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Google Turns to Samsung for Future AI Chip as Capacity Tightens

By Qianer Liu · Jun 11, 2026 6:00am PDT · 1 comment

Google is considering giving Samsung Electronics a crucial role in making a component of one of its most advanced future AI chips, as the ongoing manufacturing capacity crunch pushes chip firms to look for suppliers beyond Taiwan Semiconductor Manufacturing Co. The U.S. tech giant is in talks with Samsung to manufacture part of a next-generation... Google is considering giving Samsung Electronics a crucial role in making a component of one of...

From left to right: Jensen Huang, Sam Altman and Masayoshi Son. Photos via Getty Images.

OpenAI in Talks to Lease 10 Gigawatt Ohio Data Center with Backing From Nvidia

By Anissa Gardizy · Jun 9, 2026 7:07pm PDT · 2 comments

OpenAI is in advanced negotiations to lease a proposed 10 gigawatt data center campus on federal land in Ohio as part of a deal that could include financial backing from Nvidia, according to two people with direct knowledge of the discussions. The campus under discussion would be among the biggest of its kind, with a total cost of at least $500... OpenAI is in advanced negotiations to lease a proposed 10 gigawatt data center campus on federal...

Ali Ghodsi, co-founder and chief executive officer of Databricks. Photo by David Paul Morris/Getty Images

Databricks in Talks for Valuation of at Least $165 Billion

By Katie Roof and Cory Weinberg · Jun 8, 2026 5:27pm PDT

Databricks, a provider of database management software, has discussed raising more money in a funding round that could kick off within the next month, according to multiple people with direct knowledge of the conversations. Databricks has indicated to investors the new round could lift its valuation to between $165 billion and $175 billion. That... Databricks, a provider of database management software, has discussed raising more money in a...

Art by Mike Sullivan.

Goldman, JPMorgan Explore Trading Compute Futures as AI Financing Hedge

By Yueqi Yang and Dakin Campbell · Jun 8, 2026 7:30am PDT

Art by Mike Sullivan.

Goldman, JPMorgan Explore Trading Compute Futures as AI Financing Hedge

By Yueqi Yang and Dakin Campbell · Jun 8, 2026 7:30am PDT

Goldman Sachs and JPMorgan are exploring ways to trade on the cost of computing power, according to people familiar with the matter. That includes trading futures contracts tied to rental prices for graphics processing units, among the scarcest resources of the AI boom, which exchanges plan to list later this year. The discussions show how the... Goldman Sachs and JPMorgan are exploring ways to trade on the cost of computing power, according...

Nikolay Storonsky, chief executive officer of Revolut Ltd. Art by Clark Miller; Getty Images.

Revolut Targets at Least $750 Million Share Sale Amid Strong Demand

By Katie Roof · Jun 7, 2026 12:07pm PDT

Revolut, a London-based financial app, is aiming to sell at least $750 million worth of shares in a secondary sale set to kick off next week, with the total potentially pushing far higher amid early signs of strong investor demand, according to a person with knowledge of the discussions. There is already enough investment interest to increase... Revolut, a London-based financial app, is aiming to sell at least $750 million worth of shares in...

Sriram Krishnan. Photo by Al Drago/Getty Images

White House AI Policy Advisor Sriram Krishnan to Leave Position

By Leo Schwartz · Jun 6, 2026 9:22am PDT

Sriram Krishnan, a top AI policy advisor in the Trump administration, plans to leave his position at the end of June, according to a person with direct knowledge of the move and a statement viewed by The Information. Krishnan has discussed starting a policy institution following his time in the White House, according to two people familiar with... Sriram Krishnan, a top AI policy advisor in the Trump administration, plans to leave his position...

Art By Clark Miller.

How xAI Went From Chasing Anthropic to Powering It

By Grace Kay · Jun 5, 2026 6:00am PDT · 4 comments

SpaceX’s AI lab has had a chaotic year so far, churning through leaders and staff before bringing in outside help in an effort to catch up to Anthropic in coding. What isn’t widely known, however, is that xAI has played a long-running cat-and-mouse game with Anthropic as it has sought to tap into that lab’s technology to develop its own... SpaceX’s AI lab has had a chaotic year so far, churning through leaders and staff before bringing...

