The Information

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DeepSeek Closes Record $7 Billion-Plus Funding with Unusual Deal Structure

By Jing Yang, Qianer Liu and Juro Osawa · Jun 15, 2026 9:55pm PDT · 2 comments

Chinese AI lab DeepSeek has closed its first funding round that raised more than 50 billion yuan ($7.4 billion) under an unusual deal structure, according to two people with direct knowledge of the matter. The funding round, which values the large-language model developer at more than $50 billion, requires investors to put their capital... Chinese AI lab DeepSeek has closed its first funding round that raised more than 50 billion yuan...

Jim Keller, CEO of Tenstorrent. Photographer by Zak Bennett/ Getty Images

Qualcomm in Talks to Buy Tenstorrent to Expand AI Chip Capabilities

By Stephanie Palazzolo and Valida Pau · Jun 15, 2026 1:39pm PDT · 1 comment

Qualcomm has been in talks to buy Tenstorrent, a startup that designs chips for AI, according to a person with direct knowledge of the deal. The two companies have discussed a price between at least $8 billion and $10 billion, the person said, which would be a significant premium to Tenstorrent’s last valuation. It’s not clear if the price would... Qualcomm has been in talks to buy Tenstorrent, a startup that designs chips for AI, according to...

Anthropic CEO Dario Amodei, left, and Amazon CEO Andy Jassy. Photos via Getty; AP

Amazon’s Jassy Raised Concerns About Anthropic Model Before Trump Crackdown

By Leo Schwartz, Stephanie Palazzolo, Catherine Perloff and Cory Weinberg · Jun 13, 2026 9:11am PDT · 7 comments

Amazon CEO Andy Jassy was among the tech leaders who raised concerns to senior Trump administration officials this week about security risks in Anthropic’s most advanced models, according to two people familiar with the conversations. The calls between the head of Amazon—one of Anthropic’s biggest investors and vendors—and the... Amazon CEO Andy Jassy was among the tech leaders who raised concerns to senior Trump...

Meta CTO Andrew Bosworth. Art by Shane Burke/Getty Images/Shutterstock

Tokenminimizing: Meta Moves to Curb Employee AI Usage as AI Costs Reach Billions

By Jyoti Mann · Jun 12, 2026 11:57am PDT

Meta CTO Andrew Bosworth. Art by Shane Burke/Getty Images/Shutterstock

Tokenminimizing: Meta Moves to Curb Employee AI Usage as AI Costs Reach Billions

By Jyoti Mann · Jun 12, 2026 11:57am PDT

Meta Platforms plans to clamp down on skyrocketing AI costs inside the company by imposing limits on employees’ token usage, the company told staff in a memo on Tuesday, just weeks after it pushed them to adopt AI tools in their work. The company is building an internal platform to track employee AI usage and spending in real time, set budgets... Meta Platforms plans to clamp down on skyrocketing AI costs inside the company by imposing limits...

Asha Sharma, CEO of Xbox. Photo by David Paul Morris/ Getty Images

Microsoft Has Considered Spinning Out Xbox, Plans New ‘Halo,’ ‘Fallout’ Games

By Aaron Holmes · Jun 12, 2026 11:10am PDT · 1 comment

As Microsoft gets ready to overhaul its struggling Xbox gaming unit, it hasn’t ruled out spinning out or restructuring the unit as a wholly-owned subsidiary, which could make it easier to sell, or creating a joint venture with other partners, according to three people with direct knowledge of the discussions. Microsoft doesn’t have any imminent... As Microsoft gets ready to overhaul its struggling Xbox gaming unit, it hasn’t ruled out spinning...

Getty Images/Adobe.

Meta Bought Rivos to Accelerate Its AI Chip Push. It Isn’t Working.

By Jyoti Mann and Qianer Liu · Jun 12, 2026 6:00am PDT · 3 comments

Meta Platforms bought semiconductor startup Rivos last year to accelerate development of in-house chips and reduce its reliance on Nvidia as it pours cash into data centers for its AI ambitions. Now six months since the acquisition closed, Meta is struggling to make it work, beset by problems that illustrate the social media giant’s bigger... Meta Platforms bought semiconductor startup Rivos last year to accelerate development of in-house...

Photo of Dario Amodei by Getty Images; art by Mike Sullivan

Anthropic Blindsides Its Business Partners

By Stephanie Palazzolo and Amir Efrati · Jun 11, 2026 2:23pm PDT · 7 comments

Weeks before Anthropic in April revealed Claude Design, an AI tool for creating designs and software application prototypes, it asked firms including Figma and Canva to be “partners” of the launch announcement showcasing the tool’s capabilities. These two design firms, longtime Anthropic customers, saw the launch as an opportunity to show how... Weeks before Anthropic in April revealed Claude Design, an AI tool for creating designs and...

