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Blackstone Nears Deal to Buy Data Center Firm Rowan

By Anissa Gardizy, Valida Pau and Miles Kruppa · Mar 25, 2026 2:26pm PDT

Blackstone is close to a deal to buy Rowan Digital Infrastructure, a major U.S. data center developer that builds campuses for large cloud providers, according to a person with direct knowledge of the deal. The terms of the deal couldn’t be learned, but the company would likely be valued at more than $10 billion, including its debt, people... Blackstone is close to a deal to buy Rowan Digital Infrastructure, a major U.S. data center...

Jeff Bezos. Photo via Getty Images

The Information Finance

The Bull Case for AI Just Got Stronger

By Ken Brown · Mar 25, 2026 8:00am PDT · 2 comments

Please join The Information at the New York Stock Exchange on Monday, April 27, for The Information’s “Financing the AI Revolution” forum. Hear from top executives and investors on how the rapid build-out of AI is reshaping tech, finance and capital markets. Learn more here.There’s supply and demand for AI computing power and there’s supply and... Please join The Information at the New York Stock Exchange on Monday, April 27, for The...

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Apple Can ‘Distill’ Google’s Big Gemini Model

By Jessica E. Lessin, Amir Efrati and Erin Woo · Mar 25, 2026 7:00am PDT

Before we get to today’s column, we wanted to flag OpenAI CEO Sam Altman’s major reorg, the company’s new "Spud” model and its decision to shut down the Sora video app and application programming interface, which we scooped on Tuesday. (For what the company’s organizational structure looks like now after the changes, check out our updated OpenAI... Before we get to today’s column, we wanted to flag OpenAI CEO Sam Altman’s major reorg, the...

Vultr CEO J.J. Kardwell. Screenshot via YouTube/Vultr.

AMD-Backed Vultr Seeks $1 Billion for AI Cloud Push

By Miles Kruppa, Anissa Gardizy and Valida Pau · Mar 25, 2026 6:00am PDT

Vultr CEO J.J. Kardwell. Screenshot via YouTube/Vultr.

AMD-Backed Vultr Seeks $1 Billion for AI Cloud Push

By Miles Kruppa, Anissa Gardizy and Valida Pau · Mar 25, 2026 6:00am PDT

Vultr, one of the oldest independent cloud providers, is seeking to raise at least $1 billion in new capital so it can compete with a growing list of startups scrambling for cash to meet the surging demand for AI computing power. The company, which is backed by chipmaker Advanced Micro Devices, was founded in 2014 and didn’t raise any outside... Vultr, one of the oldest independent cloud providers, is seeking to raise at least $1 billion in...

Art by Mike Sullivan

The Math Behind Anthropic’s Mad Revenue Growth

By Sri Muppidi · Mar 24, 2026 5:49pm PDT · 1 comment

OpenAI and Anthropic’s remarkable revenue growth has invited scrutiny of how the AI startups are tallying the headline-making figures they have privately or publicly disclosed.Last month, OpenAI’s annualized revenue jumped to $25 billion, nearly four times higher than a year earlier. Anthropic has grown even faster: At the end of last month,... OpenAI and Anthropic’s remarkable revenue growth has invited scrutiny of how the AI startups are...

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OpenAI Wrongfoots Disney

By Martin Peers and Ann Gehan · Mar 24, 2026 5:00pm PDT

Walt Disney Co. must be so glad it committed to investing $1 billion in OpenAI and becoming a customer of the ChatGPT creator. The theme park and entertainment firm agreed to both steps as part of a deal struck last December in which it licensed its characters for use on OpenAI’s Sora video-generation tool. On Tuesday, OpenAI decided to shut... Walt Disney Co. must be so glad it committed to investing $1 billion in OpenAI and becoming a...

Slack, Workday and LinkedIn Are Resisting Customers’ AI Agents

Slack, Workday and LinkedIn Are Resisting Customers’ AI Agents

By Laura Bratton · Mar 24, 2026 1:24pm PDT · 1 comment

Every day seems to bring new excitement—or in the case of Amazon employees, trepidation—around AI agents that aim to perform any white-collar task involving a computer. Monday night, for instance, Anthropic announced its latest march in this direction with a version of its Claude chatbot that can take over your computer and operate any... Every day seems to bring new excitement—or in the case of Amazon employees, trepidation—around AI...

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Why AI Coding Agents Need Multiple Personalities to Do Their Best Work

By Stephanie Palazzolo · Mar 24, 2026 7:00am PDT · 2 comments

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Why AI Coding Agents Need Multiple Personalities to Do Their Best Work

By Stephanie Palazzolo · Mar 24, 2026 7:00am PDT · 2 comments

Something curious is happening with AI coding agents. Developers have started telling me they’re asking these coding agents to take on different personas so they behave like more of a team than an individual programmer.For instance, a developer creating a software product feature will first tell their AI coding product—whether it be Gemini or ... Something curious is happening with AI coding agents. Developers have started telling me they’re...

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Google’s Gemini Steals a March on OpenAI

By Martin Peers · Mar 23, 2026 5:00pm PDT

When invading a hostile territory or testing a new AI service, it’s best to move quietly and steal a march on your opponents. Google appears to have learned that lesson. It’s now possible, if you’ve got its latest Pixel or Samsung phones, to ask the Gemini app to order an Uber or a meal on DoorDash. I tried it today and it worked flawlessly, if... When invading a hostile territory or testing a new AI service, it’s best to move quietly and...

