Illinois Legislature Passes Landmark AI Safety Bill
Illinois joins California and New York on AI regulation as federal government lags behind
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Anthropic Releases New Flagship AI Model
Claude Opus 4.8 will cost the same as the prior flagship model, Opus 4.7.
Anthropic Raises $65 Billion at $900 Billion Valuation; Micron, Samsung Invest
The maker of Claude Code has passed $47 billion in annualized revenue.
SpaceX Committed to Six Month Anthropic Data Center Lease, Musk Says
The comment provides more detail than language in SpaceX’s recent public S-1 filing.
Meta Launches Paid AI Chatbot Subscriptions
The company is rolling out tiered paid subscriptions for its AI chatbot across Facebook, Instagram, and WhatsApp.
Google Employee Charged For Alleged Polymarket Bets
Federal prosecutors charged a Google employee with using confidential information to win $1.2 million betting on Polymarket.
Snowflake Shares Jump 35% as AI Product Adoption Grows
Investors seem to believe that Snowflake is well-positioned to ride out the SaaSpocalypse and become the go-to provider for customers to build AI applications.
Snowflake Inks $6 Billion Deal with AWS Tied to Graviton Chips
CPUs like Graviton are becoming increasingly important for AI workloads
Salesforce Stock Dips as Software Firm Lowers Cash Flow Forecast
Salesforce said its lower projection for operating cash flow growth was due to its recent $25 billion debt issuance.
Crypto-Friendly United Texas Bank Switches Regulator to OCC
The bank, which has become a key bank for overseas crypto exchanges, says it successfully converted its charter despite being under a consent order.
Coding Startup Cognition Raises $1 Billion at a $26 Billion Valuation
General Catalyst, Lux Capital and 8VC co-led the round, with participation from Atreides Management, Founders Fund and Ribbit Capital, the company said.
OpenAI Foundation to Spend $250 Million on AI Economic Impact
The company’s charitable arm was separated from OpenAI’s for-profit business last fall as part of a restructuring.
Amazon Launches Service to Put AI Shopping Assistants on Other Retailers’ Sites
Amazon is letting other retailers build their own “Alexa for Shopping” assistants via AWS
Kuaishou’s Kling AI Video Unit Reaches $500 Million in Annualized Revenue
Kuaishou is in talks to raise money for Kling, paving the way for the AI unit’s future listing.
ByteDance Mulls $70 Billion Capex This Year as AI Costs Grow
The Chinese tech giant’s capex boost reflects the surging costs of compute in the AI industry worldwide.
Qualcomm Strikes AI Chip Deal With ByteDance
Landing a high-profile customer like ByteDance could help accelerate Qualcomm’s expansion into the AI computing market.
Micron Passes $1 Trillion as AI Memory Demand Sends Shares Soaring
SK Hynix, Micron’s South Korean competitor, also joined the $1 trillion club on Wednesday after its stock surged in Seoul.
Inference Provider Baseten in Talks to Double Valuation to $11 Billion
Startups that provide GPU servers and software customize models have seen a spike in demand.
ServiceNow CMO to Join OpenAI
Colin Fleming will assume the role of chief marketing officer for OpenAI's business segment.
Dropbox CEO to Step Down After 20 Year Stint
Dropbox founder and chief executive Drew Houston has had one of the longest running tenures at the helm of a tech company.
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