The Information

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Meta Memo Outlines Ambitious Hardware Plans, Including New AI Pendant

By Jyoti Mann · May 29, 2026 4:38pm PDT

Meta Platforms plans to start testing an AI pendant in the next year as part of an ambitious roadmap for wearable devices aimed at reversing the huge losses in its hardware division. An internal memo describing the roadmap, reviewed by The Information, also lays out plans to significantly expand its selection of AI glasses and to add a... Meta Platforms plans to start testing an AI pendant in the next year as part of an ambitious...

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China’s ByteDance Developing New AI Chips Like Those from Nvidia Partner Groq

By Qianer Liu and Juro Osawa · May 29, 2026 6:00am PDT · 1 comment

TikTok owner ByteDance is developing a new chip to run artificial intelligence models as part of an aggressive expansion of its homegrown AI infrastructure. The new AI chip is intended to have a structure similar to U.S. chip designer Groq’s language processing units, which are built to run AI models at low cost, according to three people with... TikTok owner ByteDance is developing a new chip to run artificial intelligence models as part of...

Zach Dell, CEO of Base Power. Screenshot via YouTube.

Base Power in Talks to Raise Funds at $12 Billion Valuation

By Leo Schwartz, Anissa Gardizy and Julia Hornstein · May 28, 2026 6:39pm PDT

Base Power, a three-year-old home-battery startup, is in talks to raise funds at a $12 billion valuation, according to a person with knowledge of the discussions. Ribbit Capital, which backed Base Power’s last funding round, has been in talks to lead the current round, according to two people with knowledge of the talks. Founded by Venezuelan... Base Power, a three-year-old home-battery startup, is in talks to raise funds at a $12 billion...

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Apple to Renew Push for AI That Runs on Devices, Instead of the Cloud

By Aaron Tilley · May 28, 2026 6:00am PDT · 2 comments

Art by Mike Sullivan

Apple to Renew Push for AI That Runs on Devices, Instead of the Cloud

By Aaron Tilley · May 28, 2026 6:00am PDT · 2 comments

At Apple’s annual developer conference next month, the star of the show will be a series of long-delayed artificial intelligence upgrades to the iPhone. But the company is also expected to emphasize what could be an underrated asset in its efforts to catch up in AI: Its ability to run AI models on the billions of Apple devices in circulation. ... At Apple’s annual developer conference next month, the star of the show will be a series of...

Venture capitalist Ethan Choi.

Khosla Partner Ethan Choi Raising $500 Million Fund

By Katie Roof · May 27, 2026 3:29pm PDT

Khosla Ventures partner Ethan Choi, who focused on investing in mature startups such as Vercel, has left the early-stage firm and is launching a new venture firm. The firm, called Atomus, is in the process of raising a new venture fund of at least $500 million, according to a person familiar with Choi’s plans. About half of the fund has already... Khosla Ventures partner Ethan Choi, who focused on investing in mature startups such as Vercel,...

Naomi Gleit, Meta’s head of product. Henrique Casinhas/Getty Images.

Internal Memo Reveals Meta’s Plan to Kickstart Its Enterprise AI Business

By Jyoti Mann · May 27, 2026 3:09pm PDT · 2 comments

Meta Platforms plans to place engineers and product managers inside large corporate customers as part of a new unit at the social-media giant to push businesses to use its AI tools and services. In an internal memo, senior executive Naomi Gleit said the new organization, called Enterprise Solutions, will be made up of product managers who... Meta Platforms plans to place engineers and product managers inside large corporate...

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Polymarket Wants Traders to ID Themselves as It Faces Sanctions, Legal Risks

By Michael Roddan · May 27, 2026 6:00am PDT · 2 comments

In Russia, making bets on Polymarket isn’t permitted by the popular online prediction market’s rules. But that hasn’t stopped Ruslan Kashaev, a software developer who lives in the small Russian city of Ufa, a 15-hour drive from Moscow, from turning the site into a lucrative source of income. Using automated trading bots hosted on the Telegram... In Russia, making bets on Polymarket isn’t permitted by the popular online prediction market’s...

