The Information

Supabase CEO Paul Copplestone. Screenshot via YouTube

Supabase in Talks to More Than Double Its Valuation to $5 Billion

By Katie Roof and Natasha Mascarenhas · Sep 8, 2025 4:00pm PDT

Supabase, a database startup that has benefited from the rise of artificial intelligence-powered coding assistants, is in talks with investors about offers that could raise its valuation to at least $5 billion, according to two people with direct knowledge of the discussions. The investment, if finalized, would more than double its... Supabase, a database startup that has benefited from the rise of artificial intelligence-powered...

OpenAI CEO Sam Altman, left, with Apple CEO Tim Cook at the White House. Photo via Getty

OpenAI Says Its Business Will Burn $115 Billion Through 2029

By Sri Muppidi · Sep 5, 2025 6:32pm PDT · 6 comments

OpenAI recently had both good news and bad news for shareholders. Revenue growth from ChatGPT is accelerating at a more rapid rate than the company projected half a year ago. The bad news? The computing costs to develop artificial intelligence that powers the chatbot, and other data center-related expenses, will rise even faster. As a result, ... OpenAI recently had both good news and bad news for shareholders. Revenue growth from ChatGPT is...

Art by Clark Miller.

How Tech Giants Are Spreading the Risk of the AI Buildout

By Miles Kruppa · Sep 5, 2025 6:00am PDT

Joint ventures. Backstop agreements. Syndicated debt offerings. The richest tech companies and their bankers are developing increasingly complicated financial strategies to meet the soaring demands of funding artificial intelligence. The goal for companies like Google and Meta Platforms is to stay ahead in the AI race while offloading some of... Joint ventures. Backstop agreements. Syndicated debt offerings. The richest tech companies and...

Nvidia CEO Jensen Huang. Art by Clark Miller

Nvidia to Pay $1.5 Billion to Rent Back Its Own Chips From Cloud Startup

By Natasha Mascarenhas and Anissa Gardizy · Sep 4, 2025 12:49pm PDT · 3 comments

Nvidia CEO Jensen Huang. Art by Clark Miller

Nvidia to Pay $1.5 Billion to Rent Back Its Own Chips From Cloud Startup

By Natasha Mascarenhas and Anissa Gardizy · Sep 4, 2025 12:49pm PDT · 3 comments

A small cloud provider for artificial intelligence that’s preparing to go public has secured a major boost from its most important supplier: Nvidia. The chip giant agreed this summer to rent 10,000 of its own AI chips from the cloud firm, Lambda, for $1.3 billion over four years, and a separate $200 million deal to rent 8,000 more Nvidia chips... A small cloud provider for artificial intelligence that’s preparing to go public has secured a...

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Elon Musk’s X Money Plans Stalled by Regulators, Staff Turnover

By Theo Wayt · Sep 4, 2025 7:00am PDT

For decades, one of Elon Musk’s biggest ambitions has been using technology to disrupt and replace traditional banks and payments processors. One of his management obsessions, meanwhile, has been pushing his employees to build things as quickly and cheaply as possible. Inside X, those two ideals are coming into conflict. Musk’s desire for X to... For decades, one of Elon Musk’s biggest ambitions has been using technology to disrupt and...

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Nasdaq Steps Up Scrutiny of Companies Loading Up on Crypto

By Yueqi Yang · Sep 4, 2025 6:00am PDT · 1 comment

Nasdaq is stepping up its scrutiny of companies listed on its exchange that are aiming to get a stock price boost by raising money to buy and hoard crypto, according to company filings and people familiar with the matter. The exchange’s move could slow the crypto boom that is putting increasingly exotic tokens on mainstream markets. The stock... Nasdaq is stepping up its scrutiny of companies listed on its exchange that are aiming to get a...

Lambda CEO Stephen Balaban. Screenshot via YouTube

Nvidia-Backed Cloud Provider Lambda Hires Banks for IPO

By Valida Pau and Natasha Mascarenhas · Sep 3, 2025 1:56pm PDT

Lambda, a cloud provider that rents out Nvidia graphics chips for artificial intelligence, has hired investment banks to prepare for an initial public offering in the U.S., according to people with direct knowledge of the talks. The San Jose, Calif.-based startup has hired Morgan Stanley, J.P. Morgan and Citi to prepare for a listing as soon as... Lambda, a cloud provider that rents out Nvidia graphics chips for artificial intelligence, has...

