Amazon Completes Additional $35 Billion Investment in OpenAI
Amazon had said initially it would make the additional investment when OpenAI went public or achieved "specified milestones."
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Elon Musk dismisses report Tesla considered selling Chinese business
The report said Tesla executives have been told to prepare for a separation of the company’s business in China ahead of a potential merger with SpaceX.
China’s MiniMax Launches New Open-Source AI Video Model
MiniMax is open-sourcing its flagship video model in a challenge to ByteDance, Google and Kuaishou’s Kling.
Elon Musk Denies Report on Tesla’s Potential Sale of China Business
The Wall Street Journal reported that Tesla was weighing a sale of its China business to pave the way for a merger with SpaceX.
Anthropic Says Its Models Also Hacked Outside Sites During Testing
Discovery follows OpenAI's announcement of a similar episode that has fueled AI security fears.
AI Cloud Provider Nscale to Buy Software Startup Anyscale for $1.6 billion
Nscale is preparing for an IPO as soon as this fall.
Apple Expects Supply Constraints to Hit Hard in Current Quarter
With the rise of AI, Apple is struggling with chip manufacturing constraints
Coinbase Revenue Fell 19%, Renews Circle Partnership
Shares of the crypto platform fell 5.6% post-market.
AWS Revenue Growth Accelerates Sharply to 37% in Q2
Amazon's overall business grew by 20%, though it said it would grow by 9% to 12% next quarter
Amazon’s Zoox Wins Federal Approval to Charge for Rides
Amazon has been offering rides in its autonomous taxicab for free in San Francisco and Las Vegas
OpenAI Slashes Prices on Some of Its Newest Models
Move comes as AI companies contend with customer complaints about surging bills
Exclusive: AWS Taps Apple Executive to Lead Key AI Products
AgentCore, an AWS service for building and running AI agents that Amazon CEO Andy Jassy mentioned in his annual letter to shareholders, is getting a new leader.
Leopold Aschenbrenner’s Hedge Fund Sells Public Equity Bets to Citadel
The $20 billion hedge fund started by former OpenAI employee Leopold Aschenbrenner sold much of its public equity bets to Citadel after suffering steep losses.
U.S. Senators Press Apple Not to Buy Chinese Memory Chips
The debate over whether Apple should buy Chinese memory chips comes amid a global memory chip shortage due to AI demand.
OpenAI CFO Says Revenue Growth Accelerated in July
Increase comes from more use of Codex and ChatGPT Work, among other factors
AWS AI Product VP Gets Expanded Role as Strategic Advisor
AWS CEO appoints Swami Sivasubramanian, a 20-year Amazon veteran who leads its agentic AI products, to lend his experience to other internal teams.
Robinhood 2Q Prediction Market Revenue Surpassed Crypto
Prediction market revenue surged 10 times to $156 million, while crypto revenue fell 38%.
Meta Shares Fall as Profits Drop
Shares fell after the company reported weaker second-quarter earnings, with higher spending and legal costs weighing on profits.
Microsoft’s AI Sales Didn’t Boost Overall Growth But the Company Says It Won’t Burn Cash
Paid Copilot AI seats rose quickly, though.
Exclusive: Thinking Machines Cofounder to Return to OpenAI
Lilian Weng will be working on using AI models to develop new models, otherwise known as recursive self-improvement research.
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