Rent the Runway Previously Explored Strategic Options Including a Sale
None of the discussions progressed beyond preliminary talks, the company said in a filing.
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Recent Editions
Elon Musk’s xAI Said to Raise $10 Billion at $200 Billion Valuation
CNBC said the money would come from several investors that “could include” Saudi Arabia’s Public Investment Fund.
President Trump Announces TikTok Deal Reached With China
Even with the apparent approval for a deal, there are still many questions remaining about the next steps for TikTok.
OpenAI Projects $450 Billion in Server Rentals Through 2030
The company plans to spend roughly $100 billion on backup servers alone
House China Committee To Ask PayPal For Documents over Money-Laundering Concerns
The committee cited the risk of money-laundering operations linked to fentanyl trafficking.
Nvidia to Hire Networking Startup Enfabrica’s CEO, License Technology
Enfabrica was the No. 1 computing startup on The Information’s 50 Most Promising Startups list in 2024.
Netskope Shares Rise 18% Following IPO, Yielding Lightspeed $1 Billion
Lightspeed, Iconiq and Accel all stand to gain from Netskope's IPO.
Elon Musk’s xAI Says Grok Has 64 Million Monthly Users
By contrast, OpenAI said in August that ChatGPT had hit 700 million weekly users.
Microsoft to Spend $4 Billion on New Wisconsin Data Center
The move shows that Microsoft’s data center expansion isn’t slowing down.
Nvidia to Buy $5 Billion of Intel Stock as Part of Chip Collaboration
Intel stock soared 29% on the news
Deliveroo Cofounder to Exit After DoorDash Deal Closes
The acquisition of Deliveroo pits DoorDash head-to-head against U.S. archrival Uber in several key European markets.
Google, Justice Department File Dueling Remedies Proposals in Antitrust Search Case
The two parties filed competing proposed final judgments in which each side argued that the other was twisting the judge's ruling.
Huawei Unveils AI Chip Roadmap to Challenge Nvidia Dominance
The Chinese tech giant’s rare public disclosure of its chip development plans highlights the importance of China’s effort to reduce its dependence on Nvidia.
Meta Introduces New Smart Glasses With Display
The company also unveiled a new version of its Oakley-branded smart glasses.
Netskope Prices Its IPO at $19 a Share
The cloud security startup priced at the top of its range.
Calif. Nonprofits Ask AG to Reject OpenAI’s Proposal
Their letter asks for a process to ensure the charity receives the proper value of its assets.
Ticketing Platform Stubhub Falls Below IPO Price
Stubhub's lackluster IPO is shy of the blockbuster debuts of crypto and AI-focused companies.
Tesla Settles Two Autopilot Crash Lawsuits
The settlements come weeks after Tesla was found partially liable in a similar lawsuit over another crash in Florida.
Amazon Launches AI-Powered Ad Creation Tools
The new tool could help Amazon continue to grow its ad revenue beyond search ads.
Abu Dhabi’s MGX Backs Intel Spinoff Altera
Altera is MGX’s first investment in a chip business since the UAE started the fund last year with about $100 billion to invest.
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