Walmart Boosts Outlook, Says Consumer Demand Remains Resilient
The retail giant’s shares closed up more than 6% Thursday.
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Deel Labeled Alleged Spy Payment As Expense
The cash was sent to an alleged spy inside rival firm Rippling 56 seconds later, court documents show.
Salesforce’s Slack to Stop Direct Service in China, Farm Out to Alibaba
Salesforce is the latest U.S. company to separate its service to China customers, due to data privacy and security laws in mainland China.
Nvidia Doubles Cloud Spending Commitment to $26 Billion
Nvidia said it might not use all of the capacity.
Luma Raises $900 Million in Investment Led by Humain
Humain also announced a 2 GW cluster that Luma will use to run its models.
Nvidia Says AI Chip Revenue Growth is Accelerating
The results could ease some broader investor concerns about AI.
XAI in Talks to Raise $15 Billion at a $230 Billion Valuation
The round would more than double its last valuation.
Crypto Exchange Kraken Filed Confidentially for IPO
The exchange is moving ahead with its plan to list despite a recent-sell of crypto-related stocks.
Target Plans to Launch App For ChatGPT
The partnership is another model for how OpenAI can partner with large retailers on commerce features.
Elon Musk’s xAI to Build 500 MW Data Center With Saudi Arabia’s Humain
Musk appeared onstage with Nvidia CEO Jensen Huang at a U.S.-Saudi business conference in Washington, D.C. on Wednesday, where he briefly mentioned the deal.
Brookfield Plans $100 Billion in AI Purchases
Kuwait’s $1 trillion sovereign wealth fund and Nvidia will invest in a new Brookfield Artificial Intelligence Infrastructure Fund.
Larry Summers Resigns From OpenAI Board Amid Epstein Scandal
Summers said on Monday he would be stepping back from public commitments in the wake of the Epstein emails.
Adobe Agrees to Buy Semrush in $1.9 Billion Deal
Shares of Adobe have fallen more than 20% this year, as investors grow wary of the impact of artificial intelligence on the design giant.
Google Releases Gemini 3.0 Model
The new model has improved on its predecessor on all major AI benchmarks, including reasoning and solving problems involving mediums other than text.
Cloudflare Back Online After Software Glitch Triggers Major Outage
Cloudflare, which operates a content delivery network used by many major websites, apologizes for an outage that took down retail, food delivery and other services.
Kraken Raises Funding From Citadel Securities at $20 Billion Valuation
The crypto exchange has raised $800 million this year ahead of its planned IPO next year.
John Hegeman Steps Down as Meta’s Chief Revenue Officer
Clara Shih, head of the business AI unit, is also leaving the company
Meta Wins FTC Antitrust Case
Meta CEO Mark Zuckerberg testified in the case earlier this year.
Microsoft, Nvidia Invest in Anthropic; Anthropic to Spend $30 Billion on Azure
Anthropic’s existing shareholders include Amazon and Google, and it has primarily relied on cloud servers from those two firms to run its models.
Databricks in Talks to Raise Capital at Valuation Above $130 Billion
The possible capital raise reflects investor interest in companies providing cloud software to AI developers.
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