Sierra in Talks to Raise $350 Million at $10 Billion Valuation
The financing would more than double its last valuation.
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Recent Editions
OpenAI Increases Employee Share Sale to $10.3 Billion
Some current and former employees can sell up to $30 million
Nvidia-backed Cloud Startup Hires Bankers for IPO
The San Jose, Calif.-based startup has hired Morgan Stanley, J.P. Morgan and Citi.
Polymarket Set to Launch in U.S.
The prediction market cleared a regulatory hurdle with the CFTC to return to the U.S.
You.com Completes Cox-Led Fundraising at $1.5 Billion Valuation
Earlier You.com investors Georgian, Salesforce Ventures and Norwest also participated in the funding round
Figma Shares Swoon on Decelerating Revenue Growth Forecast
The company's stock plunged after it forecast decelerating revenue growth in the coming quarter.
Salesforce Breaks Low-Growth Streak But Projects Worse Results in October Quarter
The company hasn't reported a boost from AI the way its peers have.
XAI CFO Leaves After Months on Job
Mike Liberatore had joined xAI as CFO in April and left in July.
Exclusive: KKR Taps Former AWS CEO Selipsky to Advise on Data Centers
Selipsky will advise on strategy, capital allocation and governance for KKR’s $179 billion real assets business
U.S. Restricts TSMC’s Chipmaking Tools Shipment to China
The move is part of Washington’s effort to limit China’s access to key U.S. technology.
Nvidia Acquires Coding Startup Solver
The startup had raised $8 million in financing from investors.
Antitrust Judge Bars Google From Exclusive Deals But Lets It Keep Chrome
An antitrust judge rejected the Justice Department’s most drastic proposals for how Google’s search business should be overhauled to make up for its illegal monopoly.
OpenAI Acquires Product Analytics Startup Statsig for $1.1 Billion
With the acquisition, Statsig CEO Vijaye Raji will become OpenAI’s CTO of Applications, reporting to Fidji Simo, the CEO of Applications.
Amazon Consolidates Prime Membership Sharing Programs
The e-commerce giant is ending an older program that allowed Prime members to share their free shipping perks.
Anthropic Raises $13 Billion at $170 Billion Valuation
Venture firm Iconiq led the Series F fundraising round.
Klarna Sets IPO Pricing Range
Most of the shares to be sold in the Klarna IPO are held by investors, such as Sequoia and Silver Lake.
Meta’s AI Leaders Discuss Using Google, OpenAI Models in Apps
The deals are likely stopgap measures as it improves its own models.
OpenEvidence Considers Offers Valuing Health AI Startup at $6 Billion
The funding interest comes as ChatGPT creator OpenAI gears up to develop products related to the healthcare sector.
OpenAI Discusses India Data Center
CEO Sam Altman could announce the facility when he visits the country this month.
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