Robinhood to Cut 10% of Staff
CEO Vlad Tenev said the company’s financial position is strong but needs to be “lean.”
Weekday mornings
The Information AM
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
Recent Editions
Pentagon Says It Used xAI’s Grok in Iran War as DoJ Fights Data Center Lawsuit
A Grok model is part of a system that "enabled U.S. forces to deploy over 2,000 munitions to 2,000 distinct targets within 96 hours," A Pentagon official said.
Index Startup Ornn Launches Anthropic, OpenAI Token Benchmarks
The announcement comes as the industry searches for more ways to track AI costs.
SpaceX finalizes $60 billion deal to acquire Cursor
The announcement came as SpaceX stock has soared 43% since its IPO.
DeepSeek Closes Record $7 Billion-Plus Funding with Unusual Deal Structure
The deal imposes a five-year lockup on investors' shares and ensures that DeepSeek's CEO will retain absolute control of the company.
Anthropic Discusses Possible Accord With Trump Administration
Top company and White House figures met on Monday.
Nvidia Plans $25 Billion Bond Offering
Even as it prints cash, Nvidia is joining its rivals and customers in the AI debt boom.
Anthropic Sued Over ‘Misleading’ Limits on Premium Subscription Plans
The lawsuit alleges that Anthropic's premium subscription plans deliver less usage than advertised.
Salesforce to Acquire Customer AI Agent Fin for $3.6 Billion
A deal could help Salesforce to win new businesses from enterprises to adopt its own AI offering.
Fox to Buy Roku for $22 Billion
The deal gives Roku shareholders an exit at the highest price at which the stock has traded since the 2020-2022 Covid-fueled surge.
Exclusive: Nvidia Server Marketplace Startup Raises $100 Million at $800 Million Valuation
Part of the company's bet: that GPUs aren't the bottleneck and that compute is becoming a commodity.
Exclusive: Tencent Backs Former Alibaba Researcher’s New AI Lab
Junyang Lin’s new AI lab completed its first fundraising at a post-money valuation of around $2 billion.
Bootleg Market for Reta Reaches At Least $100 Million in Estimated Sales
Retatrutide, a peptide-based weight loss drug, has been hugely popular but hasn't yet won FDA clearance.
Exclusive: U.S. Government Unlikely to Extend Anthropic Export Control to Other AI Companies
The official said the directive was particular to Anthropic's response to its concerns.
Anthropic Suspends Customers’ Access to Latest Models After Government Order
The dramatic standoff comes three days after Anthropic released its latest models publicly.
OpenAI Investigated by State Attorneys General on User Interaction
The state coalition is seeking a wide range of data on how OpenAI's software engages with users.
Roku in Discussions to be Acquired
While Roku's ad revenue has grown steadily—to $2.5 billion in the 12 months to March 31—the streaming video ad market is relatively small and crowded.
Binance, Bybit Cancel SpaceX IPO Allocations After Shortfall
Crypto platforms relied on Kraken-owned xStocks, which issues tokenized SpaceX shares, to get access to the blockbuster IPO.
SpaceX Shares Jump 19% in First Day of Trading
The offering makes SpaceX one of the world’s top 10 most valuable companies with a market capitalization of $2.1 trillion.
Nvidia Pitches Vera CPU to Chinese Customers
CPUs are less directly targeted by US export controls than high-end GPUs.
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