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The Information
Yueqi Yang @ The Information · 11/21/2025 17:31 EDT

Bitcoin, Strategy Fall as Crypto Rout Deepens

Strategy, Michael Saylor’s bitcoin-holding firm, fell 3.7% Friday amid investor concerns that the stock could get excluded from MSCI indexes. Bitcoin fell 2% and is on track for its worst monthly performance since June 2022. Strategy is down 62% from its peak in July this year while bitcoin has ... Read more â€ș

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The Information
Aaron Holmes @ The Information 3 place · 11/21/2025 16:09 EDT

Crowdstrike and Salesforce both said this week that they are investigating incidents where hackers attempted to steal internal data, and a hacking group known as Scattered Lapsus$ Hunters has publicly claimed responsibility for both breaches. Salesforce said in an alert to customers that hackers ... Read more â€ș

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The Information
Sara Germano @ The Information 3 place · 11/21/2025 13:25 EDT

Figure Skating Aims to Get Its Groove Back—With AI Music and the Spice Girls

Of all the places AI is seeping into, a program by a pair of Czech ice dancers angling for a spot at the Winter Olympics in February may be one of the most unexpected. Yet, at last weekend’s Skate America tournament, a major international competition ahead of Milano Cortina 2026, Kateƙina MrĂĄzkovĂĄ and Daniel MrĂĄzek performed a program that included music partially composed by AI in the style of the... Read more â€ș

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The Information
Yueqi Yang @ The Information · 11/21/2025 09:00 EDT

Visa and Mastercard Are Moving Fast Into Stablecoins

Visa and Mastercard are moving quickly to embrace cryptocurrencies for payments, to take advantage of the rising popularity of stablecoins in developing countries and fend off competition from merchants trying to circumvent their networks. The companies ramped up their crypto payments business overseas and have been looking for acquisitions or investments. Visa wants to invest in stablecoin startups, especially in infrastructure that can help scale its network of banks and... Read more â€ș

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The Information
Amir Efrati @ The Information · 11/21/2025 01:08 EDT

OpenAI CEO: Google’s AI Breakthrough Could Cause ‘Headwinds’ For OpenAI

In an internal memo, OpenAI CEO Sam Altman acknowledged that Google’s recent progress in artificial intelligence could create “temporary economic headwinds” for his company, The Information reported Thursday. The memo anticipated Google’s launch of its Gemini 3 model, suggesting ... Read more â€ș

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The Information
Martin Peers @ The Information · 11/20/2025 20:00 EDT

Ron DeSantis Spotlights Key AI Question

We’re moving off the (unresolved) AI bubble debate to a much more fundamental question about AI. That is whether decisions about an enormously costly technology, which threatens to put many people out of work, should be left to tech leaders or discussed more broadly. It turns out Republicans may have the best handle on this issue, most obviously Florida governor Ron DeSantis. He’s long been vocal about the threat AI... Read more â€ș

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The Information
Erin Woo @ The Information · 11/20/2025 19:51 EDT

Google Updates “Nano Banana” Image Editing Model

Google released a new version of its “Nano Banana” image generation model on Thursday, updating a model that had gone viral earlier in the year. Google highlighted the ability of the new model, dubbed “Nano Banana Pro,” to create infographics and posters, as well as its ability to keep elements ... Read more â€ș

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The Information
Stephanie Palazzolo @ The Information · 11/20/2025 19:00 EDT

OpenAI CEO Braces For Possible ‘Economic Headwinds’ in ‘Catching Up’ to a Resurgent Google

OpenAI CEO Sam Altman told colleagues last month that Google’s recent progress in artificial intelligence could “create some temporary economic headwinds for our company,” though he added that OpenAI would emerge ahead. After OpenAI researchers heard that Google had created a new AI that appears to have leapfrogged OpenAI’s in the way it was developed, Altman said in the memo that “we know we have some work to do but... Read more â€ș

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The Information
Cory Weinberg @ The Information · 11/20/2025 18:43 EDT

In Las Vegas, Kalshi Is King

For 15 years, Goldman Sachs’ private tech conference in Las Vegas has been the event for taking the pulse of startup dealmaking. Years ago, it was possible to run into founders such as Uber’s Travis Kalanick and Instagram’s Kevin Systrom raising money for their then-small startups. The conference is much bigger now (which makes some investors grumble), but it remains a nexus for investors who want to throw money at... Read more â€ș

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The Information
Rocket Drew @ The Information · 11/20/2025 18:30 EDT

Physical Intelligence Raises $600 Million at $5 Billion Valuation

Physical Intelligence, the robotic AI company, raised $600 million at a $5 billion valuation, excluding the investment, Bloomberg reported Thursday. The Information broke the news of the potential funding round in September. Alphabet’s CapitalG led the round. Existing investors Lux Capital, ... Read more â€ș

