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Sam Altman. Photo by Getty Images

The Loopholes in OpenAI’s Pentagon Deal

By Erin Woo · Mar 2, 2026 7:00am PST

What a weekend! Anthropic is now poised to sue the Pentagon, after being labeled a “supply chain risk,” while OpenAI has its own agreement allowing the agency to use OpenAI’s models in “classified environments.”There are still plenty of unanswered questions, including how big of a business risk being designated a “supply chain risk” poses... What a weekend! Anthropic is now poised to sue the Pentagon, after being labeled a “supply chain...

Sunday Insights

Thrive, Andreessen Horowitz Head Fastest-Growing VC Firms

By Julia Hornstein · Mar 1, 2026 8:00am PST · 1 comment

The biggest venture capital funds are getting even bigger. In the past three years, the top firms have raised billions of dollars—in some cases more than half the total amount they’ve raised in their lifetimes. Take Thrive Capital, which in February said it had raised $10 billion in new funds. The backer of OpenAI and Stripe has raised... The biggest venture capital funds are getting even bigger. In the past three years, the top firms...

Sam Altman, left, and Andrew Jassy. Photos by Getty Images, AP.

What Amazon and Microsoft Will Win or Lose From OpenAI’s New Deals

By Aaron Holmes, Catherine Perloff, Stephanie Palazzolo, Anissa Gardizy, Valida Pau and Shane Burke · Feb 27, 2026 10:38am PST · 2 comments

OpenAI’s wide-ranging partnership with Amazon, announced on Friday as part of a bigger series of funding agreements valuing the company at $730 billion before the investment, means the ChatGPT creator will soon have two of the three biggest cloud firms pitching its services. But can both Amazon and Microsoft get a big boost without encroaching... OpenAI’s wide-ranging partnership with Amazon, announced on Friday as part of a bigger series of...

Art by Clark Miller; Getty Images.

Amazon’s $50 Billion Investment in OpenAI Could Hinge on IPO, AGI

By Sri Muppidi, Anissa Gardizy and Aaron Holmes · Feb 25, 2026 5:51pm PST · 4 comments

Art by Clark Miller; Getty Images.

Amazon’s $50 Billion Investment in OpenAI Could Hinge on IPO, AGI

By Sri Muppidi, Anissa Gardizy and Aaron Holmes · Feb 25, 2026 5:51pm PST · 4 comments

Amazon’s decision to invest up to $50 billion in OpenAI could hang on whether OpenAI goes public or reaches a loosely defined milestone known as artificial general intelligence, which generally refers to AI that is on par with human abilities, according to three people involved who have communicated with OpenAI executives. Under the terms of the... Amazon’s decision to invest up to $50 billion in OpenAI could hang on whether OpenAI goes public...

Artwork by Clark Miller

From Vision to Constraints: The Lessons of OpenAI’s Stargate Buildout

By The Information Staff · Feb 25, 2026 1:49pm PST · 1 comment

OpenAI’s ambitions to build some of the world’s largest AI data centers have evolved significantly over the past two years, offering a revealing look at how difficult it is to translate demand for compute into physical infrastructure. Shifts in partners, scope and timelines highlight the financial and operational trade-offs that come with... OpenAI’s ambitions to build some of the world’s largest AI data centers have evolved...

Andrew Feldman, Cerebras Systems. Art by Clark Miller; Getty Images.

Why OpenAI’s Cerebras Chip Deal Matters; What Anthropic Wants to Know About Chinese Rivals

By Stephanie Palazzolo and Rocket Drew · Feb 25, 2026 7:00am PST

OpenAI executives have repeatedly signaled, both publicly and privately, that the only factor limiting the company’s revenue growth is access to computational resources. Chief Financial Officer Sarah Friar wrote an entire blog post on this topic earlier this year, and OpenAI executives highlighted the message again in a presentation to investors... OpenAI executives have repeatedly signaled, both publicly and privately, that the only factor...

Photo by Kyle Grillot/Getty Images

AI Infrastructure

What OpenAI’s Stargate Issues Could Teach Anthropic

By Anissa Gardizy · Feb 23, 2026 8:00am PST

Over the past year, the running joke in the data center industry—even inside OpenAI—has been that the $500 billion Stargate initiative was less of a master plan than a “vibe.”My reporting this weekend showed how little Stargate resembles the $500 billion effort touted at a White House event just over a year ago. Stargate now has no staff, nor... Over the past year, the running joke in the data center industry—even inside OpenAI—has been that...

Art by Clark Miller

Inside OpenAI’s Scramble to Get Computing Power After Stargate Stalled

By Anissa Gardizy · Feb 22, 2026 11:00am PST · 4 comments

Art by Clark Miller

Inside OpenAI’s Scramble to Get Computing Power After Stargate Stalled

By Anissa Gardizy · Feb 22, 2026 11:00am PST · 4 comments

When President Donald Trump announced the $500 billion Stargate AI data center project in January 2025, the three companies charged with developing it promised to move with lightning speed, spending $100 billion almost immediately to start building 10 gigawatts of computing capacity. More than a year later, the Stargate joint venture has not... When President Donald Trump announced the $500 billion Stargate AI data center project in January...

OpenAI CEO Sam Altman. Prakash Singh/Getty Images.

OpenAI Boosts Revenue Forecasts, Predicts $111 Billion More Cash Burn Through 2030

By Sri Muppidi and Stephanie Palazzolo · Feb 20, 2026 2:44pm PST · 1 comment

OpenAI recently hiked its revenue outlook for the next five years, predicting that it would generate about 27% more than previously forecast from sales of its ChatGPT subscriptions, AI models, and newer business lines such as advertising and hardware, according to financial forecasts. But it warned it will burn more than twice as much cash... OpenAI recently hiked its revenue outlook for the next five years, predicting that it would...

