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.
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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.
Coinbase to Buy Prediction Market Startup The Clearing Co.
Coinbase is acquiring the young startup to double down its prediction market offering.
Palmer Luckey-Backed Erebor Bank Raises at Over $4 Billion Valuation
Erebor, a new crypto-friendly bank, is set to double its valuation.
OpenAI Is Getting More Efficient at Running Its AI
The company benefited from a drop in computing costs.
Andreessen Horowitz, Sequoia Add to $1.2 Billion Funding Boom for Police Tech Startups
The companies make everything from Palantir-style software to surveillance drones.
Waymo Resumes San Francisco Service After City Outage
Videos showed Waymos stalled on the street during the outage.
Google Sues Startup That Scrapes Its Search Results
Google’s suit against SerpApi may signal that Google is willing to be more aggressive now that its search monopoly case has been resolved in court.
Elon Musk’s 2018 Tesla Pay Package Reinstated by Delaware Court
That means Musk will get options on about 304 million Tesla shares.
TikTok Tells U.S. Staff Compensation Structure Will Change Under Deal
Employees moved under the new joint venture will no longer receive ByteDance RSUs.
Neobank Mercury Applies for National Banking Charter
Mercury is the latest in a rush of banking fintech startups to take advantage of an easing in the regulatory environment
OpenAI on Track to Top $13 Billion in Revenue
The growth comes as the ChatGPT maker discussings raising as much as $100 billion in a new funding round,
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