The Information

OpenEvidence Co-Founder Daniel Nadler. Photo by Getty.

‘ChatGPT for Doctors’ Mulls New Financing at $20 Billion Valuation

By Stephanie Palazzolo and Valida Pau · Jul 17, 2026 3:27pm PDT · 1 comment

OpenEvidence, the fast-growing startup that helps doctors find medical information through an AI chatbot, has considered raising $200 million after receiving offers from investors at a valuation of around $20 billion, according to a person involved in the discussions. The company is unlikely to proceed, in part because a round would dilute... OpenEvidence, the fast-growing startup that helps doctors find medical information through an AI...

Alex Atallah, CEO of OpenRouter. Screenshot via YouTube

Startup OpenRouter Fields Multibillion-Dollar Takeover Interest

By Stephanie Palazzolo, Kevin McLaughlin and Valida Pau · Jul 17, 2026 12:28pm PDT

OpenRouter, which helps app developers access hundreds of AI models, has discussed a potential sale to a bigger tech company that could value the startup at billions of dollars, a steep premium to its $1.3 billion valuation, people familiar with the matter said. The discussions reflect a swell of interest this year in technology that makes it... OpenRouter, which helps app developers access hundreds of AI models, has discussed a potential...

CEO of Valar Atomics, Isaiah Taylor. Photo by Getty Images.

Nuclear Startup Valar Atomics in Talks for $6 Billion Valuation After Power Milestone

By Julia Hornstein and Jemima McEvoy · Jul 16, 2026 5:18pm PDT

Valar Atomics, a three-year-old startup that makes small nuclear reactors intended to power data centers and other industrial facilities, is in talks to raise $1 billion at around a $5 billion valuation before the investment, according to a person with knowledge of the deal. Sequoia Capital, which hasn’t previously disclosed an... Valar Atomics, a three-year-old startup that makes small nuclear reactors intended to power data...

Dario Amodei, CEO of Anthropic. Photo by Getty Images.

Anthropic in Talks to Add Billions to Bank Credit Line Ahead of IPO

By Valida Pau · Jul 15, 2026 4:06pm PDT · 2 comments

Dario Amodei, CEO of Anthropic. Photo by Getty Images.

Anthropic in Talks to Add Billions to Bank Credit Line Ahead of IPO

By Valida Pau · Jul 15, 2026 4:06pm PDT · 2 comments

Anthropic is in talks with banks to arrange credit lines worth a few billions of dollars in a move that would increase its access to cash ahead of a planned initial public offering this year, according to people familiar with the matter. The new loans would build on the $2.5 billion, five-year revolving credit facility Anthropic received... Anthropic is in talks with banks to arrange credit lines worth a few billions of dollars in a...

Art by Mike Sullivan

Microsoft’s New Security Chief Replaces Top Execs to Force an AI Overhaul

By Aaron Holmes and Kevin McLaughlin · Jul 15, 2026 11:34am PDT · 2 comments

Microsoft, the largest cybersecurity software seller in the world, is overhauling that business to cash in on corporate anxieties about AI-powered hacks. Hayete Gallot, who took over Microsoft’s security business in February, has directed more teams to develop AI security products such as those that find bugs in IT systems. At the same time, she... Microsoft, the largest cybersecurity software seller in the world, is overhauling that business...

Christophe Fouquet, CEO of ASML, left, and Roger Dassen, CFO of ASML. Photo by Lina Selg/ Getty Images

ASML Plans Price Increases for Chipmaking Equipment, Despite TSMC Resistance

By Qianer Liu · Jul 15, 2026 8:34am PDT

Chip toolmaker ASML, which makes equipment that plays a central role in chip production around the world, plans to raise prices, according to four people with knowledge of the discussions. That’s likely to bring ASML into conflict with Taiwan Semiconductor Manufacturing Co., the world’s biggest chipmaker and ASML’s largest customer, which ... Chip toolmaker ASML, which makes equipment that plays a central role in chip production around...

Art by Mike Sullivan

Apple Hunts for AI Chip Acquisitions

By Aaron Tilley and Valida Pau · Jul 15, 2026 7:30am PDT

Apple is on the lookout for acquisitions of chip companies to boost its efforts to build server chips for running AI, said people familiar with the company’s efforts. In recent months, the iPhone maker has talked with bankers about possible deals. It has also approached semiconductor startups to gauge their interest in selling themselves, the... Apple is on the lookout for acquisitions of chip companies to boost its efforts to build server...

