Cisco Shares Jump 18% as Cloud Providers Increase AI Product Orders
Cisco Systems, the world's largest seller of networking switches and routers, is benefits as major cloud providers respond to surging customer demand for AI.
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Fervo Raises Nearly $2 Billion in IPO
Enhanced geothermal provider aims to deliver clean, reliable power for AI data centers.
Microsoft Says It Spent More Than $100 Billion on OpenAI
That includes the $13 billion Microsoft invested in OpenAI, as well as the costs of building and running infrastructure—including new data centers—for OpenAI.
Latest Version of Anthropic’s Mythos AI is Even Better at Hacking, UK Researchers Say
AISI researchers said the newer Mythos model conducted cyberattacks that the earlier version couldn’t do.
Alibaba Expects $4.4 Billion in Annualized AI Revenue by Year-End
The Chinese tech giant is counting on AI services to drive the growth of Alibaba Cloud.
Tencent Says China’s AI Chip Crunch Is Easing, Plans to Spend More
Tencent said the company is working on a larger new AI model as it races to close the gap with rivals in China’s fiercely competitive AI market.
Rent the Runway Cofounder to Step Down as CEO
Jennifer Hyman, who founded the clothing rental company in 2009, turned over control of the company to lenders last year.
Nebius Reports 700% Increase in Q1 Revenue
Nebius' customers include both Meta and Microsoft.
Nvidia’s Jensen Huang Included in Trump Trip
Trump called Jensen Huang and invited him after seeing reports that he had been left out of the trip.
Amazon Drops ‘Rufus’ Branding on Shopping Chatbot, Adds AI in Search
AI shopping on Amazon’s retail site and app now branded “Alexa for Shopping”
Former Alibaba Star Researcher Starts New AI Lab, Seeks $2 Billion Valuation
The high target valuation reflects Lin’s accomplishments at Alibaba and growing investor euphoria for AI stocks.
Nvidia CEO’s Charitable Foundation Signs GPU Deal With CoreWeave
Nvidia is both an investor in CoreWeave and its most important supplier.
Nvidia CEO’s Children Earn Over $1 Million Annually
While both siblings received an MBA degree, neither took a conventional path to Silicon Valley.
SAP Deepens Ties With Anthropic, Unveils AI Product Bundle
SAP, which last month suggested it would ban customers from using external AI agents to access their data, has shed more light on its AI strategy.
Google to Hire Hundreds of Engineers to Help Customers Adopt Its AI
Tech giant joins a wave of AI companies announcing expanded use of ‘forward deployed engineers’
Sam Altman’s Personal Investments Prompt GOP Probe, Call for SEC Investigation
The moves come after reports that the OpenAI CEO had advocated for partnerships between the AI company and startups he held stakes in.
Google Adds Klarna, Affirm as AI Shopping Payment Options
The search giant has been slowly rolling out its AI-powered shopping tools this year.
EBay Tells Cohen Offer is “Neither Credible Nor Attractive”
As eBay noted, the cash portion didn't have definitive financing and the stock portion of the bid rested on GameStop's unpredictable valuation.
BuzzFeed Plans Split of Studios Business to Attract Investors
BuzzFeed also plans "significant cost-reuction measures, including workforce reductions, real estate consolidation and increased automation."
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