Blockchain-Based Lender Figure Upsizes IPO to $693 Million
Figure and Gemini are two crypto companies gearing up for IPOs.
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The Information AM
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Recent Editions
Oracle Projects Huge Increase in Cloud Revenue Through 2030
The projection sent Oracle shares soaring 20% in after-hours trading.
Apple Announces Its Thinnest iPhone
The iPhone Air begins a period of more aggressive design changes
Microsoft to Pay for Anthropic Models to Power Office 365 Copilot
Microsoft found that Anthropic’s latest models performed better than OpenAI’s on tasks like generating more aesthetically pleasing PowerPoint presentations.
Nvidia Unveils First Chip For AI ‘Inference’
Firms including Cursor, Runway, Fireworks and Together plan to use the upcoming chip.
CoreWeave Starts Venture Arm Offering Funding, Computing Credits
CoreWeave’s approach is similar to how large cloud companies like Google and Microsoft have struck deals with AI developers Anthropic and OpenAI.
Snap CEO Spiegel Vows to Shake Up Company to Confront ‘Crucible Moment'
Spiegel says Snap is squeezed between tech giants and smaller competitors.
Oracle Discusses Skipping Cash Raises to Help Offset AI Data Center Spending
The potential change is the latest example of how Oracle and other firms that are spending big on artificial intelligence data centers are also tightening their belts.
CEO of Top-Funded AI Database Startup Pinecone Steps Down
The change comes after Pinecone leaders have held talks with investment bankers in recent months about potentially finding a buyer for the startup.
Data Center Site Developer Fermi Files for Initial Public Offering
The potential listing is a rare example of a company focusing on the power needs of artificial-intelligence data centers entering the public markets.
Microsoft Signs Major GPU Deal With Nebius
Nebius now plans to use the Microsoft contract to raise debt at better terms.
Murdoch Family Settles Bitter Dispute Over Control
Lachlan Murdoch will emerge with control but will carry a heavy debt load as the price of buying out some of his siblings.
Databricks Reports $4 Billion in Annualized Sales, Rising 50% Year Over Year
Databricks is now valued at more than $100 billion after a new funding round, and the company is sharing new details about sales of its AI products.
Amazon Backs Latin American Delivery Firm Rappi
The deal marks the latest warrant deal for the e-commerce giant.
SpaceX to Buy EchoStar Spectrum for $17 Billion
SpaceX's complaints to the FCC that EchoStar wasn't properly utilizing its spectrum led to an FCC investigation, which led to today's deal.
Amazon Ads Exec Departs After Less than 18 Months
Krishan Bhatia was involved in bringing ads to Amazon Prime Video, growing advertising technology
StubHub Sets IPO Pricing Range at $9 Billion Valuation
The valuation is well below the $16 billion number the company had hoped for when it was first planning its IPO last year.
ASML Invests $1.5 Billion in Mistral
The move is surprising, given the companies' businesses don't come close to intersecting with one another.
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.
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.
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