Tuhin Srivastava, CEO of Baseten. Photo via Getty Images

AI Inference Provider Baseten in Talks to Raise $1 Billion at $11 Billion Valuation

By Stephanie Palazzolo and Katie Roof · May 26, 2026 3:09pm PDT

Tuhin Srivastava, CEO of Baseten. Photo via Getty Images

AI Inference Provider Baseten in Talks to Raise $1 Billion at $11 Billion Valuation

By Stephanie Palazzolo and Katie Roof · May 26, 2026 3:09pm PDT

AI startup Baseten has recently been in talks with investors to raise $1 billion at an $11 billion valuation including the money, according to a person with knowledge of the fundraise. That would more than double the company’s $5 billion valuation from its last round, which was announced just three months ago. The fundraising comes on the back... AI startup Baseten has recently been in talks with investors to raise $1 billion at an $11...

Art by Mike Sullivan.

OpenAI Targets Smaller Advertisers With New ChatGPT Ads

By Ann Gehan · May 26, 2026 6:01am PDT · 3 comments

When OpenAI first launched ChatGPT ads earlier this year, it lined up well-known brands with big advertising budgets, like Adobe, Ford and Target. Now it’s expanding its advertising business with offerings that cater more to marketers at far smaller companies, putting it directly into competition with ad giant Meta Platforms. OpenAI executives... When OpenAI first launched ChatGPT ads earlier this year, it lined up well-known brands with big...

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Chinese EV Battery Giant CATL Plans to Invest in DeepSeek

By Juro Osawa and Qianer Liu · May 22, 2026 4:56am PDT

Chinese battery giant Contemporary Amperex Technology, better known as CATL, is planning to invest in Chinese AI developer DeepSeek’s fundraising, according to two people with direct knowledge of the matter. CATL’s planned investment comes as it is aggressively stepping up its efforts to sell power equipment to AI data centers. DeepSeek’s... Chinese battery giant Contemporary Amperex Technology, better known as CATL, is planning to...

OpenAI CEO, Sam Altman. Anna Moneymaker/Getty Images.

OpenAI Generated Nearly $6 Billion in Revenue in First Quarter, Boosted by Codex

By Sri Muppidi · May 21, 2026 11:26am PDT · 6 comments

OpenAI generated about $5.7 billion in revenue in the first quarter, nearly $1 billion more than archrival Anthropic generated in the same period, according to two people with knowledge of the financials. OpenAI’s coding agent Codex, along with growth from selling to businesses and testing ads on ChatGPT, helped drive first-quarter growth,... OpenAI generated about $5.7 billion in revenue in the first quarter, nearly $1 billion more than...

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Anthropic Is in Talks to Use Microsoft’s AI Chips

By Aaron Holmes and Qianer Liu · May 21, 2026 6:00am PDT · 1 comment

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Anthropic Is in Talks to Use Microsoft’s AI Chips

By Aaron Holmes and Qianer Liu · May 21, 2026 6:00am PDT · 1 comment

Anthropic is in talks to rent servers powered by Microsoft-designed AI server chips as it seeks more computing power to meet rising demand for its AI, according to two people who spoke to executives involved in the discussion. Winning Anthropic as a customer would be a coup for Microsoft, whose in-house chip design effort ran into delays last... Anthropic is in talks to rent servers powered by Microsoft-designed AI server chips as it seeks...

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White House Briefs AI Companies on Plan to Review Models Before Release

By Leo Schwartz and Stephanie Palazzolo · May 20, 2026 12:06pm PDT · 2 comments

The White House’s Office of the National Cyber Director hosted a briefing Tuesday for companies including OpenAI, Anthropic and Reflection AI on a planned executive order on AI that will empower intelligence and other government agencies to review advanced models before the models are released, according to people familiar with the matter. ... The White House’s Office of the National Cyber Director hosted a briefing Tuesday for companies...

