Anthropic Raises $13 Billion at $170 Billion Valuation
Venture firm Iconiq led the Series F fundraising round.
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Klarna Sets IPO Pricing Range
Most of the shares to be sold in the Klarna IPO are held by investors, such as Sequoia and Silver Lake.
Meta’s AI Leaders Discuss Using Google, OpenAI Models in Apps
The deals are likely stopgap measures as it improves its own models.
OpenEvidence Considers Offers Valuing Health AI Startup at $6 Billion
The funding interest comes as ChatGPT creator OpenAI gears up to develop products related to the healthcare sector.
OpenAI Discusses India Data Center
CEO Sam Altman could announce the facility when he visits the country this month.
U.S. Makes it Harder for Samsung, SK Hynix to Manufacture Chips in China
The move could disrupt the South Korean firms’ supplies of memory chips manufactured at their China-based plants.
Elon Musk’s xAI Sues Ex-Employee For Allegedly Taking Secrets to OpenAI
The lawsuit accuses former xAI engineer Xuechen Li of taking information about "cutting-edge AI technologies with features superior to those offered by ChatGPT."
Perplexity Ad Chief Departs
The ad chief joined the startup last December to help it expand its business beyond subscriptions to its AI-powered search engine.
TikTok Challenger Flip Shuts Down
The social commerce app tried to grow by paying users and creators to post and shop.
China’s Government Warns Against “Disorderly” AI Competition
The government official’s remarks come as Chinese tech giants and startups are racing to launch new AI models and applications.
Alibaba’s Cloud Revenue Jumps 26% Thanks to AI Boost
The solid growth in cloud services revenue came after Alibaba launched its Qwen3 open-source AI models.
CFTC Outlines Path for Offshore Crypto Exchanges to Bring on U.S. Users
The regulator’s guidance could benefit firms like Binance and bring competition to Coinbase.
Microsoft Unveils AI Models to Lessen Its Reliance on OpenAI’s
Microsoft has developed the models over the past year to reduce its reliance on OpenAI’s artificial intelligence in powering Copilot products.
Stablecoin Card Startup Rain Raises $58 Million Led By Sapphire Ventures
The deal is enterprise tech investor Sapphire Ventures’ first stablecoin-related investment.
ByteDance Plans Share Buyback at $330 Billion Valuation
The firm’s revenue is on par with Meta Platforms, but its valuation is much lower than Meta’s due in part to the threat of a TikTok ban.
Snowflake Shares Jump as AI Helps Boost Sales in Q2
Snowflake is taking a measured approach in getting its customers to use AI in conjunction with the data they store in its database, and that seems to be working.
Nvidia Projects Strong Revenue Growth, Says U.S. Wants 15% Cut of China Sales
The company expects at least $3 trillion in AI infrastructure spending globally by the end of the decade.
Vast Data Aims to Go Public Second Half of 2026 or Later
Vast's customers include Elon Musk-run businesses xAI and Tesla and its bookings grew around 300% to nearly $800 million in the 12 months that ended Jan. 31
SpaceX Aces Tenth Test Launch of Starship Rocket
The Mars rocket had suffered a series of setbacks during previous test launches.
Anthropic to Settle Copyright Suit
The settlement would allow Anthropic to duck potentially billions in damages.
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