Palmer Luckey-Backed Erebor Bank Raises at Over $4 Billion Valuation
Erebor, a new crypto-friendly bank, is set to double its valuation.
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OpenAI Is Getting More Efficient at Running Its AI
The company benefited from a drop in computing costs.
Andreessen Horowitz, Sequoia Add to $1.2 Billion Funding Boom for Police Tech Startups
The companies make everything from Palantir-style software to surveillance drones.
Waymo Resumes San Francisco Service After City Outage
Videos showed Waymos stalled on the street during the outage.
Google Sues Startup That Scrapes Its Search Results
Google’s suit against SerpApi may signal that Google is willing to be more aggressive now that its search monopoly case has been resolved in court.
Elon Musk’s 2018 Tesla Pay Package Reinstated by Delaware Court
That means Musk will get options on about 304 million Tesla shares.
TikTok Tells U.S. Staff Compensation Structure Will Change Under Deal
Employees moved under the new joint venture will no longer receive ByteDance RSUs.
Neobank Mercury Applies for National Banking Charter
Mercury is the latest in a rush of banking fintech startups to take advantage of an easing in the regulatory environment
OpenAI on Track to Top $13 Billion in Revenue
The growth comes as the ChatGPT maker discussings raising as much as $100 billion in a new funding round,
ByteDance Signs Deal to Create U.S. TikTok Venture
MGX, Oracle and Silver Lake will each own 15% of the new company, as part of a broader consortium holding a 50% stake.
Meta Plans ‘Mango’ Video and Image AI Model for 2026
The company is also working on a text model code-named Avocado.
Exclusive: Figure CEO Brett Adcock Launches New AI Lab With $100 Million in Funding
The lab is part of a broader trend of neolabs aiming to exploit new approaches to developing AI models they say major developers like OpenAI and Anthropic have overlooked.
Thinking Machines To Release Models in 2026
Thinking Machines was recently in discussions to raise between $4 billion and $5 billion in new funding at a valuation of at least $50 billion.
China Builds Prototype of EUV Machine Used in Chip Manufacturing
As the U.S. has blocked China’s access to key chipmaking equipment, Beijing is ramping up its effort to develop its own machines.
YouTube Will Broadcast the Oscars Starting in 2029
The deal, which will end ABC’s 50-plus year run broadcasting the Oscars, highlights the growing strength of the streaming platform.
Coinbase Launches Prediction Markets, Stocks Trading
The crypto platform is expanding beyond crypto in its bid to become an “everything exchange.”
Salesforce Acquires AI Marketing Startup Qualified
The deal will give Salesforce access to Piper, an AI marketing agent that greets website visitors and gauges their interest in becoming customers.
Micron Shares Surge After Company Beat Revenue, Gross Margin Projections
The company is projecting faster top line growth and higher margins amid ballooning demand for its memory chips from AI firms.
Amazon Replaces Leader of AI Organization with AWS Exec
The company is also broadening its division focused on creating foundational models to also include efforts other efforts, like computing
Anthropic Taps Bitcoin Miner With Trump Family Ties For Data Centers
Hut 8 is one of several publicly-traded bitcoin miners trying to pivot to building AI data centers.
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