OpenAI Replaces Its Chief Revenue Officer with Wiz President
OpenAI chief revenue officer Denise Dresser had only been at the company for eight months before her exit.
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DeepSeek’s Flagship V4-Pro Model Gets Mixed Reviews
The early feedback highlights the difficulty of continuing to live up to industry expectations.
Cisco Systems Says Cloud Providers Buying More AI Chips, Switches
A decade ago, cloud providers didn't pay much attention to Cisco's networking hardware, but that's changing as they increase their investments in GPU chips.
Cerebras Shares Fall 16% On A Decline In Hardware Revenue
The AI chip designer’s second-ever earnings call was a mixed bag, but Wall Street wasn’t happy.
Exclusive: Sequoia, Wellington in Talks to Back Kalshi at $40 Billion Valuation
Wellington, which has made investments in companies leading up to their IPOs, would be a new investor.
Kushner and Iger Agree to Buy Los Angeles Lakers
The duo are buying the controlling stake of Mark Walter in a deal that values the team at $12.5 billion.
Google Raises Prices for Latest Pixel Phones
Google's pricing moves reflects soaring memory chip costs, which are expected to cause Apple to raise the price of the latest iPhone expected out next month.
Tencent’s Capex Nearly Triples on More Compute for AI Models and Tools
The Chinese tech giant is beefing up its infrastructure to train more powerful AI models as domestic competition heats up.
Nebius Shares Soar on Q2 Revenue Surge
Nebius' cash burn also surged due to soaring capital expenditures.
Former Alibaba Researcher Announces New Startup on Digital and Physical AI Agents
Junyang Lin’s Pragmatik Labs is part of a wave of emerging neolabs in China.
CoreWeave’s Revenue Doubles But So Does Cash Burn
The company's high cash burn reflects the massive capital expenditures it is laying out to build a network of data centers.
Google’s Gemini App Hits 1 Billion Monthly Users
The search giant reached the milestone less than a month after reporting 950 million monthly active users.
OnlyFans Investor Plans Financial Products for Creators
Sagan highlighted that OnlyFans creators remain among the highest-earning yet most underbanked entrepreneurs in the world.
SpaceXAI Announces AI Agents Product ‘Grok Bot’
The product was jointly developed by SpaceXAI and Cursor.
OpenAI Special Projects Lead, Former COO Brad Lightcap To Depart
Lightcap's role has changed several times in the last year.
Manus to Return as an Independent Company as Meta Deal Unwinds
The AI startup asks users to back up data generated after the Meta acquisition
Exclusive: Anton Levy’s Layer Global Raises $1.1 Billion in First Close
The firm's fundraising comes despite a difficult moment for first-time funds.
Meta to Open-Source Flagship Muse Spark 1.2 Model
The Facebook owner’s latest move could provide customers with alternatives to popular Chinese open-source models.
Exclusive: Former OpenAI Robotics Lead Joins Anthropic
Caitlin Kalinowski quit OpenAI over its military negotiations in March.
Anthropic in New Datacenter Partnership With Macquarie, GIC
The initial focus will be on the United States but the parties will identify new sites as the project develops.
Weekday mornings
The Information AM by The Information Staff
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