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.
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Recent Editions
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."
Kuaishou Confirms Seeking External Funding for Kling AI Video Unit
The company’s announcement comes after The Information’s report on its plan to spin off the Kling unit ahead of a planned IPO next year.
Media Mogul Byron Allen to Buy Control of BuzzFeed
The deal rescues the struggling digital media firm from likely extinction.
Circle Raises Funding at $3 Billion Valuation for Arc Blockchain
Shares of the stablecoin issuer jumped 16% after it reported 20% revenue growth.
Ilya Sutskever Says His OpenAI Stake is Worth About $7 billion
Co-founder and former chief scientist left the startup two years ago
Nadella Testifies Musk Never Complained to Him About OpenAI Deals
Nadella said Musk didn’t get in touch when Microsoft was negotiating its 2019 and 2023 investments into the startup.
OpenAI Launches $10 Billion Private-Equity Joint Venture, Acquires Consultancy
As part of the joint venture, OpenAI has acquired consulting firm Tomoro, which will bring on around 150 forward deployed engineers.
Cerebras Raises Pricing Range Ahead of IPO
Cerebras' move signals strong investor demand for the IPO.
Google Says Hackers Used AI to Find Critical Security Flaw
The incident is one of the first confirmed cases of the type of potential cyberattack that AI labs have been warning against in recent months.
Uber Promotes Jill Hazelbaker to President
Hazelbaker is a veteran technology communications and public policy leader who worked at Google and Snap before joining Uber in 2015.
Exclusive: Scale Investor Dan Levine Steps Back From Accel
The VC firm disclosed the change to its limited partners.
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