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The Information
Theo Wayt @ The Information · 11/20/2025 18:02 EDT

Waymo Adds 3 More U.S. Cities to Expansion Plan

Waymo said Thursday that it’s added New Orleans, Minneapolis and Tampa to the list of cities where it plans to launch its autonomous ride-hailing service. That brings the total number of new cities where it’s announced launch plans to more than 20, according to the company. For now, Waymo will ... Read more â€ș

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The Information
Ann Gehan @ The Information · 11/20/2025 17:43 EDT

Walmart Boosts Outlook, Says Consumer Demand Remains Resilient

Walmart grew sales nearly 6% to $179.5 billion in the third quarter of its current fiscal year, as the retail giant continues to expand its e-commerce and advertising businesses and compete more closely with Amazon. Executives said Thursday that consumer demand remained mostly resilient and that ... Read more â€ș

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The Information
Kevin McLaughlin @ The Information · 11/20/2025 13:45 EDT

Businesses Still Dream of Using AI to Replace Enterprise Apps

We’ve been hearing for years about the theoretical threat AI poses to enterprise software apps like Salesforce, ServiceNow and Workday. While a disaster scenario for these firms hasn’t happened because AI generally isn’t reliable enough to duplicate what they do, some customers are still trying to use the latest AI models to replace those apps to save money.For instance, some customers of Databricks, which sells a data lake, a type... Read more â€ș

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The Information
Michael Roddan @ The Information · 11/20/2025 13:33 EDT

Deel Labeled Alleged Spy Payment As Expense

Global payroll startup Deel labeled as an expense a $6,000 payment it made to the wife of the company’s chief operating officer–cash that was sent to an alleged spy inside rival firm Rippling 56 seconds later–according to newly unsealed documents in a lawsuit between the two Silicon Valley ... Read more â€ș

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The Information
Rocket Drew @ The Information · 11/20/2025 10:00 EDT

What’s Next for State AI Laws After Trump Order

The White House plans an executive order to block states from passing laws regulating AI, as we reported Wednesday. Instead of state laws, the order suggests there should be a federal law governing the information that AI companies have to disclose and how they handle potential bias in models. Specifically, it directs White House AI “czar” David Sacks and government agencies to help make recommendations that Congress could write into... Read more â€ș

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The Information
Sri Muppidi @ The Information · 11/20/2025 09:00 EDT

SoftBank to Invest Up to $3 Billion in Factory for OpenAI Data Centers

SoftBank plans to invest up to $3 billion to remodel an electric vehicle plant in Lordstown, Ohio, that will produce equipment for OpenAI’s forthcoming data centers, according to two people with knowledge of the plans. The Japanese conglomerate, one of the largest investors in OpenAI, will use the factory to supply data center sites in Texas and multiple other unannounced locations, the people and another person with knowledge of the... Read more â€ș

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The Information
Wayne Ma @ The Information · 11/20/2025 05:25 EDT

Salesforce’s Slack to Stop Direct Service in China, Farm Out to Alibaba

Salesforce’s Slack has told customers in mainland China, Hong Kong, Macau and Taiwan that they must migrate their accounts to partner Alibaba Group before February, if they want to continue with instant-messaging service, according to a Slack customer in mainland China and an Alibaba Cloud ... Read more â€ș

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The Information
Anissa Gardizy @ The Information · 11/19/2025 23:57 EDT

Nvidia Doubles Cloud Spending Commitment to $26 Billion

Nvidia said Wednesday it had struck deals to rent $26 billion of servers from cloud providers over the next six years, doubling the cloud spending commitments it disclosed just three months ago. The cloud spending plan implies Nvidia will rent several hundred thousand of its own graphics ... Read more â€ș

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The Information
Martin Peers @ The Information · 11/19/2025 20:00 EDT

Nvidia Doesn’t See an AI Bubble as It Rakes In the Cash

Bubble? What bubble? Nvidia CEO Jensen Huang dismissed fretful talk about massive AI investment on Wednesday, extolling the benefits of AI for a wide variety of companies—from startups to big firms like Meta Platforms. Of course, the biggest beneficiary of the AI transformation is Nvidia itself, whose stranglehold on the AI chip market is turning it into a tech version of the U.S. Mint. On Wednesday, Nvidia reported 62% higher... Read more â€ș

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The Information
Rocket Drew @ The Information · 11/19/2025 17:46 EDT

Luma Raises $900 Million in Investment Led by Humain

Luma AI, which develops artificial intelligence models that generate realistic videos, raised $900 million from investors led by new investor Humain, the AI company owned by Saudi Arabia’s Public Investment Fund, the startup said Wednesday. The new funding values the company at $4 billion, ... Read more â€ș

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