Databricks, a provider of database management software, has discussed raising more money in a funding round that could kick off within the next month, according to multiple people with direct knowledge of the conversations. Databricks has indicated to investors the new round could lift its valuation to between $165 billion and $175 billion. That would mark a jump from its $134 billion valuation, including the money raised, in a round... Read more ›
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OpenAI on Monday had good news and bad news for the media corps that avidly follows its every twist and turn. The good news is that it filed confidentially to go public, a week after Anthropic did the same thing. (Yippee!) The bad news: OpenAI said it has “not decided on timing yet” and “it may be a while because there are things we want to do that are likely... Read more ›
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OpenAI said on Monday that it has filed draft paperwork for an initial public offering with the Securities and Exchange Commission, a week after rival Anthropic said it had done the same. OpenAI also plans to let employees sell their shares ahead of the IPO, according to a person familiar with ... Read more ›
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Apple launched a much anticipated new version of its Siri voice assistant at the start of its annual developer conference on Monday, which users will be able to access through a new Siri app. The refreshed voice assistant, now called Siri AI, which uses Google’s Gemini models, will allow users ... Read more ›
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On a dusty stretch of prairie in Abilene, Texas, anxious hardware engineers from Crusoe, a data center developer for OpenAI and Oracle, have been working overtime to get natural gas turbines to work harmoniously with one of the most expensive AI supercomputers in history.It has proven harder and more costly than expected, according to two people with direct knowledge of the issue as well as engineers and power grid experts... Read more ›
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Goldman Sachs and JPMorgan are exploring ways to trade on the cost of computing power, according to people familiar with the matter. That includes trading futures contracts tied to rental prices for graphics processing units, among the scarcest resources of the AI boom, which exchanges plan to list later this year. The discussions show how the hundreds of billions of dollars pouring into data centers and chips are reshaping financial... Read more ›
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Last week, Anthropic boasted that Claude is now writing 80% of Anthropic’s code, which the company presented as a harbinger of a critical leap in artificial intelligence called recursive self-improvement. That’s when models are so capable that they can create the next generation of AI without human involvement. Excitement about recursive self-improvement seems to be in the air in Silicon Valley. Last month OpenAI sponsored a conference on the topic... Read more ›
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Italian conglomerate Bending Spoons, which has acquired a string of aging U.S. internet businesses including AOL, Eventbrite, Evernote and Vimeo, filed to go public in the U.S. to give it the funds to pursue more acquisitions. The company’s IPO paperwork shows Bending Spoons’ revenue ... Read more ›
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TSMC’s capacity struggles are turning into a boon for Intel. As the Taiwanese chip making giant struggles to meet overwhelming demand for its chip manufacturing capacity, several major AI chip design companies, including Google and Nvidia, are quietly turning to Intel as a backup manufacturer for their most advanced processors, according to four people with direct knowledge of the discussions. Read more ›
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Nvidia and SK Hynix have signed a multiyear deal to work together on advanced memory chips, as AI demand strains global memory supply. The agreement covers chip design and manufacturing, and includes memory for Nvidia’s Vera Rubin platform, its next major AI system. The deal, announced during ... Read more ›
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This promises to be an action-packed week. On Monday, Apple kicks off its annual Worldwide Developers Conference, or WWDC for short, where the tech giant is expected to unveil a new operating system for its mobile devices, complete with more advanced AI features. And then later in the week, SpaceX is scheduled to go public.Rather than add to the acres of text and video already expended on the Elon Musk... Read more ›
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Revolut, a London-based financial app, is aiming to sell at least $750 million worth of shares in a secondary sale set to kick off next week, with the total potentially pushing far higher amid early signs of strong investor demand, according to a person with knowledge of the discussions. There is already enough investment interest to increase the size of the offering to $2 billion, the person said, though the... Read more ›
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Sriram Krishnan, a top AI policy advisor in the Trump administration, is leaving the White House, The Information reported on Saturday. Krishnan later confirmed his decision in a post on X. Krishnan is planning to start a policy institute that will support the administration’s AI plans, ... Read more ›
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Anthropic’s filing of its initial public offering paperwork last week means the maker of Claude Code has pulled slightly ahead of OpenAI as the two go head-to-head with their planned IPOs. While bankers and lawyers say there are good reasons for a company to beat its rival to the public markets, especially if it fears its rival’s offering will outshine it, that won’t necessarily help the stock outperform, a review... Read more ›
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Sriram Krishnan, a top AI policy advisor in the Trump administration, plans to leave his position at the end of June, according to a person with direct knowledge of the move and a statement viewed by The Information. Krishnan has discussed starting a policy institution following his time in the White House, according to two people familiar with the matter. It will be staffed with engineers that will support the... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: The quiet VIP of SpaceX’s wild IPO• SpaceX millionaires mull IPO windfalls: a house, a college fund—or ‘chill on a beach’?• SpaceX mafia see IPO as liftoff opportunity for their startups too • Plus, Recommendations—our weekly pop culture picks: “Where the River Took Us,” “Villa Coco” and “Star City” Just by definition, the largest IPO in history is a singular matter. But... Read more ›
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SpaceX’s expected IPO next week will mean a banner day for many of Silicon Valley’s biggest names. But given the offering’s stratospheric size—it’s the largest ever stock market debut—it will also create life-altering wealth for a cast of lower-profile overnight billionaires, centimillionaires and millionaires. In some cases, those people never expected such a windfall. Jeremy Hollman, SpaceX employee No. 11, recalled often wondering whether the value in the shares he... Read more ›
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SpaceX’s offices in Texas and California may host the most raucous celebrations when the company’s shares start trading this coming Friday—but an extensive network of companies founded by SpaceX alums will also be popping bottles of bubbly. Read more ›
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Speaking with reporters on Friday, President Donald Trump said that he plans to meet with AI companies in the near future to discuss financial “partnerships,” though he did not share further details on what the deals would look like. The remarks come after a Thursday report from NOTUS that ... Read more ›
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Semiconductor stocks sold off on Friday after going on a historic tear over the last several weeks, partly in response to May’s excellent jobs report that fueled speculation about an interest rate hike. Chip maker Marvell fell 17% while memory maker Micron and chip design firm Arm each fell 13%. ... Read more ›
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12.06.2026 04:36
Last update: 04:25 EDT.
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