Polygon Labs, developer of the blockchain that underpins prediction market Polymarket and other crypto platforms, is in early talks with investors to raise as much as $100 million to build a new stablecoin payments business, according to people familiar with the talks. The funding discussions ...

Hello! Anissa here.Is Nvidia’s CUDA Vulnerable?Jeff Tatarchuk likes to poke the bear. The bear, in this case, is Nvidia. Tatarchuk has every incentive to challenge the chip company’s dominance. He runs startup TensorWave, which rents out AI chips from Nvidia rival Advanced Micro Devices.Last ...

Near the corner of Sixth and Market streets in downtown San Francisco, Frontier Tower has become a 15-story haven for the wildest and weirdest thinkers in technology. Floor 11 is full of longevity and health tech enthusiasts. The crypto folks are a floor above, with a lounge full of expensive ...

To a degree, Jay Edelson, the class-action litigator who has made himself a constant thorn in the side of Silicon Valley’s biggest companies, likes to present a laid-back image. No power suits and wing tips for him—he prefers hoodies and sneakers. His constant companion at his Chicago office is ...

Tether, the world’s biggest stablecoin issuer, is making a last-ditch effort to raise funds at a $500 billion valuation, pressing investors to commit to the deal within the next two weeks, according to people familiar with the matter. The company, which is based in El Salvador, has been ...

More than half of respondents to The Information’s latest monthly survey expect conditions for technology companies to worsen over the next six months, bringing our gauge of tech sentiment to its second most negative reading in at least three years. That sour outlook extended to many of the ...

Private credit has turned from a growth opportunity to a source of worry for investors that own shares in big asset managers. Anxieties about how the rise of AI could hurt software companies that have borrowed hundreds of billions have escalated the concerns about the sector that started brewing ...

Whether professional investors think SpaceX is the stock of a lifetime or a grossly overvalued Elon Musk conglomerate, they will be under intense pressure to buy into its initial public offering at a $1 trillion–plus valuation. The most important question for many of them will be: Can I really ...

The relentless decline in the crypto market is about to hit the six-month mark with no end in sight, prompting companies to cut staff and pivot to businesses such as stock trading and prediction markets. Bitcoin has lost half of its value since peaking early last October at $126,080, with other ...

Over five seasons, the fictional human beings in “For All Mankind,” Apple TV’s alt-history space race drama, have accomplished any number of feats: They’ve landed on the moon. And on Mars. They’ve put a woman in the White House—mainstreamed nuclear fusion, too. In another dramatic moment, a ...

Over much of the past year, David Holz, the 37-year-old founder of Midjourney, has devoted himself to a single task: reassuring fans of his AI image-making tool that a new, significant update—version 8—would indeed arrive soon. Initially, Holz said it might come at the end of 2025. That date ...

Blackstone is close to a deal to buy Rowan Digital Infrastructure, a major U.S. data center developer that builds campuses for large cloud providers, according to a person with direct knowledge of the deal. The terms of the deal couldn’t be learned, but the company would likely be valued at more ...

Please join The Information at the New York Stock Exchange on Monday, April 27, for The Information’s “Financing the AI Revolution” forum. Hear from top executives and investors on how the rapid build-out of AI is reshaping tech, finance and capital markets. Learn more here.There’s supply and ...

Vultr, one of the oldest independent cloud providers, is seeking to raise at least $1 billion in new capital so it can compete with a growing list of startups scrambling for cash to meet the surging demand for AI computing power. The company, which is backed by chipmaker Advanced Micro Devices, ...

Memo to software executives: Now is the time to radically reduce the amount of stock you give employees. That would win you some favor with investors, who’ve generally gone off your sector thanks to worries about the threat posed by AI. Even if those concerns are overblown, cutting costs in the ...

This year hasn’t lived up to the high expectations of the bankers and lawyers that advise tech companies on acquisitions. One major culprit is fear of AI-driven irrelevance, which has paralyzed corporate CEOs, according to some bankers and lawyers gathered in New Orleans for the annual Tulane ...

Around the time last fall that Vercel tripled its valuation to $9 billion, the startup decided to throw a swank dinner party. It was a chance for Malte Ubl, the company’s chief technology officer, to talk shop and discuss the fast-changing landscape with a dozen so other Silicon Valley ...

Just past the soybean farms in Pickaway County, Ohio, stands a flat-roofed building clad in blue and gray panels, with John Deere tractors near the entrance and hard hat–wearing construction workers busily laying pipes in the ground. The 866,000-square-foot factory isn’t much to behold—it looks ...

On a brisk, sunny San Francisco day last week, Asha Sharma, the new CEO of Microsoft’s $24 billion gaming business, had a very packed schedule. The videogame industry had gathered for the Game Developers Conference at the venerable Moscone Center downtown, and Sharma had meetings with the heads ...

Quarterly earnings could be going away. Will this result in more IPOs?One of the hallmarks of investing in public stocks is receiving quarterly updates from the companies. Those financial results and, even more so, forecasts can sink or lift stocks. Preparing them is such a time-suck for company ...