SpaceX’s tenth launch of its gargantuan Starship rocket went off without an apparent hitch on Tuesday. After launching from a SpaceX base in south Texas, the 400-foot tall rocket hurtled into space and successfully deployed a collection of dummy satellites modeled on those that support SpaceX’s ... Read more ›
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Apple shareholders should be glad Eddy Cue isn’t running the iPhone maker. As a story we published today revealed, Cue has been an advocate for Apple making big acquisitions—including of Netflix and Tesla in the past—that CEO Tim Cook rebuffed. More recently, Cue has suggested that Apple should do bolder deals in artificial intelligence. The company’s executives have talked about an acquisition of AI search engine Perplexity or French model... Read more ›
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You’ll sometimes find signs of the times buried in companies’ bland corporate charters. The latest example: A growing number of startups that raised venture capital this year have issued a type of stock designed to make it easier for founders to sell some of their stakes.Nearly 11% of companies that raised money in the first half of the year issued founder preferred stock—nearly double the percentage from two years ago,... Read more ›
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The authors suing Anthropic for copyright violations reached a settlement with the AI company, according to a legal filing in the lawsuit Tuesday. The agreement would allow Anthropic to avoid a trial that could have exposed the company to “potentially billions of dollars in liability,” according ... Read more ›
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Apple executive Eddy Cue has been the primary champion of the company doing big acquisitions and other deals, including in artificial intelligence, The Information reported. Among the deals Apple executives have discussed is a possible acquisition of Mistral AI, a Paris-based rival to OpenAI, ... Read more ›
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Sports merchandising company Fanatics is launching an ads business, the company said today. Fanatics has tapped Jeremi Gorman, a longtime advertising executive who has held leadership roles at Netflix, Snap and Amazon to run the effort as chief revenue officer. Fanatics is most known as a seller ... Read more ›
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Trump Media & Technology Group, which runs the Truth Social app, said Tuesday it is teaming up with Crypto.com to launch a publicly-listed company that will buy and hold $6.4 billion of CRO tokens, the cryptocurrency issued by Crypto.com. That would make the firm the latest ‘crypto treasury’ ... Read more ›
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President Donald Trump on Tuesday said Meta Platforms’s massive data center in Richland Parish, Louisiana will cost $50 billion. “When they said $50 billion for a plant, I said, ‘What the hell kind of plant is that?,‘” he said. “But when you look at this you understand,” he said , holding ... Read more ›
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Where does Snap go from here? The nearly fourteen-year-old company is struggling to grow its ad business, particularly compared to larger Meta Platforms and Google’s YouTube. At the same time, CEO Evan Spiegel remains laser focused on his long-time, big bet: the company’s augmented reality glasses, Spectacles. To keep funding the AR project, Snapchat parent has begun to discuss ways to raise outside money and even has considered spinning it... Read more ›
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Apple announced it will hold an event on September 9th, where it will likely announce its iPhone 17 lineup. The most notable of the new devices is expected to be a slimmed down version of the iPhone. Apple will also likely reveal the standard base and Pro models. Apple regularly announces its ... Read more ›
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It’s been hard to avoid a study last week from the Massachusetts Institute of Technology, which concluded that 95% of corporate trials of artificial intelligence failed to boost the bottom line for the surveyed companies. In other words, “only 5% of custom enterprise AI tools reach production.” Let’s set aside the study’s limitations, including how it doesn’t identify any of the 52 firms it surveyed or even what kind of... Read more ›
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This summer, investment bankers came knocking on Apple’s door with a pitch: Was the iPhone maker interested in doing a major acquisition or some other kind of deal in artificial intelligence? So far, the only answer it has given them is: not so much. In the current AI frenzy, nearly all of Apple’s peers in big tech have thrown open their wallets to spend billions of dollars on AI deals,... Read more ›
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Federal judge Amit Mehta is expected to shortly issue a ruling on what changes Google needs to make to its search business to fix its monopoly of the search ad market. Mehta’s decision could have ripple effects across the search market, which includes older rivals like Microsoft’s Bing and Brave as well as newcomers like OpenAI and Perplexity.Surprisingly, though, some Google competitors are arguing that forcing Google to share its... Read more ›
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When venture capital giant Sequoia decided to carve off Sequoia China two years ago in response to growing tensions between the U.S. and China, the newly independent China firm was expected to continue pouring its huge funds into Chinese startups. Renamed HongShan (Mandarin for Sequoia), the firm had only a year earlier raised what was then a record $8.8 billion to fund new tech investments. Three years later, things haven’t... Read more ›
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It’s not obvious that filing lawsuits against your competitors is the way to succeed in artificial intelligence, if only because a lawsuit can take years to resolve and AI is evolving extremely rapidly. Nonetheless, litigation is the approach Elon Musk is taking to try to protect his startup, xAI, from bigger rivals. You might wonder if this is the same Elon Musk who reinvented the space industry and made electric... Read more ›
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A group of Silicon Valley companies and executives have put more than $100 million into launching a network of political action committees aimed at shaping artificial intelligence policy. Backers of the effort, “Leading the Future,” include venture capital firm Andreessen Horowitz, OpenAI ... Read more ›
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Crypto fund manager Pantera is seeking to raise as much as $1.25 billion to convert a public company into a solana investment firm, as a flood of companies race to cash in on the latest hot crypto sector. Pantera, founded by Dan Morehead, a former trader at Goldman Sachs and Tiger Global Management, is one of the largest and oldest crypto asset managers. It manages about $5 billion in assets... Read more ›
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We are delighted to announce new roles for our reporters covering two of the most important beats in business: OpenAI and AI dealmaking. Sri Muppidi, who joined us late last year to cover venture capital and startups, will continue and expand on her strong coverage of the business of the biggest AI startups to become a beat reporter on OpenAI and Anthropic. This year, Sri has regularly taken The Information’s... Read more ›
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Temu’s parent company PDD Holdings reported on Monday that its revenue growth slowed again in the second quarter, with executives citing “intense competition” as a reason for the slowdown. The period also coincided with the elimination of an import duty loophole that had allowed Temu to flourish ... Read more ›
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Humain, the company overseeing Saudi Arabia’s artificial-intelligence push, released an Arabic-language chatbot it plans to make available globally. The Humain Chat app is the first major software product from Humain, which has the backing of Saudi Arabia’s Public Investment Fund and is ... Read more ›
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16.05.2026 17:21
Last update: 17:15 EDT.
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