The Information

Snowflake CEO Sridhar Ramaswamy. Justin Sullivan/Getty Images

Snowflake in Talks to Buy App Monitoring Startup Observe Inc. For Around $1 Billion

By Valida Pau, Kevin McLaughlin and Katie Roof · Dec 23, 2025 4:12pm PST

Snowflake is in talks to buy app monitoring startup Observe Inc. for around $1 billion, which would likely be the biggest deal in Snowflake’s history, according to people with knowledge of the discussions. Observe, based in San Mateo, Calif., sells so-called observability tools that help developers to understand how their applications are... Snowflake is in talks to buy app monitoring startup Observe Inc. for around $1 billion, which...

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Nvidia Restructures Cloud Team After Retreating From AWS Competition

By Anissa Gardizy and Wayne Ma · Dec 22, 2025 12:40pm PST · 1 comment

More than two years after Nvidia CEO Jensen Huang shared his vision to develop a cloud service that could rival Amazon Web Services, he has backed away from competing with such firms and last week reorganized his company’s cloud team, according to several people with knowledge of the organizational change and an internal memo about it. The... More than two years after Nvidia CEO Jensen Huang shared his vision to develop a cloud service...

Art by Mike Sullivan/Getty Images

Microsoft’s Nadella Pressures Deputies to Accelerate Copilot Improvements

By Aaron Holmes, Erin Woo and Amir Efrati · Dec 22, 2025 6:00am PST · 4 comments

A few weeks ago, Microsoft CEO Satya Nadella sent an email to engineering leaders at the company who were working on a consumer version of Copilot, the AI-powered assistant inside several Microsoft products. A Microsoft manager on the email thread noted that Google’s Gemini chatbot had recently gotten better at connecting with Google Drive for... A few weeks ago, Microsoft CEO Satya Nadella sent an email to engineering leaders at the company...

Marlena Sloss/Bloomberg via Getty Images

Salesforce Executives Say Trust in Large Language Models Has Declined

By Aaron Holmes and Kevin McLaughlin · Dec 19, 2025 7:54am PST · 6 comments

Marlena Sloss/Bloomberg via Getty Images

Salesforce Executives Say Trust in Large Language Models Has Declined

By Aaron Holmes and Kevin McLaughlin · Dec 19, 2025 7:54am PST · 6 comments

Over the past year, Salesforce CEO Marc Benioff has touted his company’s main AI product, Agentforce, as a money saver for businesses looking to automate work using the power of large language models. More recently, though, Salesforce executives have delivered a different message to customers: Agentforce sometimes works better when it doesn’t... Over the past year, Salesforce CEO Marc Benioff has touted his company’s main AI product,...

Demis Hassabis, CEO of Google DeepMind. Photo by Chris J. Ratcliffe/Getty Images

Inside the Balancing Act Over Google’s Compute Crunch

By Erin Woo · Dec 19, 2025 6:00am PST · 1 comment

Earlier this year, Google convened a group of its top executives to address what some staffers see as an existential problem: the company doesn’t have enough computer chips for everyone who wants them. A shortage of computing capacity was creating internal tensions, as leaders of Google’s varied product areas struggled to agree on where Google... Earlier this year, Google convened a group of its top executives to address what some staffers...

OpenAI executives Fidji Simo, Sam Altman and Mark Chen. Images via Getty. Art by Clark Miller.

How OpenAI’s Organizational Problems Hurt ChatGPT

By Stephanie Palazzolo, Sri Muppidi and Amir Efrati · Dec 18, 2025 6:00am PST · 8 comments

Over the past year, some OpenAI staffers noticed a concerning change in the way people who used ChatGPT were reacting to improvements in the chatbot. In prior years, every time OpenAI made a big upgrade to the artificial intelligence that powers the chatbot, usage surged as people easily found ways to get useful responses out of it, one employee... Over the past year, some OpenAI staffers noticed a concerning change in the way people who used...

OpenAI CEO Sam Altman. Art by Clark Miller; Getty Images.

OpenAI Has Discussed Raising Tens of Billions at Valuation Around $750 Billion

By Sri Muppidi and Katie Roof · Dec 17, 2025 4:15pm PST · 11 comments

OpenAI has held preliminary discussions with some investors about raising new funding at a valuation of around $750 billion, according to three people with knowledge of the discussions. It could raise tens of billions of dollars, and as much as $100 billion, according to two of the people. Talks are early and nothing has been finalized. A... OpenAI has held preliminary discussions with some investors about raising new funding at a...

