Kalshi Sued Over Prediction Market Connected to Iran War
A class-action suit claims Kalshi failed to properly pay out to users who bet over the exit of the country’s supreme leader.
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OpenAI Robotics Head Quits Over Defense Dept. Deal
Caitlin Kalinowski said the terms of OpenAI’s agreement with the military “deserved more deliberation.”
Alphabet Grants Sundar Pichai Stock Awards Worth Up to $686 Million
The latest grants include stock units in Alphabet's Waymo and drone delivery business Wing, a sign Alphabet is considering spinning both off eventually.
SoftBank Seeks $40 Billion Loan for OpenAI Investment
SoftBank said last month it planned to initially fund its new $30 billion investment in OpenAI through bridge loans and “other financing arrangements."
OpenAI Will Not Expand Abilene Data Center, Nvidia Tries to Recruit Meta to Site
Oracle has leased eight buildings in Abilene for OpenAI, with the capacity to hold around 400,000 Nvidia Blackwell GPUs when completed.
Exclusive: Morgan Stanley Hires Senior Citi Tech Banker Niall Cannon
The departure is a loss to Citi’s senior ranks.
Microsoft, Google, Amazon to Keep Selling Anthropic to Customers Other than the Pentagon
The cloud firms said they determined that the Pentagon’s designation doesn't mean it needs to sever all business ties with Anthropic.
Anthropic CEO Apologizes for Internal Memo Lashing Out at Trump
Amodei said he apologized for “the tone of the post,” adding: “It does not reflect my careful or considered views.”
Consumer Tech Shares Rise Following OpenAI Shopping Shift
OpenAI’s reversal reduces the possibility it will undercut apps like Expedia by letting consumers make purchases directly in ChatGPT.
Commerce Department Shoots Down U.S. Draft Rules For Reviewing Nvidia AI Chip Exports
The proposed rules would have increased the Trump administration's gatekeeper role over AI globally.
Pentagon Officially Tells Anthropic It Is a Supply Chain Risk
The formal announcement follows the Defense Secretary's warning on social media last week.
Oracle Plans Jobs Cuts as Data Center Spending Rises
Oracle also told employees this week that it plans to reconsider whether it needs to fill some open positions in its cloud unit.
Broadcom Projects Rapid Growth in AI Chips
CEO Hock Tan projected that AI chip revenue would surge 140% to $10.7 billion in the April quarter, thanks to strong demand for Google's latest TPU.
OKX Raises Funding From NYSE Parent at $25 Billion Valuation
NYSE parent eyes distributing stock tokens to OKX’s global users.
Alibaba Launches AI Model Task Force as Top Researcher Resigns
The departure of Junyang Lin has sparked doubts about the future of Alibaba’s AI development.
The Trade Desk Shares Jump After OpenAI Report
The ad tech firm has held preliminary discussions about a partnership with OpenAI that could grow the ChatGPT maker's ad business.
Anthropic CEO Says Refusal to Praise or Donate to Trump Contributed to Its Pentagon Conflict
He also called OpenAI employees a 'gullible bunch.'
Kraken Becomes First Crypto Firm to Get Fed Access
Banks are pushing back against the Fed’s move to grant access to crypto firms.
Google’s Gemini Encouraged User’s Suicide, Lawsuit Alleges
A Florida father is suing Google after his son died by suicide after Google’s Gemini chatbot allegedly encouraged him to do so.
Exclusive: Ex-Google DeepMind Researchers Raising $100 Million to Build ‘World Models’
Called Embo, the startup aims to develop AI models that help robots perceive and take actions in real-world environments.
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