CoreWeave to raise additional $1.5 billion in debt
The artificial-intelligence chip rental company has soared more than 200% in trading since its March initial public offering
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Recent Editions
Blackstone Pulls Out Of Investor Group for U.S. TikTok Operations
Blackstone has pulled out of a consortium looking to invest in TikTok’s U.S. operations.
Crypto Custody Firm BitGo Confidentially Files for US IPO
Crypto custody firm BitGo joins a growing number of crypto firms capitalizing on the Trump administration’s support to go public this year.
Hackers Exploit Microsoft Flaw in File-Sharing Software
Dozens of companies and government agencies have already been compromised by hackers, according to researchers at Palo Alto Networks.
Figma Sets Tentative IPO Pricing Range
The range is below the $20 billion price at which Adobe wanted to buy Figma but is around what Figma would be valued at in comparison with other software firms.
Musk Plans AI for Kids Called ‘Baby Grok’
The billionaire’s xAI startup has both wowed the industry—and sparked significant controversy.
Trump Aides Considered Cuts to SpaceX Contracts
Following Elon Musk's fiery exit from D.C., the White House reviewed the business it does with Musk's space company.
Trump Sues WSJ For Defamation
The president has filed a libel lawsuit against the Murdoch-owned newspaper over a Jeffrey Epstein story.
U.S. Lawmaker Presses Commerce Over Nvidia’s AI Chip Sales to China
The letter shows that not every U.S. lawmaker is pleased with the decision by the Trump administration to lift the ban on Nvidia's AI chip sales to China.
White House Plans Executive Order Targeting ‘Woke’ AI
The order is among several expected to be announced next week.
Microsoft Cuts Off China Employees from Pentagon Business
The change came several days after ProPublica published an investigation about the program, which raised national security concerns.
President Trump Signs Stablecoin Bill into Law
The crypto industry scored its first major legislative win under Trump.
Meta Won’t Sign EU’s AI Code of Practice
Meta Chief Global Affairs Officer Joel Kaplan called the code overreach.
Substack Raises $100 Million
The new funds will help Substack invest in its app and new creator tools, as well as expand into new markets and the advertising business.
Cursor Blocks China-Based Coders from Accessing U.S. AI Models
China-based developers were able to code with Anthropic and Google models until Cursor’s recent crackdown
OpenAI Commission Recommends Emergency Grants for Civic Organizations
OpenAI's board tasked the commission with forming recommendations for how its nonprofit should operate.
Netflix Generated $11 Billion in Q2 as Profits Grow
Netflix said it had an operating margin of 34.1% during the second quarter, as the company focuses on showing investors its revenue and profit growth.
Uber, Lucid Motors and Nuro to Launch Robotaxis in U.S. Next Year
The three companies’ 20,000 robotaxis will be exclusive to the Uber network
AWS Lays Off Hundreds of Staff Amid Increasing AI Investment
Amazon CEO Andy Jassy said in a companywide memo earlier this month that AI would result in job cuts, and some of the first are affecting Amazon Web Services.
OpenAI Releases ChatGPT ‘Agent’ in Competition with Microsoft
The new agent product will allow users to create and edit spreadsheets and presentations, generate reports and automate tasks using web browsers.
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