OpenAI Plots Big Expansion of Cheaper ChatGPT
The company is following a Netflix playbook, anticipating a drop in subscribers to its higher tier service will be made up for by ads.
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Meta Launches Stablecoin Payouts for Creators Using Stripe
Meta adds stablecoins as a payment method, and it has no plan to launch its own token.
Blackstone Forms New AI-focused Unit, Growth Chief Korngold Departs
Blackstone has invested heavily into AI and digital infrastructure companies.
Musk Makes His OpenAI Case in Court
Tech tycoon answered friendly questions Tuesday; cross examination still to come
Robinhood Shares Fall After Crypto Revenue Tanked 47%
Surging prediction market bets lifted its trading revenue in the first quarter.
Spotify Stock Falls 13% As Premium Subscriber Growth Slows
Spotify recently raised prices, and there are signs that could be affecting subscriber growth.
OpenAI Models, Codex Now Available in AWS Bedrock
Microsoft’s new OpenAI agreement opens the door for AWS to sell models.
Musk, Altman, Brockman Agree to Stay Off Social Media During Trial
“Perhaps you’ve never done that before,” said the judge.
Meta Prepares for Possible Unwinding of $2 Billion Manus Acquisition
The U.S. tech giant faces a complicated effort to undo the acquisition after China’s regulators ordered the deal to be revoked.
OpenAI Recently Missed an Internal Revenue Target
ChatGPT growth did not meet the company's expectations in recent months.
Court Selects Jury for Musk-Altman Trial
Some of the jurors have negative feelings about Musk.
Microsoft’s GitHub Changes AI Prices Again in Shift to Consumption-Based Fees
The move resembles an industry shift from seat-based or subscription pricing for AI tools to so-called consumption-based models.
600 Google Employees Ask Sundar Pichai to Reject Pentagon Classified AI Deal
More than 600 Google employees signed a letter asking Google to reject a proposed deal with the Department of Defense to use Google’s AI on classified work.
Altman, Brockman Attend Jury Selection in Musk vs. OpenAI Trial
The co-founders could help give a human face to OpenAI.
Microsoft Gives Up Exclusive Rights to Sell OpenAI Models
The amended deal was designed to resolve legal questions that arose from OpenAI’s plans to sell AI products on Amazon Web Services.
China Blocks Meta’s $2 Billion Acquisition of Manus
Beijing orders the transaction to be terminated based on security reasons.
Musk Drops Fraud Claims Against OpenAI
The court agreed that the breach of charitable trust claim will proceed to trial.
Wealth Tax Backers Gather Enough Signatures for Ballot, Report Says
The tax has prompted a number of Silicon Valley figures to move their primary residence out of California.
Related Digital Finalizes Financing for Oracle’s Michigan Data Center Campus
The project's financing was uncertain at one point after Blue Owl decided not to back it.
Nvidia’s Market Capitalization Passes $5 Trillion
The latest rally reflects a new burst of optimism about the tech industry, likely reflecting growing signs that businesses are adopting AI technologies.
Weekday mornings
The Information AM by The Information Staff
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