The Electric

We are witnessing a significant transformation in transportation. The emerging battery and electric vehicle industries are projected to generate up to $24 trillion in wealth over the next twenty years. By subscribing to our exclusive premium service, designed for top technologists, investors, and policymakers, you will gain access to in-depth weekly reports, timely alerts, and live briefings.

International

English

Newsletter (Digital)

Outlet metrics

Domain Authority

Ranking

Global

#56191

United States

#18178

News and Media

#870

Traffic sources

Monthly visitors

Articles

CoreWeave in Talks to Buy Core Scientific

2 days ago | theinformation.com | Valida Pau

Source: The Wall Street JournalCoreWeave is in fresh talks to buy Core Scientific, the Wall Street Journal reported, after the AI cloud provider unsuccessfully bid for the data infrastructure company a year ago. Core Scientific had a market value of around $3.7 billion as of Wednesday close, after the stock had been down 12% this year. Shares of Core Scientific have surged more than 20% after the report. Last year, CoreWeave offered to buy Core Scientific for $5.75 a share, or about $1 billion.
DeepSeek’s Progress Stalled by U.S. Export Controls

2 days ago | theinformation.com | Juro Osawa

The latest round of U.S. chip export controls may have curbed DeepSeek’s rise, at least for now. DeepSeek’s highly anticipated upcoming large language model, R2, may not be as quickly and extensively adopted in China as its predecessor, the wildly popular R1, due to a shortage of Nvidia server chips in the country, according to employees of major Chinese cloud service providers that offer DeepSeek’s models to enterprise customers.
OpenAI and Microsoft Duel Over AGI in High-Stakes Negotiation

3 days ago | theinformation.com | Amir Efrati

For the past three years, Microsoft has introduced a slew of new software tools, such as Copilot, by drawing on artificial intelligence developed by OpenAI. Under the terms of the software giant’s financial backing for OpenAI, Microsoft has access to the tech through 2030. The only risk was that OpenAI could move to cut off access if its board decided the AI had developed to the point where it could outsmart humans.
Cybersecurity Firm Rubrik Acquires Agentic AI Startup Predibase

3 days ago | theinformation.com | Valida Pau

Source: The InformationData management software firm Rubrik is acquiring Predibase, a startup that helps companies train and fine-tune their artificial intelligence models. Predibase, which was founded in 2021 by former Google and Uber employees, had raised over $28 million from Felicis and Greylock. The terms of the transaction weren’t disclosed, but CNBC reports Rubrik will pay between $100 million and $500 million.
Here Come the Software Boomerangs

3 days ago | theinformation.com | Valida Pau

The market for initial public offerings has thawed a bit so far this year. But don’t forget about deals going the other way—software companies going private again, relatively soon after their IPOs. Bankers say they are talking to software companies that have struggled since their IPOs about going private again. Some of these boomerang stocks will be leaving the market for the second time.
Polymarket Nears Funding at Over $1 Billion Valuation Led by Founders Fund

4 days ago | theinformation.com | Yueqi Yang

Source: The InformationPolymarket, the world’s largest prediction market, is finalizing a deal to raise more than $200 million at a valuation of more than $1 billion, The Information reported Tuesday. Peter Thiel’s Founders Fund, an existing investor, is leading the round. Founded in 2020 by CEO Shayne Coplan, Polymarket rose to prominence last year amid the US election. It is currently off-limits to U.S. users under a 2022 regulatory settlement.
Cybersecurity Provider Snyk Acquires AI Startup Invariant Labs

4 days ago | theinformation.com | Valida Pau

Source: The InformationCybersecurity company Snyk announced today that it has acquired Swiss AI security research startup Invariant Labs for an undisclosed price. Invariant Labs, founded in 2024, develops tools to build secure and reliable AI agents. It was founded by ETH Zurich researcher Marc Fisher and hasn’t disclosed any outside funding.
Wall Street’s AI Embrace Leaves Plenty of Work for Junior Bankers

4 days ago | theinformation.com | Valida Pau

For junior investment bankers working 100-hour weeks, artificial intelligence can take care of the grunt work—up to a point. Interviews with half a dozen junior bankers suggest many Wall Street banks have leaned into using AI to help streamline their most menial tasks, including basic research such as asking a chatbot for public financials or an executive’s bio, trimming five or so hours of work per week.
Polymarket Nears $200 Million Fundraising at Valuation Over $1 Billion

4 days ago | theinformation.com | Yueqi Yang

Polymarket, the world’s biggest prediction market, is nearing a deal to raise more than $200 million in a funding round that will value the company at over $1 billion, according to people familiar with the plan. Polymarket, founded in 2020 by CEO Shayne Coplan, rose to prominence last year by becoming the most popular platform for betting on the U.S. presidential election.
Fiserv Weighs Circle, Paxos for Stablecoin Push for Banks

5 days ago | theinformation.com | Yueqi Yang

Source: The InformationFiserv, a bank infrastructure giant, said it plans to launch a stablecoin by the end of the year, a move that will introduce stablecoin payments to its thousands of bank clients. Fiserv has set up a horserace between stablecoin companies Circle and Paxos to issue the token, which will be named FIUSD. “We haven’t decided whether it’s [Circle’s] USDC or [Paxos’s] USDG,” said Sunil Sachdev, Fiserv’s head of embedded finance, in an interview.