The Information

Chris Taylor, left, and Eddie Siegel of Ode. Photos courtesy of Ode.

Anthropic’s Enterprise AI Venture Buys Consultancy

By Julia Hornstein · Aug 20, 2026 6:00am PDT

A joint venture established by Anthropic and Wall Street firms such as Blackstone has made its first acquisition since its July launch as it looks to boost the growth of Claude, Anthropic’s chatbot, among businesses. Anthropic’s venture, called Ode with Anthropic, plans to announce Thursday that it is buying an AI consultancy, Casper Studios,... A joint venture established by Anthropic and Wall Street firms such as Blackstone has made its...

Jensen Huang, CEO of Nvidia. Photo by Kiyoshi Ota/Getty Images

Nvidia Discusses Funding Its AI Data Supplier Mercor at a $20 Billion Valuation

By Phoebe Liu and Julia Hornstein · Aug 19, 2026 10:48am PDT

Nvidia has discussed an investment in Mercor, a data labeling provider that helps the chip designer develop its open-source AI models, according to a person with knowledge of the process. The investment would be part of a $20 billion-valuation round. Existing investor General Catalyst has been in talks to lead the round. Historically, most of... Nvidia has discussed an investment in Mercor, a data labeling provider that helps the chip...

From left: OpenAI's Sam Altman, U.S. President Donald Trump and Google DeepMind's Demis Hassabis at G7 Summit in June. Photo by Anna Moneymaker/Getty Images

For AI Companies, Unanswered Questions About White House Model Testing Plan

By Leo Schwartz · Aug 19, 2026 6:00am PDT · 2 comments

In early August, the White House hosted tech companies including OpenAI, Anthropic and Google to share details on its new AI framework, which would encourage labs to voluntarily share their most advanced new models with the government before releasing them to the public. But more than two weeks later, much of the AI sector remains in the dark... In early August, the White House hosted tech companies including OpenAI, Anthropic and Google to...

Anthropic CEO and co-founder Dario Amodei. Photo by Getty.

Anthropic Prepares Supervoting Power for Founders as it Readies for Mega-IPO

By Cory Weinberg and Valida Pau · Aug 18, 2026 1:29pm PDT

Anthropic CEO and co-founder Dario Amodei. Photo by Getty.

Anthropic Prepares Supervoting Power for Founders as it Readies for Mega-IPO

By Cory Weinberg and Valida Pau · Aug 18, 2026 1:29pm PDT

Anthropic has been preparing to give CEO Dario Amodei and other co-founders a class of stock with extra voting power to help insulate them from outside shareholder pressure, two people familiar with the matter said. It would be the first time Anthropic’s leaders have extra voting power, which has become common practice for tech founders. It is... Anthropic has been preparing to give CEO Dario Amodei and other co-founders a class of stock with...

A Tesla Cybercab on a street in San Francisco, in June. Photo via Getty Images.

Tesla Readies August Launch of Cybercab, Its Robotaxi Without a Steering Wheel

By Grace Kay · Aug 17, 2026 12:26pm PDT

Tesla has told staff it is gearing up for a public launch of the Cybercab, its first vehicle designed without a steering wheel or brake pedal, intended for its autonomous ride-hailing service, Robotaxi. The company aims to start with a public rollout in Austin, Texas. It plans to launch the Cybercab to the public in the city as soon as this... Tesla has told staff it is gearing up for a public launch of the Cybercab, its first vehicle...

Nvidia CEO Jensen Huang. Photo by Kiyoshi Ota/Getty Images

Nvidia in Talks to Invest $3 Billion in SB Energy as Part of OpenAI Data Center Deal

By Valida Pau, Ann Davis Vaughan and Phoebe Liu · Aug 15, 2026 12:12pm PDT

Nvidia is in talks to invest as much as $3 billion in SB Energy, the Softbank Group-backed developer of a massive planned Ohio data center project for OpenAI, according to people familiar with the discussions. The investment is being discussed as part of Nvidia’s negotiations with OpenAI and SB Energy over the chip giant providing around $100... Nvidia is in talks to invest as much as $3 billion in SB Energy, the Softbank Group-backed...

Art by Clark Miller; Tesla, Getty Images.

Tesla Nears Unveiling of Radical New ‘Flying’ Roadster

By Grace Kay · Aug 14, 2026 6:06am PDT · 2 comments

Between Elon Musk’s promises of supernimble robots and interstellar colonization, the billionaire has spent plenty of time over the last decade hyping up another ambitious effort: the next version of the Roadster, the sporty electric vehicle that first put Tesla on the map. At first, he said he wanted the vehicle to be the fastest production car... Between Elon Musk’s promises of supernimble robots and interstellar colonization, the billionaire...

