Kuaishou’s Kling AI Video Unit Reaches $500 Million in Annualized Revenue
Kuaishou is in talks to raise money for Kling, paving the way for the AI unit’s future listing.
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ByteDance Mulls $70 Billion Capex This Year as AI Costs Grow
The Chinese tech giant’s capex boost reflects the surging costs of compute in the AI industry worldwide.
Qualcomm Strikes AI Chip Deal With ByteDance
Landing a high-profile customer like ByteDance could help accelerate Qualcomm’s expansion into the AI computing market.
Micron Passes $1 Trillion as AI Memory Demand Sends Shares Soaring
SK Hynix, Micron’s South Korean competitor, also joined the $1 trillion club on Wednesday after its stock surged in Seoul.
Inference Provider Baseten in Talks to Double Valuation to $11 Billion
Startups that provide GPU servers and software customize models have seen a spike in demand.
ServiceNow CMO to Join OpenAI
Colin Fleming will assume the role of chief marketing officer for OpenAI's business segment.
Dropbox CEO to Step Down After 20 Year Stint
Dropbox founder and chief executive Drew Houston has had one of the longest running tenures at the helm of a tech company.
Ondo Finance Founder Nathan Allman, 32, Dies Unexpectedly
Ondo, a tokenization startup, said its president Ian De Bode will step in as CEO.
SpaceX’s Starlink Coming to Half of American Airlines Main Fleet
The deal will offer in-flight wifi on approximately 500 narrowbody Airbus planes, but does not include the American’s roughly 500 Boeing craft.
Pope Leo, Anthropic Co-Founder Warn of AI Power Concentration, Labor Displacement
Anthropic's influence seemed apparent.
Huawei Moves to Narrow Chip Gap With TSMC Despite U.S. Sanctions
Huawei says it has already built 381 chips on a new chip principle over the past six years, including products for smartphones and AI computing.
White House, Anthropic Near Deal For Spy Agencies to Use AI
Anthropic's leverage in Washington appears to be rising.
SpaceX Completes First Starship Test of 2026
While the launch had some hitches, SpaceX touted it as a success.
Congress Launches Insider Trading Probe Into Kalshi, Polymarket
A House Committee warned that lawmakers may take action against the prediction markets.
Microsoft Consumer CMO to Depart Next Year
Mehdi is the latest of many senior Microsoft executives to depart or announce plans to leave the company this year.
Meta Launches New App ‘Forum’
The company also released an app called Instants earlier this month as part of a broader effort to launch many new apps.
SpaceX Delays Key Starship Test After Pre-Launch Problems
CEO Elon Musk said SpaceX would launch the rocket tomorrow if it can fix the problem overnight.
Workday Stock Jumps 10% After Company Reveals AI Agent Gains
The number of customers using its AI agents roughly doubled in the April quarter to more than 4,000.
Exclusive: OpenAI’s Altman Talks to Staff About IPO Timing
OpenAI CEO Sam Altman suggested that even if the company makes a filing for a public offering, it may hold off on the actual listing.
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