theinformation.com·publisher·75 items·last fetched —
Henry Siu / The Information: Samsung says it now aims to begin operations at its first chipmaking plant in South Korea's Yongin by 2029, bringing the timeline forward from 2030 or 2031 — Samsung Electronics aims…
Grace Kay / The Information: Sources: Cursor is building a general-purpose AI agent codenamed Sand, aimed at non-developers, that handles emails, texts, and documents to rival Claude Cowork — Cursor is developing…
Aaron Tilley / The Information: In its lawsuit, Apple chronicles in vivid detail how its former employees that went to work for OpenAI allegedly violated their confidentiality agreements — In the months ahead of…
Juro Osawa / The Information: Memo: MiniMax CEO Junjie Yan tells employees he will forgo his salary until MiniMax achieves AGI and promises to allocate personal shares to employee incentives — Junjie Yan, founder…
Aaron Tilley / The Information: PrismML says it ran a 27B-parameter Qwen 3.6 model on an iPhone 17 Pro, bigger than any prior on-device model; sources: Apple held talks with PrismML about it — Apple is on a quest…
Leo Schwartz / The Information: Internal US DOJ memo: attorneys working on digital currency cases should expect less cooperation from Binance, which is adding requirements for asset freezes — In early June, the…
The Information: Filings: Grubhub parent Wonder is raising hundreds of millions at a $9B valuation; source: founder Marc Lore indicated he'll contribute $200M to the round — Wonder, the owner of GrubHub and Blue…
Qianer Liu / The Information: Sources: China plans to let some of its biggest AI companies buy a small number of Nvidia's H200 chips to offset a domestic computing shortage in recent months — China plans to allow…
Juro Osawa / The Information: Sources: Chinese AI developer MiniMax is working on a 2.7T-parameter model, dubbed M3 Pro and set for release as early as Q3, and plans to open-source it — Chinese AI developer…
Phoebe Liu / The Information: Nvidia and AI chip startup d-Matrix are combining their hardware in a new system to power AI models, the latest example of Nvidia partnering with rivals — Nvidia has a plan to deal…
Grace Kay / The Information: Memo: SpaceXAI and Cursor plan to launch their first jointly developed AI model as soon as Wednesday, after pushing back the launch to improve model efficiency — SpaceXAI and Cursor…
Julia Hornstein / The Information: Source: Thrive Capital spinoff Thrive Holdings seeks to raise around $2B from SoftBank, Altimeter, D1, and others, after previously raising $1B — Some of the biggest backers of…
Julia Hornstein / The Information: Source: Mercor hit over $2B in gross revenue run rate in June, double its pace in April, and is profitable on a free cash flow basis — Mercor hit over $2 billion in gross…
Grace Kay / The Information: Tesla rolls out its Robotaxi service without a safety monitor in Miami, its fifth city, as it aims to expand to a dozen US states by the end of 2026 — Tesla said it rolled out its…
The Information: Sources: Alibaba has banned employees from using Claude Code and asked them to remove all Claude models from their work computers, citing security concerns — Alibaba Group has banned employees…
The Information: Sources: Anthropic's bankers have hired UK law firm Freshfields to advise on its IPO; it also advised on Google's acquisition of Wiz and ServiceNow's Armis deal — A British law firm has scored a…
Grace Kay / The Information: Internal memo: Tesla plans to impose a $200-per-week limit for staff's AI spending beginning July 6; the tally excludes beta versions of xAI products — Tesla told staff last month it…
The Information: Memo: Microsoft is merging the consumer and enterprise versions of its Copilot chatbots into a single app featuring coding tools and AI agents dubbed AutoPilot — Microsoft is merging its consumer…
Qianer Liu / The Information: Sources: Anthropic has initiated early-stage development of a custom AI server chip and held preliminary discussions with Samsung about manufacturing the chip — Anthropic has begun…
Phoebe Liu / The Information: Nvidia promises to financially backstop young cloud providers like Firmus that rent out its AI chips, in exchange for a revenue share through a new program — Nvidia is using its…
Juro Osawa / The Information: Anthropic says it is rolling back a covert Claude Code tracking feature to identify users based in China or affiliated with Chinese AI labs, after backlash — Anthropic is…
Stephanie Palazzolo / The Information: Source: OpenAI engineers earlier this month told some colleagues they had figured out a way to more than halve the cost of inference — We closely track efforts by Anthropic…
The Information: Sources: AI video startup Higgsfield is in talks to raise $300M to $500M at a $5B pre-money valuation, more than 4x its valuation in a January 2026 round — AI video startup Higgsfield AI is in…
Catherine Perloff / The Information: Sources: Amazon is weighing using OpenAI's and its own Nova models to cut costs after Anthropic raised prices for using its models in Amazon products — As Anthropic grows to…
Jyoti Mann / The Information: Internal documents: Meta is placing strict limits on how engineers in its applied AI division can use Claude Code and Codex, fearing inadvertent distillation — As Meta Platforms…
