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.
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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.
Magnetar Capital In Talks for OpenAI’s $40 Billion Financing
The financing will value OpenAI at $300 billion including the investment.
Judge Allows Copyright Lawsuit Against OpenAI to Proceed
The New York Times alleged in 2023 that OpenAI used the newspaper’s content without permission or compensation to build AI models that power ChatGPT.
Nvidia in Advanced Talks to Acquire GPU Reseller Lepton
Nvidia in recent years has been buying startups to help drive down the cost of running AI models, and now it is in talks to acquire GPU reseller Lepton.
Trump Open to Tariff Concessions for China in Exchange For TikTok Deal
Trump's comments confirming longstanding speculation about his willingness to bargain on tariffs in exchange for a concession on TikTok.
OpenAI Considers Building its Own Data Center For Storage
This kind of deal would represent the startup's first foray into developing its own data center instead of relying on cloud providers.
Founder of Sheertex Tights Maker Steps Down as Startup Looks for Lifeline
The company had sunk capital into bringing more of its manufacturing in-house to lower costs.
Cerebras IPO Delayed Again
The delay is the latest complication for the chipmaker’s IPO ambitions.
Napster Sells for $207 Million to VR Company
The new owner hopes to make a metaverse with streaming music.
European Firms Mulling Alternatives to U.S. Cloud Providers
European customers of U.S. cloud providers are wary about data privacy and security under the second Trump administration, but moving data and applications isn't easy.
U.S. TikTok Bidders Discuss Cloud Support from Microsoft, Google
Some of TikTok’s interested bidders are talking to major cloud providers to make sure they can keep the app running.
Samsung Electronics Co-CEO Dies of Heart Attack
The South Korean company said Jun Young-Huyn would become the sole CEO after being appointed as co-CEO last year.
Alibaba’s Joe Tsai Warns of AI Data Center “Bubble”
Tsai cautions some AI infrastructure being built without having customers lined up yet.
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.
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