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Anissa Gardizy @ The Information · 06/12/2025 17:13 EDT

Nvidia CEO Thinks Other AI Chip Efforts Will Get Canceled

Nvidia CEO Jensen Huang says he isn’t threatened by the fact that his largest customers—from Amazon Web Services and Microsoft to OpenAI—are trying to build their own chips for artificial intelligence. Speaking to analysts this week in Paris, Huang said Nvidia is improving at such a fast rate ... Read more ›

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Kaya Yurieff @ The Information · 06/12/2025 17:00 EDT

Snapchat Now Wants (Some) Videos to Stick Around

Snapchat has realized the limits of disappearing content—especially when it comes to attracting creators. On Thursday, the app said users will be able to automatically save their disappearing Stories to their public profiles. That’s a big change, and it’s one that should help make the app more of a destination for creators, whose Instagram, YouTube and TikTok profiles give fans—and advertisers—a taste of their content.  Read more ›

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Evan Robinson-Johnson @ The Information · 06/12/2025 16:01 EDT

SpaceX Begins Work on Second Launch Site for Starship

Elon Musk’s SpaceX demolished a former United Launch Alliance tower in Cape Canaveral, Florida, on Thursday, paving the way for a new complex that will provide a second launch site for its largest rocket, Starship. SpaceX is planning to launch Starship up to 76 times a year from the complex, ... Read more ›

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Alex Perry @ The Information · 06/12/2025 15:38 EDT

Waymo Fleet Manager Targets Funding That Would Lift Valuation Past $1 Billion

Moove, a five-year-old startup whose employees clean and charge Waymo’s electric robotaxis, is aiming to raise about $300 million in new funding, according to a person who spoke to the startup’s executives. The new round is likely to lift the Uber-backed company’s valuation past $1 billion, according to an investor in Moove. The startup recently generated annualized revenue of $360 million, mostly from its main business of extending loans to... Read more ›

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Erin Woo @ The Information · 06/12/2025 15:35 EDT

Google Cloud Experiences Major Outage

Google Cloud on Thursday experienced a major outage that impacted several services globally, according to a Google website tracking the status of its products. The Google Cloud dashboard indicated that the Google Cloud Console—a main interface where customers access the Google Cloud platform— ... Read more ›

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Cory Weinberg @ The Information · 06/12/2025 15:05 EDT

Travel Software Startup Navan to File This Month for Fall IPO

Navan, a corporate travel software startup, is planning to file confidentially for an initial public offering as early as next week, two people familiar with the matter said, a further sign of a rebound in public listings for venture-backed startups. The company, backed by Lightspeed Venture Partners and Andreessen Horowitz, is one of a handful of VC-backed software firms that have taken recent steps to go public this year. Others... Read more ›

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Evan Robinson-Johnson @ The Information · 06/12/2025 14:48 EDT

Tesla Sues Former Optimus Engineer, Alleging Trade Secret Theft

Tesla sued a former robotics engineer who launched his own robotics startup shortly after leaving the company last year, accusing him of stealing confidential information about Tesla’s Optimus humanoid robot. The company alleged that Zhongjie “Jay” Li, who worked on the hands of the ... Read more ›

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Rocket Drew @ The Information · 06/12/2025 14:09 EDT

Musk Asks Court to Dismiss OpenAI’s Countersuit, Again

Lawyers for Elon Musk asked the court overseeing his breach of charitable trust lawsuit against OpenAI to dismiss OpenAI’s countersuit against him in a court filing Wednesday evening for the second time. OpenAI previously alleged that Musk engaged in unfair competition and “tortious interference ... Read more ›

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Anissa Gardizy @ The Information · 06/12/2025 14:02 EDT

Nvidia CEO Disagrees With Anthropic CEO’s Prediction Of Job Losses From AI

Nvidia CEO Jensen Huang said Wednesday that he “pretty much disagree[s] with almost everything” Anthropic CEO Dario Amodei says about the impact artificial intelligence will have on job losses. Huang made the remarks during a press briefing at the Viva Technology conference in Paris, according ... Read more ›

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Natasha Mascarenhas @ The Information · 06/12/2025 13:12 EDT

Y Combinator Managing Partner to Depart Accelerator for New Fund

Dalton Caldwell, a managing partner at Y Combinator and one of the longest serving partners at the accelerator, is leaving after over twelve years to start a venture capital firm to back early-stage companies, according to two people with direct knowledge of the discussions. Caldwell will make ... Read more ›

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Yueqi Yang @ The Information · 06/12/2025 11:00 EDT

