SpaceX is negotiating to pay the banks working on its potentially record-breaking initial public offering a smaller than normal slice of the proceeds even by mega-IPO standards, Bloomberg reported on Tuesday. SpaceX is aiming to raise about $75 billion, more than any other IPO in history, The Information has previously reported . Banks generally charge fees of 4% to 7% of capital raised on

AI coding startup Cognition is revamping its app to help users manage coding agents from many providers, executives told The Information. Cognition is betting that being a neutral platform will strengthen its hand in the increasingly competitive market for AI coding tools.The change, to be ...

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 ...

SK Hynix plans to double its memory chip capacity within five years as AI demand keeps straining global supply, Bloomberg reported. The expansion can ease one of the biggest hardware constraints facing AI data centers. Chairman Chey Tae-won said in Taipei that the memory crunch could persist until 2030, according to Bloomberg. SK Hynix is stepping up investment to narrow the shortfall, though

Salesforce’s stake in frontier AI model provider Anthropic has reached a roughly $5 billion following multiple investments and Anthropic’s latest funding round, according to a person with direct knowledge of the matter. Bloomberg first reported the value of Salesforce’s stake in Anthropic on Monday. Salesforce stock rose nearly 10% the same day, narrowing its year-to-date loss to 21%.

Salesforce is acquiring Contentful, a provider of content management software for businesses, in the latest sign of its efforts to make its customer data more easily accessible to AI agents. Terms of the deal weren’t disclosed, but Salesforce paid between $1 billion and $1.5 billion for Contentful, which was founded in 2013, according to a person with direct knowledge of the figure. That’s a

How is running an AI firm like running for Congress? In either case, you have to spend half your time raising money! Take Google’s surprising announcement on Monday afternoon that it plans to raise a total of $80 billion in equity “as part of its plan to fund investments” in AI. That’s in ...

Google parent company Alphabet announced plans to sell new stock for the first time since 2005, aiming to raise $80 billion in equity to spend on AI infrastructure and compute. As part of the plans, announced Monday, Berkshire Hathaway has agreed to purchase $10 billion in stock at a discount to the current market price. Additionally, Google will raise $30 billion in underwritten public

Brian Landsman, a 14-year Salesforce executive vice president who leads its global partnerships and app store business, has joined OpenAI as vice president of global partnerships, he announced on LinkedIn. This is an important appointment for OpenAI, which has previously hired Chief Revenue Officer Denise Dresser and several other senior Salesforce executives as part of its push to court

Morning! Anissa here.OpenAI is open to the idea of publicly sharing software it’s been developing to make its AI run on chips from different providers, a senior executive said, a move that could weaken one of Nvidia’s biggest advantages.The revealing comments came from Sachin Katti, who leads ...

Anthropic on Monday said it filed a draft S-1 form to the U.S. Securities and Exchange Commission, a key step toward an initial public offering that Anthropic executives have discussed targeting for the fourth quarter. The company’s eventual IPO timing will depend on market conditions and other considerations. The filing follows Anthropic’s close last week of a $65 billion fundraise at a

Florida Attorney General James Uthmeier on Monday sued OpenAI and its chief executive Sam Altman, alleging 10 counts of negligence, liability, and other state law violations related to safety concerns over OpenAI’s consumer-facing tool ChatGPT. With the lawsuit, Florida became the first state to sue the AI company. The 83-page complaint alleges that ChatGPT has “aided and abetted” mass

SpaceX’s compute rental deal with Anthropic will run for a minimum of six months, according to an amended securities filing on Monday, providing an additional level detail that had not been included in the IPO filing the company made public in May. Anthropic’s agreement to pay SpaceX $1.25 billion per month to rent compute from its Memphis data centers will run for an “initial three-month

AI researchers are starting to make progress on a confounding problem: AI models are getting better at telling when they are in an evaluation.That could become a problem for AI companies that use evaluations to gauge the capabilities and behaviors of their models before releasing them. If models ...

Italian conglomerate Bending Spoons, which has acquired a string of aging U.S. internet businesses including AOL, Eventbrite, Evernote and Vimeo, filed to go public in the U.S. to give it the funds to pursue more acquisitions. The company’s IPO paperwork shows Bending Spoons’ revenue doubled to $1.3 billion in 2025, and also doubled in the first quarter of this year to $601 million, reflecting

Google has agreed to pay $920 million a month to purchase compute capacity from SpaceX, SpaceX said in a filing. The deal will run from October 2026 through June 2029, and Google will be able to access approximately 110,000 Nvidia GPUs, CPUs and related components, according to the filing. SpaceX has been renting out compute capacity—among the scarcest resources of the AI boom—to other AI

SpaceX plans to sell 555.6 million shares at an expected price of $135 each when it goes public, the company said in a securities filing on Wednesday. SpaceX is expecting to raise $75 billion, more than twice as much as any other IPO in history, at a valuation of $1.77 trillion. Setting an exact price per share at this stage is unusual. Companies usually set a range and gauge demand before

When Palo Alto Networks earlier this year began testing Anthropic’s Claude Mythos to comb through its own source code, it didn’t take long to see the future of cybersecurity. It also didn’t take long to see what that future would cost. The model found more than two dozen critical vulnerabilities ...

Chinese AI developer MiniMax on Monday launched a new large language model called M3, saying the new model’s coding capability approaches that of Anthropic’s Opus 4.7, which was released in April. The new MiniMax model is particularly suitable for coding and complex multi-step tasks for AI agents, according to the company. It can understand text, images and video in prompts. MiniMax’s M3 costs

Nvidia unveiled a new chip for personal computers alongside Microsoft on Monday, a major step into the PC chip market long led by Intel, Advanced Micro Devices and Apple. The new chip, called N1X, will power a new line of Windows computers starting this fall, Nvidia CEO Jensen Huang said during a keynote in Taipei. The N1X will sit inside Nvidia’s RTX Spark, a chip package that brings together