Michael Truell, CEO of Cursor. Photo by Big Event Media/Getty Images.

Cursor Is Reinventing Itself as SpaceX Deal Looms

By Grace Kay · Jul 15, 2026 6:00am PDT · 1 comment

Michael Truell, CEO of Cursor. Photo by Big Event Media/Getty Images.

Cursor Is Reinventing Itself as SpaceX Deal Looms

By Grace Kay · Jul 15, 2026 6:00am PDT · 1 comment

Cursor, the coding startup set to be acquired by SpaceX for $60 billion later this year, has been mapping out a major transformation. Michael Truell, Cursor’s CEO, told staff in a companywide meeting in May that the company aims to become a top-tier AI model developer, according to three people who heard the comments, a shift from its roots of... Cursor, the coding startup set to be acquired by SpaceX for $60 billion later this year, has been...

Photo by Matthias Balk/Getty Images.

DeepSeek’s Annualized Revenue Nears $500 Million, Boosting Fundraise and IPO Plans

By Jing Yang, Qianer Liu and Juro Osawa · Jul 14, 2026 10:10pm PDT

Strong revenue growth at DeepSeek is empowering the Chinese open-source AI star to raise its second-funding round of 50 billion yuan ($7.4 billion) and plot a potential public offering in Shanghai next year, according to three people with knowledge of the matter. The three-year-old startup’s annualized revenue reached between $400 million and... Strong revenue growth at DeepSeek is empowering the Chinese open-source AI star to raise its...

Art by Mike Sullivan

AWS Is Overloaded. These Cloud Startups Are Picking Up the Slack.

By Catherine Perloff · Jul 14, 2026 1:19pm PDT

Arcee, an open-source AI developer, in 2024 committed to spend $8 million over three years with Amazon Web Services to store data and run AI models. But the startup hasn’t been able to get access to enough Nvidia-powered servers on AWS to handle its work. So Arcee has ended up running most of its models on cloud upstarts including Hugging Face,... Arcee, an open-source AI developer, in 2024 committed to spend $8 million over three years with...

Art by Mike Sullivan.

Susquehanna, an Early Backer of ByteDance, Is Stepping Back From China Venture Deals

By Juro Osawa and Jing Yang · Jul 10, 2026 6:00am PDT

U.S. investment firm Susquehanna International Group, one of ByteDance’s biggest shareholders, is winding down its China-based venture investment team, another sign of the challenges facing U.S. venture investors operating in China. SIG China’s managing director, Tim Gong, who ran the team, is expected to leave the firm, according to four people... U.S. investment firm Susquehanna International Group, one of ByteDance’s biggest shareholders, is...

Michael McNamara, CEO of Lancium. Photo by Jeenah Moon/ Getty Images

Power Developer Behind OpenAI’s Stargate Data Center Is In Talks to Sell Stake

By Valida Pau and Ann Davis Vaughan · Jul 9, 2026 3:00pm PDT

Michael McNamara, CEO of Lancium. Photo by Jeenah Moon/ Getty Images

Power Developer Behind OpenAI’s Stargate Data Center Is In Talks to Sell Stake

By Valida Pau and Ann Davis Vaughan · Jul 9, 2026 3:00pm PDT

Lancium, a power infrastructure developer behind OpenAI and Oracle’s data center campus in Texas, is in talks with major tech companies to sell a minority stake, according to people familiar with the matter. Blackstone-backed Lancium’s portfolio of gigawatt-scale Texas campuses has drawn interest from several tech companies, including Nvidia,... Lancium, a power infrastructure developer behind OpenAI and Oracle’s data center campus in Texas,...

Art by Mike Sullivan.

Cursor Is Developing an AI Agent to Compete With Claude Cowork

By Grace Kay · Jul 9, 2026 12:57pm PDT

Cursor is developing a general-purpose AI agent meant to compete with popular tools like Anthropic’s Claude Cowork, two people familiar with the project said, part of a broader push by the company to diversify beyond coding-focused tools. Work on the new agent began after Cursor started leasing compute capacity in April from SpaceX’s AI unit,... Cursor is developing a general-purpose AI agent meant to compete with popular tools like...

