Ilya Sutskever’s Startup in Talks to Raise Financing at $30 Billion Valuation
The new round would extend a string of high-valuation capital raises from AI startups founded by OpenAI alumni.
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South Korea Suspends Downloads of DeepSeek AI App
The temporary halt due to privacy concerns comes after a surge in the Chinese app’s popularity around the world.
Tencent Starts Integrating DeepSeek’s Model Into WeChat in China
DeepSeek’s model is used to power WeChat’s search service alongside Tencent’s own models.
Chinese President Xi Jinping Meets Tech Leaders
The rare gathering between the Chinese leader and the country’s top tech executives sends a strong message of support of the private sector.
Meta’s Kaplan to Rely on Trump to Fight European Regulations
Kaplan's comments are the latest sign that U.S. tech firms will seek the support of the Trump administration in fighting European regulations.
EssilorLuxottica Plans Meta Ray-Ban Manufacturing Rampup
EssilorLuxottica's signal coincides with Meta Platforms' increased investment in smart glasses.
Broadcom Joins TSMC In Considering Deals For Parts of Intel
TSMC is reportedly looking at Intel's chip factories while Broadcom is looking at Intel's chip design and marketing businesses.
Uber Sues DoorDash Over Restaurant Delivery Practices
Uber alleges DoorDash’s practice of penalizing vendors if they use both apps is anticompetitive.
XAI in Talks for Financing at $75 Billion Valuation
Sequoia Capital, Andreessen Horowitz and Valor Equity Partners are in discussions to back Musk's company.
OpenAI Board Rejects Musk Takeover Bid
In a statement, OpenAI’s board described the bid as Musk’s “latest attempt to disrupt his competition,” a reference to Musk’s rival AI developer, xAI.
Nasdaq Urges SEC to Create Level Playing Field for Crypto Venues
SEC’s new task force met with Nasdaq, a16z, and other industry participants.
Trump Officials Ask TSMC to Weigh Taking a Stake in Intel’s Chip Factories
Intel’s factories are bleeding cash and the company has said it intended to spin out the business as an independent subsidiary.
Musk Looks for Another Data Center for xAI, Nears $5 Billion Chip Deal With Dell
The move comes as xAI nears a deal with Dell Technologies, a server maker, to buy $5 billion worth of chip servers housing the newest chips from Nvidia, Bloomberg reported on Friday.
Meta Hires Former CEOs of Cruise, RealReal to Boost Hardware Efforts
The hires come as Meta cuts staff and restructures teams across the business.
Car-Sharing Service Getaround Closes U.S. Operations
The Softbank-backed company said it would focus on Europe
Airbnb Revenue, Bookings Accelerate
The rental company warned foreign exchange rates would hurt the daily rate hosts charge for rentals.
Google, Apple Restore TikTok to App Store
Google and Apple have brought TikTok back to their app stores nearly a month after removing it following a congressional ban
Coinbase Revenue, Profit Surge After U.S. Election Rally
Retail trading volume still lagged prior peak level in fourth quarter 2021.
Arm to Launch Its Server Chip With Meta Platforms This Year
Arm's entry to first-party server chips could put it into competition with some of its biggest customers, and a potential SoftBank acquisition looms large.
SAP to Resell Databricks Software in New Joint Offering
Databricks said it is projecting to bring in $1 billion of new revenue from the partnership in the next five years.
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