31 place 161

377 Tonal’s Valuation May Fall 90% in ‘Cram-Down’ Financing

The Information
Maria Heeter @ The Information · 03/21/2023 18:11 EDT

Tonal’s Valuation May Fall 90% in ‘Cram-Down’ Financing

Tonal, a fitness startup with a cadre of celebrity backers, is crunched for cash after failing to find a buyer. The company now may take a drastic step: raising money at a valuation nearly 90% lower than its last one, in a deal that would effectively wipe out the stakes of many existing investors, people familiar with the matter said.

Private equity firm L Catterton, a current Tonal shareholder, is in talks to lead the funding round, which is expected to total $125 million at a valuation of between $200 mi

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The Information
Rocket Drew @ The Information · 04/01/2026 10:00 EDT

Claude Code Leak Reveals Always-On ‘Kairos’ Agent

Anthropic’s cybersecurity employees have probably spent the past week scolding their colleagues. After accidentally publishing a blog post last week containing details of its next flagship AI model, Claude Mythos, the company on Tuesday said it had accidentally leaked some of the source code powering its popular Claude Code coding agent.In short, someone at Anthropic mistakenly included the source code in a file they uploaded to a public repository where... Read more â€ș

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The Information
Ken Brown @ The Information · 04/01/2026 11:00 EDT

Did Prediction Markets Cause the Crypto Crash?

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 32% chance that bitcoin will cross $100,000 before October 2027. The crypto currency was at... Read more â€ș

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The Information
Julia Hornstein @ The Information · 04/01/2026 11:24 EDT

Startup That Helps Developers Pick AI Models Nears $1.3 Billion Valuation

As more AI apps and agents shift to using multiple AI models, startups that help developers choose the right ones are gaining traction. In the latest example, OpenRouter, which helps AI app developers access hundreds of models from a single application programming interface, is in talks to raise $120 million in new funding led by one of Alphabet’s venture arms at a $1.3 billion valuation, including the investment, according to... Read more â€ș

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The Information
Katie Roof @ The Information · 04/01/2026 14:51 EDT

SpaceX Said to Submit Confidential Filing for IPO

SpaceX, has submitted the initial filing for its initial public offering, Bloomberg reported, a critical step for Elon Musk’s space company toward its much anticipated listing. The company submitted what’s known as a confidential filing with the U.S. Securities and Exchange Commission. SpaceX is ... Read more â€ș

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The Information
Aaron Tilley @ The Information · 04/01/2026 16:01 EDT

Apple Turns 50 Years Old

Apple celebrated its 50th anniversary on Wednesday. Leading up to the date, the company has mounted a full-scale media blitz, giving out numerous executive interviews and putting on big events. On Tuesday, it rang the Nasdaq opening bell, and later that night, Paul McCartney played a concert at ... Read more â€ș

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The Information
Cory Weinberg @ The Information · 04/01/2026 20:00 EDT

Mixed OpenAI Investor Signals

Four months ago, Sam Altman got testy with one of his own investors, Altimeter Capital’s Brad Gerstner, in a podcast soundbyte heard round the world. “Brad, if you want to sell your shares, I’ll find you a buyer,” Altman said.Indeed, he seems to have found plenty of buyers. Read more â€ș

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The Information
Julia Hornstein @ The Information · 04/01/2026 21:56 EDT

Alphabet Fund In Talks to Lead OpenRouter Investment at $1.3 Billion Valuation

OpenRouter, a startup that lets AI app developers choose from hundreds of models on its application programming interface, is in talks to raise $120 million in new funding at a $1.3 billion valuation, including the investment, The Information reported Wednesday. Capital G, one of Alphabet’s ... Read more â€ș

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The Information
Juro Osawa @ The Information · 04/02/2026 04:53 EDT

ByteDance Helps OpenClaw Launch China Version of Software Marketplace

ByteDance is helping OpenClaw operate a Chinese version of its ClawHub marketplace, which distributes OpenClaw’s special files that enable AI agents to perform specific tasks. OpenClaw’s official X account said in a post on Wednesday that it has launched an official China version of its ClawHub, ... Read more â€ș

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The Information
Juro Osawa @ The Information · 04/02/2026 04:59 EDT

Alibaba Launches Another Closed-Source AI Model

Alibaba Group’s shift from open-source AI models is becoming more apparent. On Thursday, the Chinese tech giant, which has become a global leader in open-source models in the past two years, launched a new large language model called Qwen3.6-Plus, touting its “significant advancement in agentic ... Read more â€ș

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The Information
Anita Ramaswamy @ The Information · 04/02/2026 09:00 EDT

For Blackstone, Private Credit Fears Miss the Big Picture

Private credit has turned from a growth opportunity to a source of worry for investors that own shares in big asset managers. Anxieties about how the rise of AI could hurt software companies that have borrowed hundreds of billions have escalated the concerns about the sector that started brewing last fall. In recent months, investors in several high-profile private credit funds have rushed to pull money out, in some cases... Read more â€ș

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