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The Information Finance

By The Information Staff

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Recent Editions

Robinhood CEO Vlad Tenev. Getty Images.
The Information Finance

What AI Trading Agents Are Up to on Robinhood

By Meredith Mazzilli · Jul 22, 2026 11:14am PDT
In the weeks since Robinhood opened its doors to AI agents, customers of the popular financial app have been using agents for everything from research to trading. Now, a key question for Robinhood’s broader revenue opportunity is how much of an edge the technology can give investors.In late May, Robinhood started letting customers connect their... In the weeks since Robinhood opened its doors to AI agents, customers of the popular financial...
Michael Nagle/Bloomberg via Getty Images.
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Coinbase, JPMorgan Partnership Delays Drag On

By Michael Roddan and Yueqi Yang · Jul 15, 2026 8:01am PDT
Last summer, JPMorgan Chase and Coinbase announced a major partnership to tie crypto into the bank’s banking and credit card offerings. The move marked a key endorsement of the top U.S. crypto firm from the biggest bank in the country.  Nearly a year later, none of those features has gone live and the companies haven’t publicly... Last summer, JPMorgan Chase and Coinbase announced a major partnership to tie crypto into the...
Art by Mike Sullivan.
The Information Finance

Trump’s Crypto Legacy Is Remaking Traditional Finance

By Yueqi Yang · Jul 8, 2026 9:12am PDT · 2 comments
At a recent crypto VC lunch I attended in New York, everyone was asked to go around the table and answer the same question: Has Donald Trump, the first pro-crypto president, been good or bad for the industry? The responses were divided. Trump ushered in a friendlier regulatory environment. But he has also been one of the bigger personal... At a recent crypto VC lunch I attended in New York, everyone was asked to go around the table and...
Getty Images.
AI Tokenomics Come For Wall Street
By Meredith Mazzilli · Jul 1, 2026 12:28pm PDT
Getty Images.
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AI Tokenomics Come For Wall Street

By Meredith Mazzilli · Jul 1, 2026 12:28pm PDT
Financial data companies such as FactSet and Moody’s appear to have made progress reassuring investors that they won’t be replaced by finance-focused AI tools. But investors may have new questions these days around how the uncertainty of AI costs will affect usage of these businesses’ products.Investors were spooked when Anthropic and others... Financial data companies such as FactSet and Moody’s appear to have made progress reassuring...
Getty Images.
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What’s a Bet on Kalshi Really Worth?

By Meredith Mazzilli · Jun 24, 2026 11:43am PDT
Finance isn’t exactly known for minting new business models overnight. The industry is heavily regulated, customers are slow to move money and licensing often keeps firms in familiar lanes. Prediction markets are proving a rare exception. Fast-growing U.S. prediction market Kalshi recently topped $2 billion in annualized revenue. At that... Finance isn’t exactly known for minting new business models overnight. The industry is heavily...
The Information Finance Newsletter
Context and explanation for the biggest investments in the industry, with a particular focus on the funding of artificial intelligence.
By providing your email, you agree to The Information’s Privacy Policy
Martin Fichtner, managing director of Temasek. Photo by Edwin Koo/ Getty Images
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Temasek’s $75 Billion AI Bet

By Cory Weinberg · Jun 17, 2026 8:00am PDT
The prescient investor who appears to hold a crystal ball or have a healthy stomach for risk is always a compelling character to write about. These are the Josh Kushners, Peter Thiels and Masayoshi Sons of the world. Love ’em or hate ’em, they’re interesting. At this point of the AI cycle, though, the more important investors to watch might... The prescient investor who appears to hold a crystal ball or have a healthy stomach for risk is...
Art by Clark Miller.
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Elon Musk’s Very Loud IPO Quiet Period

By Dakin Campbell · Jun 10, 2026 10:16am PDT
Good morning! When Elon Musk tweeted details about SpaceX’s agreement with Anthropic late last month, saying the business deal was less durable than advertised, many investors and commentators seized on the fact that the details weren’t in the company’s initial public offering prospectus filed with regulators.They were right to point that out,... Good morning! When Elon Musk tweeted details about SpaceX’s agreement with Anthropic late last...
Photo by Michael Nagle/Getty Images.
Alphabet’s Fine Print Reveals Hidden Cost of the AI Talent War
By Cory Weinberg · Jun 3, 2026 9:23am PDT · 2 comments
Photo by Michael Nagle/Getty Images.
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Alphabet’s Fine Print Reveals Hidden Cost of the AI Talent War