Sam Altman. Photo by Yoshikazu Tsuno/ Getty Images

OpenAI, Anthropic Discuss Data Deals With Biotech and Other Companies

By Valida Pau and Stephanie Palazzolo · Dec 17, 2025 6:30am PST

Sam Altman. Photo by Yoshikazu Tsuno/ Getty Images

OpenAI, Anthropic Discuss Data Deals With Biotech and Other Companies

By Valida Pau and Stephanie Palazzolo · Dec 17, 2025 6:30am PST

OpenAI, Anthropic and Google have been on the prowl for specialized data to train their AI models, discussing deals with startups and public companies to license datasets on topics such as genomics. In the last several months, for instance, staff at OpenAI spoke to life sciences diagnostics vendor Revvity, accounting software firm Xero and... OpenAI, Anthropic and Google have been on the prowl for specialized data to train their AI...

Art by Mike Sullivan

Banks Pitching Mega IPOs Like SpaceX Seek to Limit Mass Selling

By Cory Weinberg and Valida Pau · Dec 17, 2025 6:00am PST · 1 comment

Wall Street is gearing up for three potentially record-setting initial public offerings over the next 18 months. The talk among bankers is not about what SpaceX, Anthropic and OpenAI will do on their big days but about what happens after that, when the companies’ existing shareholders try to unload their multibillion-dollar stakes. Each of the... Wall Street is gearing up for three potentially record-setting initial public offerings over the...

OpenAI CEO Sam Altman, left and Amazon CEO Andy Jassy via Getty. Collage by Clark Miller.

OpenAI in Talks to Raise At Least $10 Billion From Amazon and Use Its AI Chips

By Anissa Gardizy, Sri Muppidi, Cory Weinberg and Amir Efrati · Dec 16, 2025 6:19pm PST · 1 comment

Amazon is in talks to invest $10 billion or more in OpenAI, according to three people familiar with the discussions. The valuation would be higher than $500 billion, one of the people said. The Amazon investment would help OpenAI afford some of the commitments it has made to rent servers from cloud providers, including from Amazon Web Services.... Amazon is in talks to invest $10 billion or more in OpenAI, according to three people familiar...

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Waymo Discusses Raising Billions at More Than $100 Billion Valuation

By Katie Roof · Dec 16, 2025 2:29pm PST · 7 comments

Waymo is in early talks with potential investors to raise more money at a valuation of at least $100 billion, according to people familiar with the company’s plans. The size of the round will at least be several billions of dollars, possibly even more than $10 billion, one of the people said. The exact valuation has not been set and the funding... Waymo is in early talks with potential investors to raise more money at a valuation of at least...

Art by Mike Sullivan

Small Bank Critical to Stablecoin Payments Tightens Risk Controls

By Yueqi Yang and Michael Roddan · Dec 16, 2025 6:00am PST

Art by Mike Sullivan

Small Bank Critical to Stablecoin Payments Tightens Risk Controls

By Yueqi Yang and Michael Roddan · Dec 16, 2025 6:00am PST

In just two years, Kansas City, Missouri–based lender Lead Bank has emerged as a major link between stablecoin startups and the traditional financial system, powering billions of dollars of payments around the world. But lately, signs have emerged that both the bank and its stablecoin clients are tightening their risk controls, potentially... In just two years, Kansas City, Missouri–based lender Lead Bank has emerged as a major link...

Elon Musk. Stefani Reynolds/Bloomberg via Getty Images.

Why xAI Has an Uphill Battle Selling Grok to Businesses

By Theo Wayt · Dec 15, 2025 8:00am PST · 12 comments

Elon Musk’s xAI wants companies around the world to buy its Grok AI models as it tries to build a moneymaking business. To get there, xAI has created an enterprise AI sales group over the past half-year that has expanded to more than a dozen people. But xAI’s lack of experience in selling to big businesses is holding many potential customers... Elon Musk’s xAI wants companies around the world to buy its Grok AI models as it tries to build a...