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Claude Code and Codex Are Outpacing Cursor Among Notion's Engineers

By Stephanie Palazzolo · Mar 23, 2026 7:00am PDT · 2 comments

Software engineers embracing the AI coding revolution don’t have much loyalty to any particular coding tool, especially when a new, better one comes out. In the latest example of that, the growth of Anthropic’s Claude Code and OpenAI’s Codex is outpacing that of Cursor among hundreds of engineers at Notion, a maker of popular... Software engineers embracing the AI coding revolution don’t have much loyalty to any particular...

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Stock Comp and Software’s Illusory Profits

By Martin Peers · Mar 22, 2026 3:00pm PDT · 1 comment

Memo to software executives: Now is the time to radically reduce the amount of stock you give employees. That would win you some favor with investors, who’ve generally gone off your sector thanks to worries about the threat posed by AI. Even if those concerns are overblown, cutting costs in the face of a major disruption is a smart idea.It’s no... Memo to software executives: Now is the time to radically reduce the amount of stock you give...

Illustration: Clark Miller

AI’s Enthusiasm Chasm

By Abram Brown · Mar 21, 2026 7:00am PDT

Illustration: Clark Miller

AI’s Enthusiasm Chasm

By Abram Brown · Mar 21, 2026 7:00am PDT

Welcome, Weekenders! In this newsletter:• The Big Read: A rising star at Microsoft has a challenging new job• Defense Tech: Anduril’s big bet? An Ohio weapons factory • Tech Culture: Fat with funding, AI startups binge on private parties• Plus, Recommendations—our weekly pop culture picks: “Blood Will Tell”; “The Complex” and “This Is Where... Welcome, Weekenders! In this newsletter:• The Big Read: A rising star at Microsoft has a...

Illustration: Clark Miller

Compute Costs? No, Caviar and Cocktails: In the Bay Area, AI Splurges on Private Parties

By Eli Rosenberg · Mar 21, 2026 6:47am PDT · 2 comments

Around the time last fall that Vercel tripled its valuation to $9 billion, the startup decided to throw a swank dinner party. It was a chance for Malte Ubl, the company’s chief technology officer, to talk shop and discuss the fast-changing landscape with a dozen so other Silicon Valley executives—and an opportunity for Vercel, a... Around the time last fall that Vercel tripled its valuation to $9 billion, the startup decided to...

Art by Clark Miller.

Inside Anduril’s Big Gamble: An Ohio Weapons Factory

By Cory Weinberg · Mar 21, 2026 6:00am PDT · 1 comment

Just past the soybean farms in Pickaway County, Ohio, stands a flat-roofed building clad in blue and gray panels, with John Deere tractors near the entrance and hard hat–wearing construction workers busily laying pipes in the ground. The 866,000-square-foot factory isn’t much to behold—it looks like any of the many humble industrial... Just past the soybean farms in Pickaway County, Ohio, stands a flat-roofed building clad in blue...

Art by Mike Sullivan.

8 Questions Investors Need to Ask About SpaceX’s IPO

By Theo Wayt · Mar 20, 2026 6:00am PDT · 8 comments

SpaceX is aiming to raise tens of billions of dollars as soon as this summer in what could be the largest initial public offering in history. While CEO Elon Musk has proven he’s uniquely skilled at convincing investors to buy into his grand visions at gigantic valuations, anyone considering buying into the SpaceX IPO may be right to ask whether... SpaceX is aiming to raise tens of billions of dollars as soon as this summer in what could be the...

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Uber’s Self-Driving Car Quest

By Martin Peers · Mar 19, 2026 5:00pm PDT

David Paul Morris/Bloomberg via Getty Images.

Uber’s Self-Driving Car Quest

By Martin Peers · Mar 19, 2026 5:00pm PDT

For all the attention Nvidia gets for its relentless pace of new business partnerships, it can’t hold a candle to Uber. The ride-hailing giant seems to be on a quest to go into business with anyone who’s ever thought about developing a self-driving car. On Thursday, it announced a robotaxi deal with Rivian, the electric truck maker that is... For all the attention Nvidia gets for its relentless pace of new business partnerships, it can’t...

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An SEC Idea That Could Jolt the IPO Market

By Katie Roof · Mar 19, 2026 3:33pm PDT

Quarterly earnings could be going away. Will this result in more IPOs?One of the hallmarks of investing in public stocks is receiving quarterly updates from the companies. Those financial results and, even more so, forecasts can sink or lift stocks. Preparing them is such a time-suck for company executives that some startup founders have pointed... Quarterly earnings could be going away. Will this result in more IPOs?One of the hallmarks of...

A RIVR ONE delivery robot. Screenshot via YouTube; art by Mike Sullivan.

Amazon Acquires Robotics Startup, Boosting Efforts to Streamline Deliveries

By Catherine Perloff and Valida Pau · Mar 19, 2026 1:13pm PDT

Amazon has acquired autonomous robotics startup Rivr, an Amazon spokesperson confirmed, a deal that could help the commerce and logistics giant deliver packages to shoppers’ doors more efficiently. Based in Zurich and formerly known as Swiss-Mile, Rivr was valued at $110 million in an August 2024 funding round, according to PitchBook. Amazon and... Amazon has acquired autonomous robotics startup Rivr, an Amazon spokesperson confirmed, a deal...

Anjney Midha. Art by Clark Miller, image via AMP

AI Infrastructure

Early Anthropic Investor Develops a ‘Grid’ for AI Servers

By Anissa Gardizy · Mar 19, 2026 10:54am PDT · 1 comment

Anjney Midha, the former Andreessen Horowitz general partner and early personal investor in Anthropic, is finally ready to talk about his highly anticipated AI infrastructure venture, for which he was trying to raise more than $10 billion, my colleague Katie has reported.Midha says the new firm, AMP, is creating a “grid for AI,” similar to how... Anjney Midha, the former Andreessen Horowitz general partner and early personal investor in...