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Financing the AI Revolution Recap: AI and the IPO Market

By The Information Partnerships · May 5, 2025 2:12pm PDT

After a yearslong slump in the initial public offering market, 2025 was poised to be the year exits made a comeback, with many big companies in tech and artificial intelligence—including Databricks, Chime, StubHub and Klarna—primed to hit the exchange and deliver a long-anticipated return on investment. All of that was before Trump’s on-again,... After a yearslong slump in the initial public offering market, 2025 was poised to be the year...

Photos by Alyssa Ringler.

Financing the AI Revolution

Financing the AI Revolution: The Highlights

By The Information Staff · Apr 29, 2025 6:00am PDT

Investing in artificial intelligence can be a tricky business. It’s the time of “peak ambiguity when it comes to AI,” said Hemant Taneja, CEO of venture capital firm General Catalyst. “None of us really know what the world’s going to look like in some ways.” Investors face uncertainties about which startups endure, which piece of AI technology... Investing in artificial intelligence can be a tricky business. It’s the time of “peak ambiguity...

Tony Kim, Managing Director of Fundamental Equities at BlackRock, speaks at last year's Private Capital Conference. Photo via Getty.

Your Cheat Sheet for AI and Finance Summit

By Cory Weinberg · Apr 24, 2025 3:06pm PDT

My colleagues and I are sharpening our questions for Monday’s Financing the AI Revolution summit at the New York Stock Exchange. It will be the perfect New York spring afternoon to pressure-test how investors and executives are adjusting to new realities in the business. More companies are slowing their spending on artificial intelligence... My colleagues and I are sharpening our questions for Monday’s Financing the AI Revolution summit...

Art by Mike Sullivan via Midjourney

Revenue Lags at AI Evaluation Startups

By Sri Muppidi · Apr 14, 2025 7:00am PDT · 1 comment

Art by Mike Sullivan via Midjourney

Revenue Lags at AI Evaluation Startups

By Sri Muppidi · Apr 14, 2025 7:00am PDT · 1 comment

Startups whose products evaluate artificial intelligence to make sure it isn’t making things up or delivering unsafe results, like Patronus and Braintrust, have caught the attention of investors. But previously undisclosed sales data from these and other startups selling evaluation software show corporate customers have been relatively slow to... Startups whose products evaluate artificial intelligence to make sure it isn’t making things up...

The construction site of the Docklands Data Centre Campus where Microsoft was negotiating to lease space. Photo by Getty.

Tariffs Trouble Oracle

By Anissa Gardizy · Apr 7, 2025 7:15am PDT · 1 comment

Before we get to tariffs, we wanted to make sure you saw Stephanie and Jessica’s scoop on OpenAI discussing acquiring a startup created by OpenAI CEO Sam Altman and ex-iPhone designer Jony Ive to develop a personal artificial intelligence device. Although Altman isn’t technically classified as a cofounder of the startup, io Products, the... Before we get to tariffs, we wanted to make sure you saw Stephanie and Jessica’s scoop on OpenAI...

Sam Altman, Left, and Larry Ellison. Photos via Getty, art by Clark Miller

Pressure Rises on Oracle to Finish OpenAI Data Center

By Anissa Gardizy · Apr 7, 2025 6:00am PDT

Oracle is building a data center in Abilene, Texas, the size of 17 football fields for OpenAI. Currently, it’s empty and incomplete. If it stays that way much longer, OpenAI can walk away from the deal, which could cost Oracle billions of dollars, according to two people working with the company on the project. While it’s unlikely OpenAI would... Oracle is building a data center in Abilene, Texas, the size of 17 football fields for OpenAI....

Photo via Getty

Klarna and StubHub Offerings Become Tariff Casualties

By Ken Brown · Apr 4, 2025 4:00pm PDT

That was fast. The window for technology company stock offerings slammed shut less than a week after it opened, dashing hopes that the moribund market would come to life this year.CoreWeave, the deal that was supposed to lead the pack in a reopened market, got done on Friday. StubHub and Klarna were waiting in the wings, until President Donald... That was fast. The window for technology company stock offerings slammed shut less than a week...

