Former Top Bank Regulator Michael Hsu Joins Venture Firm
Hsu, former Acting Comptroller of the Currency, is joining Core Innovation Capital.
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Pinterest Acquires Advertising Technology Firm
The acquisition will help marketers better connect their ad campaigns on Pinterest with those running on streaming TV
Broadcom Reports Big AI Chip Revenue Increase
Broadcom forecast that its AI chip revenue would double in its fiscal first quarter, but its overall growth rate would stay the same as the fourth quarter.
OpenAI Releases New Flagship AI Model
The release comes after OpenAI leaders declared a “code red” within the company, telling employees that they had to refocus resources on improving ChatGPT.
AI Software Startup Harness Valued at $5.5 Billion After New Funding
Building AI apps is a complex process thanks to the proliferation of AI coding tools, and startups like Harness aim to make it easier for developers.
Nvidia To Host Summit On Data Center Power Shortage
Companies developing AI data centers powered by Nvidia’s chips are facing power supply problems.
Disney to Invest $1 Billion in OpenAI
The investment is part of a bigger deal in which Disney will license 200 of its best known characters for use in OpenAI's Sora video-generating app.
Trump Says Warner Bros Deal Should Include CNN
Trump expressed dislike for CNN’s leaders and said he wanted to see the company sold.
Andreessen Horowitz Opens First Office in Asia
The venture firm will open an office in Seoul as its crypto arm expands in Asia.
Oracle Says Its AI Cloud Customers Might Bring Their Own Server Chips
The Information first reported that OpenAI was in talks to lease Nvidia chips rather than buy them outright.
Oracle Burned $10 Billion as AI Investments Rise, Shares Fall 11%
The cash burn, unprecedented in Oracle’s history, has prompted the firm to borrow heavily for such projects.
Pinterest Saving 90% on AI Models Through Open Source, Ready Says
Ready said that other CEOs had complained they were spending heavily on "off the shel proprietary software" and weren't getting "the return on investment that they need."
Google Announces AI Partnerships Pilot with News Publishers
The deals will result in new features in Google News, including AI-generated article overviews on the publications’ Google News pages and audio briefings.
China Weighs Nvidia Chip Purchase in Emergency Meetings With Tech Companies
President Trump’s decision to allow the export of Nvidia’s advanced H200 chips to China has complicated Beijing’s push for domestic AI chips.
Nvidia Builds Technology That Could Help Fight Chip Smuggling
A software feature using the technology could help identify banned AI chips smuggled into China.
Amazon Plans to Invest $35 Billion in India by 2030
U.S. tech giants have announced tens of billions of dollars in investments into the South Asian country.
Former Slack CEO Denise Dresser to Join OpenAI as Chief Revenue Officer
Dresser will be responsible for OpenAI’s revenue strategy for business customers
SpaceX on Track to Generate $15 Billion in Revenue This Year
The Elon Musk-led space firm is also expecting to bring in $22 billion to $24 billion next year, according to Bloomberg.
Brookfield, Qatar Form $20 Billion AI Data Center Joint Venture
The venture follows similar moves by Saudi Arabia and the United Arab Emirates to build AI data centers and promote regional adoption.
Analyst Says Trump Approval for Nvidia Sales to China Not Done Deal
Among the big questions is whether the Chinese government will allow local companies to buy Nvidia's advanced chips.
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