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The Information
Anissa Gardizy @ The Information · 03/07/2025 19:27 EDT

Elon Musk’s artificial intelligence company xAI purchased a 1-million-square-foot warehouse in Memphis, Tenn., which it plans to use for its second data center for AI in the area, an executive told The Daily Memphian. Brent Mayo, an xAI manager who worked on xAI’s first Memphis data center, ... Read more ›

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The Information
Kaya Yurieff @ The Information · 03/07/2025 18:36 EDT

Kevin O’Leary, the “Shark Tank” host who is working with billionaire Frank McCourt on an effort to buy TikTok’s U.S. assets, said a deal could be a chance to show improved U.S. and China relations. “What do these two leaders want to signal to the world about cooperation?” O’Leary said on Friday ... Read more ›

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The Information
Yueqi Yang @ The Information · 03/07/2025 18:20 EDT

Gemini, the crypto exchange founded by billionaire twins Cameron and Tyler Winklevoss, has filed confidentially for an initial public offering, Bloomberg reported. The exchange is working with Goldman Sachs and Citi as advisers and may go public as soon as this year, the outlet said, citing ... Read more ›

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The Information
Yueqi Yang @ The Information · 03/07/2025 18:04 EDT

The Office of the Comptroller of the Currency announced Friday it has rescinded its crypto guidance issued during the Biden administration, the most significant crypto-friendly pivot by a federal banking regulator so far under the new Trump administration. The OCC said it will no longer require ... Read more ›

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The Information
Martin Peers @ The Information · 03/07/2025 18:00 EDT

Google Is Still Behind in AI. Why?

Here’s an exercise: Try asking a selection of AI chatbots for a list of the big tech news stories of the day. OpenAI’s ChatGPT and xAI’s Grok both deliver a good list of specific stories—ChatGPT even offers links. Google’s Gemini, not so much: Its list is a bunch of vague bullet points with no examples. Gemini’s performance was no better when I asked it, along with ChatGPT and Grok, to... Read more ›

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The Information
Erin Woo @ The Information · 03/07/2025 17:25 EDT

Google DeepMind has disbanded its “product impact unit,” whose goal was to incorporate DeepMind research into Google products, as it attempts to streamline the process of creating AI products, DeepMind leader Demis Hassabis told employees on Thursday. “This move is designed to optimize and ... Read more ›

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The Information
Natasha Mascarenhas @ The Information · 03/07/2025 16:51 EDT

Now that the word is out about the maker of Cursor, an artificial intelligence-powered coding assistant, talking to investors about a new round that would value it at $10 billion, it’s important to explain why a deal may happen at that price.The new valuation—up four times from a deal struck just three months ago—would actually be in line with other recent investments involving high-profile AI startups, as a multiple of... Read more ›

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The Information
Jessica E. Lessin @ The Information · 03/07/2025 16:35 EDT

America’s Crypto Reserve, Nvidia’s $600M Hit & Digg’s Comeback

This week, the gang dissects Trump’s crypto reserve play, the truth about live sports and how nostalgia is sneaking back into everything. YouTube Apple Podcasts Spotify Read more ›

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The Information
Catherine Perloff @ The Information · 03/07/2025 16:32 EDT

AI search startup Perplexity has struck an unusual marketing partnership with The Daily Wire’s The Ben Shapiro Show. Instead of the podcast promoting Perplexity in a typical ad read by the host, Shapiro will use Perplexity to fact check and add context during a segment on his show, Adweek ... Read more ›

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The Information
Martin Peers @ The Information · 03/07/2025 15:46 EDT

Apple has delayed the rollout of more personalized Siri features powered by artificial intelligence, the company told the Daring Fireball blog, in the latest sign of the struggles the iPhone maker is having in AI. In a statement from Apple published by Daring Fireball, the company said that the ... Read more ›

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The Information
Abram Brown @ The Information 1 place · 03/07/2025 12:51 EDT