Art by Clark Miller.

OpenAI, Anthropic Data Demand Turns Startups’ Slack Threads Into Prized Assets

By Alix Coutures · Aug 13, 2026 6:00am PDT · 1 comment

Art by Clark Miller.

OpenAI, Anthropic Data Demand Turns Startups’ Slack Threads Into Prized Assets

By Alix Coutures · Aug 13, 2026 6:00am PDT · 1 comment

Eight days after AI agent startup Warmly in late June agreed to be acquired by HubSpot, CEO Maximus Greenwald found an unusual email in his inbox. Mercor, a San Francisco startup that pays contractors to train AI models for labs such as OpenAI, Anthropic and Google, was offering to buy or license Warmly’s code base and records of its tasks and... Eight days after AI agent startup Warmly in late June agreed to be acquired by HubSpot, CEO...

Art by Clark Miller; Getty Images.

Kalshi Tops $4 Billion In Annualized Revenue as it Seeks $40 Billion Valuation

By Yueqi Yang · Aug 11, 2026 2:25pm PDT

World Cup wagers helped double Kalshi’s revenue to a more than $4 billion annualized rate in July, from a pace of over $2 billion two months earlier, a person familiar with the matter said. That growth is set to drive another jump in the prediction market’s valuation. Kalshi is in advanced talks to raise new funding at a $40 billion valuation,... World Cup wagers helped double Kalshi’s revenue to a more than $4 billion annualized rate in...

David Sacks, Craft Ventures partner and Co-Chair of the President's Council of Advisors on Science and Technology. Getty Images.

Sacks’ Craft Targets $1 Billion in First Fund Since White House Stint

By Julia Hornstein and Leo Schwartz · Aug 11, 2026 11:07am PDT · 2 comments

Craft Ventures, the VC firm helmed by former White House AI czar David Sacks, is raising its first fund since Sacks stepped away from the Trump Administration role earlier this year, according to a securities filing and two people with knowledge of the effort. The firm is targeting around $1 billion for the new fund, one of the people said. The... Craft Ventures, the VC firm helmed by former White House AI czar David Sacks, is raising its...

Jessica E. Lessin and James Sagan.

OnlyFans’ New Investor Reveals Financials, IPO Ambitions in Rare Interview

By Jessica E. Lessin · Aug 11, 2026 10:31am PDT · 1 comment

One of the most interesting deals of the year had nothing to do with GPUs or tokens. This spring, Architect Capital bought a 16% stake in the adult content platform OnlyFans, at a valuation just north of $3 billion. The founder of Architect Capital has been mum about the deal—one that most other investors wouldn’t touch. But this week, I... One of the most interesting deals of the year had nothing to do with GPUs or tokens. This spring,...

Bryan Catanzaro, Nvidia’s vice president of applied deep learning research. Getty Images.

Why Nvidia Is Trying To Develop The World’s Best Open-Source AI Models

By Phoebe Liu and Laura Bratton · Aug 11, 2026 6:00am PDT · 2 comments

Bryan Catanzaro, Nvidia’s vice president of applied deep learning research. Getty Images.

Why Nvidia Is Trying To Develop The World’s Best Open-Source AI Models

By Phoebe Liu and Laura Bratton · Aug 11, 2026 6:00am PDT · 2 comments

Nvidia is doubling down on its open-source efforts, pouring investment into an ambitious new in-house AI model that it hopes will drive demand for its hardware—but that could also compete with customers and partners. Nvidia is aiming for the new model, the biggest of a family that it is calling Nemotron 4, to be on par in its performance... Nvidia is doubling down on its open-source efforts, pouring investment into an ambitious new...

The CEO and co-founder of Applied Compute, Yash Patil. Art by Clark Miller; YouTube.

Applied Compute in Talks to Double Valuation to $3 Billion on Open-Source Demand

By Stephanie Palazzolo and Julia Hornstein · Aug 10, 2026 1:18pm PDT

Applied Compute, a year-old startup that helps companies run and customize open-source models with their own data, is discussing a new funding round that would value it at around $3 billion, more than double its valuation from a round announced four months ago, according to a person with knowledge of the funding. The financing follows strong... Applied Compute, a year-old startup that helps companies run and customize open-source models...

Matthias Balk/Getty Images.

