Exclusive: Xbox to Cut Hundreds of Jobs, Consolidate Game Studios
Xbox CEO Asha Sharma in July told staff she would eliminate 1,600 roles by the end of the year on top of 1,600 roles the company cut that month.
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Recent Editions
SB Energy Faces Investor Skepticism in IPO, Report Says
The offering will test public investor appetite for the developer of a huge OpenAI complex.
Smart-ring Maker Oura Files to Sell $2.2 Billion in IPO
Existing shareholders like Forerunner are selling most of the listed shares.
Paramount Settles State Antitrust Lawsuit, Clearing Way for Warner Deal to Close
Under the settlement, Paramount agreed to release at least 30 films into movie theaters a year, and to not put those movies onto streaming services for at least 90 days.
OpenAI Releases Proposal for International AI Safety Coordination
The blog calls for global safety institutes to work together and to create standards around evaluation.
Amazon Blocks Meta’s Muse Agent
Amazon's move reflects a longstanding philosophy. The tech giant blocked shopping bots from Google and OpenAI scraping its site.
Alibaba Appoints New Head of Qwen LLM Team
Dayiheng Liu’s appointment brings clarity to Alibaba’s LLM leadership after its Qwen model team went through multiple rounds of reorganization.
U.S. and China Discussed AI Safety System, Bessent Says
Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer met with Chinese counterparts on Sunday in New York.
President Trump Announces ‘AI Force,’ Will Appoint New Czar
The president lashed out at AI critics while announcing his idea for a new body to maintain the country's competitiveness with China.
OpenAI Said to Forecast Nearly $280 Billion in Cash Burn Through End 2030
The company’s cash burn and revenue forecasts are higher than the ones reported early this year.
Google’s Gemini Model Hacks Companies During Test
The tech giant confirmed three unauthorized intrusions during evaluation.
Nscale IPO Files to Go Public, Shows Huge Revenue Jump And Steep Losses
The Nvidia-backed cloud provider is going public after agreeing to large compute deals with Anthropic, Microsoft.
CoreWeave Prices $3.7 Billion Convertible Bond Offering
The debt carries a 2.875% coupon, more than a percentage point higher than CoreWeave’s April convertible offering.
U.S. Lawmaker Ro Khanna Urges Chinese Labs to Help Pace Frontier AI
The move comes ahead of President Trump’s meeting with Chinese leader Xi Jinping in Washington next week.
Bug Hunters Used Claude to Hack OpenAI
The disclosure is the latest evidence of cybersecurity vulnerabilities at AI companies.
Cooley Partners with OpenAI on Legal Tool For Drafting SEC Filings
The law firm and AI lab co-launched a product, called GO Public, that can draft S-1 filings within minutes.
Exclusive: OpenAI Hires Global Sales Chief From SpaceX and Two Senior Snowflake Salespeople
OpenAI brings in more seasoned enterprise salespeople as it looks to drum up more business with large corporate customers.
Bridgewater’s Jensen Says Hedge Fund Has “Very Small Position” in AI Build Out Trade
An “incredible trade two years ago” has now been largely priced in, he said, leading Bridgewater to look elsewhere for investment opportunities.
SEC to Allow Tokenized Stocks in U.S.
The SEC and CFTC each moved forward with crypto-friendly guidance after Congress failed to pass crypto bill.
Microsoft Execs Voiced Concern About OpenAI’s Data Use, New York Times Claims
The Times and other publishers sued both Microsoft and OpenAI in 2023, arguing that both companies violated copyright law.
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