Amazon Reaches $2.5 Billion Settlement In FTC Consumer Protection Lawsuit
Amazon will have to make it easier to cancel Prime subscriptions and offer refunds to consumers.
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xAI Sues OpenAI For Allegedly Stealing Trade Secrets
The lawsuit, filed late Wednesday, alleges that OpenAI poached eight xAI employees as part of a “deliberate scheme” to steal confidential information.
Oracle Raises $18 Billion in Upsized Debt Offering
Oracle had more than $150 billion in current and long-term liabilities at the end of August, according to securities filings.
Intel Said to Seek Investment From Apple
A potential deal could follow Nvidia and Softbank's investment, as part of the struggling chipmaker’s efforts to shore up its business.
Google Judge Raises Future of Open Web As She Weighs Ad Tech Divestiture
The future of independent web sites is increasingly in the spotlight, as many complain that traffic from Google search has declined.
Alibaba Shares Surge after Slew of AI Related Announcements
The Chinese tech giant announced a trillion-parameter model and inclusion of Nvidia’s software stack in its cloud platform.
Data Center Site Developer Fermi Targets $13 billion Valuation in IPO
A $13 billion valuation would be a rich price tag for a site developer with Fermi’s limited track record.
Exclusive: DataBank Gets Moody’s Rating in $1.1 Billion Data Center Deal
The financing is more evidence that major credit rating agencies are getting comfortable evaluating data center deals.
Cloudflare Sets Up a Fight Over Google’s AI Overviews Access
Cloudflare announced a new feature it said will enable website owners to block AI Overviews without having to opt out of being included in Google search.
Nvidia In Talks to Lease Chips to OpenAI as Startup’s Server Spending Plan Rises to $1 Trillion
OpenAI's deals imply it aims to spend around $1 trillion to fund its AI ambitions over the next decade.
Tether CEO Says It’s Evaluating Fundraising
The stablecoin giant is in early talks to raise up to $20 billion, implying valuation of up to $500 billion, Bloomberg reported.
Microsoft in Talks to Pay Publishers for Content Used by AI Chatbots
The move would theoretically give publishers a way to continually make money from chatbots that surface information from their content.
Stripe to Buy Back Shares at $107 Billion Valuation
Stripe is in talks to buy back shares from investors at a price that values the payments company at $106.7 billion.
OpenAI, Oracle, SoftBank plan five new U.S. data center sites
The announcement comes a day after OpenAI CEO Sam Altman and Nvidia CEO Jensen Huang announced that the chip designer would invest up to $100 billion in OpenAI.
YouTube to Reallow Accounts Banned Over Covid-19, Election Integrity Violations
A lawyer representing Alphabet also said that the Biden Administration had “press[ed] the Company to remove non-violative content” related to the Covid-19 pandemic.
Altman Says Data Center Project Will Produce ‘Gigawatt of New AI Infrastructure Every Week’
Altman said that OpenAI would be disclosing later this year "interesting new ideas" it has about financing its AI infrastructure ambitions.
Nvidia Could Get 2% Stake in OpenAI From $10 Billion Investment
The chipmaker said it would invest up to $100 billion in OpenAI
Coinbase Wants to be ‘Super App’ and Replaces Banks: CEO
Brian Armstrong’s comments come as bank lobbying groups clash with crypto groups.
Arguments Begin for Remedies in Google’s Advertising Technology Anti-Trust Case
The Department of Justice is arguing for a Google break up
Nvidia Will Invest Up to $100 Billion in OpenAI For New Data Centers
The unprecedented agreement, while devoid of details, answers a looming question about how OpenAI would pay for its soaring server costs.
Weekday mornings
The Information AM by The Information Staff
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