Chime Sets Tentative IPO Price at Around $10.7 Billion
The per-share price of the range, between $24 and $26, is more than 60% below the price at which it sold shares to investors privately in 2021.
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Trump to Withdraw Nomination of Musk-Ally to Head NASA
The decision came after the president learned of Jared Isaacman’s past donations to Democrats.
Nvidia Working on New Chip for China That Can Form Computing Cluster
The new chip, tentatively called the B30, will be part of a new system that can link the chips together so they can work in unison.
Nvidia CEO Meets With Trump Regularly to Influence China Chip Policy
The move comes as Trump’s second term has upended the dynamics of Nvidia’s lobbying efforts, requiring Nvidia CEO Jensen Huang to become more actively engaged.
Palantir Emerges as Trump Administration’s Preferred Data Analytics Firm
The Trump administration, along with Elon Musk's DOGE, have picked Palantir to be the primary provider of data analytics software to the federal government.
Nokia Pension Plan Sells VC Fund Stakes to Lexington Partners
With IPOs in the doldrums, limited partners are finding ways to cash out.
Judge Questions Restrictions on AI in Google Search Closing Arguments
The judge called a potential Chrome divestiture “a little cleaner and a little more elegant and a little less speculative” than some of the other remedies proposed.
Mary Meeker Has a lot to Say About AI
The most famous internet analyst lands a 340-page report that says the world has never seen anything grow as fast as AI.
Musk Says he will Remain ‘Friend and Advisor’ to Trump After DOGE Exit
The president held a joint press conference with Musk in the Oval Office Friday.
Chime Discusses $11 Billion Valuation in IPO
It would be the latest in a string of venture-backed companies to go public at lower valuations than their previous private round of financing.
Microsoft Taps Former Biden, Trump Officials for Senior Legal Roles
The moves show Microsoft’s willingness to forge ties with members of both political parties.
Musk Lieutenant and other DOGE Leaders to Exit Administration
One of the outgoing staffers, Katie Miller, is reportedly going to work for Musk full time.
Meta and Anduril Partner on VR Devices for U.S. Military
The companies have jointly bid on a U.S. Army contract for VR devices, worth up to about $100 million.
Elf Beauty Shares Surge Following Rhode Acquisition
Rhode grew sales to more than $200 million in three years.
Business Insider Lays Off 21% of Staff
The Axel Springer-owned firm said 70% of its business is reliant on website traffic. It wants to reduce that by focusing on areas that it has more control over.
Amazon to License New York Times Material for AI Training, Alexa
Amazon has also touted deals with other publishers including Reuters, Hearst and the Jeff Bezos-owned Washington Post.
Protein Bar Maker David Boosts Valuation to $725 Million
The company first launched sales in September 2024.
Delaware AG Is Hiring Bank in OpenAI Investigation
The bank will help determine the value of the charity that owns OpenAI.
U.S. Toughens Rules For Chip Design Software Sales to China
The U.S. Commerce Department has informed major chip design software vendors about new regulations governing sales to China.
Elon Musk Leaving the Trump Administration
Musk’s tenure in government faced backlash from voters and federal workers.
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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