Elon Musk’s SpaceX is to buy a big chunk of wireless spectrum from beleaguered EchoStar for $17 billion in cash and stock, a move that advances Musk’s ambitions to launch a satellite-to-cell service. At the same time, The two companies struck a deal under which EchoStar’s cell service Boost ... Read more ›
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Krishan Bhatia is departing his role as vp of global video advertising and partnerships at Amazon after less than a year and a half in the job, Bhatia announced on LinkedIn Monday morning. Bhatia’s team helped build up the ad business of Amazon Prime Video, which launched last year. Advertisers ... Read more ›
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Before we get to today’s main item, please check out my colleague Sri’s exclusive piece from Friday night revealing that OpenAI expects to burn $115 billion in cash through 2029, plus tons of other financial data the company has disclosed to investors. We are still having a hard time digesting the capital that cash burn will require the company to raise in the next five years! We will bring you... Read more ›
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StubHub set the preliminary pricing for its initial public offeirng at between $22 and $25 a share, valuing the company at around $9 billion, well short of the $16 billion valuation it had hoped for last year when it was first planning an IPO. Then, StubHub was hoping to be valued in line with ... Read more ›
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Fintech startups Brex and Ramp are hurtling toward initial public offerings as soon as next year as they duke it out over customers for their corporate credit cards. In the meantime, investors are getting excited about the companies’ rapid growth rates. Their numbers are impressive, but investors need to temper their enthusiasm. Ramp just passed $1 billion in annualized revenue and was valued at $22.5 billion in its second fundraising... Read more ›
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Dutch semiconductor equipment giant ASML has invested $1.5 billion in French artificial intelligence developer Mistral, valuing it at $11.7 billion, up from a $6 billion valuation last year, Reuters reported. ASML will be the startup’s biggest outside shareholder and will take a board seat, the ... Read more ›
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OpenAI has dramatically revised its financial forecasts, projecting to burn $115 billion from this year through 2029, The Information reported. This figure is approximately $80 billion higher than the company’s previous estimates, underscoring the rapidly growing costs of developing ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: The tech elite sees GLP-1s as all-purpose wonder drugs• The Arena: Inside the NFL’s feud with venerable ol’ Nielsen• The Top 5: The AI era’s favorite hacker houses• Does a shoeless office stink? Depends on who you ask in Silicon Valley• Plus, our Recommendations: “Bad Elizabeth,” “Dirtbag Billionaire” and “Folktales”Back at the end of the financial crisis, I earned my living nosing... Read more ›
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A few years back, Brandon Gell, chief operating officer of Every, an artificial intelligence–focused media startup, couldn’t stop staring at a photo taken at the headquarters of another startup, Notion, a maker of productivity software. “It was of their entryway, and it was just shoes—this mountain of shoes,” he recalled. The pile of footwear was an inevitable daily outcome of Notion’s no-shoes policy for employees. “I was like, ‘Holy shit,... Read more ›
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Which hacker house came first? No one’s exactly sure. But what’s certainly clear is that such hostelries have become enduring Silicon Valley staples even as many other rhythms of startup life have significantly shifted. A whole new crop has bubbled up lately as AI fever has taken hold, presenting investors like Lightspeed Venture Partners’ Amber Yang with a road map toward identifying some of the industry’s best young talent at... Read more ›
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OpenAI recently had both good news and bad news for shareholders. Revenue growth from ChatGPT is accelerating at a more rapid rate than the company projected half a year ago. The bad news? The computing costs to develop artificial intelligence that powers the chatbot, and other data center-related expenses, will rise even faster. As a result, OpenAI projected its cash burn this year through 2029 will rise even higher than... Read more ›
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Elon Musk is putting his money where his mouth is. In a securities filing on Friday, Tesla disclosed a new stock award for its CEO worth as much as $1 trillion. It hinges entirely on Musk’s ambitious claims that his focus on humanoid robots and robotaxis will turn Tesla into “the most valuable company in the world by far,” as he has often said. It’s not crazy to imagine Tesla... Read more ›
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The attorneys general of California, where OpenAI operates, and Delaware, where it is incorporated, sent a letter to the ChatGPT maker, reprimanding it for its alleged role in a recent murder-suicide, as well as the suicide of 16-year-old Adam Raine, whose family is currently suing OpenAI. “ ... Read more ›
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Anthropic has agreed to pay at least $1.5 billion to settle a lawsuit from a group of authors alleging copyright infringement. The deal amounts to Anthropic paying about $3,000 for each of the 500,000 books in the class action lawsuit, in one of the largest settlements over AI and intellectual ... Read more ›
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The NFL, the world’s richest and most powerful sports league, would like you to know something: It is not thrilled with the way Nielsen measures its TV audience. Earlier this week, the NFL took the extraordinary step of criticizing media measurement firm Nielsen, which the football giant argued is undercounting the number of viewers for its games by millions of people. While plenty of television broadcasters have groused about Nielsen... Read more ›
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The European Commission fined Google 2.95 billion, or around $3.5 billion, for what it called anti competitive behavior in the advertising technology business and said it may mandate a sale of parts of the unit. Google’s ad tech business brokers the sale and purchase of ads across the web. The ... Read more ›
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Meta Platforms plans to spend “something like at least $600 billion” through 2028 on data centers and other infrastructure in the U.S., Meta CEO Mark Zuckerberg said on Thursday at a dinner with President Donald Trump and other technology executives. In July, Meta estimated its capital ... Read more ›
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Over the past year, investor Brian Sugar has developed what he considers a “superpower,” finding it newly possible to push himself harder than ever before at home, in the gym—and in the office. What’s given him this boost? He attributes it to a recently acquired prescription for semaglutide, which places him among a sizable portion of the Silicon Valley elite who’ve come to value GLP-1 drugs as more than just... Read more ›
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It’s not exactly news that Ozempic, Wegovy and other GLP-1 drugs are catching on, with some surveys showing nearly 12% of Americans have used the weight loss medications. The Information’s audience seems to be even more gung-ho about taking GLP-1s than the broader population. More than 50% of the respondents to our recent survey on the topic said they’re currently on a GLP-1 and an additional 4% said they had... Read more ›
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Tesla’s board of directors asked investors to approve a pay package for Elon Musk that would be worth up to $1 trillion over the next decade if he meets several ambitious goals. Tesla’s board proposed granting Musk as many as 423.7 million restricted stock units, which could lift his stake to ... Read more ›
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16.03.2026 18:53
Last update: 18:40 EDT.
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