centers. Chairman Chey Tae-won said in Taipei that the memory crunch…
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Salesforce Stake in Anthropic Reaches $5 Billion
Salesforce’s stake in frontier AI model provider Anthropic has reached a roughly $5 billion following multiple investments and Anthropic’s latest funding round, according to a person with direct knowledge of the matter. Bloomberg first reported the value of Salesforce’s stake in…
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Salesforce Acquires Contentful in Latest Move to Boost AI
Salesforce is acquiring Contentful, a provider of content management software for businesses, in the latest sign of its efforts to make its customer data more easily accessible to AI agents. Terms of the deal weren’t disclosed, but Salesforce paid between $1 billion and $1.5…
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Google’s AI Fundraising; Anthropic’s IPO Option
How is running an AI firm like running for Congress? In either case, you have to spend half your time raising money! Take Google’s surprising announcement on Monday afternoon that it plans to raise a total of $80 billion in equity “as part of its plan to fund investments” in AI.…
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Google to Raise $80 Billion for AI Spending, Employee Equity
Google parent company Alphabet announced plans to sell new stock for the first time since 2005, aiming to raise $80 billion in equity to spend on AI infrastructure and compute. As part of the plans, announced Monday, Berkshire Hathaway has agreed to purchase $10 billion in stock…
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OpenAI Taps Salesforce Executive to Lead Global Partnerships
Brian Landsman, a 14-year Salesforce executive vice president who leads its global partnerships and app store business, has joined OpenAI as vice president of global partnerships, he announced on LinkedIn. This is an important appointment for OpenAI, which has previously hired…
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OpenAI Could Release Internal Tool That Would Weaken Nvidia’s Software Advantage
Morning! Anissa here. OpenAI is open to the idea of publicly sharing software it’s been developing to make its AI run on chips from different providers, a senior executive said, a move that could weaken one of Nvidia’s biggest advantages. The revealing comments came from Sachin…
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Florida Sues OpenAI and Sam Altman Over Safety Concerns
Florida Attorney General James Uthmeier on Monday sued OpenAI and its chief executive Sam Altman, alleging 10 counts of negligence, liability, and other state law violations related to safety concerns over OpenAI’s consumer-facing tool ChatGPT. With the lawsuit, Florida became…
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Anthropic Makes Confidential IPO Filing
Anthropic on Monday said it filed a draft S-1 form to the U.S. Securities and Exchange Commission, a key step toward an initial public offering that Anthropic executives have discussed targeting for the fourth quarter. The company’s eventual IPO timing will depend on market…
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SpaceX Discloses Updated Details of Anthropic Deal, Flags Data Center Water Risks
SpaceX’s compute rental deal with Anthropic will run for a minimum of six months, according to an amended securities filing on Monday, providing an additional level detail that had not been included in the IPO filing the company made public in May. Anthropic’s agreement to pay…
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AI Evaluators Struggle with Models That Know When They’re Being Tested
AI researchers are starting to make progress on a confounding problem: AI models are getting better at telling when they are in an evaluation. That could become a problem for AI companies that use evaluations to gauge the capabilities and behaviors of their models before…
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Anthropic’s Mythos Is a Security Powerhouse. It’s Also a Budget Buster
When Palo Alto Networks earlier this year began testing Anthropic’s Claude Mythos to comb through its own source code, it didn’t take long to see the future of cybersecurity. It also didn’t take long to see what that future would cost. The model found more than two dozen…
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China’s MiniMax Launches New Model as Open-Source AI Coding Battle Heats Up
Chinese AI developer MiniMax on Monday launched a new large language model called M3, saying the new model’s coding capability approaches that of Anthropic’s Opus 4.7, which was released in April. The new MiniMax model is particularly suitable for coding and complex multi-step…
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Nvidia Unveils New Chip for PCs