Microsoft’s Homegrown AI Chip Effort Shows Signs of Life After Slow Start

By Aaron Holmes and Qianer Liu · Aug 10, 2026 6:00am PDT

Microsoft is planning to significantly increase production of its internally designed next-generation AI chips next year in hopes of persuading big cloud customers like Anthropic to use them, according to two people with direct knowledge of the plans. That’s despite slow uptake of the current generation of Microsoft-designed chips, known as the... Microsoft is planning to significantly increase production of its internally designed...

The Stargate AI data center in Abilene, Tex.. Photo by Getty.

Nvidia to Invest Up to $3 Billion in Blackstone-Backed Power Firm Behind Stargate

By Ann Davis Vaughan, Valida Pau and Phoebe Liu · Aug 7, 2026 6:23pm PDT

Nvidia has agreed to invest $2 billion into Lancium, the power infrastructure developer behind the OpenAI and Oracle AI campus in Texas, and has agreed to commit another $1 billion as the developer secures additional planned power, three people familiar with the transaction said. The deal values Lancium and its portfolio of land and power... Nvidia has agreed to invest $2 billion into Lancium, the power infrastructure developer behind...

Adam Gray/Bloomberg via Getty Images.

Cursor Maps Out Branding, Other Changes as SpaceX Acquisition Nears

By Grace Kay · Aug 7, 2026 12:17pm PDT · 1 comment

Adam Gray/Bloomberg via Getty Images.

Cursor Maps Out Branding, Other Changes as SpaceX Acquisition Nears

By Grace Kay · Aug 7, 2026 12:17pm PDT · 1 comment

Cursor told staff at an all-hands meeting on Thursday that SpaceX could complete its $60 billion acquisition of the coding startup as soon as the end of next week, and flagged that the Cursor brand name will likely be phased out for new products in the coming months, people familiar with the matter said. For instance, Cursor’s upcoming... Cursor told staff at an all-hands meeting on Thursday that SpaceX could complete its $60 billion...

Harvey CEO and co-founder Winston Weinberg. Getty Images.

Harvey in Talks to Raise Funding at $15.5 Billion Valuation

By Stephanie Palazzolo and Julia Hornstein · Aug 7, 2026 9:54am PDT

Legal AI startup Harvey is in talks to raise at least $500 million at a $15.5 billion valuation including the investment, a 40% premium to its last valuation five months ago. The fundraising follows a revenue surge at the legal AI startup, according to a person with knowledge of the fundraise. Four-year-old Harvey is currently generating more... Legal AI startup Harvey is in talks to raise at least $500 million at a $15.5 billion valuation...

Canva CEO Melanie Perkins. Photo by Nina Franova/Getty Images

Canva Hits AI Speedbump on Costs, ChatGPT Competition

By Cory Weinberg and Stephanie Palazzolo · Aug 6, 2026 1:26pm PDT · 2 comments

Executives at Canva, the design software app with more than 200 million users, had high hopes for a rollout of AI tools that marked the biggest product launch in the startup’s 13-year history. Instead, the privately held company has dealt with a series of stumbles related to AI. First, the unexpected popularity of new AI features drove up the... Executives at Canva, the design software app with more than 200 million users, had high hopes for...

Panthalassa Ocean-2, a prototype data center node off the coast of Washington state. YouTube.

Ocean-Powered Data Center Startup Set to Double Valuation to $2 Billion

By Julia Hornstein · Aug 6, 2026 11:06am PDT

AI data centers need boatloads of power, a need that’s set off a flood of investment into startups harnessing nuclear or solar energy to run the servers. Now one startup is raising money to power AI from a different source: the ocean. Panthalassa, a 10-year old startup making technology that aims to generate electricity from the movement of... AI data centers need boatloads of power, a need that’s set off a flood of investment into...

Art by Clark Miller.

Nvidia Weighs Radical Idea: Less Rubin Ultra Chip Memory

By Qianer Liu and Phoebe Liu · Aug 6, 2026 9:16am PDT · 1 comment

Art by Clark Miller.

Nvidia Weighs Radical Idea: Less Rubin Ultra Chip Memory

By Qianer Liu and Phoebe Liu · Aug 6, 2026 9:16am PDT · 1 comment

Nvidia is weighing a radical step to deal with a shortage of advanced high-bandwidth memory chips: using less of it than planned in its next-generation graphics processing unit, the Rubin Ultra. Over the past few weeks, Nvidia has been testing at least three versions of the Rubin Ultra GPU, some of which have less memory than what the company... Nvidia is weighing a radical step to deal with a shortage of advanced high-bandwidth memory...