Art by Clark Miller

Khosla-Backed Startup Claims Breakthrough With Largest-Ever AI Model on an iPhone

By Aaron Tilley · Jul 9, 2026 6:00am PDT · 3 comments

Apple is on a quest to shrink powerful AI models to run on iPhones, which could cut down on cloud computing costs and enhance user privacy. But a small startup that emerged from stealth mode earlier this year says it recently got an AI model running on an iPhone bigger than any previous mobile model. The startup, PrismML, said it has shrunk down... Apple is on a quest to shrink powerful AI models to run on iPhones, which could cut down on cloud...

Marc Lore, founder and CEO of Wonder. Getty Images.

Marc Lore’s Wonder Ties $9 Billion-Valuation Fundraise to Future IPO

By Julia Hornstein and Cory Weinberg · Jul 8, 2026 6:08pm PDT · 1 comment

Wonder, the owner of GrubHub and Blue Apron, is lining up hundreds of millions of dollars, at a valuation of $9 billion, in what could be its last round before going public. To seal the deal, founder Marc Lore has been offering investors sweeteners—and putting his own money in the pot. The company has arranged to give investors in the... Wonder, the owner of GrubHub and Blue Apron, is lining up hundreds of millions of dollars, at a...

Art by Mike Sullivan

Binance to Cooperate Less on Crypto Cases, Justice Department Warns Staff in Memo

By Leo Schwartz · Jul 8, 2026 9:33am PDT

Art by Mike Sullivan

Binance to Cooperate Less on Crypto Cases, Justice Department Warns Staff in Memo

By Leo Schwartz · Jul 8, 2026 9:33am PDT

In early June, the U.S. Department of Justice sent a memo to its attorneys working on digital currency cases with a warning: They should expect less cooperation from the world’s largest crypto exchange, Binance, on future cases. The email came from Rachel Jones, the Justice Department’s digital currency counsel, and cc’d top attorneys such as... In early June, the U.S. Department of Justice sent a memo to its attorneys working on digital...

Photo by Andrew Sozinov/Shutterstock

China Plans to Let Top AI Firms Buy Limited Amount of Nvidia H200 Chips

By Qianer Liu · Jul 8, 2026 7:54am PDT

China plans to allow some of the country’s biggest AI companies to buy a small number of Nvidia’s H200 chips, according to two people with direct knowledge of the matter. The chip purchase approvals would offset a shortage caused by soaring demand for AI chips. U.S. President Donald Trump gave Nvidia permission in December to ship H200 chips to... China plans to allow some of the country’s biggest AI companies to buy a small number of Nvidia’s...

Jay Janner/The Austin American-Statesman via Getty Images.

Tesla’s Robotaxi Push Tests New Blueprint for Scaling Fast

By Grace Kay · Jul 8, 2026 6:00am PDT

Before Tesla launched its Robotaxi service in Austin, Texas, last summer, it recruited hundreds of workers to test and monitor the system. When it expanded the service to Miami this past weekend, it relied on fewer drivers, according to three people with knowledge of the program. The Miami launch marked the first time Tesla has debuted the... Before Tesla launched its Robotaxi service in Austin, Texas, last summer, it recruited hundreds...

Nvidia CEO Jensen Huang. Photo by I-Hwa Cheng/Getty Images.

Nvidia’s New Hedge Against Chip Competitors? Partner with Them

By Phoebe Liu · Jul 7, 2026 5:49pm PDT · 1 comment

Nvidia has a plan to deal with the growing list of AI server chip competitors: partner with them. In the latest example, Nvidia and AI chip startup d-Matrix are combining their respective hardware in a new system to power AI models, the companies told The Information exclusively. Nvidia has a plan to deal with the growing list of AI server chip competitors: partner with them....

Art by Clark Miller

When Andreessen Horowitz Has a Sticky Situation to Solve, It Calls ‘The Wolf’

By Michael Roddan · Jul 7, 2026 9:00am PDT · 2 comments

Art by Clark Miller

When Andreessen Horowitz Has a Sticky Situation to Solve, It Calls ‘The Wolf’

By Michael Roddan · Jul 7, 2026 9:00am PDT · 2 comments

Editors’ Note: This article previously appeared with three AI-generated prompts—suggested questions to submit to Deep Research—that did not fairly reflect the content of the article or the substance of The Information’s reporting. One prompt incorrectly implied that Mark Dyne “allegedly orchestrated corporate espionage and evidence... Editors’ Note: This article previously appeared with three AI-generated prompts—suggested...