Skims Boosts Valuation to $5 Billion
The apparel brand will use the new funding to help build more brick-and-mortar stores.
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Recent Editions
Elon Musk’s xAI Loses Second Top Lawyer in Three Months
Lily Lim joined xAI in December 2024 and was promoted to head of legal affairs after xAI’s previous top lawyer, Robert Keele, left the company this August.
Meta’s Yann LeCun Plans Departure
The AI pioneer plans to leave in the coming months to form a new startup.
Amazon Merges Ad Buying Tools and Launches Agents for Advertising
The advertising giant is combining tools that had been typically for smaller merchants and large brands, separately
Shares of AI Cloud Firm CoreWeave Drop as Data Center Delay Tanks Revenue Growth
Investors are sensitive to potential snags involving the highly leveraged firm.
SoftBank Sells Entire Stake in Nvidia for $5.83 Billion
SoftBank is selling some of its shareholders to help finance its massive investment in OpenAI.
Apple Explores Adding Second Camera to Next iPhone Air to Boost Sales
The redesign comes after Apple delayed the release of a next-generation iPhone Air, which was meant to launch in fall 2026.
SoftBank-Backed Travel Startup Klook Files for New York IPO
The filing comes at a time when the U.S. government shutdown has caused delays in New York listings.
Grab to Invest $60 Million in Remote Car Operator Vay
Grab could invest a further $350 million if Vay reaches certain milestones in the next year.
Exclusive: Goldman Sachs Hires Citi’s Josh Li for Tech Job
Banks are preparing for a flurry of tech IPOs in 2026 as the IPO market perked up after a three-year drought.
Tesla Shareholders Divided Over xAI Investment, Filing Shows
Fewer than 40% of shareholders overall supported an xAI investment, though more voted in favor of the proposal than against it.
Two Tesla Manufacturing Executives Leave
The departures come days after Tesla shareholders approved Musk’s new $1 trillion compensation package, which is based in part on rapidly scaling up vehicle production and sales.
Singapore’s Grab Invests in Remote-Driving Startup Vay
The deal will enable Vay, which operates a car rental service in Las Vegas using its remote driving technology, to expand its U.S. operations.
DeepSeek Researcher Warns of AI’s Negative Impact in Rare Public Appearance
DeepSeek, which became a global sensation in January, has kept a low profile and executives have avoided public engagements.
OpenAI CEO Altman Says Company Wants to Work With Government on Superintelligence Risks
Altman on Saturday promoted the comments via his X account.
Musk Argues OpenAI Suit Should Go to Trial
Musk’s lawyers argue that he can still sue despite donating through intermediaries.
OpenAI Seeks 35% Chips Tax Credit to Apply Towards AI Data Centers
The company also wants financial incentives for manufacturers to boost AI infrastructure
Banks Line Up $18 Billion Loan for Stargate Data Center
The loan would add to a long list of debt deals being lined up to support OpenAI’s rapidly expanding computing needs.
Buzzfeed Revenues Sinks 17% to $43.6 million
Shares plunge more than 37% as the digital media company shows declines in all its revenue streams
Elon Musk Says Tesla Could Build Chip Fab, Work With Intel
“Even when we extrapolate the best case scenario for chip production from our suppliers, it’s still not enough," Musk said. "So I think we’re probably going to have to build a gigantic chip fab.”
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