Coinbase Seeks Federal Charter for Custody, Payment Business
Coinbase joins Circle, Ripple and Stripe in seeking federal trust charters.
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The Information AM
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Tesla Shareholder Group Urges Vote Against Elon Musk Pay Package
The group said Musk’s proposed pay package risks significantly diluting shareholders and fails to incentivize him to focus on Tesla over other projects like xAI.
Amazon Devices Exec, S-Team Member Rob Williams to Retire
Williams was the e-commerce giant’s vice president of device software and services and has worked at the company since 2013.
Apple Removes ICE-Tracking App After Pressure From DOJ
The creator of the app said he would fight the move.
BlackRock-Owned GIP in Talks to Buy Data Center Firm for $40 Billion
MGX, an investment firm formed by Mubadala, is also involved in the talks.
Uber Buys Data Labeling Startup Segments AI
The deal comes as Uber expands into data labeling.
MGX, SoftBank Back OpenAI Tender at $500 billion Valuation
The share sale price is nearly double OpenAI’s $260 billion valuation from a separate $40 billion round of funding it’s raising.
Salesforce Targets AI Developers With New Vibe Coding Service
Salesforce has seen sluggish adoption for its agent-building service since launching it a year ago, so now it is targeting the hottest part of the AI market.
Tesla Deliveries Spiked 7% In Third Quarter Ahead of Tax Credit Expiry
The impending end of a $7,500 U.S. federal tax credit for electric vehicles at the end of September contributed to a surge in sales.
OpenAI Taps Samsung, SK Hynix for Massive AI Infrastructure Project
OpenAI’s demand may reach 900,000 wafers per month, more than doubling the current global memory production capacity.
Snyk Fields PE Interest as Growth Slows
The cybersecurity startup still plans to go public next year if it doesn't accept a buyout offer.
Fermi Soars to Nearly $22 billion Valuation in Trading Debut
Fermi, which was founded this year, is building a data center site connected to natural gas and nuclear power in Amarillo, Texas.
Exclusive: Crypto Treasury Stock Launches Stablecoins
Nasdaq-listed SUI Group is the first digital asset treasury firm to launch stablecoins, adding competition for Circle and Tether.
Mira Murati’s Thinking Machines Lab Launches First Finetuning Product
The product, called Tinker, allows developers to customize models on their own datasets.
Microsoft CEO Relinquishes Some Duties to Focus on Technology
Satya Nadella will offload business responsibilities to Judson Althoff.
Apple, OpenAI Seek to Throw Out Elon Musk’s xAI Antitrust Lawsuit
OpenAI said: "Elon Musk is waging a campaign of lawfare against the leading artificial intelligence company."
Stripe Plans to Apply for Federal Charter in Stablecoin Push
Stripe launched a service allowing clients to launch their own stablecoins in days.
Meta Plans to Acquire Chip Startup Rivos
The deal comes after Meta CEO Mark Zuckerberg in July said his company would spend “hundreds of billions of dollars” on compute for AI.
Amazon Unveils Revamped Device Lineup to Help Boost Alexa Usage
The e-commerce giant first launched a more conversational version of its Alexa voice assistant earlier this year.
CoreWeave Expands GPU Deal With Meta
The new deal extends the companies’ existing relationship.
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