Art by Mike Sullivan

Anthropic Pursues First Data Center Leases, Seeks Financial Backing From Google

By Anissa Gardizy · Jun 11, 2026 9:30am PDT · 1 comment

Art by Mike Sullivan

Anthropic Pursues First Data Center Leases, Seeks Financial Backing From Google

By Anissa Gardizy · Jun 11, 2026 9:30am PDT · 1 comment

Anthropic is moving forward with a plan to control its own servers for developing AI, giving it the ability to cut its computing costs in the long run. The maker of Claude in recent months has signed more than a dozen initial agreements, known as letters of intent, to lease data center facilities from various U.S. developers, according to... Anthropic is moving forward with a plan to control its own servers for developing AI, giving it...

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Google Turns to Samsung for Future AI Chip as Capacity Tightens

By Qianer Liu · Jun 11, 2026 6:00am PDT · 1 comment

Google is considering giving Samsung Electronics a crucial role in making a component of one of its most advanced future AI chips, as the ongoing manufacturing capacity crunch pushes chip firms to look for suppliers beyond Taiwan Semiconductor Manufacturing Co. The U.S. tech giant is in talks with Samsung to manufacture part of a next-generation... Google is considering giving Samsung Electronics a crucial role in making a component of one of...

From left to right: Jensen Huang, Sam Altman and Masayoshi Son. Photos via Getty Images.

OpenAI in Talks to Lease 10 Gigawatt Ohio Data Center with Backing From Nvidia

By Anissa Gardizy · Jun 9, 2026 7:07pm PDT · 2 comments

OpenAI is in advanced negotiations to lease a proposed 10 gigawatt data center campus on federal land in Ohio as part of a deal that could include financial backing from Nvidia, according to two people with direct knowledge of the discussions. The campus under discussion would be among the biggest of its kind, with a total cost of at least $500... OpenAI is in advanced negotiations to lease a proposed 10 gigawatt data center campus on federal...

Ali Ghodsi, co-founder and chief executive officer of Databricks. Photo by David Paul Morris/Getty Images

Databricks in Talks for Valuation of at Least $165 Billion

By Katie Roof and Cory Weinberg · Jun 8, 2026 5:27pm PDT

Databricks, a provider of database management software, has discussed raising more money in a funding round that could kick off within the next month, according to multiple people with direct knowledge of the conversations. Databricks has indicated to investors the new round could lift its valuation to between $165 billion and $175 billion. That... Databricks, a provider of database management software, has discussed raising more money in a...

Art by Mike Sullivan.

Goldman, JPMorgan Explore Trading Compute Futures as AI Financing Hedge

By Yueqi Yang and Dakin Campbell · Jun 8, 2026 7:30am PDT

Art by Mike Sullivan.

Goldman, JPMorgan Explore Trading Compute Futures as AI Financing Hedge

By Yueqi Yang and Dakin Campbell · Jun 8, 2026 7:30am PDT

Goldman Sachs and JPMorgan are exploring ways to trade on the cost of computing power, according to people familiar with the matter. That includes trading futures contracts tied to rental prices for graphics processing units, among the scarcest resources of the AI boom, which exchanges plan to list later this year. The discussions show how the... Goldman Sachs and JPMorgan are exploring ways to trade on the cost of computing power, according...

Nikolay Storonsky, chief executive officer of Revolut Ltd. Art by Clark Miller; Getty Images.

Revolut Targets at Least $750 Million Share Sale Amid Strong Demand

By Katie Roof · Jun 7, 2026 12:07pm PDT

Revolut, a London-based financial app, is aiming to sell at least $750 million worth of shares in a secondary sale set to kick off next week, with the total potentially pushing far higher amid early signs of strong investor demand, according to a person with knowledge of the discussions. There is already enough investment interest to increase... Revolut, a London-based financial app, is aiming to sell at least $750 million worth of shares in...

Sriram Krishnan. Photo by Al Drago/Getty Images

White House AI Policy Advisor Sriram Krishnan to Leave Position

By Leo Schwartz · Jun 6, 2026 9:22am PDT

Sriram Krishnan, a top AI policy advisor in the Trump administration, plans to leave his position at the end of June, according to a person with direct knowledge of the move and a statement viewed by The Information. Krishnan has discussed starting a policy institution following his time in the White House, according to two people familiar with... Sriram Krishnan, a top AI policy advisor in the Trump administration, plans to leave his position...

