Binance

The Information’s in-depth reporting about Binance.
Follow this topic to get the latest updates from The Information reporters and subscribers.

Recent Articles about Binance
Palantir CEO Alex Karp. Photo by Michael M. Santiago/Getty Images
Applied AI

Palantir CEO Pounces On Anthropic Spending Backlash

By Laura Bratton · Jun 9, 2026 10:35am PDT
Software companies and their shareholders have watched the recent growth of Anthropic and OpenAI with unease. But the mood is shifting as customers complain about AI costs, and the old guard smells blood in the water. Last week, Palantir CEO Alex Karp and his lieutenants told his customers at an event outside San Francisco that they’re... Software companies and their shareholders have watched the recent growth of Anthropic and OpenAI...
Craig Federighi speaks on a screen at WWDC 2026. Photo by Josh Edelson/Getty Images)
AI Agenda

Anthropic’s Mythos Is Coming Today; Apple Pursues Modest Goals with Siri Revamp

By Stephanie Palazzolo and Aaron Tilley · Jun 9, 2026 7:06am PDT
Big news: Anthropic has a new version of a Mythos-class model coming later today called Claude Fable, according to a person with knowledge of the release. It’s a neutered version of Mythos with safeguards to protect against its misuse either in cybersecurity hacks or the construction of bioweapons, the person said.For those who have been living... Big news: Anthropic has a new version of a Mythos-class model coming later today called Claude...
Craig Federighi, Apple’s senior vice president of software engineering, at WWDC 2026. Justin Sullivan/Getty Images.
The Briefing

Apple’s Cautious AI Overhaul; OpenAI’s IPO Filing

By Martin Peers · Jun 8, 2026 5:01pm PDT
OpenAI on Monday had good news and bad news for the media corps that avidly follows its every twist and turn. The good news is that it filed confidentially to go public, a week after Anthropic did the same thing. (Yippee!) The bad news: OpenAI said it has “not decided on timing yet” and “it may be a while because there are things we want to do... OpenAI on Monday had good news and bad news for the media corps that avidly follows its every...
Gas turbines next to Oracle and OpenAI's Stargate AI data center in Abilene, Texas. Kyle Grillot/Bloomberg via Getty Images
Developers of OpenAI’s Stargate Data Center Face Higher Costs
By Ann Davis Vaughan · Jun 8, 2026 8:00am PDT
Gas turbines next to Oracle and OpenAI's Stargate AI data center in Abilene, Texas. Kyle Grillot/Bloomberg via Getty Images
AI Infrastructure

Developers of OpenAI’s Stargate Data Center Face Higher Costs

By Ann Davis Vaughan · Jun 8, 2026 8:00am PDT
On a dusty stretch of prairie in Abilene, Texas, anxious hardware engineers from Crusoe, a data center developer for OpenAI and Oracle, have been working overtime to get natural gas turbines to work harmoniously with one of the most expensive AI supercomputers in history.It has proven harder and more costly than expected, according to two people... On a dusty stretch of prairie in Abilene, Texas, anxious hardware engineers from Crusoe, a data...
Art by Mike Sullivan.
Exclusive

Goldman, JPMorgan Explore Trading Compute Futures as AI Financing Hedge

By Yueqi Yang and Dakin Campbell · Jun 8, 2026 7:30am PDT
Goldman Sachs and JPMorgan are exploring ways to trade on the cost of computing power, according to people familiar with the matter. That includes trading futures contracts tied to rental prices for graphics processing units, among the scarcest resources of the AI boom, which exchanges plan to list later this year. The discussions show how the... Goldman Sachs and JPMorgan are exploring ways to trade on the cost of computing power, according...
Art by Mike Sullivan
AI Agenda

