Meta Discusses Developing Closed AI Models
Some leaders, including Meta’s chief AI officer Alexandr Wang, have suggested that the company shouldn’t open-source its best models.
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Crypto Asset Manager Grayscale Files for IPO Confidentially
Grayscale, owned by Digital Currency Group, joins a wave of crypto firms seeking to go public.
Shopify Adds AI Agent Policy Pushing Developers To Incorporate Its Checkout
The e-commerce giant says developers need to add its checkout directly to their apps and chatbots.
Pentagon Awards $200 Million Contracts to xAI, Google, Anthropic
The Pentagon said OpenAI won a similar $200 million contract last month.
Cognition to Acquire Windsurf and Remaining Employees
Remaining employees of the AI coding startup will join Cognition as a result of the deal.
New AWS AI Service Makes it Easier for Customers to Tap OpenAI Models
AWS customers that want to use AI models hosted on rival clouds may soon get their wish, and that could spur more agent development on its cloud.
Meta Announces Data Center Projects
Meta will invest hundreds of billions of dollars into compute to build superintelligence, Mark Zuckerberg said Monday.
Musk Floats Tesla Investment in xAI
Musk's comment came in response to a Tesla fan, but follows a report that SpaceX is investing in xAI.
Elon Musk’s xAI Apologies For ‘Horrific Behavior’
The apology followed the chatbot’s outburst of antisemitic rhetoric and praise for Adolf Hitler last week.
SpaceX Agrees to Invest $2 Billion into xAI
The rocket company’s investment represented nearly half of xAI’s recent equity fundraising round.
Meta Acquires Voice AI Startup
The deal for PlayAI is part of a broader Meta blitz to improve its position in AI.
Google Scoops Windsurf CEO After $3 Billion OpenAI Deal Talks Dissolve
Windsurf’s team raised concerns over how the coding assistant would fit into the OpenAI and Microsoft agreement
JPMorgan Moves To Charge Fintechs Hefty Data Access Fees
The proposed fees would hit payment platforms, such as Stripe and PayPal’s Venmo, the hardest.
Meta Hires Two More OpenAI Researchers
In recent weeks, Meta has hired a suite of researchers from its rivals.
Startup Behind Manus AI Agent Shuts Down China Team
The decision comes after the startup’s leaders relocated from China to Singapore a few months ago.
Andreessen Horowitz Moves Legal Home from Delaware to Nevada
The venture firm called for startups to follow suit.
Revolut Looks to Raise at $65 Billion Valuation
Revolut is attempting to raise $1 billion in a new funding round.
Glean’s Product Chief Moves Into Advisory Role at AI Search Startup
Tamar Yehoshua, a former executive at Google and Slack who joined Glean in March of 2024 as its product chief, has moved out of her day-to-day role.
Nvidia’s $4 Trillion Market Cap Highlights Extreme Concentration in Market
Top 10 companies in S&P 500 now account for 40% of index's market cap and more than a quarter of its earnings
Tesla Sets Annual Meeting For November After Shareholder Pressure
Tesla’s last shareholder meeting was held in June 2024.
Weekday mornings
The Information AM by The Information Staff
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