Tag: information reports
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SpaceXAI plans to launch new model with Cursor as soon as Wednesday, The Information reports
July 7 : SpaceXAI and Cursor plan to launch their first jointly developed AI model as soon as Wednesday, The Information reported, citing a memo sent to staff.The companies pushed back plans to launch the new model earlier this week in order to improve its efficiency, according to the report published on Tue
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Manus original investors plan to buy back AI firm from Meta for $2 billion, The Information reports
June 18 : The early Chinese backers of AI startup Manus are planning to buy the company back from Meta at the $2 billion price that the Facebook parent paid, The Information reported on Thursday, citing two people with direct knowledge of the matter.The move is in response to a Chinese government order that t
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OpenAI burned $3.7 billion in first quarter of 2026, The Information reports
June 16 : OpenAI burned through $3.7 billion in the first quarter of 2026, more than half its $5.7 billion in revenue, The Information reported on Tuesday, citing documents the company shared with shareholders.Reuters could not immediately verify the report.Earlier this month, OpenAI said it had confid
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Qualcomm in talks to buy Tenstorrent, The Information reports
June 15 : Qualcomm is in talks to acquire AI chip startup Tenstorrent for $8 billion to $10 billion, The Information reported on Monday citing a person with knowledge of the deal.Shares of Qualcomm fell about 1 per cent in extended trading.The talks were ongoing and the price could change, or the discu
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Microsoft has considered spinning off Xbox, the Information reports
June 12 : Microsoft is considering options for its Xbox gaming unit, including a potential spinoff or restructuring as a wholly owned subsidiary, the Information reported on Friday, citing three people with direct knowledge of the discussions.The Windows maker is also weighing options such as creating a joint
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Google in talks with Samsung to make part of next-gen chip, The Information reports
June 11 : Alphabet’s Google is in talks with Samsung Electronics to manufacture part of its next-generation artificial intelligence processor, The Information reported on Thursday, citing two people familiar with the matter.Google plans for TSMC to make the main computing part of the tensor processing unit, c
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Google in talks with Samsung to make next-generation chips, The Information reports
June 11 : Alphabet’s Google is in talks with Samsung Electronics to manufacture part of its next-generation tensor processing unit, codenamed “Icefish,” The Information reported on Thursday, citing two people familiar with the matter.Reuters could not independently verify the report.
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OpenAI expects to go public ‘within the next year,’ the Information reports
June 10 : OpenAI CEO Sam Altman told staff in a message earlier this week that he expected the AI startup to go public “within the next year,” The Information reported on Wednesday.The ChatGPT maker said on Monday it had confidentially filed for a U.S. initial public offering recently, joining rival Anthropic
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OpenAI weighs leasing Ohio data center with Nvidia backing, The Information reports
June 9 : OpenAI is in negotiations to lease a proposed 10-gigawatt data center campus on federal land in Ohio, in a deal that could include financial backing from Nvidia, The Information reported on Tuesday, citing two people with direct knowledge of the discussions.Reuters could not immediately verify the re
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Databricks in talks to raise funds at over $165 billion, The Information reports
June 8 : Data analytics software firm Databricks has discussed raising funds in a round that could begin next month and value it at between $165 billion and $175 billion, The Information reported on Monday, citing sources.Here are a few details: • Databricks, one of the most valuable privately held c
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