China Considers Approving Yuan-Backed Stablecoins
China is mulling allowing yuan-backed stablecoins to promote the use of currency globally.
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Recent Editions
AI Agent Manus Achieves $90 Million Annualized Run Rate
AI agent startups are grappling with high costs due to their dependence on AI models from Anthropic and others.
Data Center Developer Plans $25 Billion AI Facility Near OpenAI Site
It is not clear whether OpenAI is massively expanding in the area or whether its flagship site now has a rival next door.
Tether Hires Ex-White House Crypto Adviser Bo Hines
Bo Hines will coordinate Tether’s U.S. strategy and expansion.
Eight Sleep Raises $100 Million in New Funding
The new funding will allow the company to pursue AI-powered enhancements to its products, as well as expand internationally and pursue FDA approval for certain features.
Deel Cinches Victory in a Rippling-linked Lawsuit
A judge in Florida on Monday dismissed a case that was filed earlier this year against Deel.
Databricks is Raising Funding at $100 Billion-Plus Valuation
Eight months after raising a $10 billion round at a $62 valuation, Databricks is once again raising funding to fuel its AI business.
OpenAI Launches Cheaper Subscription Tier for Indian Users
Growth in India is essential for OpenAI to achieve its goal of 1 billion daily active users by year’s end.
SoftBank to Buy $2 Billion of Intel Shares
SoftBank has become one of the largest funders of AI chips and data centers in the U.S.
Google Increases Stake in Data Center Provider TeraWulf
TeraWulf’s stock rose 12% on Monday after rising 60% last week on the earlier deal.
Trump Administration in Talks to Take 10% Stake in Intel
The potential deal could involve converting up to $10.9 billion grants that Intel would receive in the Chips and Science Act grants into equity.
BNY, Goldman Eye Managing Reserves for Stablecoin Issuers
The companies are each seeking SEC approval to launch stablecoin reserve funds.
MSNBC to Rebrand as ‘MS NOW’ Following NBCU Spinoff
The left-leaning cable news channel will become "MS NOW," which stands for "My Source News Opinion World."
Thoma Bravo In Talks to Take HR Software Firm Dayforce Private
The software-focused buyout firm has been on an acquisition spree amid wider consolidation in the software sector.
Europe Trade Deal Statement Stalled Over EU’s Desire to Regulate Tech
The EU wants to keep its Digital Services Act intact.
Activist Starboard Value Ups Stake in Salesforce by Nearly 50%
Three years after Starboard and other activist investors successfully pushed for changes at Salesforce, signs are pointing to a new campaign.
OpenAI Staffers Plot $6 Billion Share Sale at $500 Billion Valuation
Thrive Capital, SoftBank Group Corp, and Dragoneer Investment Group are expected to participate.
Vercel Lands Unsolicited Investment Offers at $9 Billion
The new funding could nearly triple Vercel’s $3 billion valuation from a financing about 15 months ago.
Lyft’s Cofounders Leave Board, Abandons Dual Class Share Structure
The cofounders had a voting stake of 30% despite owning just 2.3% of the stock between them.
Opendoor CEO Quits After Online Campaign Against Her
Wheeler's departure followed weeks of blistering criticism of her management online, led by investor Eric Jackson with support from Keith Rabois, a co-founder of Opendoor .
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