The Information

Spark General Partner Yasmin Razavi. Art by Clark Miller; Screenshot via Youtube

Anthropic Backer Spark Capital Targets $3 Billion in New Funds

By Katie Roof and Anissa Gardizy · Mar 9, 2026 7:02pm PDT · 3 comments

Spark Capital, the first venture firm to back Anthropic, is in the process of raising about $3 billion in new funds, 50% more than the size of funds it raised two years ago, according to a person with direct knowledge of the fundraise. The fundraising target will test investor demand in a venture firm that made early bets on one of the initial... Spark Capital, the first venture firm to back Anthropic, is in the process of raising about $3...

Bloomberg via Getty Images

Quince in Talks to Double Valuation to More Than $10 Billion

By Katie Roof and Ann Gehan · Mar 5, 2026 7:02pm PST

Online retailer Quince is in talks with investors to raise a funding round that would value the company at above $10 billion after the investment, according to a person with knowledge of the plans. If the talks are successful, the buzzy online brand would more than double its valuation from its last funding round. The fundraise follows continued... Online retailer Quince is in talks with investors to raise a funding round that would value the...

Vipul Ved Prakash, CEO of Together AI. Photo by Getty Images

Nvidia Cloud Ally Together AI in Talks to Raise at $7.5 Billion Valuation

By Valida Pau, Stephanie Palazzolo and Anissa Gardizy · Mar 5, 2026 1:57pm PST

Together AI, one of several up-and-coming cloud providers renting out Nvidia chip servers to AI developers, is in talks with investors to raise around $1 billion in funding at a $7.5 billion valuation before the investment, according to two people with knowledge of the fundraise. The funding would more than double its valuation from a year ago... Together AI, one of several up-and-coming cloud providers renting out Nvidia chip servers to AI...

Brian Schimpf, CEO of Anduril. Photo by Kyle Grillot/ Getty Images

Anduril Forecasts More Than $4 Billion in Sales, $1 Billion in Losses

By Cory Weinberg · Mar 5, 2026 10:08am PST · 1 comment

Brian Schimpf, CEO of Anduril. Photo by Kyle Grillot/ Getty Images

Anduril Forecasts More Than $4 Billion in Sales, $1 Billion in Losses

By Cory Weinberg · Mar 5, 2026 10:08am PST · 1 comment

Weapons maker Anduril expects to roughly double revenue this year to about $4.3 billion, while its operating loss would rise by nearly half to $1.2 billion, according to confidential financial figures shared with prospective investors. The privately held company is raising $4 billion, valuing it at about $60 billion, in a deal led by existing... Weapons maker Anduril expects to roughly double revenue this year to about $4.3 billion, while...

Art by Clark Miller

Demand from Alibaba and Other Giants Boosts China’s Homegrown Memory Suppliers

By Qianer Liu · Mar 5, 2026 6:00am PST

Chinese tech heavyweights including Alibaba Group, ByteDance and Tencent Holdings are turning to domestic chipmakers to ease the pain from a deepening global shortage of memory chips, according to four people with direct knowledge of the matter. The three companies are in talks to buy more standard memory chips—known as DRAM, or dynamic... Chinese tech heavyweights including Alibaba Group, ByteDance and Tencent Holdings are turning to...

OpenAI CFO Sarah Friar. Photo by Getty.

OpenAI Tops $25 Billion in Annualized Revenue as Anthropic Narrows Gap

By Sri Muppidi · Mar 4, 2026 7:30pm PST · 3 comments

OpenAI topped $25 billion in annualized revenue as of last month, according to a person familiar with the figure. That’s a 17% increase from the $21.4 billion in annualized revenue the company was generating at the end of the year, according to the person and a second person with knowledge of the figures. OpenAI is still generating more revenue... OpenAI topped $25 billion in annualized revenue as of last month, according to a person familiar...

Art by Clark Miller.

OpenAI Selects Law Firms Cooley, Wachtell for IPO Prep

By Valida Pau and Sri Muppidi · Mar 4, 2026 5:48pm PST

OpenAI has picked two law firms, Cooley and Wachtell Lipton Rosen & Katz, to prepare for an initial public offering that could come as soon as this year, according to people familiar with the matter. Selecting lawyers to prepare for a listing is one of the first concrete steps the ChatGPT maker has made towards a public listing and usually... OpenAI has picked two law firms, Cooley and Wachtell Lipton Rosen & Katz, to prepare for an...

