OpenAI, AWS Sign $38 Billion Cloud Deal
The deal is OpenAI’s first with AWS as the startup moves quickly to rent servers equipped with Nvidia chips from a wide range of cloud providers.
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Recent Editions
Exclusive: Kalshi Hires Ex-Uber Executive Tejwani as First CFO
The prediction market would consider an IPO after hitting $5 billion valuation.
OpenAI’s Revenue Could Reach $100 Billion in 2027, Altman Suggests
The company previously forecast reaching that milestone in 2028.
Google Pulls AI Model Following Defamation Accusations
Senator Marsha Blackburn sent a letter accusing Gemma of fabricating rape allegations against her.
White House Says China Will Drop Antitrust Probes Into U.S. Chip Companies
In recent months, China has opened antitrust investigations into both Qualcomm and Nvidia, among other companies, in what were seen as a move by China to increase pressure on the U.S. over trade.
Netflix Reportedly Explores a Bid for WBD’s Streaming and Studio Businesses
WBD last week said it had initiated a strategic review, weighing whether to sell, either in part or whole.
Tether Launches Share Buyback as Profit Tops $10 Billion
The largest stablecoin issuer has been raising funding to expand business lines.
Elon Musk Says Tesla Might Unveil A Flying Car This Year
Musk has previously teased a flying version of Tesla's Roadster.
Elon Musk’s SpaceX to Receive $2 Billion for Trump’s ‘Golden Dome’ Project
Trump wants the system to be capable of intercepting missiles fired at the U.S. from anywhere in the world.
Nvidia to Supply Samsung With 50,000 GPUs
The deal, worth potentially hundreds of millions of dollars, was announced during Nvidia CEO Jensen Huang's trip to South Korea this week.
Globalstar Has Discussed a Potential Sale with SpaceX, Others
A deal with SpaceX would further consolidate the company’s power in satellite-based internet services.
Apple Forecasts Strong Holiday Growth on iPhone 17 Demand
Services continues to be the company’s faster growing division
Nvidia Said to Plan $1 Billion Investment in Poolside
Poolside recently announced plans to build an AI data center.
Coinbase Rises After Revenue Jumps 55%
The biggest U.S. exchange is riding on a trading boom and going on an acquisition spree.
AWS Growth Picks Back Up, Boosting Shares 10%
While AWS’s cloud business is much larger than rivals Microsoft and Google’s, it has been under pressure to speed up growth.
Bending Spoons Raises $3.1 billion in Debt and Equity
The borrowing will cover both the cost of the AOL deal and give the company money to pursue further acqusitions.
NBCUniversal’s Peacock Reports Flat Subscribers, Lower Revenue
Executives said that excluding the impact of the Olympics, Peacock's revenue rose.
Meta Plans to Sell At Least $25 Billion of Bonds
Meta has received orders for about $125 billion for the sale.
Travel Software Firm Navan Falls on Opening Day of Trading
It’s the largest company to go through with a public listing during the government shutdown.
SpaceX Says It’s Considering Changes to Moon Mission Plan After NASA Chief’s Criticism
SpaceX has suffered from delays to its Starship launch vehicle that acting NASA administrator Sean Duffy said prompted the agency to open up bids to rivals.
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