Verizon Appoints Former PayPal CEO Schulman as CEO
The appointment is a sign the telecom giant is hoping to shake up its stalled business.
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Recent Editions
OpenAI Strikes Six Gigawatt Compute Deal With AMD
As part of the deal, OpenAI will receive the option to purchase up to 10% of AMD stock if it hits certain milestones.
Paramount Acquires The Free Press, Weiss Confirms
In her subscriber email, Weiss said The Press Press will remain independent but would grow "even faster within Paramount."
Anduril CEO: Government Shutdown is ‘Brutal'
The startup is also scaling hardware production by 250% for autonomous defense systems.
Naveen Rao’s New Startup in Funding Talks at $5 Billion Valuation
Rao has said the startup will rethink “the foundations of a computer.”
Cerebras Pulls IPO Plans
The chip upstart looking to challenge Nvidia told regulators it was pumping the brakes on a public offering it had been planning since 2024.
OpenAI Buys Investing App Startup
The founder of the startup, called ROI, will joined the maker of ChatGPT in what's known as an acquihire.
Coinbase Seeks Federal Charter for Custody, Payment Business
Coinbase joins Circle, Ripple and Stripe in seeking federal trust charters.
Tesla Shareholder Group Urges Vote Against Elon Musk Pay Package
The group said Musk’s proposed pay package risks significantly diluting shareholders and fails to incentivize him to focus on Tesla over other projects like xAI.
Amazon Devices Exec, S-Team Member Rob Williams to Retire
Williams was the e-commerce giant’s vice president of device software and services and has worked at the company since 2013.
Apple Removes ICE-Tracking App After Pressure From DOJ
The creator of the app said he would fight the move.
BlackRock-Owned GIP in Talks to Buy Data Center Firm for $40 Billion
MGX, an investment firm formed by Mubadala, is also involved in the talks.
Uber Buys Data Labeling Startup Segments AI
The deal comes as Uber expands into data labeling.
MGX, SoftBank Back OpenAI Tender at $500 billion Valuation
The share sale price is nearly double OpenAI’s $260 billion valuation from a separate $40 billion round of funding it’s raising.
Salesforce Targets AI Developers With New Vibe Coding Service
Salesforce has seen sluggish adoption for its agent-building service since launching it a year ago, so now it is targeting the hottest part of the AI market.
Tesla Deliveries Spiked 7% In Third Quarter Ahead of Tax Credit Expiry
The impending end of a $7,500 U.S. federal tax credit for electric vehicles at the end of September contributed to a surge in sales.
OpenAI Taps Samsung, SK Hynix for Massive AI Infrastructure Project
OpenAI’s demand may reach 900,000 wafers per month, more than doubling the current global memory production capacity.
Snyk Fields PE Interest as Growth Slows
The cybersecurity startup still plans to go public next year if it doesn't accept a buyout offer.
Fermi Soars to Nearly $22 billion Valuation in Trading Debut
Fermi, which was founded this year, is building a data center site connected to natural gas and nuclear power in Amarillo, Texas.
Exclusive: Crypto Treasury Stock Launches Stablecoins
Nasdaq-listed SUI Group is the first digital asset treasury firm to launch stablecoins, adding competition for Circle and Tether.
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.
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