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.
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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.
DOJ Files Criminal Fraud Charges Against Startup Founder Following The Information’s Investigation
Federal investigations of IRL were sparked by a series of investigative articles by The Information.
Nvidia Quietly Agrees to Pay $1.5 Billion to Rent its Own AI Chips From Lambda
The move is part of a broad cloud strategy by Nvidia to safeguard its dominance.
Crypto Treasury Stocks Drop As Nasdaq Steps Up Scrutiny
Nasdaq is requiring some companies to gain shareholder approval before issuing new shares to buy crypto, The Information reported.
Broadcom Projects AI Chip Sales Growth Accelerating to 66%
The artificial intelligence boom continues for CEO Hock Tan's wildly profitable firm.
Tech Leaders Appear alongside Melania Trump at AI Education Event
The president is also due to host a dinner Thursday with a group of Silicon Valley executives.
Elon Musk’s X Money Loses Executives Amid Regulatory Problems
Adding payments to X was a major part of Musk’s vision to turn the service, formerly known as Twitter, into a WeChat-like “Everything App” after he bought it in 2022.
JetBlue Will Be First Airline to Use Amazon’s Project Kuiper Satellite Internet
The deal also stokes competition with Elon Musk’s Starlink, which has a deal with United.
Atlassian Buys the Browser Co for $610 Million in Cash
The acquisition comes amid growing interest in browsers as a conduit for new AI chatbots to reach consumers.
Sierra in Talks to Raise $350 Million at $10 Billion Valuation
The financing would more than double its last valuation.
OpenAI Increases Employee Share Sale to $10.3 Billion
Some current and former employees can sell up to $30 million
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