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Why Big Tech is Suddenly Paying Up for Startups

When The Information broke the news that OpenRouter was in talks to sell the company last month, a shock wave rippled across Silicon Valley. My phone lit up with bankers asking me if I had also heard that there had been a record nine suitors for the company, which helps customers switch between different AI models and centralize billing. I got the sense that at least two people I called about the deal turned around and placed their own bids as soon as I hung up.

SpaceX Announces $100 Billion Starship Launch Site in Louisiana

The site will allow SpaceX to expand its launch facilities outside of Texas and Florida.

Citadel Securities, DTCC Partner LayerZero Launches New Exchange

The new exchange, called ATLAS, will target financial institutions that are looking to trade assets on blockchain.

Exclusive: Hugging Face Annualized Revenue Jumps 50% to $150 Million

The decade-old startup is nearing a deal to sell itself.

Alabama Starts Probe Into OpenAI Over Hugging Face Hack

Investigation follows letter to the company from 15 state attorneys general about the incident

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Nvidia Announces New Customers For Vera CPU, Groq LPX Racks

The customers are SpaceX and Nebius, two of Nvidia’s biggest customers and closest partners.

Shein Expects IPO Valuation of $26 Billion

That decline reflects how Shein has been buffeted by the end of the 'de minimis' rule in the U.S., which allowed Americans to buy items without paying an import duty.

Nvidia to Raise Flagship AI Chip Prices 17%, Server Makers Say

This is more bad news for data center developers.

What happens when Silicon Valley logs off—the trends, people and companies shaping tech culture.

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Nvidia Invests in Data Center Power Firm, Preps Multibillion-Dollar Perplexity Deal

Jensen Huang's dealmaking spree continues

Alibaba Seeks to Raise $10 Billion in Share Sale to Fund AI Investments

The tech giant is accelerating its infrastructure spending to stay competitive in China’s fierce domestic AI race.

TikTok Reaches $400 Million Settlement With DOJ Over Child Privacy Lawsuit

The settlement removes another obstacle for TIkTok in the U.S., after the company reached a deal late last year to avoid a ban.

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Exclusive: OpenAI Explored Stake in Stargate Power Developer Lancium

Nvidia, which is also providing a large backstop for an OpenAI data center campus in Ohio, ultimately invested in power developer Lancium.

Exclusive: Key OpenAI Sales Executive Kaylin Voss Returns to Salesforce

Voss' resignation comes a week after her former boss, Denise Dresser, left the company.

OpenAI Integrates ChatGPT into Apple Messages on Mac

OpenAI and Apple have a tense relationship
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