Financial Markets Giant DTCC Explores a Stablecoin

A little-known company at the heart of the U.S. financial system is exploring issuing a stablecoin that could accelerate the use of digital assets across markets, according to people with knowledge of its plan. The Depository Trust and Clearing Corp., the clearinghouse that processes U.S. stock trades, would consider issuing a stablecoin if legislation legitimizing the tokens is approved in Washington, the people said. The DTCC, which is owned by... Read more ›

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Valida Pau @ The Information · 06/12/2025 10:05 EDT

BlackRock Targets $400 Billion Private Market Fundraising by 2030

BlackRock set an ambitious $400 billion fundraising target for its private investment business,  part of its plans to double its market capitalization to $280 billion by 2030. The world’s biggest asset manager aspires to generate at least $35 billion a year in revenue by 2030, compared with ... Read more ›

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Stephanie Palazzolo @ The Information · 06/12/2025 10:00 EDT

The AI Industry’s Swim Lanes Get Even Blurrier

If your artificial intelligence firm isn’t also a chipmaker and cloud provider, are you even an AI company?That’s what it’s starting to feel like, as more companies try to fill out more parts of the AI “stack” by providing the models, hardware and computational resources businesses need to build or use AI-powered apps. In just the last 24 hours, my colleague Anissa published this great piece on how Nvidia is... Read more ›

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Kevin McLaughlin @ The Information · 06/12/2025 09:00 EDT

AWS to Revamp Key AI Cloud Service to Close Gap with Google

In March, when Amazon Web Services launched a new division focused on developing artificial intelligence that handles complex tasks, known as agents, CEO Matt Garman said in a memo that the technology could be the cloud provider’s next multibillion-dollar business. But some customers say rival cloud providers such as Google have made it easier for customers to develop AI apps, including sophisticated agents, than AWS has. To fix that, AWS... Read more ›

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Kevin McLaughlin @ The Information · 06/12/2025 08:00 EDT

Databricks Inks Deal With Google to Host Gemini Models

Databricks will soon host Google’s Gemini models as part of an expansion of a four-year-old strategic partnership between the companies that will be announced later today, Ali Ghodsi, co-founder and CEO of Databricks, said in an exclusive interview at the company’s customer conference. The ... Read more ›

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Kalley Huang @ The Information · 06/11/2025 21:01 EDT

Why Meta is Betting Nearly $15 Billion on Alexandr Wang

Meta Platforms CEO Mark Zuckerberg has tried to fix a seemingly existential problem in recent months. His company’s large language model, Llama, was falling behind competitors and struggling to perform as well as models from OpenAI, particularly on complex tasks. Increasingly, Zuckerberg turned to an unlikely person for advice: Alexandr Wang, CEO of Scale AI, whose startup did the relatively low-grade work of hiring human experts to improve artificial intelligence... Read more ›

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Nick Wingfield @ The Information · 06/11/2025 20:00 EDT

Stargate Snag Doesn’t Stop Oracle Cloud Growth

We learned a few interesting things from Oracle’s earnings report today. First, CEO Safra Catz dropped the news that Stargate, the splashy, $500 billion joint venture between Oracle, SoftBank and OpenAI to build artificial intelligence data centers, is “not yet formed.” The tidbit from Oracle is another sign Stargate is off to a slow start after Bloomberg reported last month that SoftBank hadn’t yet begun the formal fundraising process for... Read more ›

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Sri Muppidi @ The Information · 06/11/2025 19:53 EDT

OpenAI Has Discussed Raising Money From Saudi Arabia, Indian Investors

OpenAI has talked to Saudi Arabia’s Public Investment Fund, Indian conglomerate Reliance Industries and existing shareholder United Arab Emirates’ MGX about investing in the next installment of its $40 billion financing led by SoftBank, according to two people familiar with the fundraise. The investors could put in at least hundreds of millions of dollars each, they said. An investment in OpenAI by Saudi Arabia’s $900 billion–plus wealth fund would underscore... Read more ›

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The Information Partnerships @ The Information · 06/11/2025 19:08 EDT

The Future of Entertainment Recap: YouTube Rising

The entertainment industry—once controlled by a handful of studios and networks—is undergoing a transformation. Thanks to platforms like YouTube, creators with little more than a smartphone and Wi-Fi are reshaping what we watch, how it’s made and who gets to make it. This month, Nielsen ranked YouTube as the most-watched streaming platform in the U.S., commanding 13% of all TV viewership. It’s a milestone that signals a deeper shift: The... Read more ›

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