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Exclusive: Legal AI startup Harvey is in talks to raise at least $500 million at a $15.5 billion valuation including the investment, a 40% premium to its last valuation five months ago.
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ByteDance founder Zhang Yiming told employees the company won't use AI distillation to catch rivals, even if it means falling behind in the short term.
The concern: avoiding fresh scrutiny from Washington that could threaten TikTok.
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Google DeepMind’s strategy chief says recursive self-improvement is central to the AI industry’s spending thesis. Without it, today’s revenue may not justify Google’s roughly $200 billion in annual capex.
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The iPhone maker has accused OpenAI and former Apple employees of deliberately stealing Apple trade secrets. But there’s also a long history of Apple alumni accidentally taking confidential material with them.
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Banning Chinese open source models in the US is a bad idea, according to @Cisco’s President @jpatel41.
“If you banned Chinese open source in the US, then what happens? Well now the cost of tokens and the cost of going out and performing intelligent tasks in the US goes up compared to the rest of the world.”
“Then over the long period of time might actually put us at a disadvantage.”
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Nvidia bet on Reflection for open-source AI.
Now the startup is playing catch-up, @rocketalignment explains.
Their model is expected to be quite good, “but good relative to the open weight models that are available in the US.”
“Its model will likely be on par for Western models, but not for Chinese models.”
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Can OpenAI catch up to Anthropic’s wildly successful enterprise business?
“As ChatGPT [consumer] growth has kind of slowed and tapered off a bit, we have seen the company really doubled down more on selling AI to enterprises…”
“I have talked to a decent number of developers who have switched over… from Claude Code to Codex in recent months, as OpenAI's models have gotten better…” — @steph_palazzolo, Author of AI Agenda at The Information
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Banks, cloud firms and AI labs are creating new financing structures to speed up data center construction before leases are finalized.
The arrangements can cover land, power studies and scarce equipment, though they offer no guarantee a project will get built.
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Lilian Weng, the Thinking Machines cofounder who announced her departure earlier this week, citing startup-related stress and illness, is rejoining OpenAI.
She'll be working on using AI to develop new models (recursive self-improvement).
w/ @amir
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OpenAI and Anthropic remain fierce competitors, but they are aligning on two policy goals: broader government reviews of advanced models and tighter scrutiny of Chinese open-source AI.
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Exclusive: Stripe's nearly $10 billion talks for OpenRouter would value the AI startup at roughly 70 times its recent annualized revenue.
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Companies are testing Codex and open-source models to cut their AI coding bills, yet many are still sticking with Claude Code. Engineer preference and Anthropic’s technical edge are proving difficult for rivals to dislodge.
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Nvidia backed Reflection AI with $800 million and pushed it to become a U.S. leader in open-source AI.
Nearly a year later, the startup has yet to release a model and is falling behind Chinese and U.S. rivals.
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Exclusive: OpenAI’s chatbot is on the precipice of having 1 billion weekly active users, a milestone the company was hoping to hit by the end of last year.
More details, and what it means for the company's trajectory:
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Calling all female authors 📚
The Information's WTF Summit (Women in Tech, Media and Finance) is heading to Napa Valley this October 27–28 — and we want you in our WTF Library!
Each year, we invite female authors to donate copies of their books, which attendees can browse and take home from our WTF Library.
It's a great way to get your book in front of an audience of influential women in tech, media, and finance.
If you're a female author interested in donating a copy, we'd love to hear from you.
📩 Reach out to events@theinformation.com to learn more.
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Today on TITV:
-ChatGPT nears 1B active users seven months after target | @steph_palazzolo
-Reflection races to become open-source AI champ | @rocketalignment
-AI safety initiative hopes to curb open-source models | @jpatel41, President & Chief Product Officer at @Cisco
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Today on TITV:
-ChatGPT nears 1B active users seven months after target | @steph_palazzolo
-Reflection races to become open-source AI champ | @rocketalignment
-AI safety initiative hopes to curb open-source models | @jpatel41, President & Chief Product Officer at @Cisco
📺 Tune in at 10 am PT / 1 pm ET on
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Data labeling startups are turning small businesses into testing grounds for AI models that still struggle with common workplace tasks.
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Exclusive: OpenRouter was recently generating about $140 million in annualized revenue while posting software-like gross margins.
Those financials help explain why Stripe is considering a price tag approaching $10 billion.
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