Crypto Traders Bet on SpaceX IPO Popping 20%
Crypto perpetual contracts on SpaceX are trading at $165 on Binance and Hyperliquid.
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SpaceX Prices IPO at $135 Per Share, Starts Trading Friday
SpaceX's IPO is set to be the largest listing in history.
KKR, Nvidia, Others Launch $10 Billion Data Center Company
Amazon Web Services’ former CEO will head the new venture, while Nvidia will be an anchor investor and strategic partner.
Meta Cuts Operational Ties With Manus
The company has separated its operations from Manus after Chinese regulators ordered the unwinding of the deal.
DoorDash Launches Conversational AI Assistant
The food delivery company is also planning to launch the ability for the assistant to make restaurant reservations.
Xbox Plans Layoffs as Revenue, Profit Margins Decline
Xbox CEO Asha Sharma told staff that the unit's profit margins have fallen to 3% this fiscal year.
Oracle Reports Mixed Quarter as Cloud Growth is Offset By Software Weakness
Oracle's AI data center revenue nearly doubled in the quarter to $5.8 billion, although capital expenditures to pay for AI data center expansion also rose sharply.
Anthropic Proposes Public Fund for Giving Americans Stakes in AI Companies
Trump repeated on Wednesday that he plans to meet with AI companies over the government taking equity stakes.
OpenAI Launches New ChatGPT Ads Featuring Specific Products
OpenAI has been launching different kinds of ads as it tries to catch up to ad giants Meta and Google.
Exclusive: OpenAI Preps New AI Model, Expects To Go Public ‘Within the Next Year’
Factors like the need for capital to buy compute and reaching self-improving AI could affect the IPO timeline, Altman said.
German Court Rules Google is Responsible for AI Overviews Errors
The court said search engine operators are not typically responsible for website links but AI Overviews "are independent statements made by [Google's] own tool."
Kalshi Asks Some Customers For Employer Information
Kalshi is asking customers in some wagers to provide the name of their employer, industry and job function before making bets.
Broadcom to Help Finance Anthropic, OpenAI Chip Deals With Apollo, Blackstone
Apollo will lead an initial $35 billion commitment to launch the fund, alongside participation from Blackstone.
SpaceX’s Starlink Regulatory Approval in India Said to Stall Over Iran War
As the world’s most populous country with relatively underdeveloped internet infrastructure, India is a huge potential market for Starlink.
U.S. Accuses Alibaba, Baidu, Others of Aiding Chinese Military in Blacklist Move
Several of the companies disputed the Pentagon’s claims and vowed to take legal action.
OpenAI Confidentially Files IPO Paperwork, Plans Separate Employee Share Sale
OpenAI said on Monday that it has filed draft paperwork for an initial public offering with the Securities and Exchange Commission.
Bending Spoons Files to Go Public
Bending Spoons has acquired a string of aging U.S. internet businesses and wants to buy more.
Nvidia, SK Hynix Sign Multi-Year Deal for Next-gen AI Memory
The deal underscores how advanced memory has become one of the biggest bottlenecks in Nvidia’s push to sell more AI chips.
Top White House AI Advisor to Leave Post
Sriram Krishnan will leave the Trump Administration at the end of June.
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