As Anthropic Costs Mount, Businesses Pressure Software Firms to Shorten Contracts

By Laura Bratton · May 20, 2026 9:00am PDT · 3 comments

Businesses are spending more on Anthropic and other AI providers, and the additional budget has to come from somewhere. One natural target for cuts is other software. While businesses aren’t abandoning their enterprise applications outright, they’re putting themselves in a better position to do so if AI makes traditional apps less important. For... Businesses are spending more on Anthropic and other AI providers, and the additional budget has...

5 Charts That Make Sense of SpaceX’s IPO Numbers

By Cory Weinberg and Valida Pau · May 19, 2026 2:08pm PDT · 1 comment

SpaceX’s initial public offering prospectus will read like a kaleidoscope when it’s unveiled publicly in the coming days. There will be a dazzling mixture of storylines and figures that show huge financial losses, exciting promises, impressive growth and unmet expectations. Information in the prospectus will help investors knit together parts of... SpaceX’s initial public offering prospectus will read like a kaleidoscope when it’s unveiled...

SpaceX IPO Could Return More Than $60 Billion Each for Founders Fund, Valor

By Katie Roof · May 19, 2026 10:59am PDT

SpaceX IPO Could Return More Than $60 Billion Each for Founders Fund, Valor

By Katie Roof · May 19, 2026 10:59am PDT

SpaceX’s initial public offering, expected to be the largest in history, is also set to yield the largest venture returns ever at the time of the IPO. Among those set to win big are Founders Fund, Valor Equity Partners and Sequoia Capital. Valor Equity Partners, whose founder Antonio Gracias is on the SpaceX board and has backed several of Musk’... SpaceX’s initial public offering, expected to be the largest in history, is also set to yield the...

Analog Devices CEO Vincent Roche. Photo by Getty.

Analog Devices in Talks to Buy AI Power Chip Startup for $1.5 Billion

By Valida Pau and Cory Weinberg · May 18, 2026 6:22pm PDT

Chipmaker Analog Devices is in advanced talks to buy startup Empower Semiconductor for about $1.5 billion, in a deal that reflects demand for technology that can manage the intense energy needs of AI chips, according to people familiar with the discussion. The acquisition of the 12-year-old startup would expand Analog Devices’ portfolio of chips... Chipmaker Analog Devices is in advanced talks to buy startup Empower Semiconductor for about $1.5...

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Microsoft Executives Sound the Alarm Over GitHub’s Eroding AI Lead

By Aaron Holmes · May 18, 2026 6:00am PDT

No part of Microsoft better illustrates its predicament in AI than GitHub. The AI boom has boosted usage and revenue of the code repository as well as GitHub Copilot, an AI coding assistant. But GitHub has struggled to respond to new AI coding competitors that have since overtaken it. And the service has suffered from frequent and major outages,... No part of Microsoft better illustrates its predicament in AI than GitHub. The AI boom has...

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BlackRock Weighs Multibillion-Dollar Investment in SpaceX IPO

By Cory Weinberg · May 16, 2026 9:00am PDT · 1 comment

BlackRock has discussed investing $5 billion to $10 billion in SpaceX’s initial public offering next month, people familiar with the matter said. The massive order, for an offering that could raise as much as $75 billion, would represent a vote of confidence in Elon Musk’s company from the world’s largest asset manager. The investment would... BlackRock has discussed investing $5 billion to $10 billion in SpaceX’s initial public offering...

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The SpaceXAI Exodus: More Than 50 Recent Exits as Meta, Thinking Machines Hire Staff

By Theo Wayt · May 14, 2026 11:06am PDT

Art by Mike Sullivan.

The SpaceXAI Exodus: More Than 50 Recent Exits as Meta, Thinking Machines Hire Staff

By Theo Wayt · May 14, 2026 11:06am PDT

Call it the SpaceXAI exodus. More than 50 researchers and engineers working on xAI’s Grok models have left the AI lab since SpaceX acquired it in February, through layoffs, firings and voluntary departures, according to several people with knowledge of the moves. These departures come on top of the exits of all of xAI’s co-founders besides Elon... Call it the SpaceXAI exodus. More than 50 researchers and engineers working on xAI’s Grok models...