Art By Clark Miller.

How xAI Went From Chasing Anthropic to Powering It

By Grace Kay · Jun 5, 2026 6:00am PDT · 4 comments

SpaceX’s AI lab has had a chaotic year so far, churning through leaders and staff before bringing in outside help in an effort to catch up to Anthropic in coding. What isn’t widely known, however, is that xAI has played a long-running cat-and-mouse game with Anthropic as it has sought to tap into that lab’s technology to develop its own... SpaceX’s AI lab has had a chaotic year so far, churning through leaders and staff before bringing...

Rob Roy, founder and chief executive officer of Switch Inc. Photo by Michael Nagle/Getty Images.

Data Center Developer Switch in Talks to Raise Billions at $50 Billion-Plus Valuation

By Anissa Gardizy and Valida Pau · Jun 4, 2026 8:31pm PDT

Rob Roy, founder and chief executive officer of Switch Inc. Photo by Michael Nagle/Getty Images.

Data Center Developer Switch in Talks to Raise Billions at $50 Billion-Plus Valuation

By Anissa Gardizy and Valida Pau · Jun 4, 2026 8:31pm PDT

Data center developer Switch is in talks to raise billions of dollars at a valuation of at least $50 billion, as it seeks to capitalize on soaring demand for the infrastructure needed to support artificial intelligence, according to people with knowledge of the deal. Brookfield Asset Management, KKR and other private equity and institutional... Data center developer Switch is in talks to raise billions of dollars at a valuation of at least...

A SpaceX Falcon 9 reusable rocket booster on display outside the SpaceX facilities in Hawthorne, Calif. Ethan Swope/Bloomberg via Getty Images.

Wall Street Expects SpaceX to Burn $350 Billion of Cash Through 2030

By Cory Weinberg · Jun 4, 2026 10:41am PDT · 1 comment

SpaceX, planning the largest initial public offering of all time next week, will already need to raise more cash by next year if private forecasts from analysts at Goldman Sachs come to fruition. SpaceX’s lead bank on the IPO, in aggressive forecasts shared with prospective investors this week, expects the company to burn $120 billion this year... SpaceX, planning the largest initial public offering of all time next week, will already need to...

Helion’s 7th generation fusion generator, Polaris. Photo courtesy of Helion Energy

Fusion Startup Helion Nearly Triples Valuation to $15.5 Billion in Thrive-led Round

By Nick Wingfield · Jun 4, 2026 6:00am PDT · 1 comment

Helion Energy, a nuclear fusion startup backed by OpenAI’s Sam Altman, still has to prove it can produce electricity to serve data centers and other customers. But investors seem confident it can deliver. The Everett, Wash.–based company said it has raised $465 million in a funding round led by Thrive Capital, the investment firm founded... Helion Energy, a nuclear fusion startup backed by OpenAI’s Sam Altman, still has to prove it can...

Art by Clark Miller; YouTube.

Meta Looks to Charge Up to $200 a Month for Planned ‘Hatch’ AI Agent

By Jyoti Mann · Jun 3, 2026 3:01pm PDT · 2 comments

Meta Platforms is considering charging up to $200 a month for its planned consumer version of the OpenClaw AI agent tool, according to internal documents, an ambitious target that would rival top tier offerings from established AI giants. The product, currently called Hatch, could launch with tiered pricing including the $199.99 premium... Meta Platforms is considering charging up to $200 a month for its planned consumer version...

Vanja Josifovski, CEO of Kumo.AI. Art by Clark Miller, YouTube.

Nvidia Buys Enterprise Model-Maker Kumo AI for at Least $400 Million

By Valida Pau and Phoebe Liu · Jun 3, 2026 2:47pm PDT

Vanja Josifovski, CEO of Kumo.AI. Art by Clark Miller, YouTube.

Nvidia Buys Enterprise Model-Maker Kumo AI for at Least $400 Million

By Valida Pau and Phoebe Liu · Jun 3, 2026 2:47pm PDT

Nvidia has bought Kumo AI, a five-year-old startup that sells predictive AI software to enterprises, for more than $400 million, said a person with knowledge of the deal. The acquisition, first revealed by an Nvidia executive in a LinkedIn post on Tuesday, should expand Nvidia’s roster of AI models that can be optimized for Nvidia hardware and... Nvidia has bought Kumo AI, a five-year-old startup that sells predictive AI software to...