The Information

Marc Lore, founder and CEO of Wonder. Getty Images.

Marc Lore’s Wonder Ties $9 Billion-Valuation Fundraise to Future IPO

By Julia Hornstein and Cory Weinberg · Jul 8, 2026 6:08pm PDT

Wonder, the owner of GrubHub and Blue Apron, is lining up hundreds of millions of dollars, at a valuation of $9 billion, in what could be its last round before going public. To seal the deal, founder Marc Lore has been offering investors sweeteners—and putting his own money in the pot. The company has arranged to give investors in the... Wonder, the owner of GrubHub and Blue Apron, is lining up hundreds of millions of dollars, at a...

Art by Mike Sullivan

Binance to Cooperate Less on Crypto Cases, Justice Department Warns Staff in Memo

By Leo Schwartz · Jul 8, 2026 9:33am PDT

In early June, the U.S. Department of Justice sent a memo to its attorneys working on digital currency cases with a warning: They should expect less cooperation from the world’s largest crypto exchange, Binance, on future cases. The email came from Rachel Jones, the Justice Department’s digital currency counsel, and cc’d top attorneys such as... In early June, the U.S. Department of Justice sent a memo to its attorneys working on digital...

Photo by Andrew Sozinov/Shutterstock

China Plans to Let Top AI Firms Buy Limited Amount of Nvidia H200 Chips

By Qianer Liu · Jul 8, 2026 7:54am PDT

China plans to allow some of the country’s biggest AI companies to buy a small number of Nvidia’s H200 chips, according to two people with direct knowledge of the matter. The chip purchase approvals would offset a shortage caused by soaring demand for AI chips. U.S. President Donald Trump gave Nvidia permission in December to ship H200 chips to... China plans to allow some of the country’s biggest AI companies to buy a small number of Nvidia’s...

Jay Janner/The Austin American-Statesman via Getty Images.

Tesla’s Robotaxi Push Tests New Blueprint for Scaling Fast

By Grace Kay · Jul 8, 2026 6:00am PDT

Jay Janner/The Austin American-Statesman via Getty Images.

Tesla’s Robotaxi Push Tests New Blueprint for Scaling Fast

By Grace Kay · Jul 8, 2026 6:00am PDT

Before Tesla launched its Robotaxi service in Austin, Texas, last summer, it recruited hundreds of workers to test and monitor the system. When it expanded the service to Miami this past weekend, it relied on fewer drivers, according to three people with knowledge of the program. The Miami launch marked the first time Tesla has debuted the... Before Tesla launched its Robotaxi service in Austin, Texas, last summer, it recruited hundreds...

Nvidia CEO Jensen Huang. Photo by I-Hwa Cheng/Getty Images.

Nvidia’s New Hedge Against Chip Competitors? Partner with Them

By Phoebe Liu · Jul 7, 2026 5:49pm PDT

Nvidia has a plan to deal with the growing list of AI server chip competitors: partner with them. In the latest example, Nvidia and AI chip startup d-Matrix are combining their respective hardware in a new system to power AI models, the companies told The Information exclusively. Nvidia has a plan to deal with the growing list of AI server chip competitors: partner with them....

Art by Clark Miller

When Andreessen Horowitz Has a Sticky Situation to Solve, It Calls ‘The Wolf’

By Michael Roddan · Jul 7, 2026 9:00am PDT · 2 comments

Last year, Alex Bouaziz, CEO of $17 billion payroll startup Deel, was several months into an escalating legal battle with an archrival, Rippling, when he texted one of his investors, Ben Horowitz, about an issue. He alerted Horowitz to a recent podcast in which Rippling CEO Parker Conrad had criticized Horowitz’s venture capital firm, Andreessen... Last year, Alex Bouaziz, CEO of $17 billion payroll startup Deel, was several months into an...

Zhang Peng, CEO of Knowledge Atlas Technology, better known as Zhipu, during the company's listing ceremony at the Hong Kong Stock Exchange in January. Lam Yik/Getty Images.

China’s AI Lab Zhipu Weighs Custom Chip As Demand for its GLM Model Soars

By Qianer Liu and Juro Osawa · Jul 7, 2026 6:00am PDT

Zhipu AI, the Chinese AI lab behind the highly regarded GLM series of open-source AI models, is weighing designing its own AI chip as surging demand and U.S. export controls make computing resources a growing constraint, according to three people with direct knowledge of the plan. The Beijing-based company, one of China’s leading AI labs,... Zhipu AI, the Chinese AI lab behind the highly regarded GLM series of open-source AI models, is...