By Cory Weinberg · Jun 3, 2026 9:23am PDT · 2 comments
Alphabet’s plan to sell $80 billion worth of shares, billed as a way to pay for AI infrastructure and compute, is surprising enough, given the capital raise’s size and the fact that the company last raised equity 21 years ago, when Gwen Stefani’s “Hollaback Girl” was the song of the summer. But there’s another eye-catching detail in the offering... Alphabet’s plan to sell $80 billion worth of shares, billed as a way to pay for AI infrastructure...
Art via Getty Images
The Information Finance

Pre-IPO Betting Boom Hits Prediction Markets

By Yueqi Yang · May 27, 2026 8:18am PDT
Most everyday investors can’t buy shares of hot private companies like SpaceX and OpenAI before they go public. With potential mega-IPOs looming this year, prediction markets like Polymarket and Kalshi are turning that hype into tradable bets.  Users are flocking to yes-or-no bets on milestones like valuations and IPO timelines, betting... Most everyday investors can’t buy shares of hot private companies like SpaceX and OpenAI before...
Art by Mike Sullivan.
The Information Finance

Fintech Lenders are Still Learning the Hard Way

By Ann Gehan · May 20, 2026 9:41am PDT
The recent bankruptcy of Parker, a corporate card startup that catered to e-commerce customers, is a good reminder that lending is one of the toughest ways to make money in fintech. Parker had been among the dwindling number of standalone, tech-heavy lenders geared toward small businesses that first sprung up during the fintech funding... The recent bankruptcy of Parker, a corporate card startup that catered to e-commerce customers,...
The Information Finance Newsletter
Context and explanation for the biggest investments in the industry, with a particular focus on the funding of artificial intelligence.
By providing your email, you agree to The Information’s Privacy Policy
Senators Thom Tillis, left, and Angela Alsobrooks. Photos via Getty Images.
The Information Finance

Can Crypto Beat the Banks and Win Over Washington?

By Guest · May 13, 2026 8:00am PDT
This is a critical week for the crypto industry. The most important crypto law ever to hit Congress is about to take a big step forward, and with the crypto market in the doldrums, the timing couldn’t be better.This could be the last chance for the long-delayed bill to become law, as vacations and election season suck up much of the rest of the... This is a critical week for the crypto industry. The most important crypto law ever to hit...
Photo by Michael Nagle/Getty Images
Why SpaceX Might Land in Your Mother’s Index Fund
By Guest · May 6, 2026 8:00am PDT · 3 comments
Photo by Michael Nagle/Getty Images
The Information Finance

Why SpaceX Might Land in Your Mother’s Index Fund

By Guest · May 6, 2026 8:00am PDT · 3 comments
When SpaceX hits the market, likely next month, Elon Musk’s fans will rush to buy shares no matter what the valuation. A few months later, a far different group of investors might also scramble to get shares, and they’ll also buy at any price.Index funds, the favorites of savvy, cost-conscious investors, might be forced to load up on SpaceX... When SpaceX hits the market, likely next month, Elon Musk’s fans will rush to buy shares no...
Craig Warga/The Information.
The Information Finance

The Hidden Risks in AI Funding

By Guest · Apr 29, 2026 8:34am PDT · 1 comment
Bankers and investors, especially when they are sitting in front of an audience, are not shy about offering their opinions. Yet when I asked a panel of money types at our Financing the AI Revolution conference on Monday about risks in the current market, I got near silence.We had been discussing the billions of investment dollars pouring into... Bankers and investors, especially when they are sitting in front of an audience, are not shy...
Michael Intrator, co-founder and chief executive officer of CoreWeave Inc. Photo by Chris J. Ratcliffe/Getty Images
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How CoreWeave Seduced the Bond Market

