Nvidia CEO Returns to South Korea as AI Memory Runs Short
Jensen Huang’s second visit in seven months shows South Korea’s growing importance to Nvidia as booming AI demand strains supplies of memory chips
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Data Center Developer Switch in Talks to Raise Billions at $50 Billion-Plus Valuation
The valuation reflects investor interest in companies supporting the AI boom.
U.S. Officials Said to Discuss Taking Stakes in AI Companies
Discussions are preliminary and details are in flux, the publication Notus reported.
S&P 500 Won’t Make Change That Would Have Fast-Tracked SpaceX
The changes would almost certainly have helped SpaceX, as well as other highly-valued IPO candidates Anthropic and OpenAI, join the S&P 500 faster.
Brian Chesky in Talks to Back New AI Lab
The lab will aim to develop models with a possible design focus, according to a Bloomberg report.
Rubrik Stock Slides On Tame 2027 Growth Outlook
The cybersecurity firm’s higher growth projection for this year still represents a slowdown relative to its fiscal 2026 growth.
Exclusive: Nadella Rebukes Microsoft Executive’s Plan to Make Users “Addicted” to AI Agents
Nadella's message came in response to media reports about a leaked Microsoft memo advocating to “make people addicted” to its new AI agent.
Bipartisan AI Regulatory Framework Released That Would Override Some State Rules
Reps. Jay Obernolte (R-Calif.) and Lori Trahan (D-Mass.) unveiled the bill on Thursday.
Pinterest Commits to Using Trainium Chips, Spend $4 Billion with AWS
Pinterest will use the AI chips to power its visual discovery engine
Meta Looks to Charge Up to $200 a Month for Planned ‘Hatch’ AI Agent
Planned consumer version of the OpenClaw agent tool is part of Meta's effort to add revenue streams to justify its heavy spending on AI.
Benchmark Raises $1.25 Billion Fund to Back Mature Startups
The firm has raised two new funds, one of which will invest in later-stage startups, breaking its tradition of exclusively backing early-stage companies.
SpaceX Sets $135 Per Share Target Price for IPO
Setting an exact price per share at this stage is unusual.
Apple to Launch New Siri in September With Help of Google, Nvidia
Apple will use Nvidia’s B200 chips to run parts of Siri
Broadcom Reports 48% Revenue Growth as AI Chip Business Expands
The company projected its topline to expand 84% in the third quarter, driven by even faster growth in AI chips.
Stripe, Visa, Mastercard, Coinbase to Form Consortium to Issue New Stablecoin
The new stablecoin will seek to challenge Circle and Tether’s market dominance.
Meta Rolls Out AI Business Agents Globally
The company is also launching a new platform that lets businesses connect agents to tools like Shopify and Zendesk to automate customer interactions and sales functions.
Google Increases Equity Raise to $84.75 Billion
The bulk of the money is earmarked for spending on AI infrastructure and compute, highlighting the cost of the AI infrastructure buildout.
Snowflake, Startup AtScale Building Bridge to Microsoft’s Power BI
The two software providers aim to make it easier for their joint customers to analyze data in Microsoft's data visualization tool.
Shopify Becomes Latest Software Firm To Buy Back Shares
Salesforce, Pinterest and ServiceNow have also ramped up their buybacks this year.
Anthropic Expands Glasswing to 150 New Organizations
The organizations will gain access to Anthropic’s cyber-capable model, Claude Mythos Preview.
Weekday mornings
The Information AM by The Information Staff
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