Databricks, a database provider whose tools help customers develop and use AI, is in talks to raise money at a valuation of more than $130 billion, up around 30% from its valuation in a financing round just two months ago, The Information reported late Monday. The company, which has raised more ... Read more ›
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Databricks, a database provider whose tools help customers develop and use AI, is in talks to raise money at a valuation of more than $130 billion, up around 30% from its valuation in a financing round just two months ago, according to two people involved in the discussion. The possible capital raise reflects investor interest in companies providing cloud software to AI developers and which are generating cash. Databricks hasn’t... Read more ›
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Lawrence Summers, former U.S. Treasury Secretary and president of Harvard University, said Monday he will step back from all public commitments after the Harvard Crimson disclosed his correspondence with convicted sex offender Jeffrey Epstein. Summers is a member of OpenAI’s board of directors ... Read more ›
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Who let the dogs out? Shares of Google parent Alphabet, which was in Wall Street’s doghouse for the past couple of years, are now running freely. Friday night’s news that Warren Buffett’s Berkshire Hathaway had bought a $4.3 billion stake in Alphabet sent the shares rising 3% on Monday, even as other tech stocks sagged amid a broader market sell-off. It was the latest piece of good news for Google,... Read more ›
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Thinking Machines Lab, the company co-founded by ex-OpenAI Chief Technology Officer Mira Murati, is in talks with potential investors to raise about $5 billion in the startup’s next round of funding, according to a person who spoke with Murati. That target would more than triple the capital the ... Read more ›
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Online marketplace Faire announced a tender offer Monday to buy employee shares at a price that values the company at $5.2 billion, nearly 60% lower than the company’s last public valuation of $12.6 billion from mid-2022. The shares will be bought by a group of investors, including hedge fund ... Read more ›
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Amazon is expected to raise $15 billion in a bond offering, Bloomberg reported, the latest sign of how big tech companies are tapping the debt markets to help fund enormous investments in AI. The Bloomberg report said Amazon’s offering attracted as much as $80 billion in demand. The bond sale ... Read more ›
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Blockchain.com, a crypto brokerage and wallet provider, is planning to go public next year, the company’s newly named co-chief executive revealed, aiming to list after several volatile years. The company said it promoted its president Lane Kasselman to be co-CEO, alongside its founder and CEO Peter Smith, as part of its listing efforts. Kasselman is a former Uber executive who has worked for the crypto firm for five years. The... Read more ›
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Before we get to today’s column, it’s worth pointing out that Google CEO Sundar Pichai strongly hinted on X that Gemini 3, the long-awaited next update to Google’s line of Gemini models, would be coming out this week. Google has done an impressive job of catching up to the other labs when it comes to conversational AI models, and Gemini 3 will be the company’s latest test to see whether... Read more ›
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Amazon founder Jeff Bezos has cofounded a new AI startup that he will lead as co-CEO, the New York Times reported Monday. The company, known as Project Prometheus, has more than $6 billion in funding, in part from Bezos, and will be focused on artificial intelligence that can help with ... Read more ›
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At Tesla’s annual meeting earlier this month, shareholders showed little enthusiasm for a proposal that the electric vehicle maker invest in one of CEO Elon Musk’s other companies, xAI. But Musk’s revelation at the meeting that Tesla is considering building its own chip fabrication plant signaled another way his two companies could work together. Musk had already discussed plans for such a chip fab internally at Tesla months before the... Read more ›
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Sakana AI, a Tokyo-based developer of artificial intelligence models and applications, said it has raised $135 million in a funding round at a valuation of $2.5 billion without the newly raised capital. New investors in the round include U.S.-based Factorial Funds, Australian financial giant ... Read more ›
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Alibaba Group denied a Financial Times report that alleged the Chinese tech giant provides China’s military with technology support and data. The FT reported Saturday that a White House national security memo, which was provided to the newspaper, includes declassified intelligence on the work ... Read more ›
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We’re heading into the last full workweek before Thanksgiving and plenty is going on. A short time ago, bets on prediction market Polymarket were giving an 88% chance that Google would release its much-anticipated Gemini 3 AI model this week. Google CEO Sundar Pichai on Friday fueled the speculation with this cryptic X post. Meanwhile, Microsoft holds its Ignite developer conference in San Francisco this week (more on that, see... Read more ›
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Apple’s succession plans for its next chief executive have accelerated, with its board and senior executives preparing for current CEO Tim Cook to step down potentially next year, according to the Financial Times. Any announcement of succession likely won’t happen until after late January when ... Read more ›
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Bitcoin has tumbled into a bear market, but the real damage is in the companies that have hoarded crypto, hoping to mimic the gains of Michael Saylor’s bitcoin stock, Strategy. Strategy is down 44% since bitcoin peaked in early October. More importantly, it is now trading slightly below the value of its bitcoin holdings. Bitcoin is down 24% from its peak and has sunk below $100,000, weighed down by a... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Inside Grindr’s boardroom feud • Plus, our Recommendations: “Harry Potter and the Sorcerer’s Stone,” “A Biography of a Mountain” and “Materialists”A bit of housekeeping: The Information’s Weekend section is looking for a reporter for a beat we’re calling “tech wealth and culture.” This person will cover how Silicon Valley’s moguls live large—their pursuits, their pastimes—and how they spend their money. Here’s a... Read more ›
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Apptronik, a humanoid robot maker backed by Google, is in the process of raising at least $400 million at a $5 billion valuation not including the new money, according to two people familiar with the discussions. The new round, led by B Capital, would at least triple the startup’s valuation from earlier this year, when it raised $415 million from investors including Austin’s Capital Factory and venture firm B Capital.... Read more ›
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Warren Buffett’s Berkshire Hathaway purchased shares in Google parent Alphabet worth $4.3 billion at the end of the third quarter, a vote of confidence in the search giant after its shares have surged this year. The investment, disclosed in a quarterly regulatory filing, adds to Berkshire’s ... Read more ›
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XAI plans to release its next-generation Grok 5 artificial intelligence model in the first three months of next year, CEO Elon Musk said on Friday. That’s later than a deadline Musk had previously set of releasing the model by the end of 2025. In an interview with the investor Ron Baron, who has ... Read more ›
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15.03.2026 15:23
Last update: 15:15 EDT.
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