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Rocket Drew @ The Information 3 place · 03/04/2025 22:23 EDT

The federal judge presiding over Elon Musk’s lawsuit against OpenAI on Tuesday turned down Musk’s request to block OpenAI’s planned conversion to a for-profit company. Instead, District Judge Yvonne Gonzalez Rogers requested that the two parties go to a trial this fall. Musk’s lawyers “failed to ... Read more

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The Information
Cory Weinberg @ The Information · 03/04/2025 21:22 EDT

Fintech startup Plaid is in talks to arrange a secondary share sale at about a $6 billion valuation, led by mutual fund Franklin Templeton, three people involved in the discussions said. The valuation would be a decline from the $13.4 billion price at which the company last raised money in 2021. ... Read more

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The Information
Kaya Yurieff @ The Information · 03/04/2025 21:02 EDT

ByteDance is allowing current and former employees to sell their shares to the company at a slightly higher price than six months ago. The TikTok parent company set the price for an upcoming employee share buyback at about $190 a share for current employees and $161 per share for former ... Read more

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The Information
Martin Peers @ The Information · 03/04/2025 20:00 EDT

How Trump Volatility Is Freezing Business Decisions

There’s an old joke that if you’re unhappy about the weather in San Francisco, you only have to wait a few minutes until it changes. That line is beginning to seem applicable to the Trump administration’s tariff plans. Late Tuesday afternoon—after the stock market closed on the second successive sell-off sparked by President Donald Trump’s imposition of tariffs on Canada and Mexico—Commerce Secretary Howard Lutnick told Fox Business News that... Read more

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The Information
Erin Woo @ The Information · 03/04/2025 19:41 EDT

Google has asked officials at the Department of Justice to drop a push to break up the company, Bloomberg reported on Tuesday. President Biden’s Department of Justice last year called for Google to be forced to sell its Chrome browser and possibly its Android mobile operating system, after a ... Read more

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The Information
Natasha Mascarenhas @ The Information · 03/04/2025 19:39 EDT

CoreWeave to buy Weights & Biases for $1.7 Billion

CoreWeave, which provides cloud servers to large companies developing artificial intelligence, said late Tuesday it plans to buy Weights & Biases, a startup that helps developers build AI applications. The company, which is preparing for an IPO, confirmed the acquisition plans after The ... Read more

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The Information
Stephanie Palazzolo @ The Information · 03/04/2025 18:53 EDT

CoreWeave in Talks to Buy AI Startup Weights & Biases For Around $1.7 Billion

CoreWeave, which provides cloud servers to large companies developing artificial intelligence, is in talks to acquire Weights & Biases, a startup that helps developers build AI applications, for around $1.7 billion, according to two people who spoke to executives at Weights & Biases. The deal could help CoreWeave diversify its base of customers ahead of its initial public offering. CoreWeave primarily generates revenue from large customers such as Microsoft, which... Read more

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The Information
Cory Weinberg @ The Information · 03/04/2025 18:32 EDT

Two very different startups, Plaid and CoreWeave, have been preening themselves in recent weeks to raise money. Their diverging fortunes show how timing, luck and fast-changing tech trends can create and destroy value quickly. Plaid is a victim of circumstance. The fintech startup is working on a secondary share sale, led by mutual fund Franklin Templeton, at a valuation of $5.5 billion or $6 billion, I’ve learned. That’s less than... Read more

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The Information
Kaya Yurieff @ The Information · 03/04/2025 18:18 EDT

A lawsuit alleging creator membership site Passes hosted child porn is causing quite the stir among creators, founders and talent managers. The complaint, filed by OnlyFans creator Alice Rosenblum in the Southern District of Florida last week, claims that Passes recruited Rosenblum to create pornography before she turned 18 and distributed that content to paying subscribers. The suit, which is seeking class action status, claims the two-year-old startup knew she... Read more

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The Information
Theo Wayt @ The Information · 03/04/2025 17:40 EDT

Amazon Web Services has formed a new division focused on artificial intelligence agents, according to an internal memo The Information has viewed, in a bet that cloud computing clients will want to spend more on AI tools that automate tasks. Establishing the new division shows that AWS is ... Read more

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The Information
Qianer Liu @ The Information 2 place · 03/04/2025 13:24 EDT

