Stripe to Buy Back Shares at $107 Billion Valuation
Stripe is in talks to buy back shares from investors at a price that values the payments company at $106.7 billion.
Weekday mornings
The Information AM
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
Recent Editions
OpenAI, Oracle, SoftBank plan five new U.S. data center sites
The announcement comes a day after OpenAI CEO Sam Altman and Nvidia CEO Jensen Huang announced that the chip designer would invest up to $100 billion in OpenAI.
YouTube to Reallow Accounts Banned Over Covid-19, Election Integrity Violations
A lawyer representing Alphabet also said that the Biden Administration had “press[ed] the Company to remove non-violative content” related to the Covid-19 pandemic.
Altman Says Data Center Project Will Produce ‘Gigawatt of New AI Infrastructure Every Week’
Altman said that OpenAI would be disclosing later this year "interesting new ideas" it has about financing its AI infrastructure ambitions.
Nvidia Could Get 2% Stake in OpenAI From $10 Billion Investment
The chipmaker said it would invest up to $100 billion in OpenAI
Coinbase Wants to be ‘Super App’ and Replaces Banks: CEO
Brian Armstrong’s comments come as bank lobbying groups clash with crypto groups.
Arguments Begin for Remedies in Google’s Advertising Technology Anti-Trust Case
The Department of Justice is arguing for a Google break up
Nvidia Will Invest Up to $100 Billion in OpenAI For New Data Centers
The unprecedented agreement, while devoid of details, answers a looming question about how OpenAI would pay for its soaring server costs.
FTC Consumer Protection Lawsuit Against Amazon Heads to Trial This Week
In the suit, the FTC alleges Amazon made it difficult for shoppers to cancel subscriptions and understand billing terms.
Oracle CEO Catz Steps Aside, as Cloud Chief Promoted
The management shuffle highlights the importance of cloud to Oracle.
Trump to Sign Executive Order This Week With Details of TikTok Deal
The order will also delay enforcement of the TikTok sale-or-ban law for another 120 days.
Trump Says Murdochs are Likely to be Involved in TikTok Deal
A potential investment would be from Fox Corporation, according to a person familiar with the matter.
Microsoft, Amazon Warn Foreign Staffers to Stay in U.S. Due to H-1B Fee
The White House clarified on Saturday that the $100,000 fee applies only to new H-1B applications.
TikTok Deal Will Give Americans 6 of 7 Board Seats, White House Says
White House Press Secretary Karoline Leavitt said she anticipates the deal will be signed in the coming days.
Crypto Custody Firm BitGo Files for IPO
BitGo is the first crypto custodian to go public in the U.S.
Trump Announces $100,000 H-1B Visa Fee and $1 Million ‘Gold Card’
The move would make it more costly for tech companies to hire foreign workers.
Navan’s IPO Filing Shows Losses, Steady Revenue Growth
The travel software company is the latest in a flurry of tech IPOs this fall.
Oracle and Meta in Talks for $20 Billion Compute Deal
Meta is an existing customer of Oracle, but the new deal could greatly increase the amount of Nvidia graphics processing units it rents from the firm.
Nvidia in Talks to Invest $500 Million in Wayve
Jensen Huang previewed investments in several U.K. companies.
Rent the Runway Previously Explored Strategic Options Including a Sale
None of the discussions progressed beyond preliminary talks, the company said in a filing.
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