As the action unfolded at the BNP Paribas Open this week, The Information gathered dozens of tech and finance leaders for two days of tennis and tech conversations on the sidelines of the conference in Indian Wells, Calif., near Palm Springs. Read more âș
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There are fierce battles over principles, and then there are grudge matches. In recent days, Anthropic has engaged in an extraordinary mix of both. For over a week, the AI startup and its CEO, Dario Amodei, have been locked in an intense struggle with the Pentagon over Anthropicâs refusal to let the military use its technology for domestic surveillance and to control autonomous weapons systems. The Pentagon on Wednesday took... Read more âș
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SoftBank Group is working with four banks including JPMorgan Chase on a $40 billion loan to help fund its new investment in OpenAI, Bloomberg reported. The bridge loan would have a one-year tenor and be the largest U.S. dollar-denominated loan the Japanese company has ever taken out, Bloomberg ... Read more âș
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Oracle and OpenAI will not expand their data center footprint at their Abilene, Texas campus beyond the initial 1.2 gigawatts, at a site being developed by startup Crusoe, according to people with direct knowledge of the situation. Oracle has leased eight buildings in Abilene for OpenAI, with ... Read more âș
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Top technology banker Niall Cannon is leaving Citi to join Morgan Stanley as a senior investment banker focusing on software, according to people familiar with the matter. Cannon was most recently a vice chairman of Citiâs global technology investment banking and also served as its global ... Read more âș
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Microsoft will keep selling Anthropic modelsâand other products powered by its modelsâto most customers after the Pentagon said it was designating Anthropic a supply chain risk, Microsoft said late Thursday. The software-and-cloud giant said its lawyers determined that the Pentagonâs designation ... Read more âș
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When Anne Wojcicki was considering whether she should try to save her lifeâs work, genetic testing pioneer 23andMe, from bankruptcy last year, many within her inner circle offered the same advice. âThere was no shortage of people who would come to me and say, âYou can walk away: Itâs fine,ââ she recalled last month, seated on a sunny patio at 23andMeâs Palo Alto, Calif., headquarters, speaking at length about the... Read more âș
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Online retailer Quince is in talks with investors to raise a funding round that would value the company at above $10 billion after the investment, according to a person with knowledge of the plans. If the talks are successful, the buzzy online brand would more than double its valuation from its last funding round. The fundraise follows continued rapid growth at the eight-year-old company, thanks to heavy promotion on Instagram... Read more âș
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Anthropic CEO Dario Amodei on Thursday apologized for writing a memo to staff in which he said the Trump administration didnât like Anthropic in part because the company hadnât âgiven dictator-style praise to Trump.â Amodei said he apologized for âthe tone of the post,â adding: âIt does not ... Read more âș
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Iâve spent the last week talking to people who are in town for Morgan Stanleyâs annual technology, media and telecom conference at the Palace Hotel this week. Even before the fireworks last week between the Pentagon and Anthropic, the gathering was sure to be buzzy, given the lineup of richly valued private startupsâincluding OpenAI and Anthropicâand the havoc their growth has been wreaking on software stocks.Indeed, conference goers were so... Read more âș
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This wasnât a fun day on Wall Streetâthe S&P 500 fell 0.5%âbut one group of stocks bucked the downward trend. That would be those of several travel-booking and food-delivery firms, such as DoorDash, Booking Holdings and Expedia, which climbed between 3% and 13%. One likely reason is OpenAIâs astounding retreat from offering shopping directly in ChatGPT. While it wasnât a travel-booking or food-delivery service, investors had clearly been worried it... Read more âș
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Together AI, one of several up-and-coming cloud providers renting out Nvidia chip servers to AI developers, is in talks with investors to raise around $1 billion in funding at a $7.5 billion valuation before the investment, according to two people with knowledge of the fundraise. The funding would more than double its valuation from a year ago and could boost Nvidiaâs efforts to diversify its base of customers as investors... Read more âș
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Shares of companies including Booking.com and Expedia rose nearly 8.5% and 13%, respectively, on Thursday, following a report from The Information that OpenAI would abandon plans to sell goods directly in ChatGPT in favor of putting checkouts inside apps that plug in to ChatGPT. The change ... Read more âș
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Some U.S. officials are drafting rules requiring companies and other governments to seek Commerce Department approval to buy AI chips that end up outside the U.S., according to a U.S. official briefed about it. The rules, earlier reported by Bloomberg, arenât finalized and could ... Read more âș
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The Defense Department has officially told Anthropic that the artificial intelligence company and its products âare deemed a supply chain risk, effective immediately,â according to a senior defense official. The declaration follows an announcement on social media last Friday by Defense Secretary ... Read more âș
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Last week, my colleague Qianer tested an AI agent inside Alibabaâs Qwen app, which resembles ChatGPT. She asked to get a ticket to see Pegasus 3, a comedy film about a race car driver that has been topping the Chinese box office. The agent found the nearest theater showing the movie and recommended seats and screening times for later in the day. Liu then authorized the booking. As OpenAI, Google... Read more âș
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Oracle is planning to cut thousands of employees as soon as this month, according to a Bloomberg report, which said the cuts will be âwider-reachingâ than the firmâs typical rolling reductions. Some of the job cuts will impact people who work in roles the firm expects it will no longer need due ... Read more âș
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Weapons maker Anduril expects to roughly double revenue this year to about $4.3 billion, while its operating loss would rise by nearly half to $1.2 billion, according to confidential financial figures shared with prospective investors. The privately held company is raising $4 billion, valuing it at about $60 billion, in a deal led by existing investors Andreessen Horowitz and Thrive Capital. The new capital would help offset substantial operating losses... Read more âș
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Wow, what a day of news! In case you missed it (which would have been difficult), we broke a number of stories yesterday regarding OpenAI and Anthropic. Most memorable was this piece about the fiery, 1,600-word memo Anthropic CEO Dario Amodei penned to staff last Friday criticizing the OpenAI-Pentagon deal. (You can check out the full memo here for some of the fun phrases Amodei uses.) Though the memo garnered... Read more âș
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Chinese tech heavyweights including Alibaba Group, ByteDance and Tencent Holdings are turning to domestic chipmakers to ease the pain from a deepening global shortage of memory chips, according to four people with direct knowledge of the matter. The three companies are in talks to buy more standard memory chipsâknown as DRAM, or dynamic random-access memory, and NAND flash, which stores data long-termâfrom two Chinese companies to keep their data centers... Read more âș
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06.05.2026 17:07
Last update: 17:00 EDT.
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