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The Information
Juro Osawa @ The Information · 10/24/2025 06:47 EDT

Chinese Humanoid Startup AgiBot Unveils Robot Content Platform

Chinese humanoid robot maker AgiBot on Friday unveiled a “robot content creation platform” that allows users to upload videos of human movements so a humanoid can accurately mimic them. The Shanghai-based startup said that the platform, LinkCraft, will allow end-users with no expertise in ... Read more

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The Information
Rocket Drew @ The Information · 10/24/2025 01:26 EDT

Commerce Dept. Denies Talks for Quantum Investments

The U.S. Commerce Depart. denied that it is “currently negotiating equity stakes with quantum computing companies,” according to CNBC, countering a news report earlier in the day that sent shares of several stocks soaring. Earlier Thursday, The Wall Street Journal reported that the department is ... Read more

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The Information
Kevin McLaughlin @ The Information · 10/24/2025 00:54 EDT

Intel Expects to Benefit as More Companies Adopt AI Apps

On Intel’s third-quarter earnings call, CEO Lip-Bu Tan and CFO David Zinsner said the chipmaker is expecting a boost as more companies shift their spending from training AI models to inference, the process of using trained models to power AI applications. “It is increasingly clear that CPUs play ... Read more

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The Information
Yueqi Yang @ The Information · 10/23/2025 20:00 EDT

Trump Opens Door for Crypto’s Offshore Giants

For crypto’s offshore giants these days, there’s nothing more important than figuring out their Trump playbook. Most are succeeding, as President Donald Trump’s pardon of Binance co-founder Changpeng Zhao today demonstrated. The pardon of Zhao, who was convicted of violating anti–money-laundering laws and served a four-month sentence last year, could ease Binance’s path to taking on the U.S. market. Other offshore crypto firms, notably Tether and Polymarket, have already overcome... Read more

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The Information
Amir Efrati @ The Information 2 place · 10/23/2025 18:10 EDT

Anthropic Says It Will Use Up to 1 Million Google TPU Chips

Anthropic on Thursday said it plans to use up to 1 million Google Tensor processing units to power its artificial intelligence, implying the startup would spend tens of billions of dollars renting TPU servers. The announcement is a show of confidence in Google’s chip as an alternative to Nvidia’ ... Read more

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The Information
Laura Mandaro @ The Information 2 place · 10/23/2025 17:49 EDT

Why AI Startup Acquisitions Are Failing

Over the last few days our reporters have broken news about two merger discussions that fizzled: Adobe, which was interested in buying video startup Synthesia, and SoftBank, which talked with humanoid robotics maker Agility about a takeover. In both cases, the startups ended up pursuing more venture capital funding at higher valuations.These are just the latest instances of aborted acquisition talks involving artificial intelligence startups that we’ve broken over the... Read more

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The Information
Sri Muppidi @ The Information · 10/23/2025 16:36 EDT

OpenAI Acquires AI Startup Software Applications Incorporated

OpenAI on Thursday said it bought Software Applications Inc. for an undisclosed sum. The two-year-old artificial intelligence startup develops Sky, which allows Mac users to take action on their screens and within apps using text-based prompts. “With Sky, AI works alongside you, whether you’re ... Read more

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The Information
Sylvia Varnham O'Regan @ The Information · 10/23/2025 15:18 EDT

Trump Says He Won’t Send National Guard to SF After Calls From Tech ‘Friends’

President Donald Trump has called off plans to send the National Guard on Saturday into San Francisco, after he said friends who live in the area urged him not to go ahead with it. “Great people like Jensen Huang, Marc Benioff, and others have called saying that the future of San Francisco is ... Read more

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The Information
Steve LeVine @ The Information · 10/23/2025 14:57 EDT

Redwood Materials Raises $350 Million for Data Center Batteries

Battery materials company Redwood Materials said Thursday it had raised $350 million  to expand of its new line of business repurposing used batteries to power AI data centers. Its new valuation, of more than $6 billion, is 20% higher than its last fundraising in 2023. The funding, led by ... Read more

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The Information
Kevin McLaughlin @ The Information · 10/23/2025 14:12 EDT

Airbnb CEO Throws Subtle Shade at OpenAI; Khosla’s Enterprise AI Fix

Welcome back! At its developer conference earlier this month, OpenAI showed a forthcoming feature that lets ChatGPT users access services from Expedia, Uber and Spotify directly in the chatbot. Some consumer apps might view such a feature as a threat because it bypasses their sites, preventing them from showcasing other products.For his part, Airbnb CEO Brian Chesky told Bloomberg Wednesday he won’t let people use his company’s travel booking service... Read more

