China’s MiniMax Launches New Model as Open-Source AI Coding Battle Heats Up
Chinese AI firms including MiniMax, Moonshot AI and DeepSeek are trying to attract more users by offering cheaper coding alternatives to Anthropic and OpenAI.
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Nvidia Unveils New Chip for PCs
Huang said Nvidia’s Vera Rubin system is now in full production, with a supply chain twice as large as Grace Blackwell’s, underscoring that AI computing demand is still rising.
Intel to Ship New AI Chip This Year to Challenge Nvidia
Intel wants to build its new AI chip in its own foundries, a move that could lower costs and reduce its reliance on TSMC.
US Clarifies AI Chip Export Loophole
The Commerce Department is making clear that Chinese companies cannot use overseas subsidiaries to sidestep US limits on advanced AI chips.
Anthropic Cuts List of Firms Unauthorized for Trading in Its Shares
Company’s early guidance in May prompted complaints.
Softbank to Invest Up To 75 Billion Euros on AI Data Centers in France
Plan to build and operate 5 gigawatts of capacity is the company’s largest AI infrastructure investment in Europe.
SpaceX Is Awarded $4 billion Contract with U.S. Space Force
Deal highlights importance of government business for Elon Musk’s rocket company.
Meta Plans an AI Pendant as Part of Ambitious Wearables Expansion
Facebook parent aims to drive AI use and stem huge losses in its hardware division.
Kalshi, Coinbase Approved to Offer Crypto Perpetuals in U.S.
U.S. regulator gave blessing to perpetuals, a highly-leveraged crypto product popular outside the U.S., for the first time.
Blue Origin New Glenn Rocket Explodes During Test
The incident could delay the company’s participation in the Artemis moon missions.
Dell Shares Rise Nearly 40% After Surge in AI Server Sales
The PC and server maker is continuing to benefit as more of its customers build AI applications, but component shortages are becoming an issue.
Illinois Legislature Passes Landmark AI Safety Bill
Illinois joins California and New York on AI regulation as federal government lags behind
Anthropic Releases New Flagship AI Model
Claude Opus 4.8 will cost the same as the prior flagship model, Opus 4.7.
Anthropic Raises $65 Billion at $900 Billion Valuation; Micron, Samsung Invest
The maker of Claude Code has passed $47 billion in annualized revenue.
SpaceX Committed to Six Month Anthropic Data Center Lease, Musk Says
The comment provides more detail than language in SpaceX’s recent public S-1 filing.
Meta Launches Paid AI Chatbot Subscriptions
The company is rolling out tiered paid subscriptions for its AI chatbot across Facebook, Instagram, and WhatsApp.
Google Employee Charged For Alleged Polymarket Bets
Federal prosecutors charged a Google employee with using confidential information to win $1.2 million betting on Polymarket.
Snowflake Shares Jump 35% as AI Product Adoption Grows
Investors seem to believe that Snowflake is well-positioned to ride out the SaaSpocalypse and become the go-to provider for customers to build AI applications.
Snowflake Inks $6 Billion Deal with AWS Tied to Graviton Chips
CPUs like Graviton are becoming increasingly important for AI workloads
Salesforce Stock Dips as Software Firm Lowers Cash Flow Forecast
Salesforce said its lower projection for operating cash flow growth was due to its recent $25 billion debt issuance.
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