SK Hynix Raises $26.5 Billion in Record Nasdaq Debut
The amount raised eclipsed Alibaba’s $25 billion New York IPO in 2014.
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MiniMax CEO Vows to Forgo Salary Until Achieving AGI
The move comes as the Chinese AI developer’s share price has plunged in recent months amid intensifying competition from domestic rivals.
OpenAI Leader Fidji Simo Stepping Down Amid Illness
Longtime tech executive says she will transition to being part-time adviser to the AI giant.
Mercor Buys Andreessen Horowitz-Backed Startup Deeptune
Mercor said Thursday it had bought Deeptune, which designs reinforcement learning environments.
Coinbase Chief Legal Officer Paul Grewal to Step Down
Grewal fought SEC’s lawsuit against Coinbase and led negotiations over crypto laws.
OpenAI Unveils Claude Cowork Competitor, Desktop ‘Superapp’
After realizing that its Codex AI coding tool is better than ChatGPT at completing long-running, multistep tasks, OpenAI is giving the product a bigger role.
Anthropic’s Trust Names Former Fed Chair Bernanke as New Member
Bernanke's naming fills a key opening on the trust, which still has one of five seats vacant.
Meta Courts Developers With New Muse Spark 1.1 Model
Company launches new Meta Model API for developers after pivoting away from open source AI.
Anthropic Responds to China’s ‘Backdoor’ Warning
While Beijing warned about a security backdoor in Claude Code, Anthropic noted that its usage policy doesn’t permit access to Claude in China.
Exclusive: Grubhub Owner Offers Investors Sweeteners in $9 Billion-Valuation Raise
Founder and CEO Marc Lore has indicated he’ll write a $200 million check into the round, according to a person briefed on the fundraise.
SpaceXAI and Cursor Launch Grok 4.5, Tout Lower Costs Than Rivals
Grok 4.5 is the first joint AI model that SpaceXAI and Cursor have developed through their partnership.
Blue Origin to Raise $10 Billion at $130 Billion Valuation
The round, the first outside funding in its history, will be led by Coatue.
Exclusive: China’s MiniMax Plans to Launch 2.7-Trillion Parameter Model
The new model could help accelerate the expansion of Chinese open-source AI models around the world.
OpenAI To Publicly Launch GPT-5.6 Family of Models on Thursday
The announcement comes after the Trump Administration initially asked OpenAI to release the new models in a limited fashion over cybersecurity concerns.
Nvidia and D-Matrix Announce Joint AI Chip System
Nvidia is embracing the idea that multiple types of chips can power the same AI tasks.
Former AWS Government Sales Chief Joins Anthropic
Anthropic hires an AWS sales leader who played a key role in landing one of the most important agreements in cloud computing's history.
Exclusive: SpaceXAI Plans to Launch New Model with Cursor as Soon as Wednesday
Elon Musk said last month that SpaceX and Tesla staff were testing the jointly developed model.
SpaceX stock slides Nearly 7% as it joins Nasdaq 100
The decline comes even as index-tracking funds are expected to increase demand for shares of the rocket ship company.
Amazon Looks to Raise $25 Billion in US Bonds
The company has already raised around $79 billion in debt in the past year
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