SoftBank’s Son Seeks $100 Billion From Gulf Investors for AI Bets
SoftBank previously raised money from the region for its first $100 billion Vision Fund in 2017.
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Nvidia-Backed Firmus Scraps $5 Billion Australia IPO as Markets Wobble
The retreat comes as Nvidia rethinks a program that backs chip purchases by smaller cloud companies like Firmus.
South Korean Banks Were Hacked Using Chinese AI Agent, Researchers Say
Autonomous agents and highly capable open-source models are enabling hackers to execute large-scale cyberattacks.
Anthropic Announces Broader Cyber Defense Program
The company will offer support to critical infrastructure operators and free vulnerability scans for open-source software.
SpaceX Announces Plans That Could Take Aim at Major Mobile Carriers
SpaceX’s Starlink Mobile service could evolve from filling in gaps in existing cellphone networks to competing more directly with traditional US wireless carriers.
OpenAI’s Annualized Revenue Neared $50 Billion, Lower Than Past Reports
OpenAI revenue is growing, just not as quickly as some reports.
Waymo Closes $5 Billion in Debt Financing
Alphabet's self-driving rideshare company earlier this year closed a $16 billion equity investment.
OpenAI Researchers Say They Were Fired for “Prioritizing Safety”
They said the reasons given for their firing were pretextual and remaining employees are now concerned about their own jobs.
White House Suspends Visa Program for Microsoft, Other Tech Firms
Microsoft said in a statement it pays H-1B employees the same as other employees and primarily sponsors visas for immigrants already working in the U.S.
Exclusive: Former Omidyar CEO Founds AI Investor Network
The trust is backed by about $25 million in initial funding.
Manus Raises More Than $500 Million After Unwinding Meta Deal
The China-founded startup faces growing competition as Meta’s Muse reshapes the global market for personal agents.
Amazon Lays Off Hundreds in Stores Division
The layoffs follow mass layoffs in the past year—Amazon laid off 14,000 people in October and another 16,000 in January.
Former White House AI Adviser Sriram Krishnan Raising a Venture Fund
Krishnan plans to focus on investments in U.S. AI companies in areas such as national and cyber security.
U.S. Treasury Issues First Fine Over Outbound Investments in China’s Tech Sector
The parent company of startup accelerator Plug and Play Tech Center was fined $200,000 for failing to notify the government of an investment in a Chinese robotics startup.
Microsoft Debuts Nvidia-Powered PCs with On-Device AI, Following Apple’s Breakout Hit
Microsoft's Copilot software will now automatically use local AI models for some tasks to bring down costs.
Musk Says SpaceX Will Sometimes Use Rival Models to Power Grok Bot
The move signals a shift away from relying exclusively on models developed in-house.
Former Google, Nvidia Execs Launch Company to Ease GPU Crunch
National Compute plans to pool underutilized cloud AI servers so smaller companies can rent them.
SpaceX Seeks to Raise $40 Billion From Apollo to Buy Nvidia Chips
The talks come as AI and rocket company SpaceX expands its compute-leasing business.
OpenAI Publishes Over 700 New Math Papers with AI-Made Solutions
The deluge of new research follows a firestorm last month when the company’s AI solved the ‘Navier-Stokes’ problem
HubSpot Lays Off 7% of Workforce, Says It’s Not Because of AI
HubSpot becomes the latest business software provider to cut staff this year, as fears over AI taking a bite out of its revenue continue to percolate.
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