After Leaving Washington, Musk Calls Trump Spending Bill ‘Disgusting Abomination’
Latest attack shows growing rift between the Department of Government Efficiency leader and President Trump
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Thoma Bravo Raises $34.4 Billion, Defying Industry Slowdown
The software-focused buyout firm raised $34.4 billion, showing a sharp divide between top performers and the wider private equity industry.
Kuwaiti Sovereign Wealth Fund Joins Blackrock Infrastructure Project
Blackrock plans to raise $30 billion in equity and up to $100 billion total when including debt.
Meta Signs Power Deal with Constellation Energy
The deal is the latest sign of how tech firms are responding to fast-rising need for electricity to power their AI data centers.
Uber Appoints First COO Since 2019
Andrew Macdonald will oversee the mobility and delivery businesses.
Google Agrees to Spend $500 Million in Shareholder Settlement over Antitrust Claims
The settlement doesn’t settle the antitrust cases the Justice Department has won against Google over the past year, on search and advertising technology.
Shares of AI Data Center Firm Rise 50% After CoreWeave Deal
Before the CoreWeave deal, Applied had struggled to find a large customer to rent the 400-megawatt facility.
XAI Plans $300 Million Share Sale at $113 Billion Valuation
That’s the same price for the company Musk announced in March, when xAI bought his social media service X.
Space Firm Voyager Technologies Seeks $1.6 Billion Valuation in IPO
The Voyager IPO comes amid U.S. government's push in commercial space spending.
Amazon’s Pricing Policies Likely Violate Antitrust Law, German Regulator Says
The complaints from the top antitrust regulator in Germany, which is Amazon’s second largest market, resemble allegations from the Federal Trade Commission in the U.S.
Musk Announces XChat Messaging Service for X
The service, an upgraded version Twitter DMs, is essentially Musk’s bid to compete with WhatsApp, Signal, Telegram and China's WeChat.
Samsung in Talks to Invest in Perplexity
Samsung has long been Google's most important partner in Android, giving Google distribution for its apps on Samsung devices.
China’s Alibaba Expands Influence With Open-Source AI Success
Alibaba, an e-commerce giant that also operates China’s biggest cloud computing business, is emerging as a key player in open-source AI models.
Chime Sets Tentative IPO Price at Around $10.7 Billion
The per-share price of the range, between $24 and $26, is more than 60% below the price at which it sold shares to investors privately in 2021.
Trump to Withdraw Nomination of Musk-Ally to Head NASA
The decision came after the president learned of Jared Isaacman’s past donations to Democrats.
Nvidia Working on New Chip for China That Can Form Computing Cluster
The new chip, tentatively called the B30, will be part of a new system that can link the chips together so they can work in unison.
Nvidia CEO Meets With Trump Regularly to Influence China Chip Policy
The move comes as Trump’s second term has upended the dynamics of Nvidia’s lobbying efforts, requiring Nvidia CEO Jensen Huang to become more actively engaged.
Palantir Emerges as Trump Administration’s Preferred Data Analytics Firm
The Trump administration, along with Elon Musk's DOGE, have picked Palantir to be the primary provider of data analytics software to the federal government.
Nokia Pension Plan Sells VC Fund Stakes to Lexington Partners
With IPOs in the doldrums, limited partners are finding ways to cash out.
Judge Questions Restrictions on AI in Google Search Closing Arguments
The judge called a potential Chrome divestiture “a little cleaner and a little more elegant and a little less speculative” than some of the other remedies proposed.
Weekday mornings
The Information AM by The Information Staff
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