Kalshi Raises at $5 Billion Valuation Led by Sequoia, a16z
Kalshi and Polymarket each raised fresh funding this month as rivalry heats up.
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Recent Editions
China Opens Antitrust Investigation Into Qualcomm
The probe follows several antitrust cases against other U.S. tech firms including Nvidia and Google.
Reflection AI Raises $2 Billion From Nvidia and Others at $8 Billion Valuation
The deal is a dramatic markup from Reflection’s last private market valuation of $545 million in March.
Coinbase, Mastercard in Talks to Buy Stablecoin Startup BVNK
The sale price for a deal, if it happens, could be between $1.5 billion and $2.5 billion, Fortune reported.
Google, Amazon Launch New Suites in Battle for AI Spending
Google and Amazon are both rebranding AI search and agent-building products in the hopes of getting more of their customers to increase their spending.
OpenAI Tells EU That Big Tech Commpanies Could Stifle Competition
OpenAI reportedly said it faced “difficulties” competing with those companies because of “the lock-in of customers by large platforms."
Murati to Be Deposed, Musk Seeks ‘Brockman Memo’ From Sutskever
Both former OpenAI executives could have information relevant to Musk’s lawsuit against OpenAI.
Shopify General Counsel to Take Over COO Role, Revenue Chief Departs
Prior to joining Shopify, Jessica Hertz held roles in the Biden White House and at Meta.
SoftBank-Owned PayPay Takes 40% Stake in Binance Japan
Japanese mobile payment app PayPay is also gearing up to go public in the U.S.
Andreessen Horowitz Hires Former VMware CEO as General Partner
Raghuram will be a general partner investing in infrastructure and growth startups.
Tesla’s ‘Full Self-Driving’ Probed By U.S. Regulator
Regulators said they’d identified 58 reports of vehicles using the software running red lights and violating other traffic laws
China Tightens Rare Earth Export Controls
Beijing’s new rules for the export of rare earths for semiconductor uses could affect Nvidia’s supply chain.
Elon Musk and X Settle Unpaid Severance Lawsuit from Ex-Twitter Executives
The four executives sued Musk last year over what they said was $128 million in unpaid severance.
Apple and Meta Poised to Settle Antitrust Issues in Europe
The two U.S. tech companies will change business practices
SoftBank Buys ABB’s Struggling Robotics Unit for $5.4 Billion
SoftBank will have to turn around the division.
Data Streaming Firm Confluent Explores Sale
The company attracts takeover interests after losing one-third of its market value in July.
Anthropic to Open India Office Next Year as Local Demand Grows
Competition between OpenAI and Anthropic is heating up in Asia, as both companies accelerate their international expansion.
CoreWeave CEO Says It Won’t Change Core Scientific Bid
A shareholder vote on the all-stock deal is scheduled for October 30.
Nvidia CEO Says Oracle’s AI Cloud Will Be ‘Wonderfully Profitable’
Jensen Huang was responding to a story in The Information, which detailed Oracle’s current margins on GPUs.
Goldman Sachs, JPMorgan Flag Rising Debt Levels at AI Companies
AI-related companies have issued a record $141 billion of debt this year, more than the entire technology, media and telecommunications industry issued in 2024.
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