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The Information
Rocket Drew @ The Information · 10/23/2025 14:11 EDT

SoftBank Hunts for Humanoid Robot Startups

SoftBank’s Masayoshi Son has long predicted a future where robots would outnumber people and take over many jobs from humans. But some of SoftBank’s bets in robotics over the past 10 years, such as robot companion Pepper, have not panned out. Now the company is renewing its robot ambitions—particularly in robots that resemble humans. Late last year Son met with representatives from Agility Robotics, a 10-year-old startup led by former... Read more

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The Information
Aaron Tilley @ The Information · 10/23/2025 13:53 EDT

Globalstar’s Stock Moves Up 8% Following Report from The Information

Satellite company Globalstar shares surged nearly 8% on Thursday following The Information’s report that the company has been looking to sell itself for more than $10 billion. The company has been owned by investor James Monroe’s Thermo Companies since 2004 when he acquired the then beleaguered ... Read more

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The Information
Stephanie Palazzolo @ The Information · 10/23/2025 13:47 EDT

Exclusive: Startup Synthesia Discusses GV-Led Fundraise at $4 Billion Valuation

Synthesia, a London-based maker of artificial intelligence software that generates video avatars of people, is in talks to raise a new round of funding led by early investor GV, an investment arm of Google-owner Alphabet, at a $4 billion valuation including the investment, according to two ... Read more

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The Information
Sara Germano @ The Information · 10/23/2025 13:28 EDT

NBA Coach and Player Ensnared in Sports Betting Indictments

The current coach of the NBA’s Portland Trailblazers and a guard for the Miami Heat were among dozens of arrests Thursday morning as part of a sprawling nationwide probe by the FBI into illegal sports betting and gambling schemes, whereby the government alleges that current and former NBA ... Read more

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The Information
Martin Peers @ The Information · 10/23/2025 11:49 EDT

Ellison’s Paramount Has Made Three Bids for WBD

The Ellison family’s Paramount Skydance has made three offers for Warner Bros. Discovery in the past month, at steadily rising prices, the New York Times reported on Thursday. All the offers were rejected. Paramount’s offers for WBD began at $19 a share and rose to $23.50 a share. Before ... Read more

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The Information
Stephanie Palazzolo @ The Information · 10/23/2025 10:00 EDT

Music App Suno Nearly Quadruples Annual Recurring Revenue to $150 Million

You can count the number of breakout consumer AI applications on the fingers of one hand. There’s OpenAI’s ChatGPT and…that’s about it, at least so far. Suno, which helps people create music using conversational prompts, isn’t yet a breakout—but it could be soon. The company is generating around $150 million in annual recurring revenue from subscriptions to its app, up nearly four times from a year ago, according to a... Read more

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The Information
Juro Osawa @ The Information 3 place · 10/23/2025 09:56 EDT

HongShan Leads Fundraising in AI Agent Genspark

HongShan, the Chinese venture capital giant formerly known as Sequoia Capital China, is leading the funding round in artificial intelligence agent Genspark that will value the startup at more than $1 billion, according to two people with knowledge of the deal. Genspark has secured commitments ... Read more

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The Information
Ann Gehan @ The Information 3 place · 10/23/2025 09:46 EDT

Amazon Launches New AI Recommendation Feature To Help Shoppers Make Decisions

Amazon launched a new artificial intelligence-powered product recommendation feature Thursday, the e-commerce giant’s latest move to incorporate more AI features into both its consumer-facing shopping experience as well as the systems that power its search and recommendation features. The new ... Read more

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The Information
Aaron Tilley @ The Information · 10/23/2025 09:30 EDT

Could Apple and Musk’s SpaceX Finally Do a Satellite Deal?

A few years ago, Elon Musk pitched Apple unsuccessfully on the idea of his company, SpaceX, providing satellite connectivity to iPhones. There are tantalizing hints that such a deal could be back on the table. In recent months, in anticipation of a possible future arrangement with Apple, SpaceX has added support in its new satellite designs for the same radio spectrum Apple uses for the iPhone’s current satellite features, which... Read more

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The Information
Juro Osawa @ The Information · 10/23/2025 08:52 EDT

TikTok Revamps Management Team To Empower Chinese Executives

TikTok is implementing drastic leadership changes that pull the video app closer to the orbit of its parent ByteDance, just as Washington and Beijing are on the cusp of reaching a deal over the app’s future in the U.S. TikTok’s global content and distribution partnership teams, both led by Western executives, will be moved under Fiona Zhi, a Bytedance veteran who has been TikTok’s product chief since 2023, according to... Read more

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