The Information

U.S. Energy Secretary Chris Wright and U.S. Commerce Secretary Howard Lutnick take a photo with workers and local leaders at the Portsmouth Site in Piketon, Ohio, that SB Energy is developing.

SB Energy Considers Waiting Until December or Later for an IPO

By Phoebe Liu and Valida Pau · Oct 22, 2026 10:51am PDT

SB Energy, the SoftBank Group–controlled developer of a massive planned Ohio data center project for OpenAI, is considering going public in December or possibly waiting until next year, according to people familiar with the discussions. That is a later timeline than previously expected. The data center developer was aiming to go public as... SB Energy, the SoftBank Group–controlled developer of a massive planned Ohio data center...

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Datadog Offered $4 Billion to Buy Cloud Security Startup ‘Upwind’

By Aaron Holmes and Valida Pau · Oct 22, 2026 10:27am PDT

Enterprise software firm Datadog recently offered to buy Israeli cloud cybersecurity startup Upwind Security for nearly $4 billion, according to someone with direct knowledge of the talks, the latest sign of white-hot interest in such firms. Upwind has fielded other takeover attempts from multiple bidders in recent months but hasn’t accepted any... Enterprise software firm Datadog recently offered to buy Israeli cloud cybersecurity startup...

Andreessen Horowitz's San Francisco office. Photo via Getty

Andreessen Horowitz to Drop ‘Crypto’ From Name of Flagship Blockchain Fund

By Leo Schwartz · Oct 22, 2026 4:00am PDT

Andreessen Horowitz, which made one of the boldest bets on blockchain investments in the venture world, is dropping the term crypto from the name of its fund focused on the category. A16z crypto, which has raised nearly $10 billion across five funds, has informed some of its limited partners that it plans to change its name to a16z frontier and... Andreessen Horowitz, which made one of the boldest bets on blockchain investments in the venture...

Art by Mike Sullivan

Hackers Used Claude and Grok to Automate Attacks on Banks

By Aaron Holmes and Cory Weinberg · Oct 21, 2026 6:00am PDT

Art by Mike Sullivan

Hackers Used Claude and Grok to Automate Attacks on Banks

By Aaron Holmes and Cory Weinberg · Oct 21, 2026 6:00am PDT

A hacking group called CyberCartel used a web of AI agents powered by models from companies including Anthropic, SpaceX and Chinese lab Moonshot AI to automate cyberattacks against more than 400 Latin American financial targets, according to an investigation by the cybersecurity startup Straiker. The research, shared exclusively with The... A hacking group called CyberCartel used a web of AI agents powered by models from companies...

Firmus Technologies co-founder, Oliver Curtis. Dominic Lorrimer/Fairfax Media via Getty Images.

Nvidia Moves to Back GPU Cloud Provider Firmus After Investors Balk at Its IPO

By Phoebe Liu · Oct 20, 2026 4:40pm PDT · 1 comment

Nvidia is in talks to invest hundreds of millions of dollars in Australian AI cloud provider Firmus, which abruptly pulled its initial public offering early this month, according to people familiar with the talks. The discussion indicates that Nvidia is likely to continue backing a group of unproven firms known as neoclouds that is... Nvidia is in talks to invest hundreds of millions of dollars in Australian AI cloud provider...

An Xbox controller. Krisztian Bocsi/Bloomberg via Getty Images.

Private Equity Firms Weighed $100 Billion-Plus Buyout of Microsoft’s Xbox

By Valida Pau and Aaron Holmes · Oct 20, 2026 4:07pm PDT · 1 comment

A group of private equity firms in recent months considered a potential buyout of Microsoft’s Xbox gaming unit that could have valued it between $100 billion and $150 billion, according to people familiar with the discussions. The short-lived discussions by the private firms were exploratory and didn’t turn into a negotiation with Microsoft, the... A group of private equity firms in recent months considered a potential buyout of Microsoft’s...

CoreWeave CEO Mike Intrator. (Art: Clark Miller; photo: Getty Images)

How CoreWeave’s Debt Binge Brought a Moment of Reckoning

By Dakin Campbell · Oct 20, 2026 6:35am PDT · 1 comment

In early 2023, Blackstone CEO Steve Schwarzman gathered with Jas Khaira, the company’s lead AI investor, and other top executives at the finance giant’s Park Avenue headquarters in Manhattan for a debate: Should they give billions of dollars to a little-known data center developer—CoreWeave—that they had turned down just a few months... In early 2023, Blackstone CEO Steve Schwarzman gathered with Jas Khaira, the company’s lead AI...

