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,
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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.
Oracle Shares Fall After a Data Center Financier Decides Not to Fund its Michigan Facility
Blue Owl’s decision could spark concern across the industry that some large-scale projects might struggle to get financial backing.
Coursera to Buy Udemy for $950 Million in Stock
The combination will give the companies more scale to compete as AI threatens their businesses.
WBD Rejects Paramount’s Offer
Warner Bros Discovery questions the details of Larry Ellison's promised $41 billion equity backstop for the Paramount offer.
Tesla to Face 30-Day California Sales Suspension Unless it Changes Marketing
A California administrative law judge said Tuesday that the way Tesla markets its driver assistance software products misleads consumers about their capabilities.
Tencent Names Former OpenAI Researcher Chief AI Scientist
Yao Shunyu is overseeing Tencent’s model development as well as AI infrastructure.
Manus AI Agent Reaches $125 Million Annual Run Rate
The Benchmark-backed startup is still figuring out how to generate enough revenue to build a sustainable business model.
Waymo Discusses Raising Billions at More Than $100 Billion Valuation
The new money would help fund an expansion into several more cities next year.
Amazon in Talks to Make $10 Billion OpenAI Investment
AWS would not be able to sell OpenAI models directly to its cloud customers, however.
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.
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