CoreWeave Seeks IPO Valuation of About $30 Billion
The company is looking to sell $2.3 billion and $2.7 billion shares in the offering, it said in its amended IPO filing Thursday morning.
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SoftBank to Buy Chip Startup Ampere
SoftBank has been spending big on AI, including investments in OpenAI and the Stargate project.
CoreWeave Plans Smaller IPO Than Expected
CoreWeave is still planning to forge ahead with an IPO. The Nasdaq is down about 11% from its peak earlier this year, making new listings less appealing to prospective investors.
xAI Joins Microsoft, Blackrock in Effort to Raise $100 Billion For AI Data Centers
The move shows how leading AI developers like OpenAI and xAI have joined forces with deeper pockets to obtain more compute capacity.
Zoox Recalls Software in 258 Vehicles After NHTSA Investigation
The investigation was opened after two collision incidents involving motorcyclists.
Nvidia Buys ‘Synthetic’ Data Startup for Less Than $1 Billion
Gretel’s expertise with AI-generated data, also known as synthetic data, could boost Nvidia’s services for developers that run generative AI for their apps on Nvidia-powered servers.
EU Says Google and Apple in Breach of Digital Markets Act
The European Commission also adopted decisions specifying how Apple needs to open up its devices to third-party developers.
Ripple Says SEC Drops Long-Running Lawsuit
The SEC is moving to drop lawsuits alleging unregistered sales of securities against crypto firms as it deliberates new crypto rules.
Musk’s X Raises Nearly $1 Billion in New Equity
The fundraising is the latest positive sign for X, whose business has lately shown signs of stabilizing.
Southeast Asia’s Grab Moves Ahead With Talks to Buy Rival GoTo
A deal would create a dominant player in ride -hailing and food delivery in Indonesia.
X Notches $44 Billion Valuation
The valuation is in line with the price of X, then called Twitter, in Musk’s debt-backed takeover of the company in 2022.
Zoox Applies to Drive Paying Customers in Nevada
The Amazon-backed robotaxi has been ferrying some passengers for free in the state.
Trump Fires Two Democratic FTC Commissioners
One fired commissioner responded: “I’ll see the president in court.”
Space Station Astronauts Return to Earth Aboard SpaceX Capsule
The astronauts ended up staying months in space after technical problems with their original spacecraft.
Musk’s Dismantling of USAID Likely Violated Constitution, Judge Finds
The judge ordered that DOGE reinstate access to email for remaining agency employees.
Nvidia Unveils New AI Chips, Launches Robot Simulator with Google
The leading chip designer aims to spur more robot development
Snowflake Taps JPMorgan Executive as New CIO
Snowflake's CIO switch is the latest in a string of senior executive departures that are happening as the company tries to generate more AI business.
Republican Congressman Warns Trump on Future TikTok Deal
Key Republican John Moolenaar on Tuesday said a deal that keeps ByteDance in control of TikTok would “directly violate the law.”
Google to Acquire Wiz for $32 Billion
The all-cash deal comes after previous talks stalled last summer over regulatory concerns.
Elon Musk’s xAI Acquires Video-Generation Startup
The video AI startup, Hotshot, has raised funding from investors including Lachy Groom, Reddit co-founder Alexis Ohanian and SV Angel.
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