OpenAI In Talks To Raise $6.5 Billion at $150 Billion Valuation
The fundraising effort comes at OpenAI looks to make up for its growing losses, which could balloon to up to $5 billion this year.
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Amazon Web Services to Spend $10.5 Billion in U.K.
Amazon has announced plans to spend more than $100 billion on data centers globally in the coming years.
Bitcoin, Coinbase Shares Fall After Trump-Harris Debate
Prediction markets show odds shifting in favor of Harris after the presidential debate.
Harris Attacks Trump on Chip Exports, Says U.S. Must ‘Win the Race on A.I.’
In a televised debate, Trump rebuffs criticism by decrying loss of manufacturing jobs
Amazon Continues to Drive Streaming Ad Prices Down, Says Fox CEO
Fox Corp. CEO Lachlan Murdoch said Amazon's decision to bring ads to Prime Video has flooded the streaming ad market with new inventory.
European Court of Justice Rules Against Apple and Google on Penalties
Apple will have to pay 13 billion euros in back taxes to Europe, while Google will have to pay a fine of 2.4 billion euros related to an antitrust ruling.
Alibaba Stock Added to Mainland China Trading Links
The inclusion in the program enables mainland Chinese investors to trade the company’s stocks.
Huawei Unveils Tri-Fold Phones to Challenge iPhone in China
Huawei's newest smartphone uniquely folds twice and could eat up more of Apple’s market share in China despite U.S. sanctions and a hefty price tag.
OpenAI, Google Employees Support California AI Bill
OpenAI officially opposes the regulationbut said employees should “feel free to” sign support letter.
Second Google Antitrust Trial Begins
A federal judge in Virginia on Monday heard opening statements in the U.S. government’s antitrust case against Google’s advertising technology business.
Shopify Adds PayPal as Payment Processor in the U.S.
The deal is a big win for PayPal, though Shopify says Stripe remains its primary payment processor.
X Hires New Global Head of Marketing
X, formerly known as Twitter, has hired Angela Zepeda, a former CMO of automaker Hyundai.
Oracle Data Center Revenue Accelerates, Thanks to AI Business
The database pioneer’s cloud server rental revenue rose 45% to $2.2 billion in the quarter ending Aug. 31 compared to the same period a year ago.
Apple Shows Off AI-Powered iPhones, Watch
At an event, Apple played up the abilities of Apple Intelligence.
Musk’s AI Startup Has Discussed Tesla Deal
The potential deal would be the latest connection within Elon Musk's corporate empire.
Palantir, Dell Join S&P 500 Index as AI Revenue Boosts Their Shares
The move will buoy shares of both companies as inclusion in the index makes them part of more people's passive investments.
Launch of New Rocket From Bezos’ Blue Origin Delayed
After a decision by NASA, the first launch of Blue Origin’s New Glenn rocket is planned for November instead of October.
Qualcomm Said to Consider Buying Intel’s PC Design Business
A bruising second quarter for Intel could set the conditions for a sell-off.
U.K. Objects to Google’s Ad Practices
The UK Competition and Markets Authority alleged that Google is using anti-competitive practices to advantage its own ad exchange.
Google Antitrust Punishment May Not Be Decided Until August 2025
Federal antitrust lawyers will have plenty of time to propose punishments such as forcing Google-parent Alphabet to carve off businesses.
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