Art by Mike Sullivan.

OpenAI Scales Back Shopping Plans for ChatGPT

By Ann Gehan and Sri Muppidi · Mar 4, 2026 5:20pm PST · 1 comment

Art by Mike Sullivan.

OpenAI Scales Back Shopping Plans for ChatGPT

By Ann Gehan and Sri Muppidi · Mar 4, 2026 5:20pm PST · 1 comment

OpenAI is scaling back its plan to introduce shopping directly inside ChatGPT, marking a change in its high-profile effort to put checkouts inside the chatbot. Instead of allowing users to make purchases directly from product listings that show up in ChatGPT search results, the company is now focused on having checkouts take place inside of... OpenAI is scaling back its plan to introduce shopping directly inside ChatGPT, marking a change...

Art by Clark Miller.

OpenAI Held Early Talks With The Trade Desk to Sell Ads

By Sri Muppidi and Catherine Perloff · Mar 4, 2026 2:44pm PST

OpenAI has held early talks to partner with The Trade Desk, a publicly traded ad tech company, to help the ChatGPT maker sell ads, according to three people with knowledge of the matter. The talks indicate that OpenAI, which launched ads in ChatGPT in early February, will initially lean on external partners to help it sell ads and quickly ramp... OpenAI has held early talks to partner with The Trade Desk, a publicly traded ad tech company, to...

Anthropic CEO Dario Amodei. Photo by Samyukta Lakshmi/Getty Images

Read Anthropic CEO’s Memo Attacking OpenAI’s ‘Mendacious’ Pentagon Announcement

By Stephanie Palazzolo · Mar 4, 2026 1:08pm PST · 20 comments

Anthropic CEO Dario Amodei sent a 1,600-word memo to employees Friday as OpenAI announced a deal to provide AI to the Pentagon. The OpenAI move came hours after the Pentagon said it would sever ties with Anthropic over the company’s safety requirements. In the strongly worded memo, Amodei heavily criticized OpenAI’s actions and the initial... Anthropic CEO Dario Amodei sent a 1,600-word memo to employees Friday as OpenAI announced a...

Anthropic CEO Dario Amodei. Photo by Ludovic Marin/ Getty Images

Anthropic CEO: Trump Disliked Company For Not Giving ‘Dictator-Style Praise’

By Stephanie Palazzolo, Erin Woo, Sri Muppidi and Amir Efrati · Mar 4, 2026 11:21am PST · 7 comments

Anthropic CEO Dario Amodei on Friday told employees that a deal OpenAI and its CEO Sam Altman struck to provide AI to the Department of Defense was “safety theater,” adding that the Trump Administration didn’t like Anthropic in part because the company hadn’t “given dictator-style praise to Trump.” Amodei made the comments in a 1,600-word... Anthropic CEO Dario Amodei on Friday told employees that a deal OpenAI and its CEO Sam Altman...

Image via Mike Sullivan

OpenAI Is Developing an Internal Alternative to Microsoft’s GitHub

By Stephanie Palazzolo and Aaron Holmes · Mar 3, 2026 2:41pm PST · 3 comments

Image via Mike Sullivan

OpenAI Is Developing an Internal Alternative to Microsoft’s GitHub

By Stephanie Palazzolo and Aaron Holmes · Mar 3, 2026 2:41pm PST · 3 comments

OpenAI is developing an alternative to GitHub, Microsoft’s popular code repository that lets software engineers store, share and collaborate on computer code, according to a person with knowledge of the project. The decision to embark on the new product came after OpenAI engineers, like other GitHub customers, experienced an increase in outages... OpenAI is developing an alternative to GitHub, Microsoft’s popular code repository that lets...

Anthropic CEO Dario Amodei and Palantir CEO Alex Karp. Photos via AP and Getty.

Anthropic-Palantir Partnership at Risk After Pentagon Decision

By Aaron Holmes, Sri Muppidi, Rocket Drew and Julia Hornstein · Mar 3, 2026 12:32pm PST · 1 comment

For over a year, Anthropic has served the U.S. government through Palantir Technologies, an enterprise software firm known for working with the Pentagon and other federal agencies. Palantir’s customers have used Anthropic models to help them identify patterns across large volumes of classified data so they can make decisions. But the Defense... For over a year, Anthropic has served the U.S. government through Palantir Technologies, an...

Art by Mike Sullivan.

