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The Information
Erin Woo @ The Information · 07/21/2026 21:20 EDT

OpenAI Names Two Banking CEOs to Board of Directors

OpenAI said on Tuesday that it was adding two new members to its board of directors, Nubank CEO David Vélez and Bank of New York Mellon CEO Robin Vince. “David and Robin are exceptional leaders who have used technology to reshape financial services and expand opportunity at global scale,” Bret ... Read more

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The Information
Martin Peers @ The Information · 07/21/2026 20:01 EDT

Who says software is dead? Jack Dorsey’s Block today unveiled a new “collaboration workspace”—software people can use to communicate and work together—which Dorsey says aims to reduce “our dependency on Slack and GitHub.” That’s a bit of a provocative statement from Dorsey, who also co-founded Twitter and therefore knows a thing or two about communication platforms (even if he was a dismal CEO of Twitter).  Known as Buzz, the new... Read more

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The Information
Julia Hornstein @ The Information · 07/21/2026 19:23 EDT

Venture’s AI Fever Goes Nuclear

Before we get to today’s column, check out our story from earlier today about Mercor. My colleague Cory and I reported that Mercor generated $614 million in gross revenue in the first half of this year, overwhelmingly from AI foundation model customers. That concentration highlights the risk to Mercor’s business if any of the big AI firms, which include OpenAI and Anthropic, switch to a rival.Of course, Mercor’s co-founders are... Read more

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The Information
Jyoti Mann @ The Information · 07/21/2026 18:36 EDT

Meta’s AI Incubator Is Developing an OpenRouter Rival to Cut Coding Costs

Meta Platforms’ internal incubator for AI-powered products and tools is developing a version of the OpenRouter service that would help cut costs by sending some AI tasks to lower-cost models. The incubator, called AAI Labs, is part of Meta’s Applied AI Engineering team, which Meta set up in March and allows employees to pitch AI-powered products and services for internal use—and possibly later release them to the public. Once a... Read more

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The Information
Phoebe Liu @ The Information · 07/21/2026 18:02 EDT

AI Server Maker Supermicro Surged 17% After Announcing New Orders

Supermicro said Tuesday it had received new orders worth more than $60 billion in its June quarter, sending its shares up 17% after normal trading hours. The Nvidia server producer made the announcement in a preliminary business update ahead of the company’s official earnings release Aug. 11. It ... Read more

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The Information
Aaron Holmes @ The Information · 07/21/2026 17:49 EDT

OpenAI Says Its AI Broke Containment, Went to Internet and Hacked Hugging Face

OpenAI said Tuesday that an AI agent it developed went rogue last week and hacked into the systems of AI model repository Hugging Face. OpenAI said that it was testing the agent, powered by its most advanced publicly available model, GPT-5.6 Sol, and other unreleased models to see how well it ... Read more

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The Information
Kevin McLaughlin @ The Information · 07/21/2026 17:34 EDT

AWS VP Who Led Agent-Building Service Departs After Eight Months

David Richardson, an early Amazon Web Services employee who rejoined the cloud unit last September to lead a key AI agent-building product, left in April after eight months in the role, according to people with knowledge of the matter and his updated LinkedIn profile. Richardson was vice ... Read more

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The Information
Laura Bratton @ The Information · 07/21/2026 14:45 EDT

Anthropic’s models may be unparalleled at coding, but they’re less capable of powering AI voice and chat applications for customer service than other AI providers. That’s according to data from NiCE, a customer service software provider whose clients include Toyota, Allianz, Nestle and Frontier Airlines.Anthropic’s models have a relatively long “time to first token,” the time it takes them to begin generating a response after receiving a request, said Neeraj... Read more

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The Information
Erin Woo @ The Information · 07/21/2026 13:17 EDT

Google Releases New Gemini Flash Models, But Flagship Still Delayed

Google on Tuesday announced three new versions of its more efficient “Flash” Gemini models, including one focused on cybersecurity. But Google offered no update on the timing for its long-awaited 3.5 Pro model, expected to be its next flagship model. At Google’s developer conference in May, CEO ... Read more

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The Information
Leo Schwartz @ The Information · 07/21/2026 11:47 EDT

As debate swirls in Washington, D.C. about how to regulate open-source Chinese AI models, Treasury Secretary Scott Bessent reiterated on Tuesday that the Trump administration supports open source, but does not support the theft of intellectual property. “If we see especially that overseas models ... Read more