Nvidia unveiled a new chip for personal computers alongside Microsoft on Monday, a major step into the PC chip market long led by Intel, Advanced Micro Devices and Apple. The new chip, called N1X, will power a new line of Windows computers starting this fall, Nvidia CEO Jensen…
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Intel to Ship New AI Chip This Year to Challenge Nvidia
Intel plans to ship a new AI chip by the end of this year, betting that a cheaper, simpler processor can give it a new foothold in a market dominated by Nvidia, according to a Financial Times interview with Kevork Kechichian, who leads Intel’s data centre group. The chip,…
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US Clarifies AI Chip Export Loophole
The U.S. Commerce Department issued guidance on Sunday saying Chinese companies still need licences to buy advanced US AI chips, even when they try to do it through an overseas offshoot. The move shuts a potential workaround that let Chinese firms source powerful US AI chips…
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Microsoft’s AI Independence Day
Two months after Microsoft’s conscious uncoupling from OpenAI , Microsoft wants to prove it’s thriving as an AI provider that doesn’t have to rely on the ChatGPT maker’s technology. Microsoft’s annual Build conference for roughly 2,500 app developers, which kicks off Tuesday in…
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Anthropic Cuts List of Firms Unauthorized for Trading in Its Shares
Anthropic reduced the list of secondary markets it says aren’t authorized to buy or sell its shares, scaling back guidance that had prompted confusion. The company revised guidance on its website about unauthorized stock sales to list four explicitly barred platforms, half the…
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Why Forward Deployed Engineers Are the Rage
AI researchers may have the hottest job in tech, but forward-deployed engineers who put the AI to good use are becoming indispensable too. The military-inspired job title, which Palantir began using in the context of business software more than a decade ago, has spread to all…
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Softbank to Invest Up To 75 Billion Euros on AI Data Centers in France
SoftBank Group announced a commitment to develop and operate five gigawatts of AI data center capacity in France, with an investment of up to 75 billion euros, or about $87.5 billion. The commitment is SoftBank’s largest AI infrastructure investment to date in Europe, the…
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SpaceX Is Awarded $4 billion Contract with U.S. Space Force
The U.S. Space Force awarded a $4.16 billion contract to SpaceX as part of a program to deploy space-based sensors to track and target airborne threats. The deal for the Space-Based Airborne Moving Target Indicator program, announced Friday, highlights the increasingly important…
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Defense Tech Grows Up
Welcome, Weekenders! In this newsletter: • The Big Read: Can OpenAI’s revenue chief catch Anthropic in enterprise tech? • Plus, Recommendations—our weekly pop culture picks: “ Deep Cover: The Family Man ,” “ 1873 ” and “ Legends ” On Tuesday, I dropped in at JPMorgan Chase’s…
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OpenAI’s Revenue Chief Barnstorms for Business Customers
Before former Slack CEO Denise Dresser joined OpenAI in December as its chief revenue officer, the company’s efforts to sell its products to business customers were sometimes clunky. Earlier in 2025, for example, the company had struck an agreement with Databricks , which would…
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Meta Plans an AI Pendant as Part of Ambitious Wearables Expansion
Meta Platforms plans to start testing an AI pendant in the next year as part of an ambitious roadmap for wearable devices aimed at reversing the huge losses in its hardware division. An internal memo describing the roadmap, reviewed by The Information, also lays out plans to ...
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Meta Memo Outlines Ambitious Hardware Plans, Including New AI Pendant
Meta Platforms plans to start testing an AI pendant in the next year as part of an ambitious roadmap for wearable devices aimed at reversing the huge losses in its hardware division. An internal memo describing the roadmap, reviewed by The Information, also lays out plans to…
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Why SpaceX Isn’t Celebrating the Blue Origin Explosion
By now, you’ve probably seen the unbelievable video of Blue Origin’s New Glenn rocket exploding on its launchpad in Florida on Thursday night. On its face, Blue Origin’s pain would seem to be Elon Musk’s gain, further cementing SpaceX’s already significant lead in the space…
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Kalshi, Coinbase Approved to Offer Crypto Perpetuals in U.S.
