OpenAI Data Center Provider Crusoe Raises $600 Million
The company is developing a large data center campus in Abilene, Texas, which The Information has reported will be used by Oracle and OpenAI.
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Recent Editions
a16z Crypto Policy Head Emerges as CFTC Chair Contender
Brian Quintenz served as a commissioner of Commodity Futures Trading Commission from 2017 to 2021.
YouTube TV Hikes Prices by $10 Per Month
The internet-based TV service will now cost $82.99 per month and has more than doubled its base price over the past six years.
Donald Trump Says He Will Meet With Jeff Bezos
“Jeff Bezos is coming up next week,” Trump said on CNBC.
Walmart-Backed Fintech Scores New Funding, Will Launch Credit Card
The fintech, called One, added installment and credit builder loans this year.
BuzzFeed Sells ‘Hot Ones’ Maker for $82.5 Million
BuzzFeed said the all-cash deal, combined with the cash it already has on hand, will give it enough money to cover its debt obligations.
WBD Takes a Step Towards Breaking In Two
WBD said creating two separate divisions to house its TV networks on one side and its streaming and studio operations on the other could "create potential opportunities" to unlock value.
Huawei’s Latest Smartphone Chip Still Uses Older Chipmaking Technology
The incremental update to the chip suggests that advancements in China’s chip-making abilities have slowed.
Echo AI, Startup Featured on Takeover List, Sold to Software Provider
Echo AI had been generating revenue from AI software that analyzes customer conversations.
Circle, Binance Enter Partnership to Push for USDC Adoption
Circle’s USDC stablecoins will be more widely available across Binance’s products and services
Stitch Fix Shares Surge After Online Styling Site Boosts Outlook
CEO Matt Baer said the company plans to return to revenue growth by the end of fiscal 2026.
Google Announces Second Generation of Gemini AI Models
Google also announced an update to its AI assistant, a new computer-using agent and a new AI coding assistant.
TikTok Launches E-Commerce in Spain, Ireland
TikTok's latest effort to expand its business in Europe comes as the app is facing a potential ban in the U.S.
Tiger Global’s 2021 Megafund Shows Loss for California Teachers Pension
The report shows that funds have not fully recovered their value from their pandemic-era inceptions.
Trump Names New FTC Chief as Probe of Microsoft-OpenAI Deal Heats Up
While Ferguson is unlikely to be as hawkish as Khan, he has signaled a willingness to scrutinize big tech companies.
GM Stops Development of Cruise Robotaxis
Company to focus on developing autonomous and advanced driver safety technology for future models
Ex-Amazon Executive Dave Clark Eyes Acquisitions
Auger recently hired Alex Ceballos, a former corporate development executive at Amazon who will work on potential acquisitions.
Amazon Tests 15-Minute Delivery in India
The move puts Amazon in competition with other rapid delivery services from companies like SoftBank-backed Swiggy and Walmart's Flipkart.
Suspect in Healthcare CEO’s Killing Has Tech, Ivy League Background
Internet sleuths began scouring Luigi Mangione’s online presence after police arrested him in Pennsylvania on Monday.
Oracle Shares Slump Despite New Meta AI Contract
Oracle's shares dropped after it reported its latest quarterly results, which included a slowdown in a metric representing contracted but unrecognized revenue .
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