Robinhood CEO Vlad Tenev said his free stock-trading app had been initially told by its stock clearinghouse that it would need to come up with $3 billion to cover the risk caused by the surges of GameStop and other so-called meme stocks. But that was cut down to $700 million early Thursday after Robinhood agreed to prevent its retail clients from making further purchases of those shares. While...
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Robinhood CEO Elaborates on Cash Crunch With Elon Musk
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Pro Weekly: Generative AI Spurs Cloud Demand—and Competition
Welcome back!To help readers track the frenzy around generative artificial intelligence, we launched The Information's Generative AI Database, listing 39 startups that make AI models or build services on top of them. Together, those companies have raised more than $15 billion from more than 50 investors.OpenAI, whose ChatGPT fueled the generative AI craze, has seen the bulk of that haul,...
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