The Information

David Sacks, Craft Ventures partner and Co-Chair of the President's Council of Advisors on Science and Technology. Getty Images.

Sacks’ Craft Targets $1 Billion in First Fund Since White House Stint

By Julia Hornstein and Leo Schwartz · Aug 11, 2026 11:07am PDT · 2 comments

Craft Ventures, the VC firm helmed by former White House AI czar David Sacks, is raising its first fund since Sacks stepped away from the Trump Administration role earlier this year, according to a securities filing and two people with knowledge of the effort. The firm is targeting around $1 billion for the new fund, one of the people said. The... Craft Ventures, the VC firm helmed by former White House AI czar David Sacks, is raising its...

Jessica E. Lessin and James Sagan.

OnlyFans’ New Investor Reveals Financials, IPO Ambitions in Rare Interview

By Jessica E. Lessin · Aug 11, 2026 10:31am PDT · 1 comment

One of the most interesting deals of the year had nothing to do with GPUs or tokens. This spring, Architect Capital bought a 16% stake in the adult content platform OnlyFans, at a valuation just north of $3 billion. The founder of Architect Capital has been mum about the deal—one that most other investors wouldn’t touch. But this week, I... One of the most interesting deals of the year had nothing to do with GPUs or tokens. This spring,...

Bryan Catanzaro, Nvidia’s vice president of applied deep learning research. Getty Images.

Why Nvidia Is Trying To Develop The World’s Best Open-Source AI Models

By Phoebe Liu and Laura Bratton · Aug 11, 2026 6:00am PDT · 2 comments

Nvidia is doubling down on its open-source efforts, pouring investment into an ambitious new in-house AI model that it hopes will drive demand for its hardware—but that could also compete with customers and partners. Nvidia is aiming for the new model, the biggest of a family that it is calling Nemotron 4, to be on par in its performance... Nvidia is doubling down on its open-source efforts, pouring investment into an ambitious new...

The CEO and co-founder of Applied Compute, Yash Patil. Art by Clark Miller; YouTube.

Applied Compute in Talks to Double Valuation to $3 Billion on Open-Source Demand

By Stephanie Palazzolo and Julia Hornstein · Aug 10, 2026 1:18pm PDT

The CEO and co-founder of Applied Compute, Yash Patil. Art by Clark Miller; YouTube.

Applied Compute in Talks to Double Valuation to $3 Billion on Open-Source Demand

By Stephanie Palazzolo and Julia Hornstein · Aug 10, 2026 1:18pm PDT

Applied Compute, a year-old startup that helps companies run and customize open-source models with their own data, is discussing a new funding round that would value it at around $3 billion, more than double its valuation from a round announced four months ago, according to a person with knowledge of the funding. The financing follows strong... Applied Compute, a year-old startup that helps companies run and customize open-source models...

Matthias Balk/Getty Images.

Microsoft’s Homegrown AI Chip Effort Shows Signs of Life After Slow Start

By Aaron Holmes and Qianer Liu · Aug 10, 2026 6:00am PDT

Microsoft is planning to significantly increase production of its internally designed next-generation AI chips next year in hopes of persuading big cloud customers like Anthropic to use them, according to two people with direct knowledge of the plans. That’s despite slow uptake of the current generation of Microsoft-designed chips, known as the... Microsoft is planning to significantly increase production of its internally designed...

The Stargate AI data center in Abilene, Tex.. Photo by Getty.

Nvidia to Invest Up to $3 Billion in Blackstone-Backed Power Firm Behind Stargate

By Ann Davis Vaughan, Valida Pau and Phoebe Liu · Aug 7, 2026 6:23pm PDT

Nvidia has agreed to invest $2 billion into Lancium, the power infrastructure developer behind the OpenAI and Oracle AI campus in Texas, and has agreed to commit another $1 billion as the developer secures additional planned power, three people familiar with the transaction said. The deal values Lancium and its portfolio of land and power... Nvidia has agreed to invest $2 billion into Lancium, the power infrastructure developer behind...

Adam Gray/Bloomberg via Getty Images.

Cursor Maps Out Branding, Other Changes as SpaceX Acquisition Nears

By Grace Kay · Aug 7, 2026 12:17pm PDT · 1 comment

Cursor told staff at an all-hands meeting on Thursday that SpaceX could complete its $60 billion acquisition of the coding startup as soon as the end of next week, and flagged that the Cursor brand name will likely be phased out for new products in the coming months, people familiar with the matter said. For instance, Cursor’s upcoming... Cursor told staff at an all-hands meeting on Thursday that SpaceX could complete its $60 billion...

