Oracle Projects Faster Revenue Growth Due to AI Data Centers
CEO Safra Catz also said she expects revenue to grow 20% in the fiscal year that ends May 2027 due to a backlog of AI server deals.
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OpenAI Signs $12 Billion Deal With CoreWeave, Will Get Equity Stake
As part of the cloud deal, OpenAI will also get a stake in CoreWeave expected to be worth $350 million when the company goes public.
Amazon Prime Video to Stream Trump’s Old TV Series ‘The Apprentice'
Amazon founder and executive chair Jeff Bezos has been seeking to strike a friendlier relationship with the current president.
Rocket to buy Redfin for $2.4 billion
The deal follows a period of stagnation for Redfin, whose revenue shrank in 2023 before recovering a little last year.
ServiceNow Confirms Moveworks Acquisition For $2.85 Billion
ServiceNow is trying to get a jump in the race to sell AI agent-powered software to businesses.
ServiceNow in Talks to Buy AI Startup Moveworks
The deal could help ServiceNow demonstrate that its AI-powered features can be meaningful contributors to revenue.
Trump Says He’s Negotiating With Four TikTok Bidders
The U.S. and TikTok face an April 5 deadline to come up with a deal.
Cohere Partners With LG Unit to Offer AI Products for South Korea
Canada-based Cohere is expanding into non-English speaking countries through partnerships in an effort to boost its sales.
Justice Department Reiterates Demand to Break Up Google
The filing signals that the Trump Administration’s Department of Justice could continue the Biden Administration’s aggressive antitrust stance.
xAI to Develop Second AI Data Center in Memphis
XAI has been able to move quickly in setting up GPU clusters in part because it converted existing buildings into data centers.
Shark Tank’s O’Leary: U.S. TikTok Deal Could Improve China Relations
O'Leary has joined one of the groups that say they are interested in acquiring TikTok's assets.
Crypto Exchange Gemini Files Confidentially for IPO
The crypto exchange is working with Goldman Sachs and Citi, according to Bloomberg.
U.S. Banking Regulator Withdraws Crypto Guidance
The Office of the Comptroller of the Currency said banks no longer need its signoff on crypto activities.
Google’s AI Unit Reorganizes Product Work, Announces Changes to Gemini App Team
Google DeepMind disbanded its “product impact unit,” whose goal was to incorporate DeepMind research into Google products, as it attempts to streamline the process of creating AI products.
Perplexity Strikes Fact-Check Marketing Deal With Daily Wire Podcast
Ben Shapiro will incorporate Perplexity's answers into his podcast, instead of reading a Perplexity ad
Apple Delays Personalized Siri AI Features
The personalized features were the most promising of the AI features that Apple showed off in June of last year.
Microsoft Trains New In-House AI Models; Tests Out DeepSeek, Meta in Copilot
Microsoft is also developing reasoning models that could compete with the likes of OpenAI’s o1 model.
Trump Signs Executive Order to Build Bitcoin Reserve
Crypto prices fell after executive order said stockpile will only be existing government holdings.
Rival Creator Startups Passes and Fanfix Discussed Deal
The talks, which fizzled, point to the growing appetite among creator startups to discuss acquisitions amid a still-strained environment for venture funding.
Labor Department Investigates Scale AI
The AI training company has previously faced accusations of wage theft by workers.
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.
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