XAI in Talks to Raise $15 Billion at a $230 Billion Valuation
The round would more than double its last valuation.
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Recent Editions
Crypto Exchange Kraken Filed Confidentially for IPO
The exchange is moving ahead with its plan to list despite a recent-sell of crypto-related stocks.
Target Plans to Launch App For ChatGPT
The partnership is another model for how OpenAI can partner with large retailers on commerce features.
Elon Musk’s xAI to Build 500 MW Data Center With Saudi Arabia’s Humain
Musk appeared onstage with Nvidia CEO Jensen Huang at a U.S.-Saudi business conference in Washington, D.C. on Wednesday, where he briefly mentioned the deal.
Brookfield Plans $100 Billion in AI Purchases
Kuwait’s $1 trillion sovereign wealth fund and Nvidia will invest in a new Brookfield Artificial Intelligence Infrastructure Fund.
Larry Summers Resigns From OpenAI Board Amid Epstein Scandal
Summers said on Monday he would be stepping back from public commitments in the wake of the Epstein emails.
Adobe Agrees to Buy Semrush in $1.9 Billion Deal
Shares of Adobe have fallen more than 20% this year, as investors grow wary of the impact of artificial intelligence on the design giant.
Google Releases Gemini 3.0 Model
The new model has improved on its predecessor on all major AI benchmarks, including reasoning and solving problems involving mediums other than text.
Cloudflare Back Online After Software Glitch Triggers Major Outage
Cloudflare, which operates a content delivery network used by many major websites, apologizes for an outage that took down retail, food delivery and other services.
Kraken Raises Funding From Citadel Securities at $20 Billion Valuation
The crypto exchange has raised $800 million this year ahead of its planned IPO next year.
John Hegeman Steps Down as Meta’s Chief Revenue Officer
Clara Shih, head of the business AI unit, is also leaving the company
Meta Wins FTC Antitrust Case
Meta CEO Mark Zuckerberg testified in the case earlier this year.
Microsoft, Nvidia Invest in Anthropic; Anthropic to Spend $30 Billion on Azure
Anthropic’s existing shareholders include Amazon and Google, and it has primarily relied on cloud servers from those two firms to run its models.
Databricks in Talks to Raise Capital at Valuation Above $130 Billion
The possible capital raise reflects investor interest in companies providing cloud software to AI developers.
Larry Summers to Withdraw from Public Roles Over Epstein Links
Summers has been a member of OpenAI’s board of directors since 2023
Exclusive: Murati’s Thinking Machines Aims to Raise Up to $5 Billion
The funding would more than triple the money it's raised.
Online Marketplace Faire Announces Employee Share Sale At $5.2 Billion Valuation
The company said its sellers would facilitate more than $3 billion in product sales this year.
Amazon Sells $15 Billion in Bonds
The bond sale follows similar moves by other tech companies, most obviously Meta Platforms earlier this month.
Bezos Founds New AI Startup With Over $6 Billion in Funding
The project marks the first time Bezos has taken on a formal operational role since stepping down as Amazon’s CEO in mid-2021.
Japan’s Sakana AI Worth More Than $2.6 Billion After New Round
The Tokyo-based startup’s backers include U.S. venture capital firms such as Khosla Ventures and New Enterprise Associates.
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