Rob Roy, founder and chief executive officer of Switch Inc. Photo by Michael Nagle/Getty Images.

Data Center Developer Switch in Talks to Raise Billions at $50 Billion-Plus Valuation

By Anissa Gardizy and Valida Pau · Jun 4, 2026 8:31pm PDT

Rob Roy, founder and chief executive officer of Switch Inc. Photo by Michael Nagle/Getty Images.

Data Center Developer Switch in Talks to Raise Billions at $50 Billion-Plus Valuation

By Anissa Gardizy and Valida Pau · Jun 4, 2026 8:31pm PDT

Data center developer Switch is in talks to raise billions of dollars at a valuation of at least $50 billion, as it seeks to capitalize on soaring demand for the infrastructure needed to support artificial intelligence, according to people with knowledge of the deal. Brookfield Asset Management, KKR and other private equity and institutional... Data center developer Switch is in talks to raise billions of dollars at a valuation of at least...

A SpaceX Falcon 9 reusable rocket booster on display outside the SpaceX facilities in Hawthorne, Calif. Ethan Swope/Bloomberg via Getty Images.

Wall Street Expects SpaceX to Burn $350 Billion of Cash Through 2030

By Cory Weinberg · Jun 4, 2026 10:41am PDT · 1 comment

SpaceX, planning the largest initial public offering of all time next week, will already need to raise more cash by next year if private forecasts from analysts at Goldman Sachs come to fruition. SpaceX’s lead bank on the IPO, in aggressive forecasts shared with prospective investors this week, expects the company to burn $120 billion this year... SpaceX, planning the largest initial public offering of all time next week, will already need to...

Helion’s 7th generation fusion generator, Polaris. Photo courtesy of Helion Energy

Fusion Startup Helion Nearly Triples Valuation to $15.5 Billion in Thrive-led Round

By Nick Wingfield · Jun 4, 2026 6:00am PDT · 1 comment

Helion Energy, a nuclear fusion startup backed by OpenAI’s Sam Altman, still has to prove it can produce electricity to serve data centers and other customers. But investors seem confident it can deliver. The Everett, Wash.–based company said it has raised $465 million in a funding round led by Thrive Capital, the investment firm founded... Helion Energy, a nuclear fusion startup backed by OpenAI’s Sam Altman, still has to prove it can...

Art by Clark Miller; YouTube.

Meta Looks to Charge Up to $200 a Month for Planned ‘Hatch’ AI Agent

By Jyoti Mann · Jun 3, 2026 3:01pm PDT · 2 comments

Meta Platforms is considering charging up to $200 a month for its planned consumer version of the OpenClaw AI agent tool, according to internal documents, an ambitious target that would rival top tier offerings from established AI giants. The product, currently called Hatch, could launch with tiered pricing including the $199.99 premium... Meta Platforms is considering charging up to $200 a month for its planned consumer version...

Vanja Josifovski, CEO of Kumo.AI. Art by Clark Miller, YouTube.

Nvidia Buys Enterprise Model-Maker Kumo AI for at Least $400 Million

By Valida Pau and Phoebe Liu · Jun 3, 2026 2:47pm PDT

Vanja Josifovski, CEO of Kumo.AI. Art by Clark Miller, YouTube.

Nvidia Buys Enterprise Model-Maker Kumo AI for at Least $400 Million

By Valida Pau and Phoebe Liu · Jun 3, 2026 2:47pm PDT

Nvidia has bought Kumo AI, a five-year-old startup that sells predictive AI software to enterprises, for more than $400 million, said a person with knowledge of the deal. The acquisition, first revealed by an Nvidia executive in a LinkedIn post on Tuesday, should expand Nvidia’s roster of AI models that can be optimized for Nvidia hardware and... Nvidia has bought Kumo AI, a five-year-old startup that sells predictive AI software to...

Sam Altman via Getty Images

Inside OpenAI’s Decision to Combine Codex and ChatGPT

By Stephanie Palazzolo · Jun 2, 2026 1:45pm PDT · 5 comments

Early last year, after Anthropic released a preview of its coding tool, Claude Code, OpenAI realized it had allowed the then-smaller AI rival to surpass it in coding. Around that time, OpenAI threw resources behind a new dedicated team that would focus specifically on developing AI tools for coding. Nearly 18 months later, OpenAI... Early last year, after Anthropic released a preview of its coding tool, Claude Code, OpenAI...

