CEO of Top-Funded AI Database Startup Pinecone Steps Down
The change comes after Pinecone leaders have held talks with investment bankers in recent months about potentially finding a buyer for the startup.
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Recent Editions
Data Center Site Developer Fermi Files for Initial Public Offering
The potential listing is a rare example of a company focusing on the power needs of artificial-intelligence data centers entering the public markets.
Microsoft Signs Major GPU Deal With Nebius
Nebius now plans to use the Microsoft contract to raise debt at better terms.
Murdoch Family Settles Bitter Dispute Over Control
Lachlan Murdoch will emerge with control but will carry a heavy debt load as the price of buying out some of his siblings.
Databricks Reports $4 Billion in Annualized Sales, Rising 50% Year Over Year
Databricks is now valued at more than $100 billion after a new funding round, and the company is sharing new details about sales of its AI products.
Amazon Backs Latin American Delivery Firm Rappi
The deal marks the latest warrant deal for the e-commerce giant.
SpaceX to Buy EchoStar Spectrum for $17 Billion
SpaceX's complaints to the FCC that EchoStar wasn't properly utilizing its spectrum led to an FCC investigation, which led to today's deal.
Amazon Ads Exec Departs After Less than 18 Months
Krishan Bhatia was involved in bringing ads to Amazon Prime Video, growing advertising technology
StubHub Sets IPO Pricing Range at $9 Billion Valuation
The valuation is well below the $16 billion number the company had hoped for when it was first planning its IPO last year.
ASML Invests $1.5 Billion in Mistral
The move is surprising, given the companies' businesses don't come close to intersecting with one another.
OpenAI Says It Will Burn $115 Billion Through 2029
The revised projection boost cash burn $80 billion over the next five years, compared to earlier projections.
Attorneys General Reprimand OpenAI for Child Safety
They said they are considering the recent deaths as part of their investigation of OpenAI’s planned restructuring.
Anthropic to Pay $1.5 Billion in Author Copyright Settlement
Anthropic will have to pay about $3,000 for each of the 500,000 books in the class action lawsuit.
European Commission Warns It May Mandate Google Ad Tech Break Up
European Commission fines Google $3.5 billion
Meta Plans to Spend $600 Billion Through 2028 in the U.S., Zuckerberg Says
In July, Meta estimated its capital expenditures in 2025 would be between $66 billion and $72 billion, up at least 68% from its capital expenditures in 2024.
Tesla Proposes Elon Musk Pay Package Worth Up to $1 Trillion
Among the most ambitious milestones is having Tesla reach $400 billion in EBITDA.
OpenAI Announces Jobs Platform and AI Certification Program
OpenAI says it’s working with Walmart, John Deere and Boston Consulting Group
Anthropic to Stop Selling AI Services to Chinese-Owned Groups
The decision’s impact on Anthropic’s global revenues would be in the low hundreds of millions of dollars.
Broadcom’s New $10 Billion Customer Said to Be OpenAI
OpenAI CEO Sam Altman has long sought to develop a chip his firm could use to reduce its reliance on Nvidia.
Stripe and Paradigm Launch Blockchain for Stablecoins
OpenAI, Anthropic, Visa are among initial partners for the new blockchain.
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