Goldman Sachs said Monday it had agreed to buy Industry Ventures, an investor in private startups and venture funds, in a transaction worth up to $965 million. The investment bank said it planned to make an upfront payment of $665 million with an additional $300 million payable over the next ... Read more ›
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More than half of a key Amazon Web Services cloud service for accessing artificial intelligence is running on the company’s custom-designed AI chips, said Julia White, AWS’s chief marketing officer, in an interview on The Information’s TITV. Amazon executives haven’t previously shared such ... Read more ›
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OpenAI’s development of its own artificial intelligence chip will benefit SoftBank, one of its biggest shareholders, which is also helping the ChatGPT maker develop and finance its ambitious data center plan. OpenAI is working with SoftBank’s Arm subsidiary to develop a central processing unit chip that is designed to work with OpenAI’s AI server chip, according to three people close to Arm. OpenAI is co-designing its AI chip with Broadcom,... Read more ›
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The flash crash that rumbled across the crypto market on Friday can be traced to an unusual token that aims to track the dollar, a fast-growing exchange that allows investors to borrow heavily and speculative tokens that traders buy using debt. That combustible mix of borrowed money was ignited Friday by President Donald Trump’s announcement of new tariffs on China. Stocks sold off modestly but crypto crashed, at least for... Read more ›
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Apple is slightly tweaking the name of its streaming media service by shedding the plus-symbol at the end of its previous name, Apple TV+. The company tucked the news away at the end of a press release announcing that its blockbuster sports movie “F1 The Movie” would arrive on the streaming ... Read more ›
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JPMorgan Chase will invest $10 billion in mostly US-based tech companies working in areas aligned with strategic government interests. The investments are part of a broader pledge by the bank to facilitate $1.5 trillion of transactions in areas including domestic manufacturing and artificial ... Read more ›
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Data startup Fivetran will merge with data management company dbt Labs in an all-stock deal, the companies announced Monday, confirming an earlier report by The Information. Fivetran CEO George Fraser will lead the combined company and dbt Labs CEO Tristan Handy will become president and ... Read more ›
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Before we get to our column, we should acknowledge OpenAI’s latest chip deal, this time with Broadcom, announced Monday morning. The Information first reported the two companies were in talks in July of last year but a lot has happened since then. Most obviously, OpenAI has also struck deals for supplies of AI chips with both Nvidia and AMD. We’ll write about the implications on this in the days and... Read more ›
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OpenAI is to design its own AI chips in collaboration with Broadcom, the two companies announced on Monday morning, the latest in a succession of announcements by OpenAI to assure itself of more computing capacity. The agreement with Broadcom follows deals announced in the past two weeks with ... Read more ›
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The murky, highly complex business of helping advertisers buy space on digital media is currently dominated by Google, Amazon and a handful of much smaller ad tech firms. But an array of other companies, including Salesforce, Microsoft and a new initiative led by AppNexus founder Brian O’Kelley, hopes to use new artificial intelligence tools to grab a piece of the market. All these challengers are pitching advertisers or publishers or... Read more ›
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In response to President Donald Trump’s threat to impose an additional 100% tariff on Chinese imports, China’s commerce ministry said that the country will retaliate if the U.S. goes ahead with such a move. “China’s position on the tariff war is consistent. We don’t want to fight, but we are not ... Read more ›
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A co-founder of Mira Murati’s Thinking Machines Labs is headed to Meta Platforms, the latest high-profile hire by Meta amid a heated frenzy for AI talent. The Thinking Machines co-founder, Andrew Tulloch, had previously worked at Meta for 13 years before departing in 2023 for OpenAI, where ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: E-commerce startups are back from the dead• The Arena: Sports braces for the new referee: AI• Artificial Intelligence: Meet the Cursor Resistance—the techies who hate AI coding tools• Plus, our Recommendations: “Our Common Nature,” “Empire of AI” and “Black Rabbit”A number of existential questions confront our present—ones such as “Can peace finally take hold in the Middle East?” and “Is Stephen Miller... Read more ›
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Over the summer, two software engineers at Mixus, a San Francisco–based artificial intelligence startup, staged a bit of a rebellion by refusing to follow instructions to rely heavily on Cursor or any of the other popular new coding-assistance software. They figured “they could do better than Cursor,” said an incredulous Shai Magzimof, Mixus’ co-founder. With just five full-time employees, the duo’s revolt was a substantial headache for Magzimof. One of... Read more ›
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About halfway through a panel discussion at The Information’s first-ever sports business event this week, Bill Schlough, chief information officer of the San Francisco Giants, asked our capacity crowd for a show of hands. How many people, he asked, were in favor of artificial intelligence–assisted umpiring in baseball? Almost every hand in the room shot up. Read more ›
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Salesforce CEO Marc Benioff, who was once seen as a leading voice for liberal politics in the Bay Area, voiced strong support for President Donald Trump in a new interview with the New York Times and advocated for Trump to send National Guard troops to San Francisco. “We don’t have enough cops, ... Read more ›
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Apple is in talks to acquire computer vision startup Prompt AI, CNBC reported. The 11-person company offers an app called Seemour that adds artificial intelligence capabilities to home security cameras. Apple has acquired several AI-based security camera companies over the years, including Silk ... Read more ›
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I’m not sure what everyone else’s social media feeds are looking like these days, but over the past 72 hours mine has become unrecognizable to me. On TikTok, I’ve been inundated with short clips of slap-boxing competitions between Fred Rogers and Kurt Cobain, Albert Einstein and Stephen Hawking, and Elvis Presley and Bob Marley. I’ve watched indie rocker Elliott Smith dunking a basketball in a Portland Trail Blazers uniform while... Read more ›
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Tech stocks fell across the board, as investors responded to President Trump’s threat to impose a “massive increase” in tariffs on Chinese imports, in the wake of new Chinese restrictions on the export of rare earths. Trump also said there was “no reason” for him to meet with Chinese president ... Read more ›
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Kalshi, a U.S.-regulated prediction market, said it raised more than $300 million at a $5 billion valuation led by Sequoia and Andreessen Horowitz. The company will face new competition with the return of rival Polymarket to the U.S. market. Kalshi and Polymarket are the two biggest prediction ... Read more ›
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Most popular sources
Business Insider
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22% 6 |
MacRumors
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16% 4 |
The Verge
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12% 2 |
Tom's Hardware
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8% 3 |
Gizmodo
|
7% 3 |
| View sources » | |
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24.10.2025 06:31
Last update: 06:25 EDT.
News rating updated: 13:21.
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