Scale AI’s Bigger Rival in Talks to Sell $1 Billion in Shares at $15 Billion Valuation
Surge AI has not raised any external funding up until this point.
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Recent Editions
Cloudflare Lets Customers Block AI Content Scrapers by Default
The content delivery network operator and cybersecurity firm has a long history of taking bold stances on issues its customers are facing.
WBD’s Second Biggest Shareholder, the Newhouses, Sell Half Its Stake
WBD stock has been stagnant for three years, as the company has struggled with the impact of cordcutting on its TV business and competition in streaming.
Grammarly Acquires Email App Superhuman
The startup has been on an acquisition spree to expand its business beyond writing assistant software that checks grammar and syntax
Senate Votes to Remove AI Provision From Trump Tax Bill
Senators voted 99-1 in favor of removing the provision from Trump’s tax and spending bill.
Cato Networks Raises $359 million at $4.8 Billion Valuation
Israel-based Cato Networks raised $359 million in funding at a valuation of more than $4.8 billion as IPO plan stalled.
Elon Musk’s xAI Raises $10 Billion in Debt, Equity
The debt raise follows xAI's takeover of X, which had borrowed heavily to finance Musk's takeover of the social media site.
Judge Denies Apple Motion to Dismiss Antitrust Lawsuit
The judge found that the government's lawsuit had "sufficiently alleged indirect evidence" showing that Apple has monopoly power in the smartphone market.
Stablecoin Issuer Circle Applies for U.S. Bank Charter
Circle submitted the application in anticipation of proposed stablecoin legislation.
Apple May Partner With Anthropic or OpenAI to Boost AI Assistant Siri
Apple launched Siri in 2011, but it has fallen far behind the times
Microsoft’s Sales Chief to Take Leave of Absence Ahead of Layoffs
Microsoft often restructures its business at the start of its fiscal year, in July.
Meta Announces New Superintelligence Lab
The organization includes Meta’s existing AI teams, including its Fundamental AI Research lab, as well as a new lab working on the next generation of Meta's models.
Temu Resumes Meta, Google Ad Spending in U.S.
In April, Temu slashed virtually all of its digital ad spending in the country.
Oracle Strikes Big Cloud Deal That Could Double Cloud Revenue by 2028
Oracle stock jumped 5% on the news, as investors applaud the company's rapid growth in its small cloud unit.
OpenAI is Responding to Meta Poaching, Research Chief Tells Staff
The OpenAI executive said it feels "as if someone has broken into our home and stolen something" in response to the Meta poaching.
Trump Says He Has a ‘Buyer for TikTok'
Trump said the buyer was a "group of very wealthy people" and that China needed to approve the deal.
Musk Says Big Beautiful Bill is ‘Insane'
The bill not only reduces incentives for wind and solar projects, it raises taxes on those that come into production after 2027.
Hewlett Packard Enterprise and Juniper Resolve DOJ Lawsuit
The settlement should clear the way for completion of the $14 billion merger.
Tesla Car Drives Itself to New Owner
The autonomous delivery is a big step forward for Elon Musk's ambitions in self-driving cars.
Meta in Talks to Raise $29 Billion from Private Equity Firms
Apollo Global Management, KKR, Brookfield, Carlyle and Pimco are involved in the discussions.
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