Morgan Stanley Joins Investment Banking Rebound
Wall Street is enjoying a healthier environment for dealmaking and trading.
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Recent Editions
Amazon Invests in New Nuclear Projects
X-energy, a nuclear developer, said Amazon was an anchor investor in a $500 million fundraising round that also included Citadel’s Ken Griffin and Ares Management.
Trump Says He Won’t Break Up Google
Trump indicated he didn't want to weaken Google given competition the U.S. faces from China.
Bob Lee Murder Trial Begins
The courtroom drama could reignite the debate over crime in San Francisco.
Meta’s Head of People to Depart
Lori Goler will depart Meta next summer, she said in a post on Facebook. Janelle Gale, Meta’s head of human resources, will take over Goler’s role in January.
Stripe Uses Paxos’ Service to Add Crypto Payments for Merchants
Paxos launched a new payments platform to make it easier for merchants to accept stablecoin payments.
Goldman Sachs, BofA Enjoy Investment Banking Boost
Goldman Sachs and Bank of America joined other Wall Street banks in reporting jumps in investment banking and trading revenue for the third quarter.
VC Podcaster Harry Stebbings Raises $400 Million
Stebbings launched his VC firm, 20VC, in 2020.
NY Times Sends Perplexity a Cease and Desist Letter
The letter to Perplexity follows a lawsuit filed by the Times against OpenAI for copyright infringement.
Crusoe Confirms $3.4 Billion Data Center Financing Deal
Crusoe has quickly become one of the most closely watched companies building data centers for AI.
Tesla’s Optimus Robots Were Remotely Controlled at Company Event
Tesla did not disclose the remote operation.
Google Backs Development of Small Nuclear Reactors
Google and the startup, Kairos Power, didn’t disclose the terms of their deal or the potential locations of the plants.
Nvidia Stock Hits New Record
Nvidia is now second only to Apple, which currently has a market capitalization of $3.5 trillion.
Prominent Microsoft AI Researcher to Join OpenAI
OpenAI hasn’t recruited much from Microsoft in the past.
DeepMind Operating Profit Rose 91% to $175 Million in 2023
When it was previously a standalone subsidiary of Alphabet, DeepMind primarily generated revenue by providing its services to Google.
Indonesia Orders App Stores to Block E-Commerce App Temu
Indonesia's latest action against the Chinese-owned app comes after the country last year cracked down on TikTok's e-commerce business.
SpaceX Completes Fifth Flight Test of Starship
By having the launch tower "catch" the first stage of the rocket as it landed back on earth, SpaceX achieved its aim with the test flight.
SpaceX Plans Fifth Flight Test of Starship Sunday
In this test flight, SpaceX is hoping to bring the second stage of the rocket back to the launch site after it separates from the Starship.
AI Chip Startup Led by Ex-Google Engineers Seeks $75 Million in New Capital
Numerous startups are trying to challenge market leader Nvidia, but they face tremendous technical and capital challenges.
Khosla Ventures Raises $405 Million to Invest in OpenAI Round
Khosla's initial $50 million investment in OpenAI could now be worth more than $1 billion on paper.
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