Kalshi Raises $1 Billion at $22 Billion Valuation in Round Led by Coatue
Prediction market Kalshi is doubling its valuation from last December.
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Recent Editions
Jeff Bezos in Raising $100 Billion for AI Manufacturing Fund
The fund will aim to purchase industrial companies in industries such as aerospace, chipmaking and defense
Crypto.com Cut 12% of Workforce, Citing AI
The crypto exchange said it’s using AI to drive efficiency.
Meta to Cut Back on Third-Party Moderators, Rely More on AI
The social media company said AI will increasingly handle moderation of graphic content, scams and other prohibited material on its properties.
Alibaba Aims for $100 Billion Cloud and AI Sales Within Five Years
Alibaba is counting on the growth of its AI services for cloud customers as its core e-commerce business in China stagnates.
Uber to Invest Up to $1.25 Billion in Rivian
The announcement adds Rivian to a range of self-driving partnerships Uber has announced.
Meta to Shutter Horizon VR Environment
The decision follows recent cutbacks in the company's Reality Labs division.
JPMorgan Halts Qualtrics’ $5 billion Debt Deal
The debt deal with JPMorgan was intended to support Qualtrics' planned $7 billion acquisition of data analytics firm Press Ganey Forsta.
Microsoft Grows Concerned That OpenAI-AWS Product May Violate Azure Contract
“We are confident that OpenAI understands and respects the importance of living up to [its] legal obligation,” a Microsoft spokesperson said.
Tencent Confirms WeChat AI Agent Project For “Practical Tasks”
The Chinese tech giant also plans to double investments in developing AI products.
Exclusive: Chinese AI Developer Zhipu to Create New Unit for Product Development
Zhipu, known for its open-source models, is trying to create new sources of revenue by rolling out more competitive AI apps and gadgets.
Beijing Considers Actions Against Meta’s $2 Billion Acquisition of Manus
China’s response to the deal could have a big impact on Chinese tech entrepreneurs building AI products for the global market.
Nvidia Readies New Groq Inference Chips for China
The chip giant will likely face tougher competition in China’s AI inference chip market, where Beijing’s self-sufficiency push has helped domestic chipmakers like Huawei expand market share.
Amazon CEO Jassy Says AWS Could Reach $600 Billion in Sales by 2036
Amazon CEO had previously thought AWS could hit an annualized sales pace of $300 billion over the next ten years, but demand for AI has him thinking bigger.
AI Startup You.com Appoints New CTO After Co-Founder Joins Anthropic
You.com is increasingly going after business customers, putting it into more direct competition with OpenAI, and now it's switching CTOs.
Nvidia Restarting Manufacturing for H200 China Sales, CEO Says
Nvidia’s ability to sell H200 chips to China has been up in the air since December, due to restrictions imposed by both the U.S. and Chinese governments.
Nvidia CEO: Investment Risk in Neoclouds is ‘Extremely Low’
Questions about Nvidia's circular transactions have been mounting as its increases funding for companies that buy its chips.
Microsoft Overhauls AI Leadership, Nadella to Take More Direct Oversight of Copilot
Executives overseeing both consumer- and business-focused versions of Copilot will now form a “Copilot leadership team” reporting to Nadella.
Mastercard to Buy Stablecoin Startup BVNK for Up to $1.8 Billion
The deal represents Mastercard’s biggest move into stablecoins.
Alibaba Consolidates AI Businesses Under New Division Led by CEO
The Chinese tech giant’s reorganization follows the recent departure of a key researcher who led its AI model development.
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
