Exclusive: Tencent Backs Former Alibaba Researcher’s New AI Lab
Junyang Lin’s new AI lab completed its first fundraising at a post-money valuation of around $2 billion.
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Recent Editions
Bootleg Market for Reta Reaches At Least $100 Million in Estimated Sales
Retatrutide, a peptide-based weight loss drug, has been hugely popular but hasn't yet won FDA clearance.
Exclusive: U.S. Government Unlikely to Extend Anthropic Export Control to Other AI Companies
The official said the directive was particular to Anthropic's response to its concerns.
Anthropic Suspends Customers’ Access to Latest Models After Government Order
The dramatic standoff comes three days after Anthropic released its latest models publicly.
OpenAI Investigated by State Attorneys General on User Interaction
The state coalition is seeking a wide range of data on how OpenAI's software engages with users.
Roku in Discussions to be Acquired
While Roku's ad revenue has grown steadily—to $2.5 billion in the 12 months to March 31—the streaming video ad market is relatively small and crowded.
Binance, Bybit Cancel SpaceX IPO Allocations After Shortfall
Crypto platforms relied on Kraken-owned xStocks, which issues tokenized SpaceX shares, to get access to the blockbuster IPO.
SpaceX Shares Jump 19% in First Day of Trading
The offering makes SpaceX one of the world’s top 10 most valuable companies with a market capitalization of $2.1 trillion.
Nvidia Pitches Vera CPU to Chinese Customers
CPUs are less directly targeted by US export controls than high-end GPUs.
Customers Fret as Anthropic Launches Apps That Compete with Theirs
Business partners and customers are growing fearful of Anthropic's power, and its launch of apps that compete with their own.
Crypto Traders Bet on SpaceX IPO Popping 20%
Crypto perpetual contracts on SpaceX are trading at $165 on Binance and Hyperliquid.
SpaceX Prices IPO at $135 Per Share, Starts Trading Friday
SpaceX's IPO is set to be the largest listing in history.
KKR, Nvidia, Others Launch $10 Billion Data Center Company
Amazon Web Services’ former CEO will head the new venture, while Nvidia will be an anchor investor and strategic partner.
Meta Cuts Operational Ties With Manus
The company has separated its operations from Manus after Chinese regulators ordered the unwinding of the deal.
DoorDash Launches Conversational AI Assistant
The food delivery company is also planning to launch the ability for the assistant to make restaurant reservations.
Xbox Plans Layoffs as Revenue, Profit Margins Decline
Xbox CEO Asha Sharma told staff that the unit's profit margins have fallen to 3% this fiscal year.
Oracle Reports Mixed Quarter as Cloud Growth is Offset By Software Weakness
Oracle's AI data center revenue nearly doubled in the quarter to $5.8 billion, although capital expenditures to pay for AI data center expansion also rose sharply.
Anthropic Proposes Public Fund for Giving Americans Stakes in AI Companies
Trump repeated on Wednesday that he plans to meet with AI companies over the government taking equity stakes.
OpenAI Launches New ChatGPT Ads Featuring Specific Products
OpenAI has been launching different kinds of ads as it tries to catch up to ad giants Meta and Google.
Exclusive: OpenAI Preps New AI Model, Expects To Go Public ‘Within the Next Year’
Factors like the need for capital to buy compute and reaching self-improving AI could affect the IPO timeline, Altman said.
Weekday mornings
The Information AM by The Information Staff
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