Citi Flags Loss on Russian Divestment
The U.S. bank is selling its business to Renaissance Capital, one of Russia’s oldest investment banks.
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Meta’s Acquisition Values Manus at More Than $2 Billion
The deal offers the startup’s venture capital investors handsome returns less than a year after the Manus AI agent was launched.
Meta Acquires Manus AI Agent
The Singapore-based company was one of the pioneers among startups that launched general-purpose AI agents earlier this year.
Nvidia Completes $5 billion Investment in Intel
The AI chip giant and Intel announced the investment in mid-September, as part of a joint effort to develop "custom data center and PC products."
Trump Family Crypto Firm Fires Auditor Whose License Expired
A crypto company that struck a partnership with the Trump family’s World Liberty Financial has fired an audit firm it hired weeks earlier.
SoftBank to Buy Data Center Investor DigitalBridge for $4 Billion
DigitalBridge owns several data center subsidiaries that are involved in large data center developments globally, including an OpenAI and Oracle “Stargate” project in Wisconsin.
China Issues Draft Rules for Human-Like AI Services
Beijing’s move comes at a time when China is experiencing a rapid proliferation of AI products designed for consumers.
Nvidia Will Pay Groq Backers and Staff at Deal’s $20 Billion Valuation
Groq was valued at $6.9 billion recently, and staff and investors will mostly be paid out quickly.
New Competition for Mag 7 Stocks
Overseas markets trounced U.S. indexes despite growth of giant tech stocks.
Washington Seeks to Boost Control of Power Grid
White House wants to boost AI while keeping electricity prices down.
JPMorgan Freezes Accounts for Risky Stablecoin Payments
The bank has frozen accounts for two startups doing business in Venezuela and other legally risky countries.
Nvidia Agrees to Pay Around $20 Billion to Access Groq’s AI Chip Tech and Hire Its Leaders
The deal is the latest in a string of AI chip startup acquisitions.
Waymo Upgrades Fleet in Response to San Francisco Outage
The robotaxi firm says it is updating its software to give its cars more context about regional power issues.
Binance Promotes Trump Family’s Stablecoin With 20% Yield
The stablecoin, USD1, saw its market circulation rising to nearly $3 billion on Wednesday.
More PE Firms Raise Cash Selling Stakes in Fees, Profits
The GP stakes give outside investors a slice of investment firms' profits and management fees.
VC Partner Midha in Talks to Establish 1 Gigawatt Data Center Venture
Midha was formerly a general partner at Andreessen Horowitz, where he helped the VC firm secure GPUs for its startups.
Intel Shares Fall After Nvidia Halts Chip Manufacturing Test
Nvidia in September invested $5 billion in Intel and said they were collaborating on custom data centers chips.
Snowflake in Talks to Buy App Monitoring Startup Observe Inc. For Around $1 Billion
Businesses could use software tools like Observe's to monitor new AI applications they’re developing.
U.S. Delays Chinese Chip Tariffs Until 2027
The Trump administration is holding off on imposing the chip tariffs as it seeks to ease tensions with Beijing.
Motive Technologies’ IPO Filing Reveals Solid Growth, Growing Losses
The fleet management software-maker grew its revenue by 22% in the six months to September.
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.
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