On the barren outskirts of Abilene, Texas, traffic had snarled to a crawl: It was shift-change time at Project Stargate, and as several hundred workers drove off the 800-acre site that contains the debut Stargate data center, plumes of dust from the red clay dirt followed the caravan of pickup trucks out of sight. Even without the oxidized haze, no one would’ve had their windows open. On this early evening... Read more ›

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The Information
Aaron Holmes @ The Information · 03/07/2025 09:56 EDT

Staff in Microsoft’s artificial intelligence unit recently finished training a new family of AI models, internally dubbed MAI, that they think can perform nearly as well as leading models from labs like OpenAI and Anthropic, according to a person involved in the effort. The initiative is part of ... Read more ›

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The Information
Yueqi Yang @ The Information 2 place · 03/07/2025 09:13 EDT

Trump Signs Executive Order to Build Bitcoin Reserve

President Donald Trump signed an executive order Thursday to establish a U.S. bitcoin reserve and a digital asset stockpile for non-bitcoin tokens, ahead of the first-ever White House crypto summit on Friday. But crypto prices dropped following the announcement, because the stockpile will only ... Read more ›

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The Information
Aaron Holmes @ The Information 2 place · 03/07/2025 09:00 EDT

Mustafa Suleyman wasn’t getting the answers he wanted. Last fall, during a video call with senior leaders at OpenAI and Microsoft, Suleyman—who leads Microsoft’s in-house artificial intelligence unit—wanted OpenAI staffers to explain how its latest model, o1, worked, according to someone present for the conversation and two other Microsoft employees who were briefed on it. He was peeved that OpenAI wasn’t providing Microsoft with documentation about how it had programmed... Read more ›

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The Information
Kaya Yurieff @ The Information · 03/07/2025 06:16 EDT

Passes and Fanfix, which operate competing apps that connect creators to paying fans, discussed a merger in recent months but abandoned the talks, according to both companies. The talks, which haven’t previously been reported, came to light as part of an increasingly acrimonious dispute between ... Read more ›

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The Information
Nick Wingfield @ The Information · 03/06/2025 22:46 EDT

The U.S. Department of Labor is examining whether Scale AI has violated a federal labor law that governs the minimum wage, overtime pay and whether workers are classified as independent contractors or employees, TechCrunch reported. The investigation has been active since at least August 2024, ... Read more ›

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The Information
Kaya Yurieff @ The Information · 03/06/2025 22:37 EDT

Passes Escalates Fight With Rival Fanfix

Creator membership startup Passes sent a cease-and-desist letter to its rival Fanfix on Thursday, claiming some of its employees are engaging in a “smear campaign” against Passes, according to a person close to Passes. The letter, which was viewed by The Information, alleges that Fanfix has made ... Read more ›

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The Information
Nick Wingfield @ The Information · 03/06/2025 20:20 EDT

Flights Halted After SpaceX’s Starship Rocket Explodes

Airports in Miami, Fort Lauderdale and elsewhere in Florida grounded plane flights due to a risk of debris after the explosion of a portion of SpaceX’s Starship rocket, according to the Federal Aviation Administration. The upper stage of Starship experienced a “rapid unscheduled disassembly ... Read more ›

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The Information
Martin Peers @ The Information · 03/06/2025 20:00 EDT

What country is Treasury Secretary Scott Bessent living in? Apparently not the U.S., judging by his statement on Thursday that “access to cheap goods is not the essence of the American dream.” Really? He’s never seen the crush of people outside a store on the day after Thanksgiving, or witnessed people lining up outside sample sales in New York? You might say that for many people, a good bargain is... Read more ›

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The Information
Yueqi Yang @ The Information · 03/06/2025 19:50 EDT

Sam Bankman-Fried Slams Biden, Praises Trump in Jailhouse Interview

Sam Bankman-Fried criticized former President Joe Biden in a podcast interview with former Fox News host Tucker Carlson, saying he became a major donor to Republicans in late 2022 because of the Biden administration’s crackdown on the crypto industry. The former FTX CEO, currently serving a ... Read more ›

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