Before we get to today’s column, Steph and Sri broke news Tuesday night about a flurry of investments VCs are making in so-called “neolabs,” or new labs hoping to exploit approaches to developing AI models and research they say major developers like OpenAI and Anthropic may have overlooked.These include companies like agent startup Isara, which is raising at a $1 billion valuation; Humans&, a startup building “human-centric AI” raising at... Read more ›
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Anthropic plans to invest $50 billion building its own data centers, the first time it has done so, in Texas and New York, the AI startup announced in a blog post on Wednesday. Anthropic said it would partner with London-based cloud startup Fluidstack on the data centers. Anthropic said that the ... Read more ›
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Skims, the apparel and shapewear brand cofounded by Kim Kardashian, has raised $225 million in new funding, the company said Wednesday. The funding round, which was led by Goldman Sachs Alternatives, boosts the company’s valuation to $5 billion, up from its $4 billion valuation in 2023. The ... Read more ›
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When Whoop’s analytics chief Matt Luizzi recently looked across the company’s tech stack, he saw the same thing everywhere: AI agents multiplying. Slack has one. So does Snowflake. Google Workspace, too. And they all promise to do the same jobs—dig through data, forecast sales, even message customers. “Truly every piece of software that we use has their own AI agent solution,” he said. Read more ›
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Investors are rushing to back a new generation of research-focused AI startups. In just over a month, they’ve made or discussed $2.5 billion of investments into five of these startups, called neolabs, despite the high costs and risk of failure. The neolab startups’ founders say they hope to exploit new approaches to developing AI models and research they say major developers like OpenAI and Anthropic may have overlooked. Read more ›
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Would you trade shares in Nvidia for stock in OpenAI? That’s what SoftBank just did, selling $5.8 billion worth of shares in the AI chip giant to finance a commitment to invest $22.5 billion in the ChatGPT maker. On the surface, it might seem a logical trade, given that chip companies purporting to compete with Nvidia have proliferated like cockroaches in a darkened New York City apartment. But it’s doubtful... Read more ›
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After years of AI hype—and some recent skepticism—organizations are now seeing real value from their AI initiatives. While some highly publicized reports have claimed that generative AI projects experience high failure rates, a majority of surveyed organizations report positive outcomes. In a recent survey of The Information’s readers, 61% of readers say their organizations are seeing positive value from their AI initiatives. Much of the early excitement around AI centered... Read more ›
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For the last 42 days, any startup seeking approval for an initial public offering from the Securities and Exchange Commission was in limbo, thanks to the government shutdown that had sent SEC staff home, preventing them from reviewing and approving IPO prospectuses.The securities agency could be back to work soon. Late Monday, the Senate passed a bill to end the government shutdown, and President Donald Trump has indicated he will... Read more ›
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The top lawyer at Elon Musk’s xAI, Lily Lim, said Tuesday that she’s leaving the company. Her departure comes about three months after her predecessor left. In a post on X announcing her exit, Lim described working more than 100 hours per week at xAI and thanked Musk. xAI is “moving on from the ... Read more ›
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Yann LeCun, Meta Platforms’ chief artificial intelligence scientist, intends to leave the social media giant in the coming months to form his own AI startup, the Financial Times reported. LeCun—who co-founded Meta’s Fundamental Artificial Intelligence Research, the company’s earliest AI lab, in ... Read more ›
1
A billionaire CEO of an electric car maker took the stage last week with a humanoid robot prototype and shared ambitious plans to also develop robotaxis and flying cars. It wasn’t Elon Musk, though. Read more ›
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Amazon is merging all its ad buying tools into a single platform, the company announced Tuesday at its annual advertiser conference. Amazon also introduced a suite of AI agents for media planning. The new ad buying tool combines tools Amazon offered for buying ad space on its ecommerce ... Read more ›
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CoreWeave, a cloud provider that rents out Nvidia chips to AI developers like Microsoft, Meta and OpenAI, said Tuesday that revenue rose 134% in the September quarter to nearly $1.4 billion and its revenue backlog more than doubled to $55 billion. But in its earnings conference call, CoreWeave ... Read more ›
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SoftBank Group said Tuesday that it has sold its entire stake in Nvidia for $5.83 billion. The move comes as the Japanese company is doubling down on its investment in OpenAI. In its quarterly earnings report, SoftBank said it sold its 32.1 million Nvidia shares last month. Also last month, ... Read more ›
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Consumer-focused AI developers such as OpenAI and Perplexity are jockeying for a share of the browser market, now dominated by Google’s Chrome. But before they have a chance of dethroning Chrome, they first have to surpass Brave.Brave has been around for a decade and passed $100 million in annualized revenue in the first quarter of this year, said Brian Brown, its chief business officer, who declined to give more recent... Read more ›
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Blue Owl Capital, one of Wall Street’s biggest private lenders, is ramping up its big bet on artificial intelligence with a roughly $3 billion investment in a New Mexico data center that’s part of OpenAI’s Stargate project, said a person with knowledge of the deal. Blue Owl, which has nearly $300 billion in assets, has emerged as a crucial investor in AI infrastructure, taking on the riskiest slices of big... Read more ›
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Apple is delaying the release of the second-generation iPhone Air to work on a redesign of the device and make it more appealing to consumers, according to two people with knowledge of the matter. The redesign could include a second camera lens, an attempt to address one of consumers’ main ... Read more ›
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Klook, a Hong Kong-based online travel startup backed by SoftBank Group, filed for an initial public offering on the New York Stock Exchange on Monday. Klook’s app, popular in Asia, helps travelers book tickets for all kinds of attractions and other services in their destinations. Its business ... Read more ›
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Next time you contemplate the much-hyped IPO of a brand-name company, ask yourself this question: Are its glory days behind it? One of the disadvantages for public investors of snapping up newly public tech firms—particularly those that have taken their time going public—is that very often they have already peaked. Take Instacart, which reported third-quarter earnings Monday morning. Revenue grew 10%, which is hardly inspiring, but it’s par for the... Read more ›
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Versant, Comcast’s planned spinoff of its cable channels, is exploring a sale of its youth sports management app, SportsEngine, people familiar with the matter said. It’s the latest indication that the market for youth sports technology is headed for consolidation. SportsEngine is a platform that manages communications and scheduling for kids’ athletic activities across ice hockey, soccer, volleyball and other sports. Versant hasn’t assigned a valuation to SportsEngine, and there... Read more ›
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16.12.2025 10:13
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