Josh Kushner of Thrive Capital. Photo by Getty

SoftBank, Altimeter, D1 to Invest in Thrive Holdings’ $2 Billion Financing

By Julia Hornstein · Jul 6, 2026 1:08pm PDT · 1 comment

Josh Kushner of Thrive Capital. Photo by Getty

SoftBank, Altimeter, D1 to Invest in Thrive Holdings’ $2 Billion Financing

By Julia Hornstein · Jul 6, 2026 1:08pm PDT · 1 comment

Some of the biggest backers of OpenAI and its rivals are pooling their money in an offshoot of Thrive Capital that buys controlling stakes in accounting and other services firms and aims to transform them with AI. Thrive Holdings, a one-year-old holding company started by OpenAI investor Thrive Capital, is raising around $2 billion from... Some of the biggest backers of OpenAI and its rivals are pooling their money in an offshoot of...

Getty Images.

Tesla Caps Employee AI Spend at $200 per Week After Adoption Push

By Grace Kay · Jul 2, 2026 12:08pm PDT · 2 comments

Tesla told employees last month it would impose a $200 per week limit for staff’s AI spending beginning July 6, according to an internal memo, a sign that even companies committed to using the technology to transform their operations and products are having to watch their costs. Over the past few months, software engineers at Tesla were often... Tesla told employees last month it would impose a $200 per week limit for staff’s AI spending...

Matthias Balk/Getty Images

Microsoft Memo Details AI App Overhaul to ‘Earn the Right to Exist’

By Aaron Holmes and Erin Woo · Jul 2, 2026 10:36am PDT · 1 comment

Microsoft is merging its consumer and enterprise Copilot apps and cutting unwanted features to ‘earn the right to exist’ in the eyes of customers, an executive told staff Thursday morning. In a 1,200-word memo, Jacob Andreou, an executive vice president, said the new unified app will also feature AI coding tools and new AI agents that... Microsoft is merging its consumer and enterprise Copilot apps and cutting unwanted features...

Art by Clark Miller.

Anthropic in Talks With Samsung to Manufacture Custom AI Chip

By Qianer Liu · Jul 2, 2026 6:50am PDT · 1 comment

Anthropic has begun early-stage work on its own AI chip and held talks with Samsung Electronics as a potential manufacturing partner, following the lead of rival OpenAI in trying to get more control over the costly computing systems behind its models, according to three people with direct knowledge of the project. If the Claude maker goes ahead... Anthropic has begun early-stage work on its own AI chip and held talks with Samsung Electronics...

Nvidia CEO Jensen Huang via Getty

Nvidia Says It Will Take a Cut of Some Customers’ Cloud Revenues

By Phoebe Liu · Jul 1, 2026 8:31pm PDT · 3 comments

Nvidia CEO Jensen Huang via Getty

Nvidia Says It Will Take a Cut of Some Customers’ Cloud Revenues

By Phoebe Liu · Jul 1, 2026 8:31pm PDT · 3 comments

Nvidia is using its powerful balance sheet to help more companies buy its expensive AI chips, and possibly make some money back too. It’s promising to financially backstop young cloud providers that rent out its graphics processing units in exchange for a share of their revenues. The backstop would come in the form of promising to rent back... Nvidia is using its powerful balance sheet to help more companies buy its expensive AI chips, and...

Adam Selipsky. Getty Images.

New KKR Venture Hunts for Deals to Clear Data Center Logjam

By Dakin Campbell · Jun 30, 2026 6:00am PDT

Newly launched AI infrastructure firm Helix Infrastructure Partners is jumping into the AI build-out race, joining a growing group of private equity investors trying to bring new data center space to hyperscalers while demand is still red hot. Helix, backed by investing giant KKR, Nvidia and others and led by former Amazon Web Services chief... Newly launched AI infrastructure firm Helix Infrastructure Partners is jumping into the AI...

Higgsfield co-founder Alex Mashrabov attends the Higgsfield "Hell Grind" screening at Metro Private Cinema in New York City. Photo by Getty Images.

