OpenAI Says Musk Wanted For-Profit Structure
OpenAI said that in 2017, Elon Musk created a public benefit corporation and asked OpenAI's leaders to shift to that new corporation.
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Judge Rules ByteDance Accuser Committed Perjury
The former engineering manager had accused ByteDance as operating as a "propaganda tool" for the Chinese Communist Party.
AI Video Startup Runway Expects to Triple Revenue Next Year
The startup sells AI editing software and also trains its own video models.
Justice Dept. Asks Court to Reject TikTok Injunction Request
TikTok had requested a temporary halt to a ban while it appealed to the Supreme Court.
Amazon to Donate $1 Million to Trump Inauguration
Jeff Bezos, the founder and chairman of the company, is also expected to meet Trump next week.
Broadcom Shares Boom on Explosive AI Chip Growth Projection
Shares rose more than 11% in after-hours trading.
Google Announces Android XR Operating System, Headset with Samsung
The launch puts Google in competition with Meta, which has also created an operating system for XR devices.
ServiceTitan Enjoys Big First Day Pop
The software firm cashed in on the increasing investor interest in software stocks and the generally bullish stockmarket environment.
OpenAI Data Center Provider Crusoe Raises $600 Million
The company is developing a large data center campus in Abilene, Texas, which The Information has reported will be used by Oracle and OpenAI.
a16z Crypto Policy Head Emerges as CFTC Chair Contender
Brian Quintenz served as a commissioner of Commodity Futures Trading Commission from 2017 to 2021.
YouTube TV Hikes Prices by $10 Per Month
The internet-based TV service will now cost $82.99 per month and has more than doubled its base price over the past six years.
Donald Trump Says He Will Meet With Jeff Bezos
“Jeff Bezos is coming up next week,” Trump said on CNBC.
Walmart-Backed Fintech Scores New Funding, Will Launch Credit Card
The fintech, called One, added installment and credit builder loans this year.
BuzzFeed Sells ‘Hot Ones’ Maker for $82.5 Million
BuzzFeed said the all-cash deal, combined with the cash it already has on hand, will give it enough money to cover its debt obligations.
WBD Takes a Step Towards Breaking In Two
WBD said creating two separate divisions to house its TV networks on one side and its streaming and studio operations on the other could "create potential opportunities" to unlock value.
Huawei’s Latest Smartphone Chip Still Uses Older Chipmaking Technology
The incremental update to the chip suggests that advancements in China’s chip-making abilities have slowed.
Echo AI, Startup Featured on Takeover List, Sold to Software Provider
Echo AI had been generating revenue from AI software that analyzes customer conversations.
Circle, Binance Enter Partnership to Push for USDC Adoption
Circle’s USDC stablecoins will be more widely available across Binance’s products and services
Stitch Fix Shares Surge After Online Styling Site Boosts Outlook
CEO Matt Baer said the company plans to return to revenue growth by the end of fiscal 2026.
Google Announces Second Generation of Gemini AI Models
Google also announced an update to its AI assistant, a new computer-using agent and a new AI coding assistant.
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