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Google Ramps Up AI Chip Competition with Nvidia

By Anissa Gardizy and Miles Kruppa · Sep 3, 2025 6:00am PDT · 4 comments

Photo via Getty

Google Ramps Up AI Chip Competition with Nvidia

By Anissa Gardizy and Miles Kruppa · Sep 3, 2025 6:00am PDT · 4 comments

Google is one of the largest buyers of Nvidia’s artificial intelligence chips, which it rents out to Google Cloud customers such as OpenAI and Meta Platforms. But Google’s grand ambitions for its own competing AI chips show no sign of slowing down. In the latest example, Google recently approached small cloud providers that primarily rent out... Google is one of the largest buyers of Nvidia’s artificial intelligence chips, which it rents out...

Anysphere CEO Michael Truell. Screenshot via YouTube, art by Clark Miller.

OpenAI and XAI Show Interest in Cursor’s Coding Data

By Natasha Mascarenhas · Sep 2, 2025 6:00am PDT

Startups that sell artificial intelligence–powered coding assistants such as Cursor have created some of the fastest-growing businesses in Silicon Valley, making them ripe acquisition targets for OpenAI and other large AI developers. So far, Cursor’s owner Anysphere isn’t selling. Instead, potential acquirers such as OpenAI, xAI and... Startups that sell artificial intelligence–powered coding assistants such as Cursor have...

Art by Clark Miller

DOGE Is Using AI to Target SEC Regulations for Cutting

By Sylvia Varnham O'Regan · Sep 1, 2025 6:00am PDT · 3 comments

Staff at the Securities and Exchange Commission are using artificial intelligence to identify rules and regulations to potentially cut, as President Donald Trump’s administration wages a tumultuous campaign aimed at limiting financial regulators and sidelining staff it views as not aligned with its priorities. Employees associated with the... Staff at the Securities and Exchange Commission are using artificial intelligence to identify...

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StubHub Missed Financial Targets Ahead of IPO

By Cory Weinberg · Aug 30, 2025 7:00am PDT · 1 comment

Even as StubHub makes a renewed push to go public, its business isn’t expanding as quickly as it had hoped. In the first half of this year, the ticketing app fell short of revenue and profit projections it shared with lenders earlier this year, in part due to new U.S. ticket pricing rules. The shortfall highlights the volatile nature of the... Even as StubHub makes a renewed push to go public, its business isn’t expanding as quickly as it...

Art by Clark Miller

Meta’s AI Leaders Discuss Using Google, OpenAI Models in Apps

By Kalley Huang and Stephanie Palazzolo · Aug 29, 2025 4:47pm PDT

Art by Clark Miller

Meta’s AI Leaders Discuss Using Google, OpenAI Models in Apps

By Kalley Huang and Stephanie Palazzolo · Aug 29, 2025 4:47pm PDT

Meta Platforms’ plans to improve the artificial intelligence features in its apps could lead the company to partner with Google or OpenAI, two of its biggest AI rivals. Leaders in Meta’s new AI organization, Meta Superintelligence Labs, have discussed using Google’s Gemini model to provide conversational, text-based answers to questions that... Meta Platforms’ plans to improve the artificial intelligence features in its apps could lead the...

CEO and founder of OpenEvidence, Daniel Nadler. Screenshot via YouTube.

‘ChatGPT for Doctors’ Startup Considers $6 Billion-Valuation Investment

By Stephanie Palazzolo and Natasha Mascarenhas · Aug 29, 2025 4:00pm PDT · 2 comments

OpenEvidence, which operates a ChatGPT-like product for doctors to find health information, is considering multiple investment offers valuing the three-year-old startup at $6 billion, nearly double its private valuation from a financing just one month ago, according to three people involved in the potential deal. The funding conversations are... OpenEvidence, which operates a ChatGPT-like product for doctors to find health information, is...

Art via Mike Sullivan

DeepSeek Opts for Huawei Chips to Train Some Models

By Qianer Liu and Juro Osawa · Aug 29, 2025 6:00am PDT

DeepSeek, one of China’s leading artificial intelligence developers, has decided to use Huawei Technologies’ AI chips to train some of its AI models, a sign it is reducing its reliance on Nvidia chips, according to three people with knowledge of the effort. The move follows pressure by the Chinese government on local tech companies to use... DeepSeek, one of China’s leading artificial intelligence developers, has decided to use Huawei...

