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.
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Recent Editions
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.
Publishers Sue Cohere Over Copyright Infringement
The lawsuit comes a couple of days after Thomson Reuters won a copyright infringement lawsuit against AI firm Ross Intelligence.
Apple Continues to Work with Baidu on AI Features for iPhone in China
Apple is hedging its bets by working with different partners in China
Musk to Withdraw OpenAI Bid if Board Halts For-Profit Conversion
Musk’s $97.4 billion takeover bid came after his monthslong fight to block OpenAI’s proposed conversion.
Alibaba Chairman Confirms Apple Intelligence Partnership in China
Joe Tsai confirmed an earlier report by The Information that it’s working with Apple to release AI features for the iPhone in China
Self-Driving Truck Company Aurora to Start Reporting Revenue
The company, which went public via SPAC in 2021, is planning a commercial launch this April.
Reddit Posts 71% Growth in Revenue
Reddit stock dropped 15% in after hours trading, likely reflecting concerns about slowing user growth.
Trump Taps Andreessen Horowitz’s Brian Quintenz to Lead CFTC
If confirmed, Andreessen Horowitz's crypto policy head will return to the top derivatives regulator.
AppLovin Shares Jump 30% As Ad Revenue Surges
The mobile gaming giant is still in the early stages of signing up e-commerce sellers for its ad business.
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