Cursor Said to be Raising at $50 Billion Valuation
A valuation at that level would be a show of faith in the startup, which has grown revenue quickly but faces rising competition from Anthropic and OpenAI.
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Recent Editions
Anthropic in Talks With PE Firms to Form AI Venture
The proposed joint venture would use a Palantir-like model to sell consulting services that would help companies integrate Anthropic’s AI into their businesses.
Atlassian Lays Off 10% of Staff, CEO Plans More Investment in AI
Atlassian, whose shares have been hard-hit in the SaaSpocalpyse, says it is cutting jobs in order to invest more in AI and in sales.
Zendesk Acquiring AI Customer Service Startup Forethought
Zendesk's acquisition shows how larger companies are upgrading their products with AI that lets them carry out multi-step tasks without human intervention.
Google Completes Wiz Acquisition
The deal, Google’s largest-ever acquisition, was announced almost a year ago.
FCC Chair Blasts Amazon Over Petition Against SpaceX Data Center Plan
While it’s common practice in the satellite industry for companies to file petitions urging the FCC to rule against their competitors, it’s unusual for the agency’s leader to respond so quickly and publicly.
Tesla and xAI to Work Together on AI, Elon Musk Says
The move, which comes after turnover at xAI, is the latest shift in Musk’s plan to build AI designed to replace white collar workers.
Shopify CFO: Agentic Commerce Is Still ‘Very, Very Early’
Shopify has partnered closely with OpenAI on AI commerce features but will not add a ChatGPT app after OpenAI’s shopping shift.
AI Cloud Company Nebius Gets $2 Billion Nvidia Investment
Nvidia invested $17.5 billion in private companies and infrastructure funds in its most recent fiscal year.
Uber to Offer Zoox Self-Driving Taxi to Riders
It’s the first ride-hailing partnership for the Amazon-owned robotaxi company
Quince Confirms New Funding Valuing Company Over $10 Billion
The online retailer announced $500 million in new funding on Wednesday.
Amazon Confirms $37 Billion Bond Sale
Amazon is lifting its capital expenditures by 50% this year and is also investing up to $50 billion in OpenAI.
China’s Cybersecurity Agency Issues Security Warning About OpenClaw
OpenClaw has become wildly popular in China, as local tech giants and startups rushed to launch new products and services using the AI agent builder.
Tencent Joins China’s AI Agent Race With ‘Top-Secret’ WeChat Project
A new WeChat agent could enable Tencent to leapfrog rivals like Alibaba and ByteDance in China’s domestic AI race.
General Catalyst Raising $10 Billion; SpaceX Backer Glade Brook Closes $1 Billion
The capital raises are defying a downturn in VC fundraising.
Sequoia Partner, Ex-Meta Executive Raising Over $1 Billion for New Venture
Ravi Gupta and John Hegeman co-founded Ithaca Holdings to buy company
Microsoft Backs Anthropic’s Lawsuit Against Pentagon
AI researchers from Google and OpenAI have also filed a similar brief backing Anthropic’s position.
Oracle Cloud-Server Revenue Rises 84%, Boosting Shares 8%
Even with the bump following the Tuesday earnings report, Oracle shares are down 50% since September of last year.
Salesforce Plans to Issue Up to $25 billion in Bonds to Fund Stock Buyback
Salesforce announced a $50 billion stock buyback in late February.
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