Perplexity in Talks to Raise at $18 Billion Valuation
The AI search tool was last valued at $9 billion three months ago
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Recent Editions
ServiceTitan Rival BuildOps Mints $1 Billion Valuation
The company raised roughly $120 million in a round led by Meritech Capital.
Regulator Orders 46,000 Cybertrucks Recalled
Recall affects nearly all Cybertrucks made since November 2023
Apple Shakes Up AI Leadership After Delays
The company has moved responsibility for Siri to Mike Rockwell from AI chief John Giannandrea.
Kraken to Buy NinjaTrader for $1.5 Billion
Crypto exchange is expanding product offerings ahead of IPO.
Temu Parent PDD Reports Revenue Slowdown
The internet giant said that increased competition and a changing macro environment impacted its growth.
CoreWeave Seeks IPO Valuation of About $30 Billion
The company is looking to sell $2.3 billion and $2.7 billion shares in the offering, it said in its amended IPO filing Thursday morning.
SoftBank to Buy Chip Startup Ampere
SoftBank has been spending big on AI, including investments in OpenAI and the Stargate project.
CoreWeave Plans Smaller IPO Than Expected
CoreWeave is still planning to forge ahead with an IPO. The Nasdaq is down about 11% from its peak earlier this year, making new listings less appealing to prospective investors.
xAI Joins Microsoft, Blackrock in Effort to Raise $100 Billion For AI Data Centers
The move shows how leading AI developers like OpenAI and xAI have joined forces with deeper pockets to obtain more compute capacity.
Zoox Recalls Software in 258 Vehicles After NHTSA Investigation
The investigation was opened after two collision incidents involving motorcyclists.
Nvidia Buys ‘Synthetic’ Data Startup for Less Than $1 Billion
Gretel’s expertise with AI-generated data, also known as synthetic data, could boost Nvidia’s services for developers that run generative AI for their apps on Nvidia-powered servers.
EU Says Google and Apple in Breach of Digital Markets Act
The European Commission also adopted decisions specifying how Apple needs to open up its devices to third-party developers.
Ripple Says SEC Drops Long-Running Lawsuit
The SEC is moving to drop lawsuits alleging unregistered sales of securities against crypto firms as it deliberates new crypto rules.
Musk’s X Raises Nearly $1 Billion in New Equity
The fundraising is the latest positive sign for X, whose business has lately shown signs of stabilizing.
Southeast Asia’s Grab Moves Ahead With Talks to Buy Rival GoTo
A deal would create a dominant player in ride -hailing and food delivery in Indonesia.
X Notches $44 Billion Valuation
The valuation is in line with the price of X, then called Twitter, in Musk’s debt-backed takeover of the company in 2022.
Zoox Applies to Drive Paying Customers in Nevada
The Amazon-backed robotaxi has been ferrying some passengers for free in the state.
Trump Fires Two Democratic FTC Commissioners
One fired commissioner responded: “I’ll see the president in court.”
Space Station Astronauts Return to Earth Aboard SpaceX Capsule
The astronauts ended up staying months in space after technical problems with their original spacecraft.
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