OpenAI Confidentially Files IPO Paperwork, Plans Separate Employee Share Sale
OpenAI said on Monday that it has filed draft paperwork for an initial public offering with the Securities and Exchange Commission.
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Bending Spoons Files to Go Public
Bending Spoons has acquired a string of aging U.S. internet businesses and wants to buy more.
Nvidia, SK Hynix Sign Multi-Year Deal for Next-gen AI Memory
The deal underscores how advanced memory has become one of the biggest bottlenecks in Nvidia’s push to sell more AI chips.
Top White House AI Advisor to Leave Post
Sriram Krishnan will leave the Trump Administration at the end of June.
Trump Targets Meeting With AI Companies to Discuss Financial Partnerships
Trump added his plan would allow the American public to share the benefits of AI.
Semiconductor Stocks Lead Friday’s Market Selloff
Amid a broader market slump, three chip companies—Marvell, Micron and Arm—fell furthest.
JPM, Citi, Other Banks Plan Tokenized Deposit Network
The Clearing House plans to offer clearing and settlement of tokenized deposits between banks.
Google Agrees to Pay SpaceX $920 Million Monthly for Compute Access
SpaceX has been renting out compute capacity to other AI companies as its own model development efforts, via xAI, have faltered.
Exclusive: Tesla Pushes Roadster Demo to August
It’s the latest delay for the unveiling of Tesla’s first vehicle debut in nearly two years.
Reid Hoffman to Depart Microsoft Board
Microsoft said Hoffman will continue to serve on its board until its next annual shareholder meeting.
Nvidia CEO Returns to South Korea as AI Memory Runs Short
Jensen Huang’s second visit in seven months shows South Korea’s growing importance to Nvidia as booming AI demand strains supplies of memory chips
Data Center Developer Switch in Talks to Raise Billions at $50 Billion-Plus Valuation
The valuation reflects investor interest in companies supporting the AI boom.
U.S. Officials Said to Discuss Taking Stakes in AI Companies
Discussions are preliminary and details are in flux, the publication Notus reported.
S&P 500 Won’t Make Change That Would Have Fast-Tracked SpaceX
The changes would almost certainly have helped SpaceX, as well as other highly-valued IPO candidates Anthropic and OpenAI, join the S&P 500 faster.
Brian Chesky in Talks to Back New AI Lab
The lab will aim to develop models with a possible design focus, according to a Bloomberg report.
Rubrik Stock Slides On Tame 2027 Growth Outlook
The cybersecurity firm’s higher growth projection for this year still represents a slowdown relative to its fiscal 2026 growth.
Exclusive: Nadella Rebukes Microsoft Executive’s Plan to Make Users “Addicted” to AI Agents
Nadella's message came in response to media reports about a leaked Microsoft memo advocating to “make people addicted” to its new AI agent.
Bipartisan AI Regulatory Framework Released That Would Override Some State Rules
Reps. Jay Obernolte (R-Calif.) and Lori Trahan (D-Mass.) unveiled the bill on Thursday.
Pinterest Commits to Using Trainium Chips, Spend $4 Billion with AWS
Pinterest will use the AI chips to power its visual discovery engine
Weekday mornings
The Information AM by The Information Staff
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