OpenAI Secured $11 Billion, Targets $9 Billion More In Fundraising
The company has raised just over half of its new target for its latest $1.25 trillion fundraising round.
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Anthropic to Proceed With IPO Roadshow Next Week
The roadshow will try to ride out AI-related volatility in tech stocks.
Tesla Will Discontinue Cybertruck Next Year
Elon Musk said it’s to make room for Cybercab product
Microsoft Ends Deal to Rent Cloud Servers from Oracle
Microsoft declined to renew its contract because the servers it was renting from Oracle were equipped with older chips that Microsoft believed became less useful over time.
GPU Futures Hopes Hit Another Roadblock as CME Delays Launch for Second Time
The exchange behind the futures product voluntarily agreed to delay.
Amazon Says Shoppers Can Now Text With AI Shopping Assistant Alexa For Shopping
It’s one of several efforts that make Amazon more competitive with rival consumer AI agents, including Meta’s Muse
Jensen Huang Asked to Brief Congress Over Alleged Chinese Spy Plot
Three House committees requested a briefing with the Nvidia CEO, citing national security concerns.
Silver Lake, Saudi Arabia’s PIF Made Takeover Approach for Unity Software
A buyout would follow the acquisition of Electronic Arts by Silver Lake, PIF and Jared Kushner’s Affinity Partners.
Lyft Growth Slows to 8% in Q3
Despite the slowdown, Lyft CEO David Risher was ebullient in a press release, saying "neither rain nor heat nor the gloom of night can slow Lyft's business."
Anthropic Launches Personal Finance Feature for Claude
Claude only has read-only access and can’t move, manage or invest money.
Amazon Strikes Uber Eats Partnership
Amazon Prime members can order deliveries on Amazon, without a delivery fee, with the deliveries handled by Uber Eats.
Unity Software Reports Strong Growth in AI Ad Business
Unity shares have rallied nearly 200% since March as the company has reported that its new ad business was surging.
Anthropic’s R&D Speed May Have Doubled Due to AI, Researchers Find
Engineers’ use of Anthropic’s Claude models to develop new model generations has substantially sped up the pace of AI progress, a report from AI nonprofit METR says.
Veteran Media Mogul John Malone Gives Up Controlling Stake in Liberty
Malone, who is 85 years old, was a major force in the media industry from the 1970s until the early 2000s.
China Blocks SoftBank’s $5.4 Billion ABB Robotics Deal
SoftBank struck a deal to acquire the company in Oct last year
Sequoia Closes London Office to Focus on Silicon Valley
The venture capital firm said it didn’t see a need for a European presence, amid a number of other structural changes it is making.
Snap Reports Anemic Ad Growth
Snap's daily user numbers were flat in the U.S. and Europe from the previous quarter, down from a year earlier.
Exclusive: Microsoft Lowered Data Center Spending Following Delays By Cloud Firm Iren
Iren, which reports earnings this week, is facing pressure as borrowing costs have risen.
DOJ Seeks Documents in Rippling, Deel Spy Case
The Department of Justice subpoenaed Rippling, seeking all documents produced during discovery in an alleged corporate espionage lawsuit the company is waging against rival startup Deel.
Weekday mornings
The Information AM by The Information Staff
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