Lambda, a cloud provider that rents out Nvidia graphics chips for artificial intelligence, has hired investment banks to prepare for an initial public offering in the U.S., according to people with direct knowledge of the talks. The San Jose, Calif.-based startup has hired Morgan Stanley, J.P. Morgan and Citi to prepare for a listing as soon as the first half of next year, the people said. The 13-year-old company is... Read more ›
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The chief financial officer of Elon Musk’s xAI left the company after just a few months on the job, the Wall Street Journal reported Wednesday. Mike Liberatore had joined xAI as CFO in April and left in July, according to the report. Liberatore, who was a longtime finance executive at Airbnb ... Read more ›
0
Before we get to today’s column, we’d be remiss to not touch on Tuesday’s Google antitrust ruling, which was a huge victory for the search giant. Google got pretty much everything it wanted, while the judge only accepted a few of the government’s proposed remedies. (For more on the results, check out this column from our co-executive editor Martin Peers, our news report from Tuesday and our TITV special episode... Read more ›
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Google is one of the largest buyers of Nvidia’s artificial intelligence chips, which it rents out to Google Cloud customers such as OpenAI and Meta Platforms. But Google’s grand ambitions for its own competing AI chips show no sign of slowing down. In the latest example, Google recently approached small cloud providers that primarily rent out Nvidia chips about also hosting Google’s AI chips in their data centers, according to... Read more ›
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KKR is bringing on former Amazon Web Services boss Adam Selipsky as a strategic advisor to bolster the private equity firm’s big bets on data centers and the technical infrastructure powering artificial intelligence. Selipsky will advise on strategy, capital allocation and governance for KKR’s ... Read more ›
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The Trump administration has revoked Taiwan Semiconductor Manufacturing Company’s authorization to ship chipmaking tools to China without a license, the chipmaker said on Tuesday. This decision, part of Washington’s broader strategy to limit China’s access to U.S. technology, comes despite Trump ... Read more ›
0
Google just won the antitrust war. Yes, it might have lost the initial skirmish, having had its search business branded a monopoly, but it couldn’t have asked for a kinder ruling on how to deal with that monopoly. Google essentially got what it wanted, as the judge said he had accepted “in full” Google’s proposed remedies, with a few modifications, while accepting just a few of the government’s. You have... Read more ›
0
Nvidia has acquired Solver, a three-year-old software development startup, The Information reported Tuesday. The startup, formerly known as Laredo Labs, had developed an AI coding agent and raised $8 million in financing from investors including Radical Ventures and Horizons Ventures. Nvidia ... Read more ›
0
We’re in the midst of an M&A boom—for artificial intelligence startups. Among the latest: Nvidia last month bought Solver, according to a person with direct knowledge of the deal. The three-year-old startup formerly known as Laredo Labs has developed an AI coding agent that completes software development tasks for users. The company raised $8 million in financing from investors including Radical Ventures and Horizons Ventures. The Solver purchase is just... Read more ›
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An antitrust judge rejected the Justice Department’s most drastic proposals for how Google’s search business should be overhauled to make up for its illegal monopoly, saying in a decision Tuesday afternoon he wouldn’t require the company to sell either its Chrome browser or its Android operating system. Judge Amit Mehta barred Google from entering into exclusive contracts for distributing its search engine and ruled that Google must share some data... Read more ›
0
An antitrust judge rejected the Justice Department’s most drastic proposals for how Google’s search business should be overhauled to make up for its illegal monopoly, saying in a decision Tuesday afternoon he wouldn’t require the company to sell either its Chrome browser or its Android operating ... Read more ›
0
U.S. tech merger activity is headed for its best year since 2021—driven in part by enterprise software and other older tech companies acquiring artificial intelligence startups to beef up their AI offerings. So far this year, U.S. software companies have spent nearly $33.8 billion on 140 completed AI acquisitions, surpassing the combined volume of the past three years, according to data provider PitchBook. During the same period, U.S. companies have... Read more ›
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OpenAI said Tuesday it has agreed to acquire Statsig, a startup that helps businesses test how well their products are working, for $1.1 billion in an all-stock deal, representing about 0.4% of OpenAI’s shares. That’s the same valuation Statsig, which was part of The Information’s most promising ... Read more ›
0
Amazon is ending a program that allowed Prime members to share their free shipping benefit with others, according to an email to shoppers and a customer service page on Amazon’s site. The Prime Invitee Program, which Amazon originally launched in 2009, will end on Oct. 1, the website page says. ... Read more ›
2
Anthropic on Tuesday said it had raised $13 billion at a $170 billion valuation before the financing, in a round co-led by new investor Iconiq and returning investors Lightspeed Venture Partners and Fidelity Management. The funding nearly tripled its valuation from a round led by Lightspeed at ... Read more ›
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The prices businesses are paying for AI has become the subject of much moaning and gnashing of teeth among startups and their investors in recent weeks. At the heart of the issue, as we reported two weeks ago, is that the price of state-of-the-art models from the likes of Anthropic and OpenAI haven’t fallen much in the past year, and AI applications like Cursor and Replit increasingly rely on AI... Read more ›
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Before we get into today’s Agenda, be sure to check out the story my colleagues and I published on Friday laying out Elon Musk’s lawsuit against OpenAI and its CEO Sam Altman. The article can catch you up to speed on the case and explain why Musk stands a chance of winning if it goes to trial in March. The stakes couldn’t be higher for OpenAI: the structure of the... Read more ›
5
UK-based buy-now pay-later firm Klarna took the next step towards going public, filing an updated IPO filing revealing it will offer 34.3 million shares for sale, priced between $35 and $37. The offering would value the company at about $26 billion. Most of the shares to be sold are held by ... Read more ›
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Startups that sell artificial intelligence–powered coding assistants such as Cursor have created some of the fastest-growing businesses in Silicon Valley, making them ripe acquisition targets for OpenAI and other large AI developers. So far, Cursor’s owner Anysphere isn’t selling. Instead, potential acquirers such as OpenAI, xAI and Anthropic have discussed a possible deal with the coding startup to license or purchase what could be a gold mine of data: reams... Read more ›
7
Leaders in Meta’s new AI organization, Meta Superintelligence Labs, have discussed using Google’s Gemini model to provide conversational, text-based answers to questions that users enter into Meta AI, the social media giant’s main chatbot, The Information reported. Those leaders have also ... Read more ›
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16.05.2026 16:05
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