Meta May Lay Off 20% of Staff, Report Says
Talks of the cuts come as the company forecasts a jump in capital expenditures.
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TikTok Joint Venture Investors to Pay Trump Administration $10 Billion
The total fee would be much larger than what investment bankers typically receive for a deal of this size.
Elon Musk’s xAI Hires Senior Thinking Machines Lab Staffer
Devendra Chaplot, a founding member of Thinking Machines Lab and a former member of the founding team at Mistral, is joining xAI to work on training its Grok models.
Kleiner Perkins, Andreessen Horowitz to Lead Investment in $1 Billion Neolab
Mirendil, a new AI startup started by ex-Anthropic researchers, is in talks to raise $175 million at a $1 billion valuation.
Musk’s $109 Billion Claim Against OpenAI to Proceed to Trial
The judge did not announce a decision on how much Microsoft could lose.
Trump Meme Coin Rallies on Mar-a-Lago VIP Competition
Promoters advertised an exclusive event for top holders of the $Trump cryptocurrency at Mar-a-Lago that promised the President’s attendance.
AWS Aims to Boost AI Business With Cerebras Chip Deal
Amazon Web Services, facing intensifying competition from AI rivals, strikes a deal with one of the tech industry's highest-profile chip startups.
Amazon Prime Video Raises Prices on Ad-Free Tier
The streamer can use the increase to juice revenue in its two-year-old ad business
Ex-Uber CEO Kalanick Plots Self-Driving Car Firm with Uber Funding
Kalanick is also talking about potentially acquiring a self-driving tech startup run by Anthony Levandowski, Uber's former self-driving car chief.
Elon Musk Says xAI ‘Was Not Built Right’ is ‘Being Rebuilt’
Musk also said that xAI is contacting people it had previously rejected from jobs.
Meta Said to Push Back Launch of Avocado Model
Meta’s new foundational model, Avocado, has come up short of competitors' AI models, prompting the company to delay its release, The New York Times reported.
BuzzFeed is Considering Strategic Options
BuzzFeed has a significant amount of debt due within the next year and not much cash.
Adobe CEO to Step Down After 18 Years, Company Searching for Successor
Adobe CEO Shantanu Narayen, who led the company's transition to selling cloud applications more than a decade ago, is moving on.
SoftBank-Backed Payment App PayPay Rises in U.S. IPO
The deal comes as Softbank is looking to finance its big bets in artificial intelligence.
Another xAI Co-Founder Leaves
xAI may have just three of its dozen co-founders including Musk still working at the firm.
Microsoft Windows and Office Chief Rajesh Jha to Retire, Names Successors
Jha will be replaced by four of his deputies, all of whom will report directly to CEO Satya Nadella.
Salesforce Raises $25 Billion in Bonds for Buyback
A $25 billion buyback will shrink Salesforce's outstanding share count by about 13%.
Cursor Said to be Raising at $50 Billion Valuation
A valuation at that level would be a show of faith in the startup, which has grown revenue quickly but faces rising competition from Anthropic and OpenAI.
Anthropic in Talks With PE Firms to Form AI Venture
The proposed joint venture would use a Palantir-like model to sell consulting services that would help companies integrate Anthropic’s AI into their businesses.
Atlassian Lays Off 10% of Staff, CEO Plans More Investment in AI
Atlassian, whose shares have been hard-hit in the SaaSpocalpyse, says it is cutting jobs in order to invest more in AI and in sales.
Weekday mornings
The Information AM by The Information Staff
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