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.
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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.
Mira Murati’s Thinking Machines Lab Launches First Finetuning Product
The product, called Tinker, allows developers to customize models on their own datasets.
Microsoft CEO Relinquishes Some Duties to Focus on Technology
Satya Nadella will offload business responsibilities to Judson Althoff.
Apple, OpenAI Seek to Throw Out Elon Musk’s xAI Antitrust Lawsuit
OpenAI said: "Elon Musk is waging a campaign of lawfare against the leading artificial intelligence company."
Stripe Plans to Apply for Federal Charter in Stablecoin Push
Stripe launched a service allowing clients to launch their own stablecoins in days.
Meta Plans to Acquire Chip Startup Rivos
The deal comes after Meta CEO Mark Zuckerberg in July said his company would spend “hundreds of billions of dollars” on compute for AI.
Amazon Unveils Revamped Device Lineup to Help Boost Alexa Usage
The e-commerce giant first launched a more conversational version of its Alexa voice assistant earlier this year.
CoreWeave Expands GPU Deal With Meta
The new deal extends the companies’ existing relationship.
Spotify Founder Ek Steps Aside as CEO
Spotify will be run by a pair of co-CEOs, who had been co-presidents.
U.S. Expands Trade Blacklist to Cover Subsidiaries of Chinese Firms
The Trump administration’s latest move comes amid an intense tech rivalry between the U.S. and China.
OpenAI Generated $4.3 Billion in Revenue, Burned $2.5 Billion in First Half
OpenAI posted an operating loss of $7.8 billion in the first half.
Wealthfront Files for IPO
Robo-advisory startup Wealthfront on Monday filed paperwork for an initial public offering
Exclusive: Navan Plans to Raise $750 million in October IPO
The travel software company's listing is one of the latest travel-themed IPOs.
Calif. Gov. Newsom Signs AI Safety Bill
The transparency bill requires AI companies to follow their own safety policies.
YouTube to Pay $24.5 Million to Settle Trump Lawsuit
YouTube followed Meta and Elon Musk’s X in settling similar cases with Trump.
Exclusive: Softbank-Backed TravelPerk Hired Banks for IPO
TravelPerk’s IPO plan is the latest among a handful of travel-themed software companies aiming for a public market debut.
Weekday mornings
The Information AM by The Information Staff
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