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126 China’s MiniMax More Than Doubles Revenue in 2025

The Information
Juro Osawa @ The Information 3 place · today 09:00 EDT

China’s MiniMax More Than Doubles Revenue in 2025

Chinese AI developer MiniMax said Tuesday that its revenue more than doubled to $79 million last year, from about $30 million in 2024, driven by the growth of its Hailuo AI video generation app and other products. In its first earnings announcement since its initial public offering in January, ...

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The best mobile tech announced at MWC 2026 so far

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Samsung Brings Digital Home Key to Wallet to Unlock Your Front Door

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Apple Watch Series 11 Hits $299 Low Price on Amazon, Get $100 Off Nearly Every Aluminum Model

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Jackson Chen @ Engadget 1 place · today 10:32 EDT

Anthropic's Claude can now absorb your past conversations with other AI chatbots

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The Information
Theo Wayt @ The Information 2 place · 02/23/2026 15:04 EDT

Elon Musk Says SpaceX is Cutting Starlink Prices

Elon Musk said Monday that SpaceX has been cutting prices for its Starlink satellite internet service to reach more customers. He made the comments in response to an article in The Information on the topic. SpaceX has introduced cheaper plans in the U.S. and other countries in recent months, has ... Read more

2

The Information
Stephanie Palazzolo @ The Information 1 place · 02/23/2026 16:38 EDT

Anthropic Says Chinese Firms Used Claude Data to Improve Models

Anthropic accused Chinese model developers DeepSeek, Moonshot AI and MiniMax of using data from Anthropic’s Claude models to train and improve their own AI. The Chinese model developers created over 24,000 fraudulent accounts and generated over 16 million chats with Anthropic’s Claude model to ... Read more

1

The Information
Anissa Gardizy @ The Information · 02/23/2026 11:00 EDT

What OpenAI’s Stargate Issues Could Teach Anthropic

Over the past year, the running joke in the data center industry—even inside OpenAI—has been that the $500 billion Stargate initiative was less of a master plan than a “vibe.”My reporting this weekend showed how little Stargate resembles the $500 billion effort touted at a White House event just over a year ago. Stargate now has no staff, nor does it have any obvious role in data center development. It... Read more

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The Information
Ann Gehan @ The Information · 02/23/2026 17:23 EDT

Shopify has started arranging for ads to promote its merchants to run in ChatGPT, the company told merchants, in an expansion of Shopify’s existing ad network. The e-commerce software firm buys ad space on various social media sites on behalf of its merchant clients, and charges merchants for ... Read more

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The Information
Valida Pau @ The Information · 02/23/2026 17:23 EDT

Uber to Buy Park App SpotHero

Uber announced Monday that it agreed to acquire SpotHero, an app that enables drivers to reserve parking spaces at garages based on location. The Information first reported in December that Uber was considering an acquisition. Terms of the transaction weren’t disclosed. A deal with SpotHero ... Read more

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The Information
Yueqi Yang @ The Information · 02/23/2026 17:36 EDT

Trump-Linked Stablecoin Briefly Dipped Below $1

The stablecoin launched by President Donald Trump’s family crypto company World Liberty Financial briefly lost its peg to the dollar on Monday, as the company said it faced a “coordinated attack” on its co-founders’ X accounts. The stablecoin, USD1, fell to as low as $0.994 on Monday morning, ... Read more

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The Information
Valida Pau @ The Information · 02/23/2026 17:46 EDT

Exclusive: Cerebras Files Confidentially For a U.S. IPO

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The Information
Martin Peers @ The Information · 02/23/2026 20:00 EDT

Software Quandary: Are OpenAI and Anthropic Frenemies or Foes?

When does a frenemy become a mortal threat? That question should be top of mind for executives atop enterprise software firms, such as ServiceNow, Salesforce and Snowflake, each of which at various times has announced partnerships with OpenAI. And yet OpenAI seems to be doing everything it can to put at least some of these firms out of business. As we reported on Friday night, in a presentation to investors... Read more

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The Information
Laura Bratton @ The Information · 02/23/2026 20:20 EDT

IBM Stock Tanks After Anthropic Says Claude Code Can Modernize Legacy Code

IBM stock dropped 13% on Monday after Anthropic said that its Claude Code tool could be used to automate the modernization of legacy code. IBM mainframes, computers that process a large portion of the world’s financial transactions, run applications written in COBOL, a programming language ... Read more

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The Information
Sri Muppidi @ The Information · 02/23/2026 20:21 EDT

Anthropic Employee Share Sale Said to Reach $6 Billion

Anthropic on Monday launched a share sale to current and former employees who had worked at Anthropic for at least twelve months, according to a person with knowledge of the share sale. The share sale is based on the company’s latest valuation of $380 billion, according to the same person. ... Read more

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