Tesla plans to sell up to $5 billion in new shares, taking advantage of the rocketing price of its stock to raise money. Shares of the electric car maker has soared 843% over the past 12 months, adjusted for a stock split in late August. The stock has been given an extra lift by Tesla’s pending inclusion in the S&P 500, which means the shares will be highly sought after by investment funds...
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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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