Exclusive: Mercor Hit Over $2 Billion in Gross Annualized Revenue
The growth comes from increased demand from AI app developers and Fortune 500 customers looking to build their own or fine-tune existing AI models.
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Recent Editions
Microsoft to Cut 4,800 Jobs in Sales, Xbox; Sell Several Xbox Game Studios
Microsoft told staff that the cuts were due to shifting its business to focus more on AI products, but that “the roles eliminated today are not being replaced by AI.”
Broadcom and Apple Extend Tech Collaboration Through 2031
The new deal involves the development and supply of custom chips for various Apple products.
Singapore Files New Charges in Nvidia Chip Fraud Case
The new charges expand an ongoing probe into the smuggling of Nvidia chips.
Alibaba, Bytedance Halt Personalized AI Features as Regulations Tighten
The Chinese tech giants are removing user-generated AI agent features from their chatbot apps to comply with Beijing’s new rules.
Tesla expands Robotaxi service to Miami
It’s the fifth city Tesla has launched its ride-hailing service.
Alibaba Bans Employees From Using Claude
Alibaba internally cited security concerns about Claude Code’s recently discovered hidden code targeting Chinese users.
Kuaishou Announces Kling AI Video Unit’s Fundraising at $15 Billion Valuation
The fundraising, first reported by The Information in May, paves the way for Kling’s initial public offering.
SoftBank Plans to Rent AI Computing Capacity to U.S. Companies
The new unit will compete with other neo cloud companies.
Google Loses Fight Against Record €4.1 billion Android Antitrust Fine
The European court's dismissal ends an eight-year antitrust tussle.
Nvidia’s Longtime Sales Chief Retires
Jay Puri’s successor is Microsoft sales veteran Nicholas Parker.
OpenAI Has Discussed Size of Stake U.S. Government Could Take
The company has floated the idea of a public fund seeded with AI company stocks.
Tesla Vehicle Sales Rebounded 25% in Second Quarter
Makers of electric vehicles and plug-in hybrids have benefitted from surging gas prices this year due to the Iran War, even as other U.S. automakers beyond Tesla have been refocusing on combustion vehicles.
Microsoft Commits $2.5 Billion to New Applied AI Consulting Effort
The new unit comes as large companies have groused that it can be tricky to configure AI software to their own needs and generate meaningful returns.
Alibaba and Affiliate to Pay $600 Million in U.S. Settlement Over Illegal Drug Sales
The Justice Department says Alibaba and its U.S. payment affiliate failed to stop merchants from illegally importing drugs into the U.S.
Nvidia Will Backstop Customers’ GPUs, Take a Cut of Their Cloud Revenues
The move is part of Nvidia's longstanding push to help more companies be able to afford its vaunted but expensive GPUs.
8VC Raises $1.5 Billion Fund
8VC is one of several VC funds that have recently raised their largest funds in short succession to the last as startups raise record-sized rounds.
Meta Said to Plan AI Cloud Business Push
Selling excess computing power could help the company offset some of its AI infrastructure investments.
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