SpaceX Pushes for IPO Banks to Cut Fees
SpaceX is seeking a less than 0.75% fee, Bloomberg reported, while previous mega listings have usually commanded at least 1%.
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SK Hynix to Double Capacity as AI Strains Memory Supply
SK Hynix Chairman said the memory shortage could last until 2030.
Salesforce Stake in Anthropic Reaches $5 Billion
Anthropic last week said it raised $65 billion at a $900 billion valuation.
Salesforce Acquires Contentful in Latest Move to Boost AI
Salesforce gets a discount on a content management system software provider that was valued at $3 billion after its last funding five years ago.
Google to Raise $80 Billion for AI Spending, Employee Equity Taxes
Alphabet announced plans to sell new stock for the first time since 2005, aiming to raise $80 billion in equity to spend on AI infrastructure and compute.
OpenAI Taps Salesforce Executive to Lead Global Partnerships
Brian Landsman, a 14-year Salesforce veteran who led its app store, becomes the latest executive from that company to join OpenAI.
Florida Sues OpenAI and Sam Altman Over Safety Concerns
The 83-page complaint seeks to hold Altman personally liable for “reckless and willful misconduct.”
Anthropic Makes Confidential IPO Filing
The maker of Claude is vying with OpenAI to be the first to go public.
SpaceX Discloses Updated Details of Anthropic Deal, Flags Data Center Water Risks
The initial SpaceX filing did not include language about an initial three-month deal period with Anthropic.
China’s MiniMax Launches New Model as Open-Source AI Coding Battle Heats Up
Chinese AI firms including MiniMax, Moonshot AI and DeepSeek are trying to attract more users by offering cheaper coding alternatives to Anthropic and OpenAI.
Nvidia Unveils New Chip for PCs
Microsoft, Dell, HP, ASUS, Lenovo and MSI all previewed new laptops that will use the chips on Sunday.
Intel to Ship New AI Chip This Year to Challenge Nvidia
Intel wants to build its new AI chip in its own foundries, a move that could lower costs and reduce its reliance on TSMC.
US Clarifies AI Chip Export Loophole
The Commerce Department is making clear that Chinese companies cannot use overseas subsidiaries to sidestep US limits on advanced AI chips.
Anthropic Cuts List of Firms Unauthorized for Trading in Its Shares
Company’s early guidance in May prompted complaints.
Softbank to Invest Up To 75 Billion Euros on AI Data Centers in France
Plan to build and operate 5 gigawatts of capacity is the company’s largest AI infrastructure investment in Europe.
SpaceX Is Awarded $4 billion Contract with U.S. Space Force
Deal highlights importance of government business for Elon Musk’s rocket company.
Meta Plans an AI Pendant as Part of Ambitious Wearables Expansion
Facebook parent aims to drive AI use and stem huge losses in its hardware division.
Kalshi, Coinbase Approved to Offer Crypto Perpetuals in U.S.
U.S. regulator gave blessing to perpetuals, a highly-leveraged crypto product popular outside the U.S., for the first time.
Blue Origin New Glenn Rocket Explodes During Test
The incident could delay the company’s participation in the Artemis moon missions.
Dell Shares Rise Nearly 40% After Surge in AI Server Sales
The PC and server maker is continuing to benefit as more of its customers build AI applications, but component shortages are becoming an issue.
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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