Banks Line Up $18 Billion Loan for Stargate Data Center
The loan would add to a long list of debt deals being lined up to support OpenAI’s rapidly expanding computing needs.
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Buzzfeed Revenues Sinks 17% to $43.6 million
Shares plunge more than 37% as the digital media company shows declines in all its revenue streams
Elon Musk Says Tesla Could Build Chip Fab, Work With Intel
“Even when we extrapolate the best case scenario for chip production from our suppliers, it’s still not enough," Musk said. "So I think we’re probably going to have to build a gigantic chip fab.”
Nvidia CEO: No Plans to Ship Blackwell Chips to China
Nvidia’s business in China has been affected by the policies of both Washington and Beijing.
OpenAI CEO Sam Altman Forecasts $20 Billion in Annualized Revenue This Year
The company expects to finance its $1.4 trillion infrastructure costs with increased revenue
AWS Tech Leader Hints at More Chip Options for Customers
AWS already gives customers lots of chip options when renting cloud servers, and one of its technology managers says he expects that will expand in the future.
Craft Ventures’ Partner Plots New Fund
Rosenblatt’s departure continues the trend of experienced investors leaving venture firms to start their own, solo operations.
Tesla Shareholders Approve Musk Pay Package
More shareholders voted in favor of a proposal for Tesla to invest in Musk's xAI than those voting against. Tesla's board will consider next steps, the company said.
Mark Zuckerberg and Priscilla Chan Restructure Their Philanthropy
The Chan Zuckerberg Initiative will now focus on using artificial intelligence to research disease.
Ex-Hugging Face Sales Chief Co-Founds Enterprise AI Consulting Firm
Called Eliza, the new consulting firm aims to help employees in companies use tools like ChatGPT for more complex tasks than drafting emails.
PyTorch Co-Founder is Leaving Meta
Soumith Chintala joined Facebook in 2014 and co-created the company’s open-source machine learning library.
WBD Reports Weak Third Quarter as Sale Discussions Loom
WBD's TV channel segment, which generates most of the company's profits, reported a 22% drop in revenue and 20% lower profits.
SpaceX to Buy Another $2.6 Billion of Echostar Spectrum
The deals put pressure on Apple to do a deal with SpaceX.
Scammy Ads Generated an Estimated 10% of Meta’s Revenue in 2024
The company discouraged enforcement of scammers that could undermine revenue, Reuters reported
Nvidia CEO Warns China Will Win AI Race
Jensen Huang said that looser regulations and lower energy costs are giving China an advantage over western countries when it comes to developing AI.
SoftBank Explored Takeover Of Chip Firm Marvell, Bloomberg Reports
A deal would have been the largest in semiconductor buyout in history.
DoorDash’s Investment Plans Send Stock Falling
DoorDash reported revenue growth accelerated to 27% in the third quarter, thanks to healthy expansion in the dollar value of orders made through the delivery service.
Snap’s Stock Soars On Perplexity Partnership, Revenue Growth
CEO Evan Spiegel said it would put Specs into its own subsidiary
Ripple Raises $500 Million Round Led by Fortress, Citadel Securities
Ripple, valued at $40 billion, is building a crypto conglomerate ranging from stablecoins to trading services.
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