Broadcom’s New $10 Billion Customer Said to Be OpenAI
OpenAI CEO Sam Altman has long sought to develop a chip his firm could use to reduce its reliance on Nvidia.
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Recent Editions
Stripe and Paradigm Launch Blockchain for Stablecoins
OpenAI, Anthropic, Visa are among initial partners for the new blockchain.
DOJ Files Criminal Fraud Charges Against Startup Founder Following The Information’s Investigation
Federal investigations of IRL were sparked by a series of investigative articles by The Information.
Nvidia Quietly Agrees to Pay $1.5 Billion to Rent its Own AI Chips From Lambda
The move is part of a broad cloud strategy by Nvidia to safeguard its dominance.
Crypto Treasury Stocks Drop As Nasdaq Steps Up Scrutiny
Nasdaq is requiring some companies to gain shareholder approval before issuing new shares to buy crypto, The Information reported.
Broadcom Projects AI Chip Sales Growth Accelerating to 66%
The artificial intelligence boom continues for CEO Hock Tan's wildly profitable firm.
Tech Leaders Appear alongside Melania Trump at AI Education Event
The president is also due to host a dinner Thursday with a group of Silicon Valley executives.
Elon Musk’s X Money Loses Executives Amid Regulatory Problems
Adding payments to X was a major part of Musk’s vision to turn the service, formerly known as Twitter, into a WeChat-like “Everything App” after he bought it in 2022.
JetBlue Will Be First Airline to Use Amazon’s Project Kuiper Satellite Internet
The deal also stokes competition with Elon Musk’s Starlink, which has a deal with United.
Atlassian Buys the Browser Co for $610 Million in Cash
The acquisition comes amid growing interest in browsers as a conduit for new AI chatbots to reach consumers.
Sierra in Talks to Raise $350 Million at $10 Billion Valuation
The financing would more than double its last valuation.
OpenAI Increases Employee Share Sale to $10.3 Billion
Some current and former employees can sell up to $30 million
Nvidia-backed Cloud Startup Hires Bankers for IPO
The San Jose, Calif.-based startup has hired Morgan Stanley, J.P. Morgan and Citi.
Polymarket Set to Launch in U.S.
The prediction market cleared a regulatory hurdle with the CFTC to return to the U.S.
You.com Completes Cox-Led Fundraising at $1.5 Billion Valuation
Earlier You.com investors Georgian, Salesforce Ventures and Norwest also participated in the funding round
Figma Shares Swoon on Decelerating Revenue Growth Forecast
The company's stock plunged after it forecast decelerating revenue growth in the coming quarter.
Salesforce Breaks Low-Growth Streak But Projects Worse Results in October Quarter
The company hasn't reported a boost from AI the way its peers have.
XAI CFO Leaves After Months on Job
Mike Liberatore had joined xAI as CFO in April and left in July.
Exclusive: KKR Taps Former AWS CEO Selipsky to Advise on Data Centers
Selipsky will advise on strategy, capital allocation and governance for KKR’s $179 billion real assets business
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