Kuaishou Confirms Seeking External Funding for Kling AI Video Unit
The company’s announcement comes after The Information’s report on its plan to spin off the Kling unit ahead of a planned IPO next year.
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The Information AM
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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Recent Editions
Media Mogul Byron Allen to Buy Control of BuzzFeed
The deal rescues the struggling digital media firm from likely extinction.
Circle Raises Funding at $3 Billion Valuation for Arc Blockchain
Shares of the stablecoin issuer jumped 16% after it reported 20% revenue growth.
Ilya Sutskever Says His OpenAI Stake is Worth About $7 billion
Co-founder and former chief scientist left the startup two years ago
Nadella Testifies Musk Never Complained to Him About OpenAI Deals
Nadella said Musk didn’t get in touch when Microsoft was negotiating its 2019 and 2023 investments into the startup.
OpenAI Launches $10 Billion Private-Equity Joint Venture, Acquires Consultancy
As part of the joint venture, OpenAI has acquired consulting firm Tomoro, which will bring on around 150 forward deployed engineers.
Cerebras Raises Pricing Range Ahead of IPO
Cerebras' move signals strong investor demand for the IPO.
Google Says Hackers Used AI to Find Critical Security Flaw
The incident is one of the first confirmed cases of the type of potential cyberattack that AI labs have been warning against in recent months.
Uber Promotes Jill Hazelbaker to President
Hazelbaker is a veteran technology communications and public policy leader who worked at Google and Snap before joining Uber in 2015.
Exclusive: Scale Investor Dan Levine Steps Back From Accel
The VC firm disclosed the change to its limited partners.
Anthropic Signs $1.8 Billion Cloud Deal with Akamai
That deal sent the content delivery network provider’s stock soaring 27% on Friday.
Exclusive: Salesforce Chief Communications Officer to Depart
Carolyn Guss is one of a number of executives to leave Salesforce in recent months.
Apple and Intel Have Reached “Preliminary” Chip Manufacturing Deal
Apple has faced chip supply constraints recently
Microsoft Shares Sink After TCI Cuts $8 Billion Stake
TCI cited “uncertainty over Microsoft’s competitive position in the future” due to AI disrupting software like Office.
HubSpot Forecasts Slowing Quarterly Sales Growth, Shares Drop 20%
HubSpot says customer adoption of its AI products is growing, but it's not clear if that is driving sales of its other products.
Musk’s Legal Expert Says OpenAI Foundation Should Have “A Lot More” Than $200 Billion
Musk’s expert said that OpenAI’s alleged actions were inconsistent with nonprofit customs.
Cloudflare Cites AI in Cutting a Fifth of Its Workforce
Web infrastructure company announces layoffs along with quarterly results that sent its stock down sharply.
Coinbase Revenue Fell 31% as Crypto Market Slumps
The crypto exchange plans to “dynamically adjust” expense base in response to market conditions.
CoreWeave Reports $100 Billion Backlog, Stock Falls 9%
In the past few weeks, CoreWeave has signed multi-year contracts totalling tens of billions of dollars, including with Meta Platforms and Anthropic.
Airbnb’s Revenue Growth Accelerates to 18%
The Middle Eastern war has caused some cancellations this quarter.
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