Apollo in Talks to Lead $35 Billion Financing of Meta’s AI Data Centers
Meta is in a race against OpenAI and xAI to develop data centers quickly.
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Recent Editions
Stripe Confirms Employee Tender At $91.5 Billion Valuation
Stripe said it was profitable last year, and expected to also be profitable in 2025.
Fed’s Top Banking Regulator Defends Crypto, Fintech Supervision
Michael Barr says the Federal Reserve supports innovation while monitoring risks.
Microsoft Asks Trump to Reverse Biden-Era Chip Export Rules
The Biden-era rules are impeding Microsoft’s plans to build data centers in countries like Poland and India, the company said.
FAA Considers Cancelling Verizon Contract in Favor of Musk’s Starlink
Such a deal would raise questions about conflict of interest.
Warner Bros. Adds DTC Subscribers as TV Business Continues to Drop
The company said it expects its direct-to-consumer segment, which includes Max and Discovery+, to reach 150 million subscribers by the end of 2026.
Mira Murati’s Thinking Machines Lab Discusses Raising $1 Billion
The former OpenAI CTO is building an AI research and product company.
Elon Musk Speaks at Donald Trump’s First Cabinet Meeting
Musk again derided federal employees, who were thrown into confusion over the weekend after the billionaire threatened their jobs.
Snowflake Beats Sales Forecast, CFO Scarpelli to Retire
Snowflake investors seem to think the database provider is well-positioned for a potential boom in AI application development.
Snowflake CFO Steps Down
Michael Scarpelli had been with Snowflake since 2019, joining alongside former CEO Frank Slootman. Both had come from ServiceNow.
Salesforce Growth Stalls Despite AI Push
Salesforce projected revenue growth of 7% to 8% growth in the current fiscal year, which ends January 2026.
Nvidia Projects 65% Revenue Growth in April Quarter on Strong Chip Orders
Despite the results, shares were flat in after-hours trading, though they rose 3.5% in regular trading.
Paramount Posts Streaming Loss in Q4
The company also said it expects to close its sale to David Ellison and Skydance Media during the first half of 2025.
Snowflake Inks Deal With Microsoft for OpenAI Access
Three months after striking a partnership with Anthropic, Snowflake makes another big move to help its customers build AI-powered applications.
AppLovin Stock Falls As Short-Sellers Question Firm’s Ad Tactics
AppLovin was one of the best performing tech stocks last year, thanks to its success in diversifying into the ecommerce ads sector.
Amazon Unveils New Version of Alexa
It’s powered by both Amazon’s in-house Nova large language models as well as models from the AI firm Anthropic.
Bezos Pushes Washington Post Opinion Page To Support Free Markets
Bezos said viewpoints supporting "personal liberties and free markets" are "underserved."
Alibaba to Launch Open-Source AI Video Models
China’s major AI developers are beefing up open-source offerings after the success of DeepSeek.
Instacart Sees Slower Growth Even as Users Increase
The average value of orders dropped as restaurants were introduced
EV Maker Lucid’s CEO Steps Down, in a Surprise
Peter Rawlinson had led the company for 8 years
Weekday mornings
The Information AM by The Information Staff
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