US Clarifies AI Chip Export Loophole
The Commerce Department is making clear that Chinese companies cannot use overseas subsidiaries to sidestep US limits on advanced AI chips.
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Recent Editions
Anthropic Cuts List of Firms Unauthorized for Trading in Its Shares
Company’s early guidance in May prompted complaints.
Softbank to Invest Up To 75 Billion Euros on AI Data Centers in France
Plan to build and operate 5 gigawatts of capacity is the company’s largest AI infrastructure investment in Europe.
SpaceX Is Awarded $4 billion Contract with U.S. Space Force
Deal highlights importance of government business for Elon Musk’s rocket company.
Meta Plans an AI Pendant as Part of Ambitious Wearables Expansion
Facebook parent aims to drive AI use and stem huge losses in its hardware division.
Kalshi, Coinbase Approved to Offer Crypto Perpetuals in U.S.
U.S. regulator gave blessing to perpetuals, a highly-leveraged crypto product popular outside the U.S., for the first time.
Blue Origin New Glenn Rocket Explodes During Test
The incident could delay the company’s participation in the Artemis moon missions.
Dell Shares Rise Nearly 40% After Surge in AI Server Sales
The PC and server maker is continuing to benefit as more of its customers build AI applications, but component shortages are becoming an issue.
Illinois Legislature Passes Landmark AI Safety Bill
Illinois joins California and New York on AI regulation as federal government lags behind
Anthropic Releases New Flagship AI Model
Claude Opus 4.8 will cost the same as the prior flagship model, Opus 4.7.
Anthropic Raises $65 Billion at $900 Billion Valuation; Micron, Samsung Invest
The maker of Claude Code has passed $47 billion in annualized revenue.
SpaceX Committed to Six Month Anthropic Data Center Lease, Musk Says
The comment provides more detail than language in SpaceX’s recent public S-1 filing.
Meta Launches Paid AI Chatbot Subscriptions
The company is rolling out tiered paid subscriptions for its AI chatbot across Facebook, Instagram, and WhatsApp.
Google Employee Charged For Alleged Polymarket Bets
Federal prosecutors charged a Google employee with using confidential information to win $1.2 million betting on Polymarket.
Snowflake Shares Jump 35% as AI Product Adoption Grows
Investors seem to believe that Snowflake is well-positioned to ride out the SaaSpocalypse and become the go-to provider for customers to build AI applications.
Snowflake Inks $6 Billion Deal with AWS Tied to Graviton Chips
CPUs like Graviton are becoming increasingly important for AI workloads
Salesforce Stock Dips as Software Firm Lowers Cash Flow Forecast
Salesforce said its lower projection for operating cash flow growth was due to its recent $25 billion debt issuance.
Crypto-Friendly United Texas Bank Switches Regulator to OCC
The bank, which has become a key bank for overseas crypto exchanges, says it successfully converted its charter despite being under a consent order.
Coding Startup Cognition Raises $1 Billion at a $26 Billion Valuation
General Catalyst, Lux Capital and 8VC co-led the round, with participation from Atreides Management, Founders Fund and Ribbit Capital, the company said.
OpenAI Foundation to Spend $250 Million on AI Economic Impact
The company’s charitable arm was separated from OpenAI’s for-profit business last fall as part of a restructuring.
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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