Trump Sets Up New Office to Oversee CHIPS Act
The CHIPS Act, signed into law by Biden, is intended to boost semiconductor production in the U.S.
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OpenAI Confirms It’s Raising $40 Billion at $260 Billion Valuation
The ChatGPT maker also confirmed that SoftBank Group's involvement.
OpenAI Plans to Release Free, Open-Weight Reasoning Model
The last open-weight language model OpenAI released was GPT-2, which came out in February 2019, the same year OpenAI started a for-profit subsidiary.
Isomorphic Labs Raises $600 Million
Isomorphic Labs, Alphabet's AI drug discovery subsidiary, has signed billion-dollar deals with the pharmaceutical giants Eli Lilly and Novartis.
Circle Aims to Publicly File for IPO in April
The stablecoin issuer is working with JPMorgan and Citi, Fortune says.
Runway Debuts New Video AI Amid Battle With OpenAI’s Sora
The new model, Gen-4, is better than previous versions at generating characters, locations and objects that look the same across different video clips.
French Regulator Fines Apple Over Data-Sharing Rules
France accuses Apple’s App Tracking Transparency Framework of undermining competition
Trump Says TikTok Deal Will Come Before Saturday Deadline
President Trump said a deal to sell TikTok’s U.S. assets would be reached before the deadline on Saturday.
Apple Developing Agent for Revamped Health App
Apple has long identified features to help people monitor their health as a potential area of growth.
Trump Pardons Nikola Founder
Milton resigned just months after Nikola went public after allegations that Nikola had faked a promotional video.
SoftBank Could Slash OpenAI’s Round in Half if Conversion Condition Not Met
OpenAI's round consists of two tranches: an initial tranche of $10 billion and a second tranche of $30 billion which is expected to come later this year.
Musk Merges X and xAI
The merger will also reduce pressure on Musk to turn around X, whose revenue has fallen by nearly half since he bought it (then named Twitter) in late 2022.
Nike Strikes New Apparel Deal Amid Women’s Sports Boom
The retail giant's partnership with a new startup, Togethxr, reflects a growing demand for women's sports merchandise.
Cursor Hits $200 Million in Annual Recurring Revenue
Anysphere, which has hired over 50 people, has seen Cursor usage soar.
CoreWeave Raises $1.5 Billion in IPO
The company had been hoping to raise as much as much as $2.6 billion at a $32 billion valuation earlier this week.
Amazon’s Film and TV Studio Boss Jen Salke Is Leaving
Amazon's film and TV studio boss Jennifer Salke is leaving the company as it "flattens" the structure of the studio business.
Databricks, Anthropic Team Up to Sell AI
The companies have inked a five-year deal to sell each other's products to customers and promote AI agents, which automate tasks like scheduling appointments.
Amazon Lays Off Around 200 Fulfillment Support Staff
Amazon has recently touted artificial tools designed to support merchants.
Nvidia-Backed AI Cloud Provider Raises $225 Million to Buy More Nvidia Chips
Crusoe’s cloud business is smaller than and separate from its data center business in which it develops facilities for major cloud providers like Oracle as part of the Stargate project for OpenAI.
Flexport Took in $2.1 Billion in 2024 Revenue, Weighs Tender Offer
Flexport has raised about $2.5 billion in equity and debt from backers including Shopify, SoftBank and Andreessen Horowitz, according to Pitchbook.
Weekday mornings
The Information AM by The Information Staff
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