Anthropic Nears $7 Billion in Annualized Revenue
The company is reported to target as much as $26 billion in annualized revenue by the end of next year.
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Exclusive: Poolside in Talks With CoreWeave-Backer Magnetar for New Funding
Poolside, a two-year-old startup that had been developing artificial intelligence coding assistants, also said CoreWeave would supply it with 40,000 Nvidia chips.
Meta and Arm Announce New Partnership
Meta will use Arm’s data center platforms to power the ranking and recommendation systems for its social media apps.
BlackRock-Led Group Makes $40 Billion Data Center Acquisition
The acquisition, which is expected to be finalized by the first half of next year, would be the largest such sale on record.
Palmer Luckey’s Erebor Bank Conditionally Approved
The U.S government conditionally approved a bank charter application for Erebor Bank.
Amazon Planning Fresh Layoffs in Consumer Division
The e-commerce giant previously cut large numbers of staff in 2022 and 2023.
European Union Mulls Forced Tech Transfer for Chinese Firms
The discussions are part of the EU’s effort to counter the rapid growth of Chinese imports such as electric vehicles.
Ad agency WPP Commits to Spend $400 million on Google AI
The renewed arrangement allows the two companies to co-develop products together and then take them to market
OpenAI Plans to Allow Erotica for Verified Adult ChatGPT Users
The company seeks to fully roll out age verification features by December
Salesforce Touts Deeper Ties with OpenAI, Anthropic
At Salesforce's annual customer conference, Dreamforce, CEO Marc Benioff talked about how deeper partnerships with the top AI labs will help customers.
Goldman Sachs Warns Of Job Cuts Amid AI Push
Goldman Sachs reported strong earnings and said it was on track for a record year in its investment banking and markets division.
Oracle and AMD Strike New AI Chip Pact
The deal could eventually help the cloud provider negotiate better prices with AMD rival Nvidia.
Walmart Announces It Will Sell Products Through ChatGPT’s Instant Checkout
OpenAI announced partnerships with Etsy and Shopify last month.
Exclusive: Cursor-Maker Anysphere in Talks to Raise $1 Billion at $27 Billion Valuation
Coatue Management and Accel have been in talks to make major investments in Anysphere.
Goldman Sachs Agrees To Buy Industry Ventures for Up to $965 Million
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.
AWS’ Custom Chip Now Powers Most of Its Key AI Cloud Service
Amazon Bedrock, a cloud service that Amazon Web Service launched two years ago, is now becoming a showcase for the company's custom chip design efforts.
Apple Rebrands Streaming Service to Apple TV
Apple said the rebrand was part of “a vibrant new identity”
JPMorgan Commits $10 Billion to Strategic US Tech Investments
The bank recently worked with MP Materials on a deal with the Department of Defense to increase domestic production of rare earth magnets.
Data Startups Fivetran and Dbt Labs Agree to Merge
A merger of equal between Fivetran and dbt Labs would have close to $600 million in annualized recurring revenue under one combined entity.
OpenAI Announces Chip Design Deal with Broadcom
The Broadcom deal follows OpenAI's agreements with both Nvidia and AMD for access to their AI chips.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy