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Dragoneer, Greenoaks, Sequoia Capital and Altimeter Capital have agreed to co-lead a $30 billion round of funding into Anthropic at a $900 billion valuation before the money, according to a person with knowledge of the discussions. The investment nearly triples its last valuation of $350 billion ...
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An East Bay apartment complex has been bought at a price that's well below its prior value. Read more âș
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A PG&E Corp. unit has bought a San Jose building in a move to bolster the utility's South Bay operations. Read more âș
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Tata Consultancy Services (TCS) a global leader in IT services, consulting, and business solutions, that operates a global delivery centre in Letterkenny, Co. Donegal, has announced a multi-year strategic partnership with Tottenham Hotspur Football Club. Under this engagement, TCS will serve as the Clubâs Digital Transformation Partner, delivering advanced solutions across fan engagement, club operations [âŠ] Read more âș
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Meta has paused an internal AI training program after employee conversations, keystrokes, transcripts, and performance-related data were reportedly exposed across the company. Read more âș
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The Education Department's inspector general released a new report detailing how key offices overseeing federal student loans have been cut. Read more âș
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The Commodity Futures Trading Commission (CFTC) has taken Kentucky to federal court, accusing the state of overstepping its authority in⊠Continue reading CFTC sues Kentucky over prediction markets amid regulatory battle Read more âș
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The Information
Microsoft is considering adding Chinese AI developer DeepSeekâs V4 as a cheaper model option for powering the Copilot Cowork AI assistant, Axios reported. The U.S. tech giant is exploring a Microsoft-hosted version of DeepSeek V4, or another open-source model, as a cheaper alternative to ... Read more âș
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As OpenAI and Anthropic build up their teams of enterprise salespeople, theyâve both been hiring from one of the deepest pools of enterprise software talent anywhere: Salesforce. More than 45 Salesforce employees have joined Anthropic since the start of this year, and close to 40 have joined OpenAI, largely in sales and marketing roles, according to their LinkedIn profiles. Read more âș
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For companies debating which AI server chips to use in their data centers, Amazon appears to have one advantage over Nvidia: price. The cost of using Amazonâs Inferentia2 and Trainiumâs second generation chips to run existing AI models, known as inference, can be 80% lower than Nvidiaâs H100 chips, for comparable workloads, according to Karol Piatek, who advises companies on their AI infrastructure at Ireland-based consultancy Co Driver Labs. A... Read more âș
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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 âem or hate âem, theyâre interesting. At this point of the AI cycle, though, the more important investors to watch might be the ones that evoke little emotion and attract few... Read more âș
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The Information is pleased to announce four new hires to continue our newsroomâs award-winning reporting. They will focus on Nvidia, finance, Elon Muskâs companies and tech policy. Dakin Campbell, Finance Dakin brings deep knowledge and a wealth of sources in finance. He has already started to help break news for The Information, reporting on investment banksâ trading strategies and the inner workings of complicated AI financing deals. He joins us... Read more âș
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Rumble, which started in 2013 as a YouTube alternative and hosts conservative content, completed a stock-for-stock transaction Wednesday to acquire data center company Northern Data, becoming the latest company to join the mad dash to rent out Nvidia graphics processing units to AI developers. ... Read more âș
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SpaceX added Roelof Botha to its board of directors, the company said in a securities filing on Wednesday. Botha is a longtime leader at Sequoia Capital, a major SpaceX investor. Botha joins SpaceXâs other board members Ira Ehrenpreis, Randy Glein, Antonio Gracias, Donald Harrison, Steve ... Read more âș
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Castelion, a nearly four-year-old startup that makes hypersonic missiles, is aiming to raise a new funding round at a valuation of $12 billion or more, including the money raised, according to two people with knowledge of the fundraising efforts. The companyâs target would be at least four times the valuation of its last funding round in December, reflecting heightened investor interest in defense tech startups that the SpaceX initial public... Read more âș
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Amazon Web Services unveiled several new AI products at its annual New York Summit, some of which are designed to solve novel problems created by the new era of AI-driven software engineering. These include AWS Continuum, which helps identify code vulnerabilities to prevent companies from ... Read more âș
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Apple plans to raise prices on its devices to counteract soaring component costs for memory and storage chips, Chief Executive Tim Cook told The Wall Street Journal. Cook didnât elaborate in the interview about timing or exact price increases. Apple is expected to hold its annual hardware ... Read more âș
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