Art by Clark Miller; Getty Images.

Meta Adds Limits to Employee Tracking Tool After Staff Backlash

By Jyoti Mann · Jun 2, 2026 12:31pm PDT

Meta Platforms is scaling back elements of its employee tracking tool after staff raised concerns about the tool, according to an internal memo reviewed by The Information. A Meta executive told employees in the memo that the company is updating its Model Capability Initiative, or MCI, launched in April to help train its AI models, by... Meta Platforms is scaling back elements of its employee tracking tool after staff raised concerns...

Art by Clark Miller.

Amazon’s Media Empire Quietly Taps Outside Ad Sales Help

By Catherine Perloff · Jun 2, 2026 6:00am PDT

Amazon has been pitching its advertising business as an “everything store” for media—where brands can buy ads that run on everything from Thursday Night Football and streaming site Twitch to media it does not own, like Netflix and Spotify. Despite that united front, behind the scenes the company has been relying on an increasing number of... Amazon has been pitching its advertising business as an “everything store” for media—where...

Art by Clark Miller; Getty Images.

Meta Memo Outlines Ambitious Hardware Plans, Including New AI Pendant

By Jyoti Mann · May 29, 2026 4:38pm PDT

Art by Clark Miller; Getty Images.

Meta Memo Outlines Ambitious Hardware Plans, Including New AI Pendant

By Jyoti Mann · May 29, 2026 4:38pm PDT

Meta Platforms plans to start testing an AI pendant in the next year as part of an ambitious roadmap for wearable devices aimed at reversing the huge losses in its hardware division. An internal memo describing the roadmap, reviewed by The Information, also lays out plans to significantly expand its selection of AI glasses and to add a... Meta Platforms plans to start testing an AI pendant in the next year as part of an ambitious...

Art by Getty Images

China’s ByteDance Developing New AI Chips Like Those from Nvidia Partner Groq

By Qianer Liu and Juro Osawa · May 29, 2026 6:00am PDT · 1 comment

TikTok owner ByteDance is developing a new chip to run artificial intelligence models as part of an aggressive expansion of its homegrown AI infrastructure. The new AI chip is intended to have a structure similar to U.S. chip designer Groq’s language processing units, which are built to run AI models at low cost, according to three people with... TikTok owner ByteDance is developing a new chip to run artificial intelligence models as part of...

Zach Dell, CEO of Base Power. Screenshot via YouTube.

Base Power in Talks to Raise Funds at $12 Billion Valuation

By Leo Schwartz, Anissa Gardizy and Julia Hornstein · May 28, 2026 6:39pm PDT

Base Power, a three-year-old home-battery startup, is in talks to raise funds at a $12 billion valuation, according to a person with knowledge of the discussions. Ribbit Capital, which backed Base Power’s last funding round, has been in talks to lead the current round, according to two people with knowledge of the talks. Founded by Venezuelan... Base Power, a three-year-old home-battery startup, is in talks to raise funds at a $12 billion...

Art by Mike Sullivan

Apple to Renew Push for AI That Runs on Devices, Instead of the Cloud

By Aaron Tilley · May 28, 2026 6:00am PDT · 2 comments

At Apple’s annual developer conference next month, the star of the show will be a series of long-delayed artificial intelligence upgrades to the iPhone. But the company is also expected to emphasize what could be an underrated asset in its efforts to catch up in AI: Its ability to run AI models on the billions of Apple devices in circulation. ... At Apple’s annual developer conference next month, the star of the show will be a series of...

Venture capitalist Ethan Choi.

Khosla Partner Ethan Choi Raising $500 Million Fund

By Katie Roof · May 27, 2026 3:29pm PDT

Venture capitalist Ethan Choi.

Khosla Partner Ethan Choi Raising $500 Million Fund

By Katie Roof · May 27, 2026 3:29pm PDT

Khosla Ventures partner Ethan Choi, who focused on investing in mature startups such as Vercel, has left the early-stage firm and is launching a new venture firm. The firm, called Atomus, is in the process of raising a new venture fund of at least $500 million, according to a person familiar with Choi’s plans. About half of the fund has already... Khosla Ventures partner Ethan Choi, who focused on investing in mature startups such as Vercel,...