Harvey CEO and co-founder Winston Weinberg. Getty Images.

Harvey in Talks to Raise Funding at $15.5 Billion Valuation

By Stephanie Palazzolo and Julia Hornstein · Aug 7, 2026 9:54am PDT

Harvey CEO and co-founder Winston Weinberg. Getty Images.

Harvey in Talks to Raise Funding at $15.5 Billion Valuation

By Stephanie Palazzolo and Julia Hornstein · Aug 7, 2026 9:54am PDT

Legal AI startup Harvey is in talks to raise at least $500 million at a $15.5 billion valuation including the investment, a 40% premium to its last valuation five months ago. The fundraising follows a revenue surge at the legal AI startup, according to a person with knowledge of the fundraise. Four-year-old Harvey is currently generating more... Legal AI startup Harvey is in talks to raise at least $500 million at a $15.5 billion valuation...

Canva CEO Melanie Perkins. Photo by Nina Franova/Getty Images

Canva Hits AI Speedbump on Costs, ChatGPT Competition

By Cory Weinberg and Stephanie Palazzolo · Aug 6, 2026 1:26pm PDT · 2 comments

Executives at Canva, the design software app with more than 200 million users, had high hopes for a rollout of AI tools that marked the biggest product launch in the startup’s 13-year history. Instead, the privately held company has dealt with a series of stumbles related to AI. First, the unexpected popularity of new AI features drove up the... Executives at Canva, the design software app with more than 200 million users, had high hopes for...

Panthalassa Ocean-2, a prototype data center node off the coast of Washington state. YouTube.

Ocean-Powered Data Center Startup Set to Double Valuation to $2 Billion

By Julia Hornstein · Aug 6, 2026 11:06am PDT

AI data centers need boatloads of power, a need that’s set off a flood of investment into startups harnessing nuclear or solar energy to run the servers. Now one startup is raising money to power AI from a different source: the ocean. Panthalassa, a 10-year old startup making technology that aims to generate electricity from the movement of... AI data centers need boatloads of power, a need that’s set off a flood of investment into...

Art by Clark Miller.

Nvidia Weighs Radical Idea: Less Rubin Ultra Chip Memory

By Qianer Liu and Phoebe Liu · Aug 6, 2026 9:16am PDT · 1 comment

Nvidia is weighing a radical step to deal with a shortage of advanced high-bandwidth memory chips: using less of it than planned in its next-generation graphics processing unit, the Rubin Ultra. Over the past few weeks, Nvidia has been testing at least three versions of the Rubin Ultra GPU, some of which have less memory than what the company... Nvidia is weighing a radical step to deal with a shortage of advanced high-bandwidth memory...

Photos via Getty Images; art by Mike Sullivan

How Dario Amodei Spread Anthropic’s Religion and Stirred Up Silicon Valley

By Cory Weinberg, Stephanie Palazzolo and Amir Efrati · Aug 6, 2026 6:00am PDT · 9 comments

Photos via Getty Images; art by Mike Sullivan

How Dario Amodei Spread Anthropic’s Religion and Stirred Up Silicon Valley

By Cory Weinberg, Stephanie Palazzolo and Amir Efrati · Aug 6, 2026 6:00am PDT · 9 comments

An Anthropic meeting with investors and advisers earlier this year landed amid a historic run of corporate success. But public perception of AI was abysmal. One director suggested Anthropic use its new clout to go on a charm offensive like those Microsoft, Facebook and other tech giants engaged in during their boom years, to emphasize AI’s... An Anthropic meeting with investors and advisers earlier this year landed amid a historic run of...

Meta Platforms CEO Mark Zuckerberg. Jeff Chiu/AP.

A Meta AI Model Hacked Another Company During Cybersecurity Testing

By Jyoti Mann · Aug 5, 2026 3:18pm PDT · 3 comments

A Meta Platforms artificial intelligence model accessed the internet during cybersecurity testing and hacked into another company, according to people familiar with the matter, in the latest in a string of such incidents at major AI firms. Meta’s Muse Spark 1.1 model breached the systems of a company and made changes to its internal systems,... A Meta Platforms artificial intelligence model accessed the internet during cybersecurity testing...

Marc Rowan, chief executive officer of Apollo Global Management LLC. Photo by Michael Nagle/Getty Images.

Apollo Taps New AI Sector Head to Chase More Megafinancings

By Dakin Campbell and Valida Pau · Aug 5, 2026 11:35am PDT

Apollo Global Management is looking to turn its blockbuster $35 billion Broadcom financing deal into repeat business, naming a new leader to coordinate teams and land more financing business from chipmakers and other tech companies at the center of the AI build-out. The firm in recent months tapped partner Reed Rayman to lead its chip-focused... Apollo Global Management is looking to turn its blockbuster $35 billion Broadcom financing deal...

