Micron Shares Surge After Company Beat Revenue, Gross Margin Projections
The company is projecting faster top line growth and higher margins amid ballooning demand for its memory chips from AI firms.
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Amazon Replaces Leader of AI Organization with AWS Exec
The company is also broadening its division focused on creating foundational models to also include efforts other efforts, like computing
Anthropic Taps Bitcoin Miner With Trump Family Ties For Data Centers
Hut 8 is one of several publicly-traded bitcoin miners trying to pivot to building AI data centers.
Oracle Shares Fall After a Data Center Financier Decides Not to Fund its Michigan Facility
Blue Owl’s decision could spark concern across the industry that some large-scale projects might struggle to get financial backing.
Coursera to Buy Udemy for $950 Million in Stock
The combination will give the companies more scale to compete as AI threatens their businesses.
WBD Rejects Paramount’s Offer
Warner Bros Discovery questions the details of Larry Ellison's promised $41 billion equity backstop for the Paramount offer.
Tesla to Face 30-Day California Sales Suspension Unless it Changes Marketing
A California administrative law judge said Tuesday that the way Tesla markets its driver assistance software products misleads consumers about their capabilities.
Tencent Names Former OpenAI Researcher Chief AI Scientist
Yao Shunyu is overseeing Tencent’s model development as well as AI infrastructure.
Manus AI Agent Reaches $125 Million Annual Run Rate
The Benchmark-backed startup is still figuring out how to generate enough revenue to build a sustainable business model.
Waymo Discusses Raising Billions at More Than $100 Billion Valuation
The new money would help fund an expansion into several more cities next year.
Amazon in Talks to Make $10 Billion OpenAI Investment
AWS would not be able to sell OpenAI models directly to its cloud customers, however.
U.S. Threatens Retaliation Against European Tech Companies
The Trump administration singled out companies such as Mistral and Spotify.
Databricks Valued at $134 Billion in New Financing
The round will allow Databricks to continue to stay private while allowing employees to sell some shares.
Former UK Chancellor George Osborne to Join OpenAI as Head of OpenAI for Countries
Osborne will lead the expansion of OpenAI’s Stargate effort to build data centers around the world
Lightspeed, Dragoneer Raise Multibillion-Dollar Funds
The backers of Anthropic and OpenAI have over $12 billion more to spend on AI.
PayPal Applies to Become a Bank for Small Business Lending
The bank will originate small business loans and offer interest-bearing savings accounts.
Roomba Maker Files for Bankruptcy
IRobot announced that its main contract manufacturer will acquire its assets.
Tesla Stock Jumps After Elon Musk Says It’s Testing Driverless Robotaxi
Tesla currently offers rides to customers in two cities, though all customer rides in both regions currently have operators inside vehicles that can intervene if self-driving software malfunctions.
Former Shopify Executive Joins OpenAI to Lead ChatGPT Apps Efforts
OpenAI has taken early steps to make ChatGPT the default way its users interact with other apps.
Trump Administration Launches ‘Tech Force’ Recruitment Drive
Companies including OpenAI, Meta and xAI have signed on to be involved.
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The Information AM by The Information Staff
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