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The Information
Phoebe Liu @ The Information · 07/21/2026 11:01 EDT

Over the weekend, tech blogger Robert Scoble claimed Anthropic was in the process of acquiring Physical Intelligence, an AI robotics software developer that was most recently in talks to raise capital at a valuation of $11 billion. Scoble’s claim sent X into a frenzy.Scoble may not be right, as Physical Intelligence CEO Karol Hausman denied to employees that anything was afoot—in a slack message, he shared a gif of a... Read more

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The Information
Grace Kay @ The Information · 07/21/2026 10:25 EDT

Tesla announced on Tuesday that it had added two new Robotaxi hubs in Tampa and Orlando, Florida. That follows the driverless service’s launch in Miami earlier this month, its first expansion in Florida. In total, Tesla has six Robotaxi hubs, which includes three service areas in Texas. The ... Read more

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The Information
Aaron Holmes @ The Information · 07/21/2026 09:35 EDT

Microsoft Commits Billions for ‘Shared’ GPUs With Europe’s Mistral

Microsoft will spend billions of dollars to purchase new Nvidia GPUs that it plans to share with the European AI startup Mistral, the two companies announced Tuesday. The move follows Microsoft’s pledge last year to spend more money on building new data centers in Europe, which Microsoft ... Read more

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The Information
Julia Hornstein @ The Information · 07/21/2026 09:00 EDT

Mercor, a three-year-old data startup whose army of contractors teaches AI to give better answers, is growing fast but relies heavily on revenue from AI foundation model companies, financial documents seen by The Information show. The company generated $614 million in gross revenue in the first half of the year, up 70% from all of last year, according to the documents. About 91% of the first half revenue came from... Read more

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The Information
Juro Osawa @ The Information · 07/21/2026 04:53 EDT

Ant International, an overseas affiliate of Chinese financial technology giant Ant Group, said it had raised about $1.2 billion in a funding round to further expand its global payment network. Ant Group and its affiliate Alibaba Group, as well as other global institutional investors, ... Read more

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The Information
Henry Siu @ The Information · 07/21/2026 03:59 EDT

China’s Zhipu AI Builds Data Center Using Only Domestic Chips

Chinese AI developer Zhipu AI has completed the construction of a large-scale data center in China that only uses domestic chips, Bloomberg and Chinese media outlets reported. The new 1-gigawatt data center is the latest indication of how China’s AI sector is stepping up its effort to reduce its ... Read more

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The Information
Martin Peers @ The Information · 07/20/2026 20:00 EDT

The Debate About Chinese Open-Source AI; Ellison’s Bad Day

How protectionist is the Trump administration? Sure, President Donald Trump loves tariffs. But does he really want to drive up AI costs for U.S. business by banning Chinese open-source AI? Chatter about that is growing in the wake of a story we published on Saturday, which revealed that the administration had discussed the idea of banning open source last year. Axios, meanwhile, reported on Monday that last week’s release of... Read more

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The Information
Leo Schwartz @ The Information · 07/20/2026 13:30 EDT

Chris Fall, the director of the Commerce Department’s Center for AI Standards and Innovation, is resigning after just three months on the job, a Commerce Department spokesperson confirmed. Axios earlier reported the news. Dr. Arvind Raman, the director of the National Institute of Standards and ... Read more

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The Information
Erin Woo @ The Information · 07/20/2026 11:56 EDT

Alphabet stock jumped 3% on Monday morning after The Information reported that Google was working on a new chip that could be 6 to 10 times more efficient than its current line of homegrown AI chips. The new chip, internally dubbed “Frozen v2,” works by etching the blueprint for Google’s Gemini ... Read more

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The Information
Steve LeVine @ The Information · 07/20/2026 10:30 EDT

China’s Windrose Needed U.S. ID Numbers. So It Borrowed a Georgia Address

The last thing a consumer pondering the purchase of a new electric truck might think about is the origin of the 17-digit vehicle identification number that vehicle authorities everywhere use to keep track of cars and trucks. For Chinese long-haul truck startup Windrose Technology, though, the VIN numbers put on a handful of its trucks shipped to the U.S. turned out to be a problem. By March last year, Windrose... Read more

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