OpenAI to Hold Share Sale at $500 Billion Valuation
The secondary sale, which is still early in its process, is higher than OpenAI’s last private market valuation.
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Runway, Luma Target New Multi-Billion Dollar Fundraises
The talks are a sign of investor enthusiasm for video AI models.
New Federal Proposal Could Ease Drone Deliveries
The FAA plan would replace a more complicated process for seeking approval of commercial drone flights where operators can’t see the unmanned aircraft.
Snap’s Revenue Growth Slows to Just 9%
Snap's ad revenue grew just 4% in the quarter, well below the growth rate reported by other digital ad firms like Meta Platforms and Reddit.
U.S. Charges Two People With Illegally Exporting Chips to China
Chip smuggling has become a big business in recent years, as Chinese firms have used networks of middlemen to get around U.S. export controls on sophisticated Nvidia chips.
OpenAI Releases ‘Open-Weight’ Models
This is the first time OpenAI has released an open large language model since GPT-2 in 2019.
Tesla Shareholders Sue Over Robotaxi, Autonomous Driving Software Claims
The proposed class action alleges that Tesla misled shareholders from 2023 to 2025 when executives made “false and misleading” statements while hyping Tesla’s driving software.
After Leaving X, Linda Yaccarino Named CEO of Weight-Loss Drug Company
Yaccarino will become the CEO of eMed Population Health, which says it provides a "digital health platform for GLP-1/GIP population health management."
New Paramount Skydance Board Will Include Oracle CEO
Oracle CEO Safra A. Catz will join David Ellison and executives from RedBird Capital Partners on the board of Paramount Skydance.
Ex-Tesla CFO Joins Board of Robotics Startup Mytra
Mytra, which makes robots that move and store material in warehouses, is led by several other Tesla alumni.
TSMC Fires Employees for Potential Leak in Chipmaking Technology
Three former employees of TSMC are arrested for allegedly stealing advanced chipmaking technology.
Alibaba Announces AI Makeover of its Mapping App
The move is part of the Chinese tech giant’s push to integrate its AI models into all of its key businesses.
Cognition Offers Buyouts to Windsurf Staff Weeks After Takeover
The offer follows Cognition’s layoffs of about 30 Windsurf staff on Friday
Palantir Reports 48% Revenue Growth, Raises Full-Year Outlook
Most of Palantir’s business comes from government contracts, but the firm showed accelerating growth among US companies.
Blockchain Lender Figure Technology Files Confidentially for IPO
Figure, co-founded by Mike Cagney, makes home loans on its blockchain.
Paramount Streaming Chief to Leave Company
Tom Ryan is one of a number of top Paramount executives who are leaving the company as David Ellison prepares to take over the company.
Crypto Exchange Bullish Seeks Up to $4.2 Billion Valuation in IPO
Bullish, which also owns CoinDesk, targets raising up to $629.3 million in its U.S. IPO.
Amazon Restructures Wondery Podcast Unit as Wondery CEO Leaves
Amazon appears to be backing off its expansion into podcasting.
Tesla Board Grants Elon Musk $23.7 Billion Stock Award
Musk has repeatedly said he wants more control over Tesla, up from the approximately 13% of the company he owns currently.
OpenAI’s Tough Path to GPT-5 Points to Slowing AI Gains
The challenges haven't slowed OpenAI's business growth.
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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