OpenAI Said to Forecast Nearly $280 Billion in Cash Burn Through End 2030
The company’s cash burn and revenue forecasts are higher than the ones reported early this year.
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Google’s Gemini Model Hacks Companies During Test
The tech giant confirmed three unauthorized intrusions during evaluation.
Nscale IPO Files to Go Public, Shows Huge Revenue Jump And Steep Losses
The Nvidia-backed cloud provider is going public after agreeing to large compute deals with Anthropic, Microsoft.
CoreWeave Prices $3.7 Billion Convertible Bond Offering
The debt carries a 2.875% coupon, more than a percentage point higher than CoreWeave’s April convertible offering.
U.S. Lawmaker Ro Khanna Urges Chinese Labs to Help Pace Frontier AI
The move comes ahead of President Trump’s meeting with Chinese leader Xi Jinping in Washington next week.
Bug Hunters Used Claude to Hack OpenAI
The disclosure is the latest evidence of cybersecurity vulnerabilities at AI companies.
Cooley Partners with OpenAI on Legal Tool For Drafting SEC Filings
The law firm and AI lab co-launched a product, called GO Public, that can draft S-1 filings within minutes.
Exclusive: OpenAI Hires Global Sales Chief From SpaceX and Two Senior Snowflake Salespeople
OpenAI brings in more seasoned enterprise salespeople as it looks to drum up more business with large corporate customers.
Bridgewater’s Jensen Says Hedge Fund Has “Very Small Position” in AI Build Out Trade
An “incredible trade two years ago” has now been largely priced in, he said, leading Bridgewater to look elsewhere for investment opportunities.
SEC to Allow Tokenized Stocks in U.S.
The SEC and CFTC each moved forward with crypto-friendly guidance after Congress failed to pass crypto bill.
Microsoft Execs Voiced Concern About OpenAI’s Data Use, New York Times Claims
The Times and other publishers sued both Microsoft and OpenAI in 2023, arguing that both companies violated copyright law.
CoreWeave Unveils New ATM Program, Seeks $3 Billion in Convertible Bond Sale
The company said the new equity offering would give it more flexibility after a year of heavy borrowing.
Huawei Speeds Up AI Chip Launch to Challenge Nvidia
The Chinese technology giant also unveiled a system that connects thousands of chips using a design that may be cheaper and easier to repair than Nvidia’s.
OpenAI Discloses More Safety Incidents and Adopts New Reporting Framework
The six new incidents involved a model instructing itself to disregard constraints as it continued working, hiding mistakes, and taking unauthorized software actions.
Google Must Make Tech More Compatible With Rivals, Judge Rules
A federal court overseeing the government’s anti-trust against Google’s advertising technology business said AI changed the market
OpenAI Tests Sponsored Agents, Adds AI Tools for ChatGPT Advertisers
OpenAI is ramping up its advertising business, rolling out AI tools for both users and partners.
Circle Launches New Blockchain for Stablecoins, Other Assets
The move will help Circle diversify its revenue beyond interest income from stablecoin reserves.
Nvidia CEO to Attend Trump’s State Dinner for Xi
Nvidia’s CEO will join the leaders as disputes over chip access and calls to slow AI development sharpen the tech race between Washington and Beijing.
SK Hynix in Talks With Intel to Make Memory Chips in the U.S.
Any advanced memory production deal would have to go through regulatory review in Seoul.
Zuckerberg Says AI Safety Is Becoming a Competitive Necessity
Meta Platforms CEO takes implicit swipe at calls for collective slowdown, saying companies can act on their own
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.
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