Meta, Microsoft, Nvidia and Others Sign Letter Defending Open-Source AI
The statement comes as the Trump administration weighs open-source restrictions.
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OpenAI President Endorses Musk’s Proposal For Industry Meetings on AI Safety
In a press briefing, OpenAI president Greg Brockman shared his thoughts about a recent Elon Musk proposal and Chinese open-source models.
Amazon Shuts AI Agent Research Lab In AGI Layoffs
Founded in late 2024, Amazon's AGI Lab combined long-term research and product development aimed at making AI agents more useful to businesses.
Google Says It Holds $94.1 Billion in SpaceX Stock
SpaceX shares closed at $118.24 Thursday, down from the $135 IPO price.
Stripe in Talks to Buy Startup OpenRouter
Databricks previously held M&A discussions with the startup.
AMD Partners with Rival Cerebras on AI Server Rack
AMD is following Nvidia in partnering with rival chipmakers.
Intel Shares Jump 12% After Second Quarter Report Shows It Generated $4.5 Billion in Cash
The company had been burning cash for years.
Crypto Exchange BitMEX to Shut Down
BitMEX, co-founded by Arthur Hayes in 2014, has about $1 billion in user assets.
IBM Cuts Revenue Target as AI Eats Into Its Sales
The company first warned shareholders about the sales slowdown last week, sending its stock plummeting.
Tesla’s Revenue Climbed 26% in the Second Quarter
Even as the company generated more cash from its day-to-day business, it spent heavily on new manufacturing capacity and AI projects.
Google Cloud Growth Drives Alphabet 24% Revenue Increase
Google also increased its capital expenditure projection for full-year 2026 to $195 billion to $205 billion from $180 billion to $190 billion
ServiceNow Reports Accelerating Second Quarter Growth
The acceleration was partly due to strong demand from the federal government that pulled business into the second quarter from the third quarter.
Amazon Cuts Staff to Division Working on Homegrown Models
Amazon is still committed to the creation of Nova models, but is focusing on certain areas, including its Nova Forge service
Exclusive: Cursor Launches Model Router
The product comes amid enthusiasm for cost-saving routers.
AMD to Invest Up to $5 Billion in Anthropic, Strikes Chip Deal
Anthropic continues to diversify its AI server suppliers.
Department of Energy Partners with American Open-Weight Model Provider Arcee
The partnership is part of a DOE effort to use AI to accelerate research at national labs
Monday.com to Cut 20% of Workforce
Monday.com had planned to expand its workforce by 20% but it has gradually retreated from those plans over the past six months.
Exclusive: Veteran Fidelity Fund Manager Joins Michael Dell’s Family Office
Benjamin, a longtime fund manager, managed the $55 billion Fidelity Select Semiconductors mutual fund.
U.S. and China Plan to Hold AI Talks in September
The AI race between the U.S. and China is intensifying, as Chinese AI firms roll out increasingly powerful open-source models that challenge Silicon Valley.
OpenAI Names Two Banking CEOs to Board of Directors
OpenAI is adding two new members to its board of directors, Nubank CEO David Vélez and Bank of New York Mellon CEO Robin Vince.
Weekday mornings
The Information AM by The Information Staff
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