When DeepSeek’s success in developing competitive artificial intelligence models at a low cost prompted a $750 billion sell-off in Nvidia shares in late January, Nvidia CEO Jensen Huang wasn’t worried. He told some employees a few days later that DeepSeek had just become Nvidia’s most important customer in China, since any progress in AI will only increase demand for the company’s chips, according to a person who heard his remarks.... Read more

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The Information
Kalley Huang @ The Information 3 place · 03/04/2025 13:00 EDT

Meta Platforms is preparing a new push to woo businesses to set up and run artificial intelligence chatbots on Messenger and WhatsApp, according to a current employee.As a newcomer in a crowded market, Meta has pitched its business chatbots as tools to provide customer support, plus information and recommendations that will lead to sales, the employee said. The company has also suggested to businesses that running a chatbot on Meta’s... Read more

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The Information
Rocket Drew @ The Information · 03/04/2025 10:00 EDT

Figure AI is the talk of the robotics town these days.The three-year-old startup, which designs humanoid robots for work in factories and homes, is planning to raise $1 billion to $2 billion in equity financing at a $38.5 billion pre-money valuation. That’s a staggering 15 times its valuation from a year ago. However, the venture funds which are putting money into the round—Align Ventures, Parkway Venture Capital and FutureNow Technologies,... Read more

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The Information
Aaron Holmes @ The Information 2 place · 03/04/2025 09:00 EDT

The role of salespeople is already changing in the era of artificial intelligence—and big tech companies are notching benefits from using these tools, which could be a leading indicator of how the broader industry is set to transform. At Microsoft, for instance, executives have been touting evidence that custom-built AI tools automating repetitive sales tasks have allowed the company to reduce its sales staff while simultaneously lifting sales revenue. During... Read more

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The Information
Rocket Drew @ The Information · 03/03/2025 21:10 EDT

Anthropic Valued at $61.5 Billion

Anthropic, the company behind the Claude series of artificial intelligence models, announced Monday that it has raised $3.5 billion in its Series E funding round, hitting a $61.5 billion valuation including the new money. The investment is higher than the $2 billion initially discussed with some ... Read more

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The Information
Martin Peers @ The Information · 03/03/2025 20:00 EDT

Trump’s Stock Sell-Off; Coreweave's IPO Filing

This year is really turning into a dud for tech stocks. Monday’s big market sell-off slammed the tech sector across the board, particularly chip companies like Nvidia and Broadcom that have wide exposure to China. That made it a somewhat inauspicious day for CoreWeave, a young cloud company operating data centers for artificial intelligence firms, to release paperwork for its planned public debut.CoreWeave’s IPO is much anticipated, as it will... Read more

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The Information
Cory Weinberg @ The Information · 03/03/2025 19:00 EDT

The three founders of CoreWeave will spend the next few weeks trying to sell investors on the cloud provider’s future. What might make that job harder: They’ve already cashed out nearly a half-billion dollars from their stakes, between them. The founders—former commodities traders Mike Intrator, Brian Venturo and Brannin McBee—have each sold at least $150 million worth of stock ahead of the cloud provider’s planned initial public offering, the company’s... Read more

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The Information
Natasha Mascarenhas @ The Information · 03/03/2025 18:59 EDT

Ramp, the business card and expense software startup, has sold $150 million in existing shares held by employees and early investors at a $13 billion valuation, the company said on Monday. Buyers included Stripes, GIC, Thrive Capital, Khosla Ventures and General Catalyst. The announcement ... Read more

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The Information
Martin Peers @ The Information · 03/03/2025 18:11 EDT

Stock Selloff Slams Tech Sector

Tech stocks fell across the board on Monday amid a wide-ranging market selloff triggered by President Trump’s statement that tariffs against Mexico and Canada, and additional tariffs against China, will go into effect on Tuesday. Of the group of tech companies with at least a ... Read more

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The Information
Jon Victor @ The Information · 03/03/2025 18:07 EDT

Microsoft Launches AI Copilot for Health Care Admin Work

Microsoft on Monday unveiled artificial intelligence for doctors and nurses to automate time-consuming clerical work, such as preparing patient summaries or writing referrals based on recordings of doctor-patient conversations. The product, Dragon Copilot, will be available in the U.S. and ... Read more

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11.11.2025 15:45
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