Photo via Shutterstock

Why Customers Let Workday Train AI on Their Data

By Jon Victor · Apr 3, 2025 10:00am PDT · 1 comment

Photo via Shutterstock

Why Customers Let Workday Train AI on Their Data

By Jon Victor · Apr 3, 2025 10:00am PDT · 1 comment

Workday, a human resources software provider, is the latest example of a large public company using information from customers to improve its artificial intelligence.To develop AI that lets customers generate and analyze legal contracts, Workday has been using its customers’ own contracts as part of the training data, Chief Technology Officer... Workday, a human resources software provider, is the latest example of a large public company...

Rodney Brooks. Photo by Getty

Roomba Creator Says Humanoid Robots Are Overhyped

By Rocket Drew · Apr 3, 2025 7:46am PDT · 3 comments

It’s not every day you hear a robotics founder trying to cool the hype surrounding their industry, but Rodney Brooks has seen it all before. Speaking at a conference Tuesday hosted by Stanford’s Institute for Human-Centered AI, Brooks, a founder of multiple robotics companies including the one behind Roomba vacuums, showed attendees a slide... It’s not every day you hear a robotics founder trying to cool the hype surrounding their...

Photo via Getty

Musk Heading Home

By Sylvia Varnham O'Regan · Apr 2, 2025 5:00pm PDT · 2 comments

Is Elon Musk’s run as a government cost cutter coming to an end? According to a new Politico report, President Donald Trump has been telling members of his inner circle that Musk will step back in the coming weeks and return to his businesses, most notably his struggling electric vehicle maker, Tesla. The White House has downplayed the... Is Elon Musk’s run as a government cost cutter coming to an end? According to a new Politico...

Google campus photo by Getty. Art by Mike Sullivan.

Google in Advanced Talks to Rent Nvidia AI Servers From CoreWeave

By Aaron Holmes, Stephanie Palazzolo and Anissa Gardizy · Apr 2, 2025 12:32pm PDT · 1 comment

Google is in advanced talks to rent state-of-the-art Nvidia Blackwell chips for running artificial intelligence from CoreWeave, an upstart cloud provider, according to two people briefed about the situation. The potential deal shows how major Nvidia customers like Google are struggling to get enough of its chips to meet rising demand from... Google is in advanced talks to rent state-of-the-art Nvidia Blackwell chips for running...

OpenAI CEO Sam Altman. Photo via Getty

A ‘Biblical’ Test of AI Investor Faith

By Cory Weinberg · Apr 1, 2025 2:50pm PDT · 2 comments

OpenAI CEO Sam Altman. Photo via Getty

A ‘Biblical’ Test of AI Investor Faith

By Cory Weinberg · Apr 1, 2025 2:50pm PDT · 2 comments

OpenAI CEO Sam Altman described the awe-inspiring usage of ChatGPT’s new image generation tool a few days ago as “biblical.” His use of religious terminology fits the moment. The money that Altman, Elon Musk and tech giants require to finance chips, data centers and power is a test of faith for Wall Street. OpenAI CEO Sam Altman described the awe-inspiring usage of ChatGPT’s new image generation tool a...

Getty Images

AI's Trump Stress Test?

By Abram Brown · Mar 31, 2025 5:00pm PDT

Phewww. That was a close one. Tech stocks narrowly avoided another large, painful sell-off on Monday as investors continued to look at the uncertainty around President Donald Trump’s trade agenda. The Nasdaq ended the day down 0.1%, but at different points in the day, trading seemed much grimmer, and the index was down more than 2% at... Phewww. That was a close one. Tech stocks narrowly avoided another large, painful...

Photo via Getty

Musk Solves X

By Martin Peers · Mar 28, 2025 3:38pm PDT · 2 comments

We have one less company called X to worry about. Elon Musk took a break from cutting costs in the federal government to reveal late Friday that he had merged his X social media platform into his xAI startup. It was a surprising but not completely unexpected move, one that removes any impediments to the two firms sharing resources—and should... We have one less company called X to worry about. Elon Musk took a break from cutting costs in...