AI Video Startup in Talks to Quadruple Valuation to $5 Billion

By Valida Pau and Julia Hornstein · Jun 29, 2026 5:52pm PDT

AI video startup Higgsfield AI is in talks with investors to raise $300 million to $500 million at a valuation of $5 billion before the investment, according to two people with knowledge of the fundraising efforts. A valuation at that level would be more than four times its valuation in a funding round in January, signaling demand for startups... AI video startup Higgsfield AI is in talks with investors to raise $300 million to $500 million...

Andrew Jassy, left, and Dario Amodei. Photos via Getty Images

Amazon Could Pay More for Anthropic Technology Under New Deal

By Catherine Perloff · Jun 29, 2026 9:00am PDT

As Anthropic grows to become a leading AI model used by enterprises, it’s been flexing its power with customers—including one of its most important early backers, Amazon. Earlier this year, Anthropic renegotiated an aspect of its partnership with Amazon, making it more expensive for the cloud and e-commerce giant to use Anthropic models in... As Anthropic grows to become a leading AI model used by enterprises, it’s been flexing its power...

Virginia Senator Mark Warner. Photo by Al Drago/Bloomberg/Getty Images

Sen. Mark Warner to Unveil AI Agent Bill

By Leo Schwartz · Jun 29, 2026 6:30am PDT

Virginia Senator Mark Warner. Photo by Al Drago/Bloomberg/Getty Images

Sen. Mark Warner to Unveil AI Agent Bill

By Leo Schwartz · Jun 29, 2026 6:30am PDT

Lawmakers are racing to catch up to AI, with dozens of bills floating around Congress that address issues from deepfakes to model safety. On Monday, Sen. Mark Warner (D-Va.) plans to unveil a discussion draft that focuses on another area at the frontier of AI: agents. While chat interfaces like Claude and ChatGPT may have been the gateway to AI,... Lawmakers are racing to catch up to AI, with dozens of bills floating around Congress that...

Art by Clark Miller; Getty Images.

Internal Docs Show Meta Putting Limits on Claude and Codex, Fearing Distillation

By Jyoti Mann · Jun 29, 2026 6:00am PDT

As Meta Platforms tries to wean itself off expensive AI coding applications from Anthropic and OpenAI, it is confronting a difficult challenge: keeping employees from relying too much on those outside tools to build in-house replacements. Internal guidelines reviewed by The Information show Meta is drawing strict limits on how engineers in its ... As Meta Platforms tries to wean itself off expensive AI coding applications from Anthropic and...

Photo by Michael Nagle/Getty Images

Baidu’s Chip Unit Asked IPO Investors to Buy Its Semiconductors

By Qianer Liu · Jun 28, 2026 11:00am PDT

In China, chip companies may have found a new clientele for their semiconductors: IPO investors. Kunlunxin Technology, an AI chip firm majority owned by search engine company Baidu, is planning to go public in Hong Kong at a target valuation of $50 billion, according to a person who participated in a recent investor road show by the company and... In China, chip companies may have found a new clientele for their semiconductors: IPO investors....

Salesforce CEO Marc Benioff via Getty Images. Art by Clark Miller

Salesforce Employees Worry Over Anthropic’s Invasion of Slack

By Laura Bratton · Jun 27, 2026 7:01am PDT · 1 comment

When Anthropic on Tuesday launched a high-profile AI product for businesses that use Slack, some employees at Salesforce, which owns Slack, were confused. In social media posts, Salesforce promoted Anthropic’s new product, Claude Tag, which works as a kind of AI teammate that lives inside group Slack chats. It sees and remembers everything that’... When Anthropic on Tuesday launched a high-profile AI product for businesses that use Slack, some...

Art by Mike Sullivan

Anthropic’s Mythos Spooked DeepSeek, Prompting Its $7.4 Billion Fundraising

By Jing Yang, Qianer Liu and Juro Osawa · Jun 26, 2026 6:00am PDT · 8 comments

Art by Mike Sullivan

Anthropic’s Mythos Spooked DeepSeek, Prompting Its $7.4 Billion Fundraising

By Jing Yang, Qianer Liu and Juro Osawa · Jun 26, 2026 6:00am PDT · 8 comments

Up until two months ago, DeepSeek, the three-year-old Chinese AI lab, was an anomaly in the increasingly costly global AI battle. It had relied entirely on CEO Liang Wenfeng’s personal wealth and never raised outside money. That changed in the middle of this month, when DeepSeek completed a $7.4 billion fundraising that valued the startup at... Up until two months ago, DeepSeek, the three-year-old Chinese AI lab, was an anomaly in the...