Kalshi was sued by users for failing to pay $54 million to people who bet that Iranian Supreme Leader Ayatollah Ali Khamenei would leave office before March 1, after he was killed during the U.S. and Israeli airstrikes last month. After Khamenei’s death, Kalshi said it couldn’t pay out any ... Read more ›
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Elon Musk said in a press release posted to SpaceX’s website Monday that the space company had acquired xAI. Musk did not provide details of the purchase price or how the deal could affect SpaceX’s potential IPO this year. “SpaceX has acquired xAI to form the most ambitious, ... Read more ›
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SpaceX chief financial officer Bret Johnsen was scheduled to hold a call with investors at 5 pm EST on Monday to discuss the company’s acquisition of xAI, according to a person with direct knowledge. The call comes as some SpaceX investors are concerned about having their shares of the rocket ... Read more ›
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Snowflake has inked a $200 million, multi-year agreement with OpenAI, under which it will incorporate the startup’s AI models in its own application-building service and equip its employees with OpenAI’s business version of ChatGPT. The agreement with Snowflake, which sells a cloud database ... Read more ›
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There are plenty of tech luminaries whose correspondence with Jeffrey Epstein has turned up in the files of the disgraced financier. But few of those exchanges are quite like those that Epstein had with Masha Bucher, who is now a well-known venture capitalist. On June 25, 2019, 11 days before Epstein was arrested and charged with sex trafficking of minors, he asked Bucher—who was then acting as a publicist for... Read more ›
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Elon Musk appeared to confirm that SpaceX and xAI are considering a merger in an X post on Monday. Musk responded “yes” to a post from a space-focused investor who quoted a Bloomberg story about SpaceX and xAI being in advanced merger talks. In the post that Musk responded to, the investor Aaron ... Read more ›
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Right now, money and attention is focused on building infrastructure for AI. What’s coming next, though, is AI for infrastructure: using the very same technology to make the power and industrial systems we’re building cheaper, better and faster.Since its founding in 2016, venture investor Blue Bear Capital has allocated about $350 million across 40 startups that boost grid efficiency, increase performance of renewables and industrial assets, and better analyze energy... Read more ›
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If you’ve been online in the past few days, you’ve likely been bombarded with words like “Moltbook,” “OpenClaw” and “Clawdbot.” We’re here to break down what it means and how it’s giving us a peek into how AI might evolve.OpenClaw is an open-source AI agent released late last year that can write code, edit files and surf the web to complete tasks on behalf of users. (The agent was originally... Read more ›
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Microsoft is in Wall Street’s doghouse. The company’s shares have lagged the S&P 500 index for the past few months, and the big stock sell-off that followed last Wednesday’s earnings report has left them trading at their lowest value, as a multiple of operating profits, since 2022. Investors were responding to a slight slowdown in growth at the company’s closely watched cloud computing business, Azure—but they’re missing the bigger picture.... Read more ›
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Walt Disney Co. reported a sharp drop in profits from its entertainment segment for the December quarter, as lower profits from its TV networks offset better results from its streaming business. Profits from Disney’s sports segment, which includes ESPN, also fell. Overall Disney reported 5% ... Read more ›
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Oracle said Sunday it plans to raise between $45 billion and $50 billion this year through a mix of debt and equity to fund the rapid expansion of its cloud computing business. Oracle said the funds will go toward data center development to serve several large customers including OpenAI, ... Read more ›
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An entity linked to a member of the United Arab Emirates royal family secretly purchased 49% of President Trump’s family’s crypto company, World Liberty Financial, the Wall Street Journal reported. Aryam Investment 1, a firm backed by Sheikh Tahnoon bin Zayed Al Nahyan, made a $500 million ... Read more ›
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If you like poring over earnings reports (and who doesn’t!), then you’ll be in your happy place this coming week. We’ve got so many tech earnings announcements that we can barely keep track. I’m not kidding—couldn’t these tech executives space things out a little bit? The biggest reports will be on Wednesday, when Google parent Alphabet reports (along with Uber, Snap, Qualcomm and Arm). On Thursday, Amazon reports, as well... Read more ›
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Amazon Web Services CEO Matt Garman has been overhauling the cloud giant’s AI product leadership to speed its development of new AI software for businesses. Among more recent moves, AWS hired a former Microsoft executive to lead a suite of enterprise search and agent-building tools, and brought back a former AWS executive who did a stint at Stripe to oversee another agent effort. The hirings were part of a broader... Read more ›
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AI firms are promoting shopping as a new area of growth for chatbots, and retail giants and payments companies don’t want to be left out. That’s spawned a web of partnerships among companies that could make money off AI-fueled purchases. We’ve mapped out the alliances between 10 companies at the center of the high-profile AI shopping efforts in the table below. For now, these deals add up to an unusual... Read more ›
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SpaceX has asked for permission to launch as many as 1 million satellites into space to function as a massive orbital data center, according to a company filing with the Federal Communications Commission. The filing outlines a plan for a satellite system that would be far larger than has ever ... Read more ›
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Shares of videogame software creator Unity fell 24% Friday after Google unveiled Project Genie, a tool customers can use to create virtual worlds. Shares of other videogame-related firms Take Two and Roblox dropped 8% and 13%, respectively. The selloff likely wiped out tens of billions of ... Read more ›
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Welcome, Weekenders! Firstly, I want to tell you about an exciting addition to The Information’s Weekend section: reporter Eli Rosenberg, an alum of The New York Times, The Washington Post and the San Francisco Chronicle. He’ll cover tech wealth and culture—just as a slate of potential mega-IPOs from the likes of SpaceX, OpenAI and Anthropic means everyone in Silicon Valley will have even more money. Read more about Eli and... Read more ›
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Reaching for a metaphor to describe AI and today’s moment of technological upheaval, the Rev. Brendan McGuire picked out a whopper. “When fire was first discovered, it changed humanity: We learned how to reward ourselves,” hunting and then cooking over the flames, said McGuire, pastor of St. Simon Catholic Parish in Los Altos, Calif. “And it became essential for human life.” Just then, McGuire stopped and briefly reconsidered himself. “Ok,... Read more ›
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In the last several weeks, Anthropic’s Cowork has captured considerable attention. And no wonder—Cowork has an alluring promise: that it can apply all the power of Anthropic’s coding agent, Claude Code, to nonprogramming tasks in a simple tool. The reality is, like many freshly hired human co-workers, Anthropic’s tool has some potential—if you’re willing to invest the time. When I spent a couple days with Cowork, I got it to... Read more ›
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Another boom time has come to Silicon Valley, pouring an unprecedented amount of capital into AI—and making the industry’s moguls richer. How are they spending that money today, and what will interest them in the future—especially with mega-IPOs for OpenAI, Anthropic and SpaceX on the horizon? How will such an influx of money alter the Bay Area and other parts of America? What pastimes, pursuits and philanthropies will occupy the... Read more ›
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14.03.2026 14:00
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