OpenAI CEO Sam Altman. Getty Images

OpenAI Is Finalizing First Commitments for $100 Billion Mega Round

By Sri Muppidi · Feb 18, 2026 6:21pm PST · 1 comment

OpenAI is finalizing initial commitments from investors in a round that could raise $100 billion at a $830 billion valuation including the investment, according to two people with direct knowledge of the fundraising. SoftBank is expected to anchor the round with a $30 billion investment, which it will spread in three installments of $10 billion... OpenAI is finalizing initial commitments from investors in a round that could raise $100 billion...

Masayoshi Son, CEO of Softbank. Photo by Akio Kon/ Getty Images

How SoftBank’s OpenAI Bet Could Benefit CEO Son

By Cory Weinberg · Feb 12, 2026 5:00pm PST

The “rough vibes” at OpenAI have gotten less choppy, allowing SoftBank boss Masayoshi Son to shed some personal financial risk in the company’s big OpenAI investment.A little-noticed disclosure in SoftBank’s earnings report released Thursday said that Son no longer was on the hook for the roughly $1 billion personal guarantee he had pledged so a... The “rough vibes” at OpenAI have gotten less choppy, allowing SoftBank boss Masayoshi Son to shed...

Artwork by Clark Miller

Who Can Afford the AI Buildout? Follow the Balance Sheets

By The Information Staff · Feb 12, 2026 12:39pm PST · 1 comment

Artwork by Clark Miller

Who Can Afford the AI Buildout? Follow the Balance Sheets

By The Information Staff · Feb 12, 2026 12:39pm PST · 1 comment

The soaring cost and operational risk of building AI infrastructure—especially as companies race to deploy next-generation Nvidia chips—are driving a clear split in how the industry finances growth. Tech incumbents like Microsoft and Google are leaning on scale, credit strength and partnerships to spread risk, while challengers such... The soaring cost and operational risk of building AI infrastructure—especially as companies...

MrBeast. Photo by Roy Rochlin/Getty Images

MrBeast’s Beast Industries to Buy Gen Z–Focused Banking App

By Valida Pau · Feb 9, 2026 9:05am PST

Beast Industries, the entertainment conglomerate founded by Jimmy “MrBeast” Donaldson, has agreed to buy Step Mobile, a teen-focused banking app, the companies plan to announce Monday. The acquisition will expand the YouTube star’s reach beyond media, restaurants and packaged food into financial services. Founded in 2018, Step Mobile runs an app... Beast Industries, the entertainment conglomerate founded by Jimmy “MrBeast” Donaldson, has agreed...

Art by Mike Sullivan

The Information Finance

Why Big Tech Companies Are Racing to Fund OpenAI

By Ken Brown · Feb 4, 2026 8:01am PST · 3 comments

Nvidia could invest around $30 billion, Amazon is down for at least $20 billion and Microsoft is looking at $10 billion as part of a $100 billion fundraising for OpenAI. SoftBank will bring the AI company closer to its goal with an investment worth around $30 billion. My colleague Sri Muppidi reported all of this last week. OpenAI has built... Nvidia could invest around $30 billion, Amazon is down for at least $20 billion and Microsoft is...

OpenAI CEO Sam Altman. Todd Owyoung/NBC/Getty Images.

AI’s Dealmaking Frenzy

By Martin Peers · Jan 29, 2026 5:00pm PST

AI’s insatiable need for cash is proving to be a dream for dealmakers. Our scoop from Wednesday night that OpenAI was in talks to raise as much as $60 billion from Nvidia, Microsoft and Amazon was followed by a Wall Street Journal report today that Amazon alone might put in $50 billion. Meanwhile, Reuters reported on Thursday that Elon Musk was... AI’s insatiable need for cash is proving to be a dream for dealmakers. Our scoop from Wednesday...

CEO Sam Altman. Photo by Getty Images.

Nvidia, Microsoft, Amazon in Talks to Invest Up to $60 Billion in OpenAI

By Sri Muppidi · Jan 28, 2026 6:55pm PST · 2 comments

CEO Sam Altman. Photo by Getty Images.

Nvidia, Microsoft, Amazon in Talks to Invest Up to $60 Billion in OpenAI

By Sri Muppidi · Jan 28, 2026 6:55pm PST · 2 comments

OpenAI is lining up huge checks from some of its biggest tech partners, as it seeks to raise up to $100 billion to fund growing demand for its AI. Nvidia, an existing investor whose chips power OpenAI’s AI models, is in talks to invest up to $30 billion, according to a person with knowledge of the situation. Microsoft, a longstanding backer with... OpenAI is lining up huge checks from some of its biggest tech partners, as it seeks to raise up...

Sam Altman. Photo by Kyle Grillot/Getty Images

What Went Wrong With OpenAI’s Year of Agents?

By Stephanie Palazzolo and Sri Muppidi · Jan 28, 2026 7:00am PST

A year ago, OpenAI CEO Sam Altman wrote in a blog post that he expected 2025 to bring the first AI agents that could join the workforce and “materially change the output of companies.” Altman, like so many other AI leaders at the time, was being overly optimistic.As my colleagues Kevin and Sri have reported, OpenAI’s ChatGPT Agent, a product it... A year ago, OpenAI CEO Sam Altman wrote in a blog post that he expected 2025 to bring the first...