Opendoor Names Shopify COO Kaz Nejatian CEO
Nejatian joined the e-commerce software giant in 2019 and was promoted to COO in 2022.
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The Information AM
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Recent Editions
Nebius Aims to Raise $3 billion Following Microsoft Contract
Nebius has said it would fund expenses for the $17.4 billion Microsoft deal through a mix of revenue from the contract and new debt secured by the agreement.
Elon Musk Says Tesla is ‘Struggling’ to Perfect Optimus Robot Hands
Musk’s comments follow a July report by The Information, which said Tesla was lagging far behind its production goals for Optimus due to difficulties with the robot’s hands.
Reddit, People Inc. Back New Content Licensing Model for AI
Real Simple Licensing aims to create open-source software for compensating websites for training AI models
OpenAI Commits to $300 Billion Compute Deal with Oracle
Oracle’s shares surged 35% on Wednesday
Netflix Partners With Amazon’s Advertising Technology
The Trade Desk, Amazon’s biggest ad tech rival, shares dropped 11% on the news
Europe’s Bending Spoons Buys Vimeo for $1.38 Billion
Vimeo's business of selling video creation and distribution tools is threatened by the rise of AI.
Oracle Stock Soars after Projecting Rapid Revenue Growth
Oracle chairman and founder Larry Ellison's 41% stake is now worth $383 billion.
Klarna Prices IPO at $40 a Share
The buy now, pay later lender's stock will start trading Wednesday.
Blockchain-Based Lender Figure Upsizes IPO to $693 Million
Figure and Gemini are two crypto companies gearing up for IPOs.
Oracle Projects Huge Increase in Cloud Revenue Through 2030
The projection sent Oracle shares soaring 20% in after-hours trading.
Apple Announces Its Thinnest iPhone
The iPhone Air begins a period of more aggressive design changes
Microsoft to Pay for Anthropic Models to Power Office 365 Copilot
Microsoft found that Anthropic’s latest models performed better than OpenAI’s on tasks like generating more aesthetically pleasing PowerPoint presentations.
Nvidia Unveils First Chip For AI ‘Inference’
Firms including Cursor, Runway, Fireworks and Together plan to use the upcoming chip.
CoreWeave Starts Venture Arm Offering Funding, Computing Credits
CoreWeave’s approach is similar to how large cloud companies like Google and Microsoft have struck deals with AI developers Anthropic and OpenAI.
Snap CEO Spiegel Vows to Shake Up Company to Confront ‘Crucible Moment'
Spiegel says Snap is squeezed between tech giants and smaller competitors.
Oracle Discusses Skipping Cash Raises to Help Offset AI Data Center Spending
The potential change is the latest example of how Oracle and other firms that are spending big on artificial intelligence data centers are also tightening their belts.
CEO of Top-Funded AI Database Startup Pinecone Steps Down
The change comes after Pinecone leaders have held talks with investment bankers in recent months about potentially finding a buyer for the startup.
Data Center Site Developer Fermi Files for Initial Public Offering
The potential listing is a rare example of a company focusing on the power needs of artificial-intelligence data centers entering the public markets.
Microsoft Signs Major GPU Deal With Nebius
Nebius now plans to use the Microsoft contract to raise debt at better terms.
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