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Data Center Firm Rowan Explores Capital Raising or Sale

By Anissa Gardizy and Valida Pau · Dec 12, 2025 3:24pm PST

A spike of investor interest in the data center sector has prompted one major data center developer, Rowan Digital Infrastructure, to consider whether this is a good time to raise fresh capital or possibly even sell, say people familiar with the company’s thinking. If it were to raise money or sell, it would likely be valued at more than $10... A spike of investor interest in the data center sector has prompted one major data center...

Screenshot via YouTube.

‘ChatGPT for Doctors’ Startup Doubles Valuation to $12 Billion as Revenue Surges

By Stephanie Palazzolo · Dec 12, 2025 1:35pm PST · 3 comments

OpenEvidence, which operates a ChatGPT-like product for doctors to find health information from medical journals and other trusted sources, is raising $250 million in equity financing that will value the three-year-old startup at $12 billion after the investment, doubling its last private valuation from a financing announced just two months ago,... OpenEvidence, which operates a ChatGPT-like product for doctors to find health information from...

Salesforce CEO Marc Benioff via Getty

Salesforce Raises Prices on Apps That Tap Its Data

By Kevin McLaughlin · Dec 11, 2025 12:34pm PST

Salesforce CEO Marc Benioff via Getty

Salesforce Raises Prices on Apps That Tap Its Data

By Kevin McLaughlin · Dec 11, 2025 12:34pm PST

For years, thousands of companies have used Fivetran, a software tool for copying data between various applications and databases, including Salesforce apps. But earlier this year, Salesforce told Fivetran, a startup valued at more than $5 billion, that it would need to connect to Salesforce apps through the software giant’s formal program for... For years, thousands of companies have used Fivetran, a software tool for copying data between...

Photo by Qilai Shen/Bloomberg via Getty Images.

Tencent Poaches ByteDance Researchers as China AI Race Heats Up

By Juro Osawa, Qianer Liu and Jing Yang · Dec 11, 2025 5:00am PST · 1 comment

Throughout the past couple of years, as AI fever swept China’s technology sector, one giant—Tencent—seemed to mostly be sitting on the sidelines. The company, which owns the hugely popular WeChat app, didn’t seem enthusiastic to win a fierce race in the country to develop cutting-edge AI models, competing with the likes of DeepSeek,... Throughout the past couple of years, as AI fever swept China’s technology sector, one...

Sheikh Tahnoun bin Zayed Al Nahyan. Photo by Getty Images

UAE Fund MGX Quietly Becomes One of the Biggest Data Center Financiers

By Miles Kruppa and Anissa Gardizy · Dec 10, 2025 10:06am PST

MGX, a United Arab Emirates–backed fund, is only a year old but has already become one of the biggest data center financiers in the world, leading the largest data center sale negotiated so far and quietly scooping up a stake in another provider with ties to OpenAI. MGX will be the biggest shareholder in Aligned Data Centers, one of the... MGX, a United Arab Emirates–backed fund, is only a year old but has already become one of...

Art by Mike Sullivan

DeepSeek is Using Banned Nvidia Chips in Race to Build Next Model

By The Information Staff · Dec 10, 2025 4:00am PST · 5 comments

DeepSeek, the Chinese AI startup, has been developing its next major model using several thousand Nvidia’s state-of-the-art Blackwell chips which the U.S. has forbidden from being exported to China, according to six people with knowledge of the matter. The chips DeepSeek is using were smuggled into China, the people said, through a convoluted... DeepSeek, the Chinese AI startup, has been developing its next major model using several thousand...

Art by Clark Miller.

China Weighs Nvidia Chip Purchase in Emergency Meetings With Tech Companies

By Qianer Liu · Dec 10, 2025 2:00am PST

Art by Clark Miller.

China Weighs Nvidia Chip Purchase in Emergency Meetings With Tech Companies

By Qianer Liu · Dec 10, 2025 2:00am PST

China on Wednesday gathered its biggest tech giants to discuss whether to allow them to buy Nvidia’s advanced H200 chips, as President Donald Trump’s recent decision to allow the export of the powerful hardware to the country suddenly complicated Beijing’s goal to become technologically self-sufficient. Officials convened a series of emergency... China on Wednesday gathered its biggest tech giants to discuss whether to allow them to buy...