The Winners in CoreWeave’s IPO, and Why VCs Missed Out

By Cory Weinberg · Mar 28, 2025 9:25am PDT · 6 comments

CoreWeave’s initial public offering, which started trading today, had a rocky path to the market but delivered a windfall to Magnetar Capital. The investor bet big on the AI data center startup but presciently protected itself from the risk of big losses. Magnetar invested in CoreWeave when others wouldn’t touch it, and that helped it get the... CoreWeave’s initial public offering, which started trading today, had a rocky path to the market...

Photo via Getty

Pro Weekly: EToro Leads Crypto IPO Comeback

By Akash Pasricha · Mar 28, 2025 8:10am PDT

Photo via Getty

Pro Weekly: EToro Leads Crypto IPO Comeback

By Akash Pasricha · Mar 28, 2025 8:10am PDT

When it rains, it pours. March has been one of the busiest months in a while for tech companies filing to go public, so we’ve overhauled our IPO Tracker to help you keep track of the sudden burst of activity. Cloud provider CoreWeave priced its initial public offering on Thursday night, though with a smaller offering at a lower price than... When it rains, it pours. March has been one of the busiest months in a while for tech companies...

CoreWeave co-founder and CEO Michael Intrator. Photo via Getty

CoreWeave’s Shaky IPO Signal

By Cory Weinberg · Mar 27, 2025 5:00pm PDT · 1 comment

CoreWeave is the first company trying to test Wall Street’s appetite for a new, tasty artificial intelligence offering. And investors don’t seem to like what they’re being served.The company priced its initial public offering tonight at $40 a share, putting a roughly $23 billion valuation on CoreWeave, according to CNBC. That’s way down from the... CoreWeave is the first company trying to test Wall Street’s appetite for a new, tasty artificial...

Art by Mike Sullivan

Why Some AI Buyers Might Need to Hire More Engineers, Not Fewer

By Jon Victor · Mar 27, 2025 10:00am PDT

Many companies shelling out cash for artificial intelligence may be counting on the technology to reduce the number of software engineers they need. That’s not the case at Vanta, which sells compliance software to enterprises.As the $2.5 billion–valuation startup uses more AI to aid its 300-person sales organization, it’s hiring more engineers... Many companies shelling out cash for artificial intelligence may be counting on the technology to...

Art by Mike Sullivan

CoreWeave’s Quiet Rival May Be the Better Bet

By Anita Ramaswamy · Mar 27, 2025 10:00am PDT · 10 comments

CoreWeave, the AI–focused data center company set to go public Friday, is the hottest name in both finance and tech right now. Then there’s Nebius. Nebius also builds data centers aimed at artificial intelligence. It is already listed, so there is no IPO fanfare. It is also growing fast and has almost no debt. The most surprising thing... CoreWeave, the AI–focused data center company set to go public Friday, is the hottest name...

Jensen Huang, co-founder and CEO of Nvidia, speaks during the Nvidia GPU Technology Conference. Photo by Getty

Why Nvidia and CoreWeave Want to Buy AI Inference Startups

By Stephanie Palazzolo · Mar 27, 2025 7:00am PDT

Jensen Huang, co-founder and CEO of Nvidia, speaks during the Nvidia GPU Technology Conference. Photo by Getty

Why Nvidia and CoreWeave Want to Buy AI Inference Startups

By Stephanie Palazzolo · Mar 27, 2025 7:00am PDT

Yesterday, Kevin and I broke the news that Nvidia was in advanced talks to buy Lepton AI, a startup that rents out servers powered by Nvidia’s chips and helps AI developers train and run open-source models on those servers, otherwise known as an inference provider.A deal would put Nvidia in direct competition with a slew of other inference... Yesterday, Kevin and I broke the news that Nvidia was in advanced talks to buy Lepton AI, a...