Broadcom CEO: Tech Giants’ Shift Toward Custom AI Chips Will Accelerate
Broadcom, which helps tech giants like Google and Meta Platforms design custom AI chips, could benefit from the trend.
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Trump Says He’ll Appoint Musk to Lead an Audit of Federal Spending
Tesla CEO has become a vocal supporter of the former president
Billionaire Larry Ellison Will Control Paramount After Skydance Deal Closes
Ellison will control 77.5% of Paramount Global after his son's deal to buy Paramount's current owner and merge Paramount with his Skydance studio closes.
Nvidia Backs Applied Digital, a GPU Data Center and Cloud Startup
Nvidia has also backed CoreWeave, a larger startup that also rents access to its GPUs.
Shares of AI Software Firm C3.ai Drop 17% Despite Stronger Revenue Growth Projection
In response to a question about “lumpy” subscription revenue, CEO Tom Siebel said it would fluctuate between 10% to 20% of total revenue for a while.
Elon Musk’s X Launches New TV App
X hopes to revive its deteriorating advertising business with a new streaming app featuring videos from sports leagues, creators and others.
Uniswap Settles With CFTC Over Leveraged Retail Crypto Trading
The decentralized crypto exchange agrees to pay a $175,000 fine without agreeing or denying the findings.
Andreessen Horowitz Closes Miami Office
Miami startups inked only 71 VC deals in the second quarter, according to PitchBook data.
Safe Superintelligence Inc Raises $1 Billion
Investors in the company include NFDG, Andreessen Horowitz, Sequoia Capital, DST Global and SV Angel.
Microsoft-Inflection Deal Cleared by UK Antitrust Regulator
The regulator found that Microsoft’s deal to hire Inflection’s staff and license its AI should be considered a merger, but was not likely to harm competition.
Alibaba’s Domestic Shopping Sites to Accept Tencent’s WeChat Pay
Alibaba's move to accept rival Tencent's payment service comes after the Chinese government's antitrust crackdown between 2021 and 2022.
Altman’s AI Data Center, Power Project Could Start in U.S.
Altman has said other companies, in addition to OpenAI, would benefit from the project, which would include the build out of data centers, power facilities and chip manufacturing plants to expand AI computing capacity.
DOJ Sends Subpoena to Nvidia as Part of Antitrust Probe
The Information previously reported that the DOJ reached out to Advanced Micro Devices and AI chip startups, to gather information about Nvidia's practices.
TikTok Parent Hikes Share Price in Latest Buyback
ByteDance increased the share price in its latest employee buyback.
Federal Safety Regulator Calls For Investigation Into Shein and Temu
Two commissioners said they want closer regulation of e-commerce to be a top priority.
ByteDance in Talks With Banks for $9.5 Billion Loan
ByteDance has tens of billions of cash on its balance sheet but, like U.S. tech companies, also borrows money.
Disney Pulls Content From DirecTV
The two companies exchanged dueling statements about the issues underlying their dispute.
Intel Considers Selling Altera
Intel has fallen behind on a number of fronts for several years, most recently in AI.
Fidelity Cuts Valuation on X By Another 4%
Fidelity has cut the value of its stake in X by 72% since Elon Musk bought the company, then known as Twitter, in October 2022.
Covariant Founders Will Join Amazon in Latest Acqui-Hire
Amazon said it was hiring Covariant founders Pieter Abbeel, Peter Chen and Rocky Duan and that it was licensing the startup’s robotics foundation models.
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