Shein Expects IPO Valuation of $26 Billion
That decline reflects how Shein has been buffeted by the end of the 'de minimis' rule in the U.S., which allowed Americans to buy items without paying an import duty.
Weekday mornings
The Information AM
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
Recent Editions
Nvidia to Raise Flagship AI Chip Prices 17%, Server Makers Say
This is more bad news for data center developers.
Nvidia Invests in Data Center Power Firm, Preps Multibillion-Dollar Perplexity Deal
Jensen Huang's dealmaking spree continues
Alibaba Seeks to Raise $10 Billion in Share Sale to Fund AI Investments
The tech giant is accelerating its infrastructure spending to stay competitive in China’s fierce domestic AI race.
TikTok Reaches $400 Million Settlement With DOJ Over Child Privacy Lawsuit
The settlement removes another obstacle for TIkTok in the U.S., after the company reached a deal late last year to avoid a ban.
Exclusive: OpenAI Explored Stake in Stargate Power Developer Lancium
Nvidia, which is also providing a large backstop for an OpenAI data center campus in Ohio, ultimately invested in power developer Lancium.
Exclusive: Key OpenAI Sales Executive Kaylin Voss Returns to Salesforce
Voss' resignation comes a week after her former boss, Denise Dresser, left the company.
OpenAI Integrates ChatGPT into Apple Messages on Mac
OpenAI and Apple have a tense relationship
Dragoneer Founder Stad to Buy Timberwolves Controlling Stake
Dragoneer is a major backer of Anthropic and OpenAI.
Nvidia to Reportedly Pay $6 Billion in Licensing and Hiring Deal with AI Model Startup Poolside
It isn't clear why Nvidia is paying such a large licensing fee.
Walmart’s U.S. Sales Slowdown Sends Stock Tumbling 9%
Finance chief John Rainey pointed out, however, that the "role of our stores has evolved" as ecommerce sales have grown.
Alibaba CEO Expects AI-Related ARR to Reach $10 Billion by September
Alibaba’s capex in the quarter through June surged 75% from a year earlier as the company tries to meet growing customer demand for compute.
Exclusive: UBS Hires JP Morgan Banker Su to Ramp Up AI Banking Efforts
UBS is boosting its efforts in AI dealmaking.
Veteran Barclays Semiconductor Banker Tim Luke to Join Morgan Stanley
The long-time chip banker advised Arm on its 2023 IPO.
Marvell Gives Google the Right to Buy Up to $12.2 Billion in Stock as Part of Chip Deal
Marvell shares jumped nearly 10% on news of an expanded partnership in which the companies will collaborate on custom semiconductor development.
Trump Says Regulators Working to Bring Hyperliquid to the U.S.
Hyperliquid is a fast-growing offshore crypto venue for perpetual futures.
Stripe Confirms Acquiring AI Marketplace Startup OpenRouter
Stripe is paying $7.5 billion for OpenRouter, a steep premium from its valuation of $1.3 billion in May.
OpenAI to Launch Security Analysis System With Better Privacy Protections
In contrast, Anthropic holds onto data for 30 days for Claude Fable 5.
Chinese Humanoid Maker Unitree Shares Soar on Shanghai Debut
After the blockbuster debut, the company now has a market capitalization of more than $60 billion.
Pennsylvania Governor Hikes Requirements For Data Center Permits
It's the latest in a growing political backlash to AI data centers.
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