Anthropic Sounds Alarm on Recursive Self-Improvement

By Rocket Drew · Jun 8, 2026 7:00am PDT
Last week, Anthropic boasted that Claude is now writing 80% of Anthropic’s code, which the company presented as a harbinger of a critical leap in artificial intelligence called recursive self-improvement. That’s when models are so capable that they can create the next generation of AI without human involvement. Excitement about recursive... Last week, Anthropic boasted that Claude is now writing 80% of Anthropic’s code, which the...
WWDC 2025. Photo by Wu Xiaoling/Getty Images
The Briefing

WWDC and SpaceX IPO Headline Big Week

By Martin Peers · Jun 7, 2026 3:01pm PDT
This promises to be an action-packed week. On Monday, Apple kicks off its annual Worldwide Developers Conference, or WWDC for short, where the tech giant is expected to unveil a new operating system for its mobile devices, complete with more advanced AI features. And then later in the week, SpaceX is scheduled to go public.Rather than add to the... This promises to be an action-packed week. On Monday, Apple kicks off its annual Worldwide...
Nikolay Storonsky, chief executive officer of Revolut Ltd. Art by Clark Miller; Getty Images.
Revolut Targets at Least $750 Million Share Sale Amid Strong Demand
By Katie Roof · Jun 7, 2026 12:07pm PDT
Nikolay Storonsky, chief executive officer of Revolut Ltd. Art by Clark Miller; Getty Images.
Exclusive

Revolut Targets at Least $750 Million Share Sale Amid Strong Demand

By Katie Roof · Jun 7, 2026 12:07pm PDT
Revolut, a London-based financial app, is aiming to sell at least $750 million worth of shares in a secondary sale set to kick off next week, with the total potentially pushing far higher amid early signs of strong investor demand, according to a person with knowledge of the discussions. There is already enough investment interest to increase... Revolut, a London-based financial app, is aiming to sell at least $750 million worth of shares in...
Getty Images.
Sunday Insights

In Anthropic vs. OpenAI Race to IPO, First Doesn’t Necessarily Mean Best

By Valida Pau · Jun 7, 2026 8:00am PDT · 1 comment
Anthropic’s filing of its initial public offering paperwork last week means the maker of Claude Code has pulled slightly ahead of OpenAI as the two go head-to-head with their planned IPOs. While bankers and lawyers say there are good reasons for a company to beat its rival to the public markets, especially if it fears its rival’s offering will... Anthropic’s filing of its initial public offering paperwork last week means the maker of Claude...
Art: Clark Miller; Getty Images.
The Big Read

SpaceX’s CFO Is the Quiet VIP of a Wild IPO

By Theo Wayt and Valida Pau · Jun 5, 2026 9:36am PDT
Over the last few months, SpaceX’s chief financial officer, Bret Johnsen, has been trying to pull off an intense two-part challenge: Fold xAI into SpaceX—the biggest merger ever—and then take the combined company public at $75 billion in the largest IPO ever. Johnsen, 57, has gotten it done by keeping his customary cool. Inside... Over the last few months, SpaceX’s chief financial officer, Bret Johnsen, has been trying to pull...
Partner Content

Trustworthy AI as a value lever

By The Information Partnerships · Jun 5, 2026 9:17am PDT · 2 comments
Trust is a requirement for the success of AI, an operating condition that enables speed, scale and autonomy. When implementing AI technology, enterprises need to move at the speed of trust. Go faster, and unforeseen risks proliferate; go slower, and you fall behind your competitors. Most executives are aware that trust is key to the success of... Trust is a requirement for the success of AI, an operating condition that enables speed, scale...
Rob Roy, founder and chief executive officer of Switch Inc. Photo by Michael Nagle/Getty Images.
Data Center Developer Switch in Talks to Raise Billions at $50 Billion-Plus Valuation
By Anissa Gardizy and Valida Pau · Jun 4, 2026 8:31pm PDT
Rob Roy, founder and chief executive officer of Switch Inc. Photo by Michael Nagle/Getty Images.
Exclusive

Data Center Developer Switch in Talks to Raise Billions at $50 Billion-Plus Valuation

