Musk’s xAI taps Valor for $12 billion to purchase AI chips
Private credit firms are getting comfortable lending money to companies purchasing AI chips
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Trump Administration Seeks SpaceX Alternatives for ‘Golden Dome’ Project
SpaceX is still likely to play some role in the project due to its unmatched launch capacity, but the U.S. is wary of relying too heavily on the company, Reuters reported.
OpenAI Greatly Expands Data Center Deal With Oracle
In the Tuesday announcement, OpenAI also expanded the definition of Stargate.
OpenAI, SoftBank at Odds Over Data Center Project
OpenAI has moved ahead without SoftBank to secure more computing power for its technology and products.
OpenAI’s Incoming ‘CEO of Applications’ Shares Optimistic View for AI
As CEO of Applications, Fidji Simo will oversee areas including product, sales and finance, while CEO Sam Altman will oversee research and compute.
CoreWeave to raise additional $1.5 billion in debt
The artificial-intelligence chip rental company has soared more than 200% in trading since its March initial public offering
Blackstone Pulls Out Of Investor Group for U.S. TikTok Operations
Blackstone has pulled out of a consortium looking to invest in TikTok’s U.S. operations.
Crypto Custody Firm BitGo Confidentially Files for US IPO
Crypto custody firm BitGo joins a growing number of crypto firms capitalizing on the Trump administration’s support to go public this year.
Hackers Exploit Microsoft Flaw in File-Sharing Software
Dozens of companies and government agencies have already been compromised by hackers, according to researchers at Palo Alto Networks.
Figma Sets Tentative IPO Pricing Range
The range is below the $20 billion price at which Adobe wanted to buy Figma but is around what Figma would be valued at in comparison with other software firms.
Musk Plans AI for Kids Called ‘Baby Grok’
The billionaire’s xAI startup has both wowed the industry—and sparked significant controversy.
Trump Aides Considered Cuts to SpaceX Contracts
Following Elon Musk's fiery exit from D.C., the White House reviewed the business it does with Musk's space company.
Trump Sues WSJ For Defamation
The president has filed a libel lawsuit against the Murdoch-owned newspaper over a Jeffrey Epstein story.
U.S. Lawmaker Presses Commerce Over Nvidia’s AI Chip Sales to China
The letter shows that not every U.S. lawmaker is pleased with the decision by the Trump administration to lift the ban on Nvidia's AI chip sales to China.
White House Plans Executive Order Targeting ‘Woke’ AI
The order is among several expected to be announced next week.
Microsoft Cuts Off China Employees from Pentagon Business
The change came several days after ProPublica published an investigation about the program, which raised national security concerns.
President Trump Signs Stablecoin Bill into Law
The crypto industry scored its first major legislative win under Trump.
Meta Won’t Sign EU’s AI Code of Practice
Meta Chief Global Affairs Officer Joel Kaplan called the code overreach.
Substack Raises $100 Million
The new funds will help Substack invest in its app and new creator tools, as well as expand into new markets and the advertising business.
Cursor Blocks China-Based Coders from Accessing U.S. AI Models
China-based developers were able to code with Anthropic and Google models until Cursor’s recent crackdown
Weekday mornings
The Information AM by The Information Staff
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