Norway’s Sovereign Wealth Fund to Vote Against’s Elon Musk’s Tesla Pay Package
Norges Bank owns a 1.1% stake in Tesla valued at about $17 billion, making it the company’s seventh-largest shareholder.
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Uber Reports Accelerating Growth, Led by Delivery Business
Uber's CEO says markets where Uber offers Waymo rides are growing faster than other U.S. markets.
Cipher Mining Inks Multi-Billion Deal to Provide AI Data Centers to AWS
Cipher Mining is gaining momentum in its pivot from bitcoing mining to AI data centers, as evidenced by a new 15-year leasing agreement with Amazon's cloud unit,
Palantir Reports Booming U.S. Commercial Sales
Palantir’s sales to U.S. businesses hit $397 million in the third quarter, exceeding Wall Street’s expectations and growing 121% compared to the previous year.
French Regulators Threaten to Ban Shein
The fast-fashion giant has attracted scrutiny from E.U. and U.S. regulators over its regulation of products sold on its site.
White House Officials Advised Trump Against Raising AI Chip Exports With China
Nvidia Chief Executive Jensen Huang has been lobbying Trump on access to the Chinese market.
Deel Hires New CFO, Replacing CEO’s Dad
Global payroll startup Deel has hired a new chief financial officer.
Microsoft to Spend Over $10 Billion to Rent Cloud Servers From Smaller Firms
The moves come as Microsoft races to add more computing capacity to run artificial intelligence for itself and its customers.
Elon Musk Shares New Targets for Tesla Robotaxi Deployments
Musk said Tesla expects to deploy at least 1,000 Robotaxi vehicles in the San Francisco Bay Area, but it doesn't have regulatory approval to offer autonomous rides there.
OpenAI, AWS Sign $38 Billion Cloud Deal
The deal is OpenAI’s first with AWS as the startup moves quickly to rent servers equipped with Nvidia chips from a wide range of cloud providers.
Exclusive: Kalshi Hires Ex-Uber Executive Tejwani as First CFO
The prediction market would consider an IPO after hitting $5 billion valuation.
OpenAI’s Revenue Could Reach $100 Billion in 2027, Altman Suggests
The company previously forecast reaching that milestone in 2028.
Google Pulls AI Model Following Defamation Accusations
Senator Marsha Blackburn sent a letter accusing Gemma of fabricating rape allegations against her.
White House Says China Will Drop Antitrust Probes Into U.S. Chip Companies
In recent months, China has opened antitrust investigations into both Qualcomm and Nvidia, among other companies, in what were seen as a move by China to increase pressure on the U.S. over trade.
Netflix Reportedly Explores a Bid for WBD’s Streaming and Studio Businesses
WBD last week said it had initiated a strategic review, weighing whether to sell, either in part or whole.
Tether Launches Share Buyback as Profit Tops $10 Billion
The largest stablecoin issuer has been raising funding to expand business lines.
Elon Musk Says Tesla Might Unveil A Flying Car This Year
Musk has previously teased a flying version of Tesla's Roadster.
Elon Musk’s SpaceX to Receive $2 Billion for Trump’s ‘Golden Dome’ Project
Trump wants the system to be capable of intercepting missiles fired at the U.S. from anywhere in the world.
Nvidia to Supply Samsung With 50,000 GPUs
The deal, worth potentially hundreds of millions of dollars, was announced during Nvidia CEO Jensen Huang's trip to South Korea this week.
Globalstar Has Discussed a Potential Sale with SpaceX, Others
A deal with SpaceX would further consolidate the company’s power in satellite-based internet services.
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.
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