OpenAI CEO Sam Altman. Photo by Heather Diehl/Getty Images

Altman Describes Three Endgames for AI, Including One Where a Single Firm ‘Melts Everyone Else’s GPUs’

By Stephanie Palazzolo and Amir Efrati · Oct 19, 2026 4:47pm PDT · 1 comment

OpenAI CEO Sam Altman. Photo by Heather Diehl/Getty Images

Altman Describes Three Endgames for AI, Including One Where a Single Firm ‘Melts Everyone Else’s GPUs’

By Stephanie Palazzolo and Amir Efrati · Oct 19, 2026 4:47pm PDT · 1 comment

OpenAI CEO Sam Altman last week told employees about three proposals the industry has discussed for how to safely develop AI, a stark framing that comes just as the Trump administration sets up its first system for policing “superintelligence” developers like OpenAI. One path involved developing an international organization, similar to the... OpenAI CEO Sam Altman last week told employees about three proposals the industry has discussed...

Liang Wenfeng, founder and CEO of DeepSeek. Photo by AP

How DeepSeek Is Shaping Huawei’s AI Chips in a Growing Challenge to Nvidia

By Qianer Liu and Juro Osawa · Oct 19, 2026 9:00am PDT

DeepSeek is working closely with Huawei Technologies to shape the design of future AI chips, two people familiar with the matter said, in a collaboration that could help China build frontier AI models without Nvidia’s technology. The relationship goes beyond the kinds of conversations companies have with chip suppliers about their semiconductor... DeepSeek is working closely with Huawei Technologies to shape the design of future AI chips, two...

Photo by Chris Goodney/Getty Images

Pentagon’s Emil Michael Vows Export Controls if AI Labs Don’t Cooperate With Government

By Leo Schwartz and Amir Efrati · Oct 19, 2026 6:00am PDT · 1 comment

Emil Michael, a senior Department of Defense official and member of President Trump’s “super intelligence” task force, vowed in an interview to use a range of executive tools including export controls to check the behavior of AI companies if they don’t cooperate with the government, while comparing frontier labs calling for more regulation to... Emil Michael, a senior Department of Defense official and member of President Trump’s “super...

A rendering of DayOne's offices in Singapore. Image courtesy of DayOne

Singapore’s DayOne Pushes Ahead With Data Center IPO Tied to TikTok

By Claudia Chong and Juro Osawa · Oct 16, 2026 9:00am PDT

DayOne Data Centers, a Singapore-based data center operator gearing up for a multibillion-dollar initial public offering in New York, is little known to most U.S. investors. But its business is built on a much better known company: ByteDance. The TikTok parent company accounts for nearly 70% of DayOne’s revenue, according to two people with... DayOne Data Centers, a Singapore-based data center operator gearing up for a multibillion-dollar...

Art by Mike Sullivan

Apple’s Antitrust Settlement Talks Spur Worries Among Developers

By Aaron Tilley · Oct 16, 2026 6:00am PDT · 1 comment

Art by Mike Sullivan

Apple’s Antitrust Settlement Talks Spur Worries Among Developers

By Aaron Tilley · Oct 16, 2026 6:00am PDT · 1 comment

As the U.S. Department of Justice negotiates a settlement of its antitrust lawsuit against Apple, app developers are fretting that any deal won’t go far enough in curbing what they see as Apple’s anticompetitive behavior, according to people familiar with the talks. Several developers, including PayPal and Epic Games, have discussed their... As the U.S. Department of Justice negotiates a settlement of its antitrust lawsuit against Apple,...

Art by Clark Miller; Nano Banana

Cursor Staff Investigated Whether Confidential Data Reached SpaceX for AI Training

By Grace Kay · Oct 15, 2026 6:00am PDT

In the weeks before SpaceX’s AI unit in August introduced Grok Bot, its version of a personal AI agent, engineers at Cursor discovered a potential problem. Cursor, the AI coding startup SpaceX was then in the process of acquiring, was developing Grok Bot, and as part of that process, employees across Cursor were using the tool extensively for... In the weeks before SpaceX’s AI unit in August introduced Grok Bot, its version of a personal AI...

