Bending Spoons Prices IPO Above Preliminary Range
The IPO price values the company at $19.4 billion.
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Meta Said to Plan AI Cloud Business Push
Selling excess computing power could help the company offset some of its AI infrastructure investments.
Microsoft Plans Thousands of Layoffs in Sales, Engineering, Xbox
Microsoft typically conducts layoffs after the close of its fiscal year, which ended on Tuesday. The company has said headcount will slightly decline this year.
Anthropic Backtracks Spyware Targeting Chinese Users After Controversy
Claude models are widely used by developers in China, even though Anthropic restricts Chinese users’ access to its platform.
Exclusive: Nvidia Funds Security Firm Verkada
Nvidia’s involvement is part of its bet on AI that’s applied to the physical world, which CEO Jensen Huang has called a $50 trillion opportunity.
Lime Prices IPO at $25 a Share
The Uber-backed scooter rental company will tap investor interest in non-AI companies.
Meituan Releases New AI Model Trained Entirely on Chinese Chips
The move shows how China is stepping up its effort to reduce its dependence on Nvidia chips.
U.S. Eases Export Curbs on Anthropic’s Fable Model
Anthropic said it will begin restoring access to the model on Wednesday.
Schneider Electric Agrees to Buy Industrial AI Firm Cognite for $3.1 billion
Schneider, which makes energy infrastructure for AI data centers, will combine the startup with its own industrial software company.
Anthropic Runs Pre-Clinical Drug Trials, Launches Sonnet 5 Model
Anthropic also released the Claude Science app.
Exclusive: Jefferies Hires Goldman Sachs’ Alex Tingle as Global Head of Digital Infrastructure Banking
Investment banks like Jefferies are ramping up their efforts to capitalize on a flurry of deals in data centers and infrastructure.
Amazon Web Services Creates Forward Deployed Engineer Organization
The company will invest $1 billion and co-sell with other companies, like OpenAI and Anthropic
Stripe, Visa, Mastercard Join Consortium Launching New Stablecoin
Circle’s stock fell 13% after the news as competition increases.
Supermicro Office Raided in Taiwan as Chips Smuggling Probe Widens
The U.S. earlier charged individuals affiliated with Supermicro with helping smuggle chips into China.
Marc Andreessen, Blake Masters Appointed to Defense Department Policy Board
Andreessen’s VC firm Andreessen Horowitz has championed an investment strategy of backing startups developing tech that supports U.S. national interests.
Uber, Waymo End Robotaxi Partnership in Phoenix
Waymo will continue to offer rides to Phoenix residents via its own app.
Strategy Says It May Sell Up to $1.25 Billion of Bitcoin
Michael Saylor’s Strategy wants to turn around its stock with share buyback and bitcoin sales.
Rocket Lab announces deal to buy satellite company Iridium
The deal will make it easier for Rocket Lab to compete with SpaceX and its Starlink satellite network.
Comcast to Split into Two Companies
The split comes as Comcast stock is trading at its lowest point since 2014 and as merger activity in the film and TV market has intensified.
South Korea to Invest $880 Billion Into Chips, Robotics and AI Over 10 Years
The investment plan includes $518 billion into four memory chipmaking plants
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