Qianer Liu / The Information: Sources: Baidu's chip unit Kunlunxin Technology plans a Hong Kong IPO at a $50B target valuation, asking investors to buy chips worth 3-7x their IPO investment — In China, chip…
Laura Bratton / The Information: Sources: Salesforce staff worry Anthropic's Claude Tag could cannibalize Slackbot and give the AI firm more leverage over the enterprise software industry — When Anthropic on…
Catherine Perloff / The Information: AWS hikes prices for Nvidia GPUs in its EC2 Capacity Blocks service, which let businesses rent AI compute in advance, by 20%; Trainium chip pricing is unchanged — Amazon Web…
The Information: Sources: DeepSeek's $7.4B raise was prompted by the release of Mythos as CEO Liang Wenfeng realized DeepSeek couldn't compete without a massive war chest — Up until two months ago, DeepSeek, the…
Ann Gehan / The Information: Source: Google is asking publishers that test new AI features in Google News to grant it broad rights to their content, including to potentially train AI models — Google is tightening…
The Information: Sources: Sam Altman told staff the US government asked OpenAI to stagger the release of GPT 5.6 over security concerns, approving “access customer by customer” — For AI companies on…
Erin Woo / The Information: Sources: Google expands the scope of its months-old AI coding strike team to “midtraining” to try to catch up with Anthropic, after major executive departures — Google is…
The Information: SambaNova Executive Chairman Lip-Bu Tan says the AI chip startup is set to raise $800M to $1B, sources say at a ~$10B valuation, up from $2B in February — AI server chips that effectively compete…
Stephanie Palazzolo / The Information: RunPod, which rents access to non-Nvidia servers, raised $100M led by Summit Partners at a $1B valuation, a source says up from $100M after its seed in 2024 — By some…
The Information: xLight, a startup developing advanced lasers for EUV machines, told investors that it is in talks to raise $350M led by Boardman Bay and Bain Capital — XLight, a startup developing advanced…
Juro Osawa / The Information: ByteDance unveils Seedance 2.5 in Beijing, saying the AI video model can generate 30-second clips from up to 50 reference materials, up from 12 for Seedance 2.0 — ByteDance on…
Eli Rosenberg / The Information: A profile of Sarah Polcz, the UC Davis law professor that Bernie Sanders' team consulted while developing his AI sovereign wealth fund proposal — A couple of weekends ago, Sarah…
Dakin Campbell / The Information: Source: Morgan Stanley is pitching data center developers to use leveraged loans rather than bonds, and estimates ~$15B will be issued this year in such loans — Morgan Stanley…
Erin Woo / The Information: Docs: OpenAI burned through $3.7B in Q1, on revenue of $5.7B, and ended the quarter with $73B+ in cash and marketable securities vs. $40B at the end of December — OpenAI burned through…
Yueqi Yang / The Information: Sources: Kalshi is generating $2B+ in annualized revenue, up about three times from November, and has held informal talks with banks about an eventual IPO — Prediction market Kalshi…
The Information: Sources: the early Chinese backers of Manus, including HSG, ZhenFund, and Tencent, plan to buy the AI startup back from Meta at the $2B price Meta paid — The early Chinese backers of AI firm…
The Information: Noam Shazeer leaves Google to join OpenAI as lead for architecture research; he rejoined Google as a Gemini co-lead in 2024 during the $2.7B Character.AI deal — Noam Shazeer, the Google DeepMind…
The Information: OpenAI's CSO Jason Kwon messaged staff that the company “strongly” told the US government that building AI “requires the best talent from around the world” — The U.S…
The Information: Sources: a new AI lab founded by Junyang Lin, former lead of Alibaba's Qwen models, has raised several hundred million dollars at a ~$2B post-money valuation — Tencent Holdings has backed a new…
The Information: Sources: DeepSeek closed a $7.4B round at a $50B valuation under an unusual structure requiring investors to put capital into an LP run by CEO Liang Wenfeng — Chinese AI lab DeepSeek has closed…
Leo Schwartz / The Information: Anthropic says its senior leaders met Trump admin officials on June 15, but no resolution was reached and both sides are working to resolve things quickly — Anthropic senior…
The Information: Source: Qualcomm is in talks to buy AI chip designer Tenstorrent for $8B to $10B; Tenstorrent discussed raising $800M at a ~$3.2B valuation last year — Qualcomm has been in talks to buy…
Leo Schwartz / The Information: Source: the White House is unlikely to extend export restrictions to other AI companies — The White House is unlikely to extend export restrictions on Anthropic's advanced models…
The Information: Sources: Amazon CEO Andy Jassy is among tech leaders who raised concerns with Trump officials about Mythos 5, setting in motion new export restrictions — Amazon CEO Andy Jassy was among the tech…
Jyoti Mann / The Information: Staff memo: Meta plans to limit employee token usage and encourage employees to use MetaCode, after internal AI spending forecasts reached billions for 2026 — Meta Platforms plans to…