Prediction market Kalshi won approval from U.S. regulators to offer crypto trading through bitcoin perpetuals, a type of highly-leveraged derivatives product, confirming an April report by The Information. Coinbase also won a greenlight from the U.S. Commodity Futures Trading…
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China’s ByteDance Developing New AI Chips Like Those from Nvidia Partner Groq
TikTok owner ByteDance is developing a new chip to run artificial intelligence models as part of an aggressive expansion of its homegrown AI infrastructure. The new AI chip is intended to have a structure similar to U.S. chip designer Groq’s language processing units, which are…
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Blue Origin New Glenn Rocket Explodes During Test
Jeff Bezos’ space company Blue Origin suffered a serious setback Thursday evening when its New Glenn rocket exploded on a launch pad in Florida during a test. Video clips of the incident show a giant fireball engulfing the rocket and surrounding structures. No one was on board…
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Base Power in Talks to Raise Funds at $12 Billion Valuation
Base Power, a three-year-old home-battery startup, is in talks to raise funds at a $12 billion valuation, according to a person with knowledge of the discussions. Ribbit Capital, which backed Base Power’s last funding round, has been in talks to lead the current round, according…
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Boomers, Beware of SpaceX Stock
Greetings! Anita here. It’s been a relatively slow week for SpaceX news, but that will soon change. Musk’s rocketship company is expected to launch its investor roadshow next week ahead of a mid-June IPO. The milestone will likely usher in a flood of giddy headlines and a lot of…
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Big Law’s AI Threat to Harvey, Legora
Despite fears that advanced tools from Anthropic and OpenAI would soon make legal apps like Harvey and Legora irrelevant, recent revenue milestones at those startups suggest they are doing just fine. But a fresh assault on their business is brewing: Some law firms now want to…
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Dell Shares Rise Nearly 40% After Surge in AI Server Sales
Customer demand for AI is pouring jet fuel on Dell’s server, storage and networking businesses, as its overall revenue grew 88% to $43.8 billion during its April quarter compared to last year, beating its earlier forecast by more than $8 billion. Excluding items, Dell reported…
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Lowe’s Says ‘Semantic’ Data is Boosting Its AI Agents
Microsoft, Databricks, SAP and other AI software providers are fighting over control and access to enterprise data known as the semantic layer, as we reported last week . Semantic layers are essentially a data management tool that companies use to standardize definitions for…
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The AI Boom’s Pricey Middle
Baseten’s talks to raise fresh funding at an $11 billion valuation are the latest sign that investors are betting the messy work of helping developers run AI models can become one of the next big businesses in AI. That boom has lifted a group of companies including Baseten,…
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Illinois Legislature Passes Landmark AI Safety Bill
On Wednesday, the Illinois House of Representatives passed a bill that will require major AI companies to submit their model safety plans for third-party audits, as well as creating whistleblower protections for those companies’ employees. While Governor JB Pritzker still has to…
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Anthropic Releases New Flagship AI Model
Anthropic on Thursday announced its new flagship AI model, Claude Opus 4.8, which showed improvements in standardized AI performance evaluations in coding, financial analysis and other fields. The company also said the model is more likely to flag uncertainties about its work…
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Anthropic Raises $65 Billion at $900 Billion Valuation; Micron, Samsung Invest
Anthropic said Thursday it had raised $65 billion at a valuation of $900 billion before the financing, more than double the valuation in a round closed three months earlier. New investors Micron, Samsung and SK Hynix, which make a key component of AI chips, are investing in the…
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SpaceX Committed to Six Month Anthropic Data Center Lease, Musk Says
SpaceX is committed to renting its data center capacity to Anthropic for 180 days, though it could extend the deal for longer, CEO Elon Musk said Thursday. The comment provides more detail than language in SpaceX’s recent public S-1 filing. That document, which SpaceX published…
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Microsoft to Release New Coding Model Next Week in Comeback Attempt
Microsoft next week will unveil a suite of new homegrown AI models at its annual Build conference for app developers in San Francisco. The question is whether it can win over these people. The company plans to unveil a coding model to boost the competitiveness of Microsoft-owned…
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Apple to Renew Push for AI That Runs on Devices, Instead of the Cloud
At Apple’s annual developer conference next month, the star of the show will be a series of long-delayed artificial intelligence upgrades to the iPhone. But the company is also expected to emphasize what could be an underrated asset in its efforts to catch up in AI: Its ability…
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Snowflake Shows Some Immunity to the SaaSpocalypse
Shares of traditional software providers have been battered this year over AI fears. Investors’ reaction to Snowflake’s and Salesforce’s quarterly results Wednesday suggests some providers are in better shape than others. Snowflake shares jumped more than 35% to their highest…
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Khosla Partner Choi, Growth Strategy Leader, Raising $500 Million Fund
Khosla Ventures partner Ethan Choi, a leader of the early-stage firm’s investments in mature startups like cloud provider Vercel, is leaving to launch a new venture firm. The new firm, called Atomus, is in the process of raising a new venture fund of at least $500 million,…
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Meta Launches New Enterprise Push to Boost Business Adoption of Its AI Tools
Meta Platforms plans to place engineers and product managers inside large corporate customers as part of a new unit at the social-media giant to push businesses to use its AI tools and services. In an internal memo, senior executive Naomi Gleit said the new organization, called…
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Meta Launches Paid AI Chatbot Subscriptions
Meta Platforms is launching paid subscriptions for its AI chatbot across Facebook, Instagram, and WhatsApp as it looks to monetize its investments in artificial intelligence. The company’s head of product, Naomi Gleit, announced Wednesday that it is testing out new subscription…
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Google Employee Charged For Alleged Polymarket Bets
Federal prosecutors charged a Google employee with using confidential information to win $1.2 million betting on Polymarket, according to a Federal Court complaint unsealed on Wednesday. Michele Spagnuolo, a staff software engineer at Google, allegedly placed bets on the…
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