Sriram Krishnan, a top AI policy advisor in the Trump administration, plans to leave his position at the end of June, according to a person with direct knowledge of the move and a statement viewed by The Information. Krishnan has discussed starting a policy institution following his time in the White House, according to two people familiar with the matter. It will be staffed with engineers that will support the... Read more ›
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Meta Platforms plans to start testing an AI pendant in the next year as part of an ambitious roadmap for wearable devices aimed at reversing the huge losses in its hardware division. An internal memo describing the roadmap, reviewed by The Information, also lays out plans to significantly expand its selection of AI glasses and to add a business-focused service called “Wearables for Work.” The memo, from Alex Himel, Meta’s... Read more ›
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By now, you’ve probably seen the unbelievable video of Blue Origin’s New Glenn rocket exploding on its launchpad in Florida on Thursday night. On its face, Blue Origin’s pain would seem to be Elon Musk’s gain, further cementing SpaceX’s already significant lead in the space business just weeks before it goes public. While the explosion is obviously terrible news for Jeff Bezos’ space ambitions, Musk and his SpaceX colleagues have... Read more ›
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Prediction market Kalshi won approval from U.S. regulators to offer crypto trading through bitcoin perpetuals, a type of highly-leveraged derivatives product, confirming an April report by The Information. Coinbase also won a greenlight from the U.S. Commodity Futures Trading Commission to ... Read more ›
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TikTok owner ByteDance is developing a new chip to run artificial intelligence models as part of an aggressive expansion of its homegrown AI infrastructure. The new AI chip is intended to have a structure similar to U.S. chip designer Groq’s language processing units, which are built to run AI models at low cost, according to three people with knowledge of the project. ByteDance, which is one of China’s AI leaders,... Read more ›
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Jeff Bezos’ space company Blue Origin suffered a serious setback Thursday evening when its New Glenn rocket exploded on a launch pad in Florida during a test. Video clips of the incident show a giant fireball engulfing the rocket and surrounding structures. No one was on board the rocket or ... Read more ›
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Base Power, a three-year-old home-battery startup, is in talks to raise funds at a $12 billion valuation, according to a person with knowledge of the discussions. Ribbit Capital, which backed Base Power’s last funding round, has been in talks to lead the current round, according to two people with knowledge of the talks. Founded by Venezuelan entrepreneur Micky Malka, Ribbit is a prominent venture firm known for its fintech bets... Read more ›
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Greetings! Anita here. It’s been a relatively slow week for SpaceX news, but that will soon change. Musk’s rocketship company is expected to launch its investor roadshow next week ahead of a mid-June IPO. The milestone will likely usher in a flood of giddy headlines and a lot of debate on Reddit forums and cable TV on whether individual investors should buy in. The answer: It’ll make sense for day... Read more ›
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Despite fears that advanced tools from Anthropic and OpenAI would soon make legal apps like Harvey and Legora irrelevant, recent revenue milestones at those startups suggest they are doing just fine. But a fresh assault on their business is brewing: Some law firms now want to develop their own AI apps with frontier model companies like Anthropic or OpenAI rather than just purchase apps from smaller legal startups. Kirkland &... Read more ›
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Customer demand for AI is pouring jet fuel on Dell’s server, storage and networking businesses, as its overall revenue grew 88% to $43.8 billion during its April quarter compared to last year, beating its earlier forecast by more than $8 billion. Excluding items, Dell reported earnings per share ... Read more ›
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Microsoft, Databricks, SAP and other AI software providers are fighting over control and access to enterprise data known as the semantic layer, as we reported last week. Semantic layers are essentially a data management tool that companies use to standardize definitions for their business metrics, such as revenue and customers, and are now enabling AI to work more accurately and efficiently inside enterprises.Retailer Lowe’s, for instance, recently began using its... Read more ›
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Baseten’s talks to raise fresh funding at an $11 billion valuation are the latest sign that investors are betting the messy work of helping developers run AI models can become one of the next big businesses in AI. That boom has lifted a group of companies including Baseten, Fireworks AI, Together AI and Modal. These startups give customers access to GPU capacity and offer software that makes AI models easier... Read more ›
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On Wednesday, the Illinois House of Representatives passed a bill that will require major AI companies to submit their model safety plans for third-party audits, as well as creating whistleblower protections for those companies’ employees. While Governor JB Pritzker still has to sign the bill ... Read more ›
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Anthropic on Thursday announced its new flagship AI model, Claude Opus 4.8, which showed improvements in standardized AI performance evaluations in coding, financial analysis and other fields. The company also said the model is more likely to flag uncertainties about its work and less likely to ... Read more ›
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Anthropic said Thursday it had raised $65 billion at a valuation of $900 billion before the financing, more than double the valuation in a round closed three months earlier. New investors Micron, Samsung and SK Hynix, which make a key component of AI chips, are investing in the model maker. The ... Read more ›
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SpaceX is committed to renting its data center capacity to Anthropic for 180 days, though it could extend the deal for longer, CEO Elon Musk said Thursday. The comment provides more detail than language in SpaceX’s recent public S-1 filing. That document, which SpaceX published last week ahead ... Read more ›
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Microsoft next week will unveil a suite of new homegrown AI models at its annual Build conference for app developers in San Francisco. The question is whether it can win over these people.The company plans to unveil a coding model to boost the competitiveness of Microsoft-owned GitHub Copilot, a coding assistant whose early lead in the AI coding market was eroded by Cursor and Claude Code, according to someone with... Read more ›
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At Apple’s annual developer conference next month, the star of the show will be a series of long-delayed artificial intelligence upgrades to the iPhone. But the company is also expected to emphasize what could be an underrated asset in its efforts to catch up in AI: Its ability to run AI models on the billions of Apple devices in circulation. People familiar with the company’s plans for its Worldwide Developers... Read more ›
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Shares of traditional software providers have been battered this year over AI fears. Investors’ reaction to Snowflake’s and Salesforce’s quarterly results Wednesday suggests some providers are in better shape than others.Snowflake shares jumped more than 35% to their highest point since December after the database provider said its most-watched sales metric grew 34% during its April quarter from a year-ago, beating the company’s own projection by seven percentage points. Read more ›
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Khosla Ventures partner Ethan Choi, a leader of the early-stage firm’s investments in mature startups like cloud provider Vercel, is leaving to launch a new venture firm. The new firm, called Atomus, is in the process of raising a new venture fund of at least $500 million, according to a person familiar with Choi’s plans. About half of the fund has already been raised, the person added. Read more ›
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Meta Platforms plans to place engineers and product managers inside large corporate customers as part of a new unit at the social-media giant to push businesses to use its AI tools and services. In an internal memo, senior executive Naomi Gleit said the new organization, called Enterprise Solutions, will be made up of product managers who lead customer engagements, data engineers who prepare client data for use in Meta’s AI... Read more ›
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12.06.2026 04:52
Last update: 04:45 EDT.
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