SoftBank Writes Off $3.7 Billion on Advance Payments for Data Center Projects
SoftBank said the writedowns reflected a review of projects, without giving details.
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Stablecoin Card Startup Rain Launches Vaults for AI Agents
Rain’s vault product will compete with Stripe, a major provider of payment infrastructure for agents.
Anthropic Sets Lower than Expected Valuation, Seeks to Raise $90 Billion in IPO
The IPO valuation is slightly lower than what investors initially expected.
Anthropic’s Outside Counsel Sent Banks Wrong Documents Before Launching IPO
Anthropic is expected to start marketing its IPO Tuesday.
President Trump Says FBI is Probing Nvidia CEO’s Relationship with Chinese National
Trump and Huang have had a close relationship during the president’s second term.
Anthropic Releases New Frontier Models as IPO Nears
The AI company released its first new frontier models since CEO Dario Amodei called for a slowdown in AI development for safety.
Nvidia Shares Fall 4% as Broadcom and AMD Rise
The inquiry casts a huge shadow over Jensen Huang's future at Nvidia, which has played a central role in the rapid advance of AI technology in the past few years.
Google Announces New TPUs It Says Are More Powerful and Secure
The new chips were designed to handle sensitive and agentic workloads, company says.
Nvidia Board Is Launching Investigation After Reporting That CEO Targeted By Chinese Informant
The independent investigation comes after The New York Times reported that Jensen Huang had ties to a woman who American officials believed was passing along information to Beijing.
Meta Strategy Chief Dave Wehner to Become Fireworks CFO
Former Meta executive is leaving to become CFO of inference provider Fireworks.
Longtime SpaceX Board Member Resigns
Donald Harrison was among the SpaceX directors weighing the possibility of a SpaceX-Tesla merger.
OpenAI Expected to Brief Investors Next Week After Raising $11 Billion
The company has raised just over half of its new target for its latest $1.25 trillion fundraising round.
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.
Weekday mornings
The Information AM by The Information Staff
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