By Guest · Apr 22, 2026 8:01am PDT
CoreWeave’s shares are up 55% this month, but that rally tells just part of the story about the AI cloud provider. The company has tapped a range of sources for much-needed capital, giving it a commanding role in the AI build-out. CoreWeave’s big fundraising haul—totaling nearly $16 billion—also signals that both stock and debt investors... CoreWeave’s shares are up 55% this month, but that rally tells just part of the story about the...
SpaceX’s Hawthorne, Calif. facility. Ethan Swope/Bloomberg/Getty Images.
The Information Finance

I Helped Pick Stocks for the Dow. I’m Watching the SpaceX IPO Carefully

By Guest · Apr 15, 2026 8:00am PDT · 5 comments
Please join The Information at the New York Stock Exchange on Monday, April 27, for our “Financing the AI Revolution” forum. Hear from top executives and investors on how the rapid build-out of AI is reshaping tech, finance and capital markets. Learn more here.SpaceX’s financial challenges have become clearer in the past week, thanks to new... Please join The Information at the New York Stock Exchange on Monday, April 27, for our “...
The Information Finance Newsletter
Context and explanation for the biggest investments in the industry, with a particular focus on the funding of artificial intelligence.
By providing your email, you agree to The Information’s Privacy Policy
Michael Nagle/Bloomberg via Getty Images.
Nvidia Worth $22 Trillion? This Old-School Financial Model Says Yes.
By Guest · Apr 8, 2026 9:07am PDT · 1 comment
Michael Nagle/Bloomberg via Getty Images.
The Information Finance

Nvidia Worth $22 Trillion? This Old-School Financial Model Says Yes.

By Guest · Apr 8, 2026 9:07am PDT · 1 comment
Nvidia shares should be worth a lot more than they are now—400% more, to be exact. And most software stocks should be worth less—some a lot less—than they are now. You can find assessments like these all over social media, but in this case, they come from one of the most respected quantitative investing models in finance. UBS HOLT is that... Nvidia shares should be worth a lot more than they are now—400% more, to be exact. And most...
Getty Images.
The Information Finance

Did Prediction Markets Cause the Crypto Crash?

By Guest · Apr 1, 2026 8:00am PDT · 2 comments
Please join The Information at the New York Stock Exchange on Monday, April 27, for The Information’s “Financing the AI Revolution” forum. Hear from top executives and investors on how the rapid build-out of AI is reshaping tech, finance and capital markets. Learn more here.On Kalshi, the wildly popular prediction market, bettors assigned just a... Please join The Information at the New York Stock Exchange on Monday, April 27, for The...
Jeff Bezos. Photo via Getty Images
The Information Finance

The Bull Case for AI Just Got Stronger

By Guest · Mar 25, 2026 8:00am PDT · 2 comments
Please join The Information at the New York Stock Exchange on Monday, April 27, for The Information’s “Financing the AI Revolution” forum. Hear from top executives and investors on how the rapid build-out of AI is reshaping tech, finance and capital markets. Learn more here.There’s supply and demand for AI computing power and there’s supply and... Please join The Information at the New York Stock Exchange on Monday, April 27, for The...
Sheryl Sandberg, left, and Nick Clegg were named to the Nscale board last week. Photos by Getty
The Information Finance

Nscale Crashes the Big Leagues of Data Center Developers

By Guest · Mar 18, 2026 8:49am PDT · 1 comment
A year ago, CoreWeave looked like AI’s riskiest play. Then last fall, Oracle stepped in front. More recently, Masayoshi Son’s SoftBank, no stranger to big bets, has borrowed its way to the top.This week, though, a new company took the title as riskiest AI firm: Nscale, a company run by a former coal miner that appears to have been independent... A year ago, CoreWeave looked like AI’s riskiest play. Then last fall, Oracle stepped in front....
Photo by Frederic J. Brown/ Getty Images
What the Iran War Means for the Funding of AI
By Guest · Mar 11, 2026 8:00am PDT
Photo by Frederic J. Brown/ Getty Images
The Information Finance

What the Iran War Means for the Funding of AI

By Guest · Mar 11, 2026 8:00am PDT
For much more on AI finance, please join me and my colleague Cory Weinberg at the New York Stock Exchange on Monday, April 27, for The Information’s Financing the AI Revolution forum. Hear from top executives and investors on how the rapid buildout of AI is reshaping tech, finance, and capital markets. Learn more here.It’s hard to overstate how... For much more on AI finance, please join me and my colleague Cory Weinberg at the New York Stock...