ByteDance founder Zhang Yiming. VCG/Getty Images.

ByteDance’s Founder Rules Out Distillation on AI Models

By Juro Osawa and Qianer Liu · Aug 5, 2026 6:19am PDT

ByteDance won’t resort to distillation as a shortcut to advancing its AI model capabilities, even if that means the company lags behind domestic rivals for now, founder Zhang Yiming told employees during a meeting last month. One reason, say people close to the company, is ByteDance’s complicated history with the U.S. government over the... ByteDance won’t resort to distillation as a shortcut to advancing its AI model capabilities, even...

CEO of OpenAI Sam Altman, U.S. President Donald Trump and CEO of DeepMind Demis Hassabis at G7 Summit in June. Photo by Anna Moneymaker/Getty Images

White House to Host AI Companies on Tuesday to Review AI Framework

By Leo Schwartz and Stephanie Palazzolo · Aug 3, 2026 7:24am PDT · 2 comments

CEO of OpenAI Sam Altman, U.S. President Donald Trump and CEO of DeepMind Demis Hassabis at G7 Summit in June. Photo by Anna Moneymaker/Getty Images

White House to Host AI Companies on Tuesday to Review AI Framework

By Leo Schwartz and Stephanie Palazzolo · Aug 3, 2026 7:24am PDT · 2 comments

The Trump administration has invited staffers from major tech companies including OpenAI, Google and Anthropic to the White House on Tuesday to review the completed version of an AI oversight framework, according to five people familiar with the matter. The framework will create a voluntary procedure for AI labs to submit their models to the... The Trump administration has invited staffers from major tech companies including OpenAI, Google...

Art by Mike Sullivan

How an Apple iCloud Policy Fueled Employee Leaks Ahead of OpenAI Suit

By Aaron Tilley · Aug 3, 2026 6:00am PDT

In a lawsuit early last month, Apple accused former employees who are now at OpenAI of stealing a trove of trade secrets from the iPhone maker—in part by improperly accessing confidential Apple documents after they left the company. Even before the suit was filed, some of the more than 400 former Apple employees who now work at OpenAI... In a lawsuit early last month, Apple accused former employees who are now at OpenAI of stealing a...

A CyrusOne data center in Aurora, Illinois. Photo by Getty Images.

Data Center Operator CyrusOne Lays IPO Groundwork

By Valida Pau · Jul 30, 2026 7:02pm PDT

CyrusOne, a data center operator owned by private equity giants KKR and BlackRock’s Global Infrastructure Partners, is getting ready to interview and hire investment banks to advise on what could be one of the largest initial public offerings next year, according to people familiar with the discussions. The IPO preparations indicate that some of... CyrusOne, a data center operator owned by private equity giants KKR and BlackRock’s Global...

Art by Mike Sulllivan; Getty Images

TSMC Develops AI Chip Packaging Tech to Counter Intel

By Qianer Liu · Jul 30, 2026 6:00am PDT

Taiwan Semiconductor Manufacturing Co. is developing an advanced chip-packaging technology similar to what Intel already offers, according to two people with direct knowledge of the project, a sign that the world’s leading chip manufacturer is worried about competition from a distant rival. Chip packaging is the final stage of chip production,... Taiwan Semiconductor Manufacturing Co. is developing an advanced chip-packaging technology...

Alex Atallah, CEO of OpenRouter, left, and Patrick Collison, CEO of Stripe. Art by Mike Sullivan; Getty Images

OpenRouter Financials Suggest Steep Price For Possible Acquirer Stripe

By Amir Efrati and Stephanie Palazzolo · Jul 29, 2026 5:59am PDT

Alex Atallah, CEO of OpenRouter, left, and Patrick Collison, CEO of Stripe. Art by Mike Sullivan; Getty Images

OpenRouter Financials Suggest Steep Price For Possible Acquirer Stripe

By Amir Efrati and Stephanie Palazzolo · Jul 29, 2026 5:59am PDT

If Stripe ends up buying three-year-old startup OpenRouter for close to $10 billion, the payments firm would be paying a substantial premium of about 70 times the startup’s recent annualized revenue, according to a person with knowledge of OpenRouter’s financials. OpenRouter, which helps app developers access hundreds of AI models, was recently... If Stripe ends up buying three-year-old startup OpenRouter for close to $10 billion, the payments...