Art by Clark Miller

OpenAI Eyes Acquisition That Could Boost Cybersecurity Business

By Valida Pau and Amir Efrati · Oct 13, 2026 3:07pm PDT · 1 comment

OpenAI, which is trying to develop a substantial cybersecurity business, is in early talks to buy Trail of Bits, a firm that finds and fixes vulnerabilities in open-source software, according to people familiar with the matter. The size of the potential deal couldn’t be learned. OpenAI has sometimes paid in the low hundreds of millions of... OpenAI, which is trying to develop a substantial cybersecurity business, is in early talks to buy...

Microsoft CEO Satya Nadella, right, with Nvidia CEO Jensen Huang last week. Photo via Getty

Microsoft Cloud President Asks Leaders to Find 20% Cost Cuts

By Kevin McLaughlin and Aaron Holmes · Oct 13, 2026 2:42pm PDT · 1 comment

Microsoft has discussed making significant cost reductions in its Azure cloud-server-rental unit, according to a person with direct knowledge of the situation. Girish Bablani, president of Azure, in recent weeks told senior leaders in his group, which has about 11,500 employees, to come up with ideas to reduce costs at least 20%, though it isn’t... Microsoft has discussed making significant cost reductions in its Azure cloud-server-rental unit,...

Art by Mike Sullivan

OpenAI Scrambles to Fix Safety Issues Before Shipping Its Next Flagship Model

By Stephanie Palazzolo, Aaron Holmes and Amir Efrati · Oct 13, 2026 12:51pm PDT

Art by Mike Sullivan

OpenAI Scrambles to Fix Safety Issues Before Shipping Its Next Flagship Model

By Stephanie Palazzolo, Aaron Holmes and Amir Efrati · Oct 13, 2026 12:51pm PDT

OpenAI is grappling with fallout from its use of a controversial innovation in AI design as it works to get its next unreleased model to a place where leaders believe they can safely release it. The model design, known as loop transformers or recurrent depth, can make it harder to monitor the way the AI “thinks,” or how it reasons and processes... OpenAI is grappling with fallout from its use of a controversial innovation in AI design as it...

From left, Michael Kratsios, Howard Lutnick, Donald Trump and Susie Wiles. Photos via Getty Images; art by Mike Sullivan

Trump Administration Plans to Move AI Testing Agency Officials to White House

By Leo Schwartz · Oct 12, 2026 11:36am PDT

The small agency within the Commerce Department tasked with testing new AI models appears to be getting a refresh. In September, the Trump administration began the process of restructuring the Center for Advancing Innovation and Standards for Super Intelligence so that three of its senior officials report directly to the White House, according... The small agency within the Commerce Department tasked with testing new AI models appears to be...

Art by Mike Sullivan

Andreessen Horowitz, General Catalyst Race to Secure the Chips Their Startups Need

By Julia Hornstein, Dakin Campbell and Phoebe Liu · Oct 12, 2026 10:42am PDT

As startups scramble to get access to AI servers, more venture capital firms are finding ways to secure compute on their behalf. Andreessen Horowitz, which two years ago set up a cluster of 20,000 graphics processing units for its startups, is in talks to expand its offering, potentially via two data center companies it has backed, according to... As startups scramble to get access to AI servers, more venture capital firms are finding ways to...

Charles Lamanna. Screenshot via YouTube/ Microsoft Developer; art by Mike Sullivan

How Microsoft’s New Office Chief Fixed Copilot and Won Over Nadella

By Aaron Holmes · Oct 12, 2026 6:01am PDT · 1 comment

In the summer of 2025, Microsoft was fielding customer complaints that its AI assistant, Copilot, was buggy and not good enough at automating work in Excel or PowerPoint. In response, Charles Lamanna, then a Microsoft president and rising star within the giant firm, went to CEO Satya Nadella with a bold proposal: Microsoft needed to consider... In the summer of 2025, Microsoft was fielding customer complaints that its AI assistant, Copilot,...

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Nvidia to Invest in Chip Rival d-Matrix as Its Challengers Choose Partnership

By Phoebe Liu and Valida Pau · Oct 8, 2026 4:24pm PDT

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Nvidia to Invest in Chip Rival d-Matrix as Its Challengers Choose Partnership

By Phoebe Liu and Valida Pau · Oct 8, 2026 4:24pm PDT

Nvidia plans to invest in d-Matrix, a seven-year-old developer of server chips for AI that aims to compete with Nvidia, according to three people with knowledge of the deal. The planned investment is part of Nvidia’s effort to make its technology compatible with rival chip designers and bring them into its dominant hardware ecosystem, even as it... Nvidia plans to invest in d-Matrix, a seven-year-old developer of server chips for AI that aims...