SpaceX to Lease Compute to Reflection for $150 Million Per Month
The deal begins on July 1 and runs through 2029 but can be canceled by either company with 90 days’ notice, similarly to SpaceX's deals with Anthropic and Google.
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Recent Editions
Meta Announces New WhatsApp Leader
Meta is investing $900 million into Indian fintech startup Cred, while appointing its founder to lead WhatsApp.
Uber to Back Lime’s IPO
The ride hailing giant will be named as an anchor investor in IPO paperwork Lime expects to file Monday.
Nobel Laureate John Jumper Departs Google DeepMind for Anthropic
The move highlights a deepening AI talent drain at Google.
Amazon MGM Studio Drops Altman Movie
Amazon's decision comes a few months after the tech giant invested in OpenAI and struck a deal allowing Amazon to offer Open AI-powered cloud products.
Manus’ Revenue Soars as Original Investors Move to Reverse Meta Deal
The sharp increase in Manus's annualized revenue run rate comes as Chinese investors are in talks to buy back Manus shares from Meta.
Accenture Stock Falls 18% as Lower Revenue Projection Feeds AI Fears
Shares hit their lowest level since 2017.
Penske Media Acquires Vox Media Titles
Penske would create a new subsidiary called PMX which will combine its existing publishing portfolio, such as Billboard, Variety and Rolling Stone, with the Vox brands.
Sen. Bernie Sanders Releases Proposal for AI-funded Sovereign Wealth Fund
Sanders previously met with OpenAI CEO Sam Altman about the idea.
Midjourney Announces Full-Body Scanner, Plans to Launch Spa
Founder David Holz said he eventually hopes to have thousands of spas across the country.
Apple to Raise Prices with Memory, Storage Shortages
The AI boom had supplanted Apple in the global tech supply chain
AWS Introduces New Cybersecurity, Coding Tools at NY Summit
AWS products use AI to solve new challenges from AI
Video App Rumble Buys GPU Provider Northern Data
Next up: finding financing to buy more advanced GPUs.
Microsoft Mulls Using DeepSeek for Copilot Cowork
DeepSeek’s V4 could provide enterprise customers with a cheaper option for powering Microsoft’s AI tool.
Snap Unveils $2,195 AR Glasses
The company hopes the device can compete with other glasses from Meta Platforms and Google.
Robinhood to Cut 10% of Staff
CEO Vlad Tenev said the company’s financial position is strong but needs to be “lean.”
Pentagon Says It Used xAI’s Grok in Iran War as DoJ Fights Data Center Lawsuit
A Grok model is part of a system that "enabled U.S. forces to deploy over 2,000 munitions to 2,000 distinct targets within 96 hours," A Pentagon official said.
Index Startup Ornn Launches Anthropic, OpenAI Token Benchmarks
The announcement comes as the industry searches for more ways to track AI costs.
SpaceX finalizes $60 billion deal to acquire Cursor
The announcement came as SpaceX stock has soared 43% since its IPO.
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