OpenAI Signs Additional $6.5 Billion Contract With CoreWeave
The expanded contract adds to OpenAI’s spending commitments as it tries to secure computing power to train new models and serve its growing customer base.
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Amazon Reaches $2.5 Billion Settlement In FTC Consumer Protection Lawsuit
Amazon will have to make it easier to cancel Prime subscriptions and offer refunds to consumers.
xAI Sues OpenAI For Allegedly Stealing Trade Secrets
The lawsuit, filed late Wednesday, alleges that OpenAI poached eight xAI employees as part of a “deliberate scheme” to steal confidential information.
Oracle Raises $18 Billion in Upsized Debt Offering
Oracle had more than $150 billion in current and long-term liabilities at the end of August, according to securities filings.
Intel Said to Seek Investment From Apple
A potential deal could follow Nvidia and Softbank's investment, as part of the struggling chipmaker’s efforts to shore up its business.
Google Judge Raises Future of Open Web As She Weighs Ad Tech Divestiture
The future of independent web sites is increasingly in the spotlight, as many complain that traffic from Google search has declined.
Alibaba Shares Surge after Slew of AI Related Announcements
The Chinese tech giant announced a trillion-parameter model and inclusion of Nvidia’s software stack in its cloud platform.
Data Center Site Developer Fermi Targets $13 billion Valuation in IPO
A $13 billion valuation would be a rich price tag for a site developer with Fermi’s limited track record.
Exclusive: DataBank Gets Moody’s Rating in $1.1 Billion Data Center Deal
The financing is more evidence that major credit rating agencies are getting comfortable evaluating data center deals.
Nvidia In Talks to Lease Chips to OpenAI as Startup’s Server Spending Plan Rises to $1 Trillion
OpenAI's deals imply it aims to spend around $1 trillion to fund its AI ambitions over the next decade.
U.S. to Propose Rules Banning Chinese Vehicle Software
The U.S. Commerce Department is set to propose rules banning Chinese software and hardware in autonomous and connected vehicles.
Insight Partners Raises $10 Billion for Latest Fund
Insight Partners has $10 billion in commitments from its investors for its latest fund to back private tech startups.
Sony Moves to Acquire Game Studio Bungie for $3.6 Billion
The studio, once owned by Microsoft, is known for creating the influential gaming franchises Halo and Destiny.
Spotify CEO Apologizes to Staff as Joe Rogan Controversy Widens
Spotify CEO Daniel Ek apologized to staff after racist comments made by podcast host Joe Rogan were posted on social media.
SEC Rejects Coinbase Petition for New Crypto Crypt
The Securities and Exchange Commission Friday denied a petition by crypto exchange Coinbase to write new rules for digital assets.
Weekday Mornings
The Information AM by Myk Klemme
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