Amazon Explores Helping Other Apps Sell Chatbot Ads

By Catherine Perloff · Mar 3, 2026 6:00am PST

Amazon is exploring offering technology to help other apps and sites sell ads in AI chatbots, according to two people who have talked to the company about its plans. Such an offering could potentially buttress its $68.6 billion ads business as people increasingly use AI chats to search for information. In recent months, Amazon Publisher... Amazon is exploring offering technology to help other apps and sites sell ads in AI chatbots,...

Art by Mike Sullivan

Apple Discusses Google Hosting New Siri as Need for Cloud Help Grows

By Aaron Tilley and Wayne Ma · Mar 2, 2026 6:00am PST

In January, when Apple announced an agreement to use Google’s Gemini models in Apple products, it was an admission that the iPhone maker hasn’t been able to compete in AI on its own over the past couple years. But the deal also showed that Apple is again relying on an outside company to help it with another deficiency: in cloud computing. Now... In January, when Apple announced an agreement to use Google’s Gemini models in Apple products, it...

From left: Meta CEO Mark Zuckerberg, Nvidia CEO Jensen Huang, Google CEO Sundar Pichai via Getty

Google Strikes Multibillion-Dollar AI Chip Deal With Meta, Sharpening Nvidia Rivalry

By Amir Efrati and Anissa Gardizy · Feb 26, 2026 3:14pm PST

From left: Meta CEO Mark Zuckerberg, Nvidia CEO Jensen Huang, Google CEO Sundar Pichai via Getty

Google Strikes Multibillion-Dollar AI Chip Deal With Meta, Sharpening Nvidia Rivalry

By Amir Efrati and Anissa Gardizy · Feb 26, 2026 3:14pm PST

Meta Platforms has signed a deal to rent Google’s AI chips, known as tensor processing units, to develop new AI models, according to a person involved in the talks. The multi-year deal is worth billions of dollars, said a person who was briefed about it. Meta has also been talking to Google about buying TPUs for its data centers as... Meta Platforms has signed a deal to rent Google’s AI chips, known as tensor processing...

Meta’s Internal Chip Design Efforts Hit Roadblocks

By Jyoti Mann, Wayne Ma and Qianer Liu · Feb 26, 2026 12:59pm PST

As Meta Platforms strikes new chip supply deals with AMD and Nvidia, it has been running into problems with AI chips it is designing internally, according to six people with direct knowledge of the matter. Meta last week scrapped the most advanced chip it was developing for training AI models, after struggling with the chip’s design, and shifted... As Meta Platforms strikes new chip supply deals with AMD and Nvidia, it has been running into...

Art by Clark Miller; Getty Images.

Amazon’s $50 Billion Investment in OpenAI Could Hinge on IPO, AGI

By Sri Muppidi, Anissa Gardizy and Aaron Holmes · Feb 25, 2026 5:51pm PST · 4 comments

Amazon’s decision to invest up to $50 billion in OpenAI could hang on whether OpenAI goes public or reaches a loosely defined milestone known as artificial general intelligence, which generally refers to AI that is on par with human abilities, according to three people involved who have communicated with OpenAI executives. Under the terms of the... Amazon’s decision to invest up to $50 billion in OpenAI could hang on whether OpenAI goes public...

Photo courtesy of Saronic.

Autonomous Warship Startup Saronic Raising at $7.5 Billion Valuation

By Cory Weinberg and Katie Roof · Feb 25, 2026 12:52pm PST · 2 comments

Saronic, a startup that builds autonomous warships, is raising as much as $1.5 billion in a financing that would value the company at about $7.5 billion, before including the investment, two people with direct knowledge of the matter said. Kleiner Perkins, the storied venture capital firm that has done few defense tech deals until now, has... Saronic, a startup that builds autonomous warships, is raising as much as $1.5 billion in a...

Art by Mike Sullivan

Anthropic Research Memo Shows Focus on Rogue Agents, Scheming Models

By Rocket Drew · Feb 24, 2026 10:28am PST

Art by Mike Sullivan

Anthropic Research Memo Shows Focus on Rogue Agents, Scheming Models

By Rocket Drew · Feb 24, 2026 10:28am PST

Puncturing the buzz over AI agents such as Anthropic’s Claude Code and the open-source project OpenClaw is the prospect that these agents could get tricked into revealing sensitive information such as a person’s banking information. In a sign of those concerns, Anthropic earlier this year singled out rogue agents as a topic of focus for its... Puncturing the buzz over AI agents such as Anthropic’s Claude Code and the open-source project...