Edo Liberty, founder and CEO of Pinecone. Screenshot via TedAI San Francisco.

Top-Funded AI Database Startup Pinecone Considers a Sale

By Valida Pau, Stephanie Palazzolo and Kevin McLaughlin · Aug 28, 2025 6:05pm PDT · 1 comment

When the artificial intelligence boom began a few years ago, investors flocked to startups that helped businesses transform and store proprietary data in a format AI could understand, known as a vector database. The technology allowed businesses to use a customized AI chatbot to search or analyze their customer and sales information. Since then,... When the artificial intelligence boom began a few years ago, investors flocked to startups that...

Art by Mike Sullivan

How Google Is Preparing to Make Ad Tech Unit Independent

By Catherine Perloff · Aug 28, 2025 6:00am PDT

Art by Mike Sullivan

How Google Is Preparing to Make Ad Tech Unit Independent

By Catherine Perloff · Aug 28, 2025 6:00am PDT

Less than a month from now, a federal court in Virginia will begin hearing an antitrust case that could determine whether Google has to spin off part of its advertising tech business into an independent company. But Google isn’t waiting for the decision to help that group become a more viable stand-alone business. Last month, for example, Google... Less than a month from now, a federal court in Virginia will begin hearing an antitrust case that...

Nvidia CEO Jensen Huang, left, and Vast Data CEO Renen Hallak. Photos via Getty

How Nvidia Anointed a Data Storage Startup as an AI Darling

By Kevin McLaughlin, Valida Pau and Anissa Gardizy · Aug 27, 2025 6:00am PDT · 1 comment

Nvidia reshaped the cloud computing market by giving upstart cloud providers a lot of artificial intelligence chips. Now it is extending its influence into another cloud field: data storage. Nvidia has invested multiple times in Vast Data, which sells software to firms such as Elon Musk’s xAI and videoconference maker Zoom for storing data in a... Nvidia reshaped the cloud computing market by giving upstart cloud providers a lot of artificial...

OpenAI CEO Sam Altman. Art by Clark Miller; image via Getty.

OpenAI Employee Stock Sale Could Rise to $8 billion

By Sri Muppidi · Aug 26, 2025 7:19pm PDT

OpenAI’s plan to allow employees and former staff to sell $6 billion in private stock to investors was already slated to become one of the biggest such employee tenders in Silicon Valley history. Now, that sale could be even bigger. The ChatGPT maker will allow current and former employees to sell up to $8 billion at a valuation of... OpenAI’s plan to allow employees and former staff to sell $6 billion in private stock...

Tim Cook, left, and Eddy Cue. Photos via Getty. Art by Mike Sullivan

Apple’s Aversion to Big Deals Could Thwart Its AI Push

By Aaron Tilley, Wayne Ma and Valida Pau · Aug 26, 2025 7:00am PDT · 5 comments

This summer, investment bankers came knocking on Apple’s door with a pitch: Was the iPhone maker interested in doing a major acquisition or some other kind of deal in artificial intelligence? So far, the only answer it has given them is: not so much. In the current AI frenzy, nearly all of Apple’s peers in big tech have thrown open their... This summer, investment bankers came knocking on Apple’s door with a pitch: Was the iPhone maker...

Neil Shen, founding partner of HongShan. Photo via Getty

Neil Shen’s HongShan Is Slow to Deploy Its $9 Billion Capital, Looks for Deals Outside China

By Jing Yang and Juro Osawa · Aug 26, 2025 6:00am PDT · 1 comment

Neil Shen, founding partner of HongShan. Photo via Getty

Neil Shen’s HongShan Is Slow to Deploy Its $9 Billion Capital, Looks for Deals Outside China

By Jing Yang and Juro Osawa · Aug 26, 2025 6:00am PDT · 1 comment

When venture capital giant Sequoia decided to carve off Sequoia China two years ago in response to growing tensions between the U.S. and China, the newly independent China firm was expected to continue pouring its huge funds into Chinese startups. Renamed HongShan (Mandarin for Sequoia), the firm had only a year earlier raised what was then a... When venture capital giant Sequoia decided to carve off Sequoia China two years ago in response...