OpenAI Recapitalizes as Public Benefit Corporation
The restructuring paves the way for the company to eventually go public
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BlackRock-Backed Securitize to Go Public at $1.25 Billion Valuation
Securitize will merge with Cantor Fitzgerald’s special purpose acquisition firm.
Livestream Shopping App Whatnot Boosts Valuation to $11.5 Billion
The company was previously valued at $5 billion in a January funding round.
Apple Supplier Skyworks Solutions to Buy Rival Qorvo for $10.6 Billion
Both companies are facing a slowdown in the smartphone sector and increased competition.
Microsoft Gets 27% Stake in OpenAI, Access to Models Through 2032
Microsoft will give up its right of first refusal over OpenAI’s compute contracts.
Amazon Announces Plans to Cut 14,000 Corporate Roles
The cuts continue a push by CEO Andy Jassy to reduce bureaucracy at the e-commerce giant.
Chinese EV Maker Seres Seeks $1.7 Billion in Hong Kong Listing
The listing comes amid Hong Kong’s market rally this year driven by a surge in EV makers and other tech stocks.
Education Tech Firm Chegg Lays Off 45% of Staff as AI Woes Continue
Chegg, which has become a kind of poster child for AI's ability to render some businesses redundant, is cutting staff after deciding against a sale.
Forge Global Said to Explore Sale
Its stock fell 90% since the company went public via a blank check merger in 2021.
Qualcomm Shares Soar On AI Chip Deal With Saudi Arabia
Qualcomm and Humain said they would build data centers containing the new chips starting next year.
Amazon Prepares To Cut As Many As 30,000 Corporate Jobs
The cuts would mark Amazon’s largest layoffs since late 2022.
China’s MiniMax Launches New Open-Source AI Model
The startup, last valued at $4 billion, is beefing up its model lineup as it prepares for a Hong Kong listing.
Andreessen Horowitz’s Midha Forms New Venture
Midha previously ran Andreessen’s effort to supply startups with access to Nvidia graphics processing units.
OpenAI Working on a Music Generating Tool
The AI startup has enlisted the help of Juilliard School to create training data for the effort.
SoftBank Board Approves Remainder of OpenAI Investment
The AI startup still needs to complete its conversion to a public benefit corporation to get SoftBank’s $22.5 billion investment.
Nvidia Rival SambaNova Considers a Sale
The AI chip maker struggled recently to complete a fundraising round.
Google Investigates Security Breach Related to Play Store
The incident involved a contractor in the Philippines, who was later fired.
Trump, Xi Jinping Could ‘Consummate’ TikTok Deal This Week, Treasury Secretary Says
The two leaders are set to meet Thursday in South Korea.
U.S. Regulator Asks Tesla for Info About New ‘Mad Max’ Driving Mode
Videos posted by drivers on social media purport to show the software driving well above speed limits, such as going 65 miles per hour in a 45 mile per hour zone.
JPMorgan Poaches BofA’s Veteran Tech Banker Kevin Brunner
It's the latest JPMorgan's hire from rivals to boost its technology banking practice.
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