Grab to Invest $60 Million in Remote Car Operator Vay
Grab could invest a further $350 million if Vay reaches certain milestones in the next year.
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Recent Editions
Exclusive: Goldman Sachs Hires Citi’s Josh Li for Tech Job
Banks are preparing for a flurry of tech IPOs in 2026 as the IPO market perked up after a three-year drought.
Tesla Shareholders Divided Over xAI Investment, Filing Shows
Fewer than 40% of shareholders overall supported an xAI investment, though more voted in favor of the proposal than against it.
Two Tesla Manufacturing Executives Leave
The departures come days after Tesla shareholders approved Musk’s new $1 trillion compensation package, which is based in part on rapidly scaling up vehicle production and sales.
Singapore’s Grab Invests in Remote-Driving Startup Vay
The deal will enable Vay, which operates a car rental service in Las Vegas using its remote driving technology, to expand its U.S. operations.
DeepSeek Researcher Warns of AI’s Negative Impact in Rare Public Appearance
DeepSeek, which became a global sensation in January, has kept a low profile and executives have avoided public engagements.
OpenAI CEO Altman Says Company Wants to Work With Government on Superintelligence Risks
Altman on Saturday promoted the comments via his X account.
Musk Argues OpenAI Suit Should Go to Trial
Musk’s lawyers argue that he can still sue despite donating through intermediaries.
OpenAI Seeks 35% Chips Tax Credit to Apply Towards AI Data Centers
The company also wants financial incentives for manufacturers to boost AI infrastructure
Banks Line Up $18 Billion Loan for Stargate Data Center
The loan would add to a long list of debt deals being lined up to support OpenAI’s rapidly expanding computing needs.
Buzzfeed Revenues Sinks 17% to $55.6 million
Shares plunge more than 37% as the digital media company shows declines in all its revenue streams
Elon Musk Says Tesla Could Build Chip Fab, Work With Intel
“Even when we extrapolate the best case scenario for chip production from our suppliers, it’s still not enough," Musk said. "So I think we’re probably going to have to build a gigantic chip fab.”
Nvidia CEO: No Plans to Ship Blackwell Chips to China
Nvidia’s business in China has been affected by the policies of both Washington and Beijing.
OpenAI CEO Sam Altman Forecasts $20 Billion in Annualized Revenue This Year
The company expects to finance its $1.4 trillion infrastructure costs with increased revenue
AWS Tech Leader Hints at More Chip Options for Customers
AWS already gives customers lots of chip options when renting cloud servers, and one of its technology managers says he expects that will expand in the future.
Craft Ventures’ Partner Plots New Fund
Rosenblatt’s departure continues the trend of experienced investors leaving venture firms to start their own, solo operations.
Tesla Shareholders Approve Musk Pay Package
More shareholders voted in favor of a proposal for Tesla to invest in Musk's xAI than those voting against. Tesla's board will consider next steps, the company said.
Mark Zuckerberg and Priscilla Chan Restructure Their Philanthropy
The Chan Zuckerberg Initiative will now focus on using artificial intelligence to research disease.
Ex-Hugging Face Sales Chief Co-Founds Enterprise AI Consulting Firm
Called Eliza, the new consulting firm aims to help employees in companies use tools like ChatGPT for more complex tasks than drafting emails.
PyTorch Co-Founder is Leaving Meta
Soumith Chintala joined Facebook in 2014 and co-created the company’s open-source machine learning library.
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