Snowflake Inks $6 Billion Deal with AWS Tied to Graviton Chips
CPUs like Graviton are becoming increasingly important for AI workloads
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Salesforce Stock Dips as Software Firm Lowers Cash Flow Forecast
Salesforce said its lower projection for operating cash flow growth was due to its recent $25 billion debt issuance.
Crypto-Friendly United Texas Bank Switches Regulator to OCC
The bank, which has become a key bank for overseas crypto exchanges, says it successfully converted its charter despite being under a consent order.
Coding Startup Cognition Raises $1 Billion at a $26 Billion Valuation
General Catalyst, Lux Capital and 8VC co-led the round, with participation from Atreides Management, Founders Fund and Ribbit Capital, the company said.
OpenAI Foundation to Spend $250 Million on AI Economic Impact
The company’s charitable arm was separated from OpenAI’s for-profit business last fall as part of a restructuring.
Amazon Launches Service to Put AI Shopping Assistants on Other Retailers’ Sites
Amazon is letting other retailers build their own “Alexa for Shopping” assistants via AWS
Kuaishou’s Kling AI Video Unit Reaches $500 Million in Annualized Revenue
Kuaishou is in talks to raise money for Kling, paving the way for the AI unit’s future listing.
ByteDance Mulls $70 Billion Capex This Year as AI Costs Grow
The Chinese tech giant’s capex boost reflects the surging costs of compute in the AI industry worldwide.
Qualcomm Strikes AI Chip Deal With ByteDance
Landing a high-profile customer like ByteDance could help accelerate Qualcomm’s expansion into the AI computing market.
Micron Passes $1 Trillion as AI Memory Demand Sends Shares Soaring
SK Hynix, Micron’s South Korean competitor, also joined the $1 trillion club on Wednesday after its stock surged in Seoul.
Inference Provider Baseten in Talks to Double Valuation to $11 Billion
Startups that provide GPU servers and software customize models have seen a spike in demand.
ServiceNow CMO to Join OpenAI
Colin Fleming will assume the role of chief marketing officer for OpenAI's business segment.
Dropbox CEO to Step Down After 20 Year Stint
Dropbox founder and chief executive Drew Houston has had one of the longest running tenures at the helm of a tech company.
Ondo Finance Founder Nathan Allman, 32, Dies Unexpectedly
Ondo, a tokenization startup, said its president Ian De Bode will step in as CEO.
SpaceX’s Starlink Coming to Half of American Airlines Main Fleet
The deal will offer in-flight wifi on approximately 500 narrowbody Airbus planes, but does not include the American’s roughly 500 Boeing craft.
Pope Leo, Anthropic Co-Founder Warn of AI Power Concentration, Labor Displacement
Anthropic's influence seemed apparent.
Huawei Moves to Narrow Chip Gap With TSMC Despite U.S. Sanctions
Huawei says it has already built 381 chips on a new chip principle over the past six years, including products for smartphones and AI computing.
White House, Anthropic Near Deal For Spy Agencies to Use AI
Anthropic's leverage in Washington appears to be rising.
SpaceX Completes First Starship Test of 2026
While the launch had some hitches, SpaceX touted it as a success.
Congress Launches Insider Trading Probe Into Kalshi, Polymarket
A House Committee warned that lawmakers may take action against the prediction markets.
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