Trump Family Crypto Firm Fires Auditor Whose License Expired
A crypto company that struck a partnership with the Trump family’s World Liberty Financial has fired an audit firm it hired weeks earlier.
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Recent Editions
SoftBank to Buy Data Center Investor DigitalBridge for $4 Billion
DigitalBridge owns several data center subsidiaries that are involved in large data center developments globally, including an OpenAI and Oracle “Stargate” project in Wisconsin.
China Issues Draft Rules for Human-Like AI Services
Beijing’s move comes at a time when China is experiencing a rapid proliferation of AI products designed for consumers.
Nvidia Will Pay Groq Backers and Staff at Deal’s $20 Billion Valuation
Groq was valued at $6.9 billion recently, and staff and investors will mostly be paid out quickly.
New Competition for Mag 7 Stocks
Overseas markets trounced U.S. indexes despite growth of giant tech stocks.
Washington Seeks to Boost Control of Power Grid
White House wants to boost AI while keeping electricity prices down.
JPMorgan Freezes Accounts for Risky Stablecoin Payments
The bank has frozen accounts for two startups doing business in Venezuela and other legally risky countries.
Nvidia Agrees to Pay Around $20 Billion to Access Groq’s AI Chip Tech and Hire Its Leaders
The deal is the latest in a string of AI chip startup acquisitions.
Waymo Upgrades Fleet in Response to San Francisco Outage
The robotaxi firm says it is updating its software to give its cars more context about regional power issues.
Binance Promotes Trump Family’s Stablecoin With 20% Yield
The stablecoin, USD1, saw its market circulation rising to nearly $3 billion on Wednesday.
More PE Firms Raise Cash Selling Stakes in Fees, Profits
The GP stakes give outside investors a slice of investment firms' profits and management fees.
VC Partner Midha in Talks to Establish 1 Gigawatt Data Center Venture
Midha was formerly a general partner at Andreessen Horowitz, where he helped the VC firm secure GPUs for its startups.
Intel Shares Fall After Nvidia Halts Chip Manufacturing Test
Nvidia in September invested $5 billion in Intel and said they were collaborating on custom data centers chips.
Snowflake in Talks to Buy App Monitoring Startup Observe Inc. For Around $1 Billion
Businesses could use software tools like Observe's to monitor new AI applications they’re developing.
U.S. Delays Chinese Chip Tariffs Until 2027
The Trump administration is holding off on imposing the chip tariffs as it seeks to ease tensions with Beijing.
Motive Technologies’ IPO Filing Reveals Solid Growth, Growing Losses
The fleet management software-maker grew its revenue by 22% in the six months to September.
Pentagon to Add xAI’s Grok to AI Service Early Next Year
The service, called genAI.mil, launched earlier this month with only Google’s Gemini model available.
ServiceNow to Acquire Armis for $7.75 Billion
The deal comes on the heels of several other large acquisitions by ServiceNow.
Former FTX US Head Raises $35 Million for New Exchange
Architect, which offers perpetual futures of traditional assets, is valued at $187 million.
Alphabet to Buy Data Center Developer Intersect for $4.75 Billion
The tech giant is expanding its data center footprint to power AI.
Weekday mornings
The Information AM by The Information Staff
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