By Anissa Gardizy and Valida Pau · Jun 4, 2026 8:31pm PDT
Data center developer Switch is in talks to raise billions of dollars at a valuation of at least $50 billion, as it seeks to capitalize on soaring demand for the infrastructure needed to support artificial intelligence, according to people with knowledge of the deal. Brookfield Asset Management, KKR and other private equity and institutional... Data center developer Switch is in talks to raise billions of dollars at a valuation of at least...
Elon Musk. Getty Images.
The Briefing

Where Musk and Altman See Eye to Eye

By Martin Peers · Jun 4, 2026 5:01pm PDT
Elon Musk and Sam Altman don’t often see eye to eye, as they made clear in their recent legal dispute. But when it comes to making outlandish projections about future growth, the two men seem to share a common philosophy.As we reported earlier on Thursday, SpaceX’s lead bank on its upcoming IPO, Goldman Sachs, has told investors it expects... Elon Musk and Sam Altman don’t often see eye to eye, as they made clear in their recent legal...
Benchmark partners Eric Vishria, left, and Peter Fenton. Screenshot via YouTube
Dealmaker

Benchmark Joins the Late-Stage Crowd

By Laura Mandaro · Jun 4, 2026 4:48pm PDT · 1 comment
For most of this decade, venture capital has morphed from a game of spotting the best young startups to making a more complex range of investments—from public stocks and cryptocurrencies to multibillion-dollar bets on older startups. General Catalyst even bought a hospital system!But industry stalwart Benchmark had held fast to a definition of... For most of this decade, venture capital has morphed from a game of spotting the best young...
A SpaceX Falcon 9 reusable rocket booster on display outside the SpaceX facilities in Hawthorne, Calif. Ethan Swope/Bloomberg via Getty Images.
Exclusive

Wall Street Expects SpaceX to Burn $350 Billion of Cash Through 2030

By Cory Weinberg · Jun 4, 2026 10:41am PDT · 1 comment
SpaceX, planning the largest initial public offering of all time next week, will already need to raise more cash by next year if private forecasts from analysts at Goldman Sachs come to fruition. SpaceX’s lead bank on the IPO, in aggressive forecasts shared with prospective investors this week, expects the company to burn $120 billion this year... SpaceX, planning the largest initial public offering of all time next week, will already need to...
Mike Blandina, Chief Information Officer at Snowflake. Screenshot via YouTube and Money20/20 TV.
Snowflake CIO Says He Used Layoffs to Convince Staff to Use AI
By Laura Bratton and Aaron Holmes · Jun 4, 2026 10:30am PDT
Mike Blandina, Chief Information Officer at Snowflake. Screenshot via YouTube and Money20/20 TV.
Applied AI

Snowflake CIO Says He Used Layoffs to Convince Staff to Use AI

By Laura Bratton and Aaron Holmes · Jun 4, 2026 10:30am PDT
Tech firms ranging from Block to Meta Platforms have announced mass layoffs in the past year, frequently citing AI as allowing them to do more with less people. In a variation on that approach Snowflake says it used layoffs to force software engineers to use AI tools and become more productive.“At the time, my team hated me, but I thought it was... Tech firms ranging from Block to Meta Platforms have announced mass layoffs in the past year,...
Andy Konwinski, co-founder of Databricks and Perplexity AI. Photo by Marc Fong
AI Agenda

Billionaire Databricks and Perplexity Co-Founder Pitches AI Researchers to Not Work for Big Tech

By Laura Bratton · Jun 4, 2026 7:00am PDT · 2 comments
The billionaire co-founder of Databricks and Perplexity AI, Andy Konwinski, is singularly focused on plugging the years-long drain of talent from academia to Big Tech.He wants to encourage academics to focus on publishing more openly available research, a reaction to the move by frontier AI companies to reduce the amount of AI research they... The billionaire co-founder of Databricks and Perplexity AI, Andy Konwinski, is singularly focused...