Commerce Dept. Denies Talks for Quantum Investments
Quantum stocks jumped earlier in the day on a report of the talks.
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Recent Editions
Intel Expects to Benefit as More Companies Adopt AI Apps
Intel's turnaround appears to be continuing after the chipmaker beat its quarterly sales forecast, while its senior leaders struck a positive tone on AI.
Anthropic Says It Will Use Up to 1 Million Google TPU Chips
Google's AI chip is challenging Nvidia's GPUs.
OpenAI Acquires AI Startup Software Applications Incorporated
The startup builds Sky, a “natural language interface” for Mac computers
Trump Says He Won’t Send National Guard to SF After Calls From Tech ‘Friends’
Trump said he had received a call from Salesforce CEO Marc Benioff, who recently walked back his support for the plan.
Redwood Materials Raises $350 Million for Data Center Batteries
Nevada-based startup's valuation rises to $6 billion
Globalstar’s Stock Moves Up 8% Following Report from The Information
The satellite provider’s top executive has told others he’s open to selling Globalstar for more than $10 billion.
Exclusive: Startup Synthesia Discusses GV-Led Fundraise at $4 Billion Valuation
Synthesia previously talked with Adobe and Meta about a potential sale.
NBA Coach and Player Ensnared in Sports Betting Indictments
The NBA suspended a Portland Trailblazers coach and a Miami Heat guard following the indictments.
Ellison’s Paramount Has Made Three Bids for WBD
Earlier this week WBD said it was reviewing its "strategic alternatives," which is code for putting itself on the market.
HongShan Leads Fundraising in AI Agent Genspark
The funding round, which is still ongoing, elevates the startup’s valuation to the north of $1 billion.
Amazon Launches New AI Recommendation Feature To Help Shoppers Make Decisions
Amazon has been revamping its search and product listings using AI to better match them with shoppers’ queries.
Trump Administration in Talks to Take Stakes in Quantum Computing Firms
The government, which agreed to take a 10% stake in Intel in August, is looking to deepen its involvement in key areas of technology.
Andreessen Horowitz Said to Seek $10 Billion in New Funds
It would spread the new money in follow-on, AI and manufacturing investments.
Trump Crypto Partner Abruptly Suspends CEO
Alt5 Sigma, a Nasdaq-listed company amassing a digital store of a cryptocurrency backed by the Trump family, said on Wednesday it suspended its CEO with immediate effect.
Khosla Says Robotics Valuations Are “Getting Bonkers”
Khosla also played down concerns about the circular financing deals that have become more common in AI, saying the key question is which company is taking on the risk.
Tesla Profit Fell 37% in Third Quarter Despite End of Tax Credit Boosting Sales
Tesla also gave an update on its Optimus robot, which is falling behind on ambitious production goals set by Musk.
UK Competition Authority Designates Google, Apple With “Strategic Market Status”
The CMA said in a statement that both platforms have “substantial, entrenched market power" over the mobile phone market.
Reddit Sues Data Scrapers and Perplexity for Unlawfully Accessing Content
The scrapers can access content Reddit blocks through Google search results, and Perplexity pays for this content, Reddit alleges
Meta Cuts About 600 from AI Organization
The layoffs come after the unit, which had about 3,400 employees as of this summer, restructured itself in August.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy