Accel Raises $5 Billion for Late-Stage Investments
The fundraise is the latest multi-billion-dollar haul by a VC firm.
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The Information AM
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Recent Editions
Crypto Billionaire Justin Sun Labels Trump-Linked Crypto Vote a Scam
A proposal by World Liberty Financial would lock up trading of a key token owned by investors for longer.
Exclusive: Meta Reorganizes Reality Labs To ‘Execute Faster’
The moves come after Meta laid off more than 1,500 Reality Labs employees in January and March.
Allbirds to Pivot to AI Chips
Allbirds will change its name to NewBird AI and raise up to $50 million to buy AI chips for rental.
Anthropic Exec Leaves Figma Board
The move came shortly after The Information broke the news that Anthropic is working on an AI design tool which could compete with Figma’s offerings.
Snap Lays Off 16% of Workforce
Last month an activist investor called on Snap to shake up the company, including cutting employee numbers.
ByteDance’s Cloud Unit Launches Seedance 2.0 Globally, Excluding the U.S.
The model, which has faced copyright disputes with Hollywood studios, comes with limitations that prevent the usage of human faces in prompts.
New Salesforce Tool Connects Third-Party Agents With Its Customer Data
The tool, known as a hosted Model Context Protocol server, shows how Salesforce is finding a way to generate revenue from customers using AI agents built outside of its apps.
Novartis CEO Joins Anthropic’s Board
Narasimhan is the first pharmaceutical executive to join Anthropic’s board
Deutsche Börse Acquires $200 Million Stake in Kraken
Crypto exchange Kraken announced last November that it filed confidentially for an IPO.
Exclusive: Meta AI Infrastructure Executive Departs
Aparna Ramani, who led key AI infrastructure efforts and reported to chief AI officer Alexandr Wang, is departing after a decade at the company.
General Catalyst Appoints Palo Alto Networks’ Arora to Board
Arora will serve as the firm’s first lead independent director, joining Taneja and General Catalyst chairman and managing director Kenneth Chenault on the board.
Exclusive: Anthropic Preps Opus 4.7 Model, AI Design Tool
The new products could be released as soon as this week.
Amazon to Pay Around $11 Billion for Globalstar, Signs Apple iPhone Deal
Launching a future direct-to-device service will put the company in competition with SpaceX’s Starlink Mobile.
Thinking Machines Hires Founders of Personalized AI Startup Workshop Labs
Thinking Machines previously released Tinker, software for customizing AI models.
Dell, HP Shares Drop After Nvidia Denies Takeover Report
The report said Nvidia had been negotiating to buy a large PC maker.
OpenAI Memo Says Microsoft Limited Business
The forthcoming OpenAI-AWS joint product has raised concerns among senior Microsoft executives that it could run afoul of OpenAI’s deal with Microsoft.
Tether Hires JPMorgan Executive for U.S. Stablecoin Expansion
Tether is expanding its US business, led by former White House crypto adviser Bo Hines.
Altman Addresses Home Attack
In a personal blog post, Altman noted rising criticism of the AI industry.
OpenAI Stargate Execs to Join Meta’s New Compute Unit
The executives will support the newly formed AI unit, TBD Lab.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy