Trump Pardons Nikola Founder
Milton resigned just months after Nikola went public after allegations that Nikola had faked a promotional video.
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SoftBank Could Slash OpenAI’s Round in Half if Conversion Condition Not Met
OpenAI's round consists of two tranches: an initial tranche of $10 billion and a second tranche of $30 billion which is expected to come later this year.
Musk Merges X and xAI
The merger will also reduce pressure on Musk to turn around X, whose revenue has fallen by nearly half since he bought it (then named Twitter) in late 2022.
Nike Strikes New Apparel Deal Amid Women’s Sports Boom
The retail giant's partnership with a new startup, Togethxr, reflects a growing demand for women's sports merchandise.
Cursor Hits $200 Million in Annual Recurring Revenue
Anysphere, which has hired over 50 people, has seen Cursor usage soar.
CoreWeave Raises $1.5 Billion in IPO
The company had been hoping to raise as much as much as $2.6 billion at a $32 billion valuation earlier this week.
Amazon’s Film and TV Studio Boss Jen Salke Is Leaving
Amazon's film and TV studio boss Jennifer Salke is leaving the company as it "flattens" the structure of the studio business.
Databricks, Anthropic Team Up to Sell AI
The companies have inked a five-year deal to sell each other's products to customers and promote AI agents, which automate tasks like scheduling appointments.
Amazon Lays Off Around 200 Fulfillment Support Staff
Amazon has recently touted artificial tools designed to support merchants.
Nvidia-Backed AI Cloud Provider Raises $225 Million to Buy More Nvidia Chips
Crusoe’s cloud business is smaller than and separate from its data center business in which it develops facilities for major cloud providers like Oracle as part of the Stargate project for OpenAI.
Flexport Took in $2.1 Billion in 2024 Revenue, Weighs Tender Offer
Flexport has raised about $2.5 billion in equity and debt from backers including Shopify, SoftBank and Andreessen Horowitz, according to Pitchbook.
Magnetar Capital In Talks for OpenAI’s $40 Billion Financing
The financing will value OpenAI at $300 billion including the investment.
Judge Allows Copyright Lawsuit Against OpenAI to Proceed
The New York Times alleged in 2023 that OpenAI used the newspaper’s content without permission or compensation to build AI models that power ChatGPT.
Nvidia in Advanced Talks to Acquire GPU Reseller Lepton
Nvidia in recent years has been buying startups to help drive down the cost of running AI models, and now it is in talks to acquire GPU reseller Lepton.
Trump Open to Tariff Concessions for China in Exchange For TikTok Deal
Trump's comments confirming longstanding speculation about his willingness to bargain on tariffs in exchange for a concession on TikTok.
OpenAI Considers Building its Own Data Center For Storage
This kind of deal would represent the startup's first foray into developing its own data center instead of relying on cloud providers.
Founder of Sheertex Tights Maker Steps Down as Startup Looks for Lifeline
The company had sunk capital into bringing more of its manufacturing in-house to lower costs.
Cerebras IPO Delayed Again
The delay is the latest complication for the chipmaker’s IPO ambitions.
Napster Sells for $207 Million to VR Company
The new owner hopes to make a metaverse with streaming music.
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.
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