| |  | Feb 24, 2026 | | | | | Supported by |  | | | | | | Happy Tuesday! Oracle shares fall after The Information's report on the struggles of the firm's Stargate joint venture with OpenAI. Anthropic CEO Dario Amodei is set to meet with Secretary of War Pete Hegseth on Tuesday. Cerebras files confidentially for a U.S. IPO.
| | | | Oracle shares were down 4.5% on Monday, after The Information reported that the cloud firm's Stargate joint venture with OpenAI and SoftBank floundered after its flashy announcement at the White House in January 2025. Instead of the three companies pursuing a data center expansion together, OpenAI has struck individual deals with Oracle and SoftBank, though those deals fell short of OpenAI's goal of securing commitments for 10 gigawatts of capacity by the end of 2025. OpenAI also moved last year to get compute capacity from other providers outside of the original Stargate trio—a move that made its compute bill more expensive than it had planned. The Information reported that as part of Oracle's 4.5 gigawatt deal with OpenAI, the firms agreed to share some of the economic risk of the expansive project. That means if there is a delay or if expenses are over budget, they would share the cost. Other tech stocks fell Monday, as investors weighed the impact of artificial intelligence on enterprise applications, which Oracle also provides. | | | | Anthropic CEO Dario Amodei is set to meet with Secretary of War Pete Hegseth on Tuesday, following weeks of negotiations between Anthropic and the Pentagon over whether Anthropic can put limits on the Pentagon's use of its AI. Axios first reported on the meeting. The negotiations began after Hegseth issued a memo in January calling on AI companies to allow the Pentagon to use their models for "any lawful use." Anthropic, which won a $200 million contract with the Pentagon last summer and is the only AI company whose model is cleared for use on classified data, is asking the government for restrictions on its model being used for mass domestic surveillance and autonomous weapons use without humans involved. As conflict between the two sides escalated, the dispute has spilled into the public. A Pentagon official told Axios last week that the department was considering declaring Anthropic a "supply chain risk," meaning that any Pentagon contractors would have to certify that they did not use Anthropic technology in their work for the department—an unusual threat usually reserved for foreign adversaries, not an American company. | | | | Cerebras Systems has again made a confidential filing for a U.S. public offering, according to people with knowledge of its plans. The designer of AI chips and systems has been meeting with prospective investors before a potential listing that could take place as soon as this April, they said. The company had aimed to go public last year, but announced last December it was withdrawing its IPO paperwork. Instead, in early February, Cerebras raised about $1 billion in a private funding round that valued the company at $23 billion including the new investment. It also announced that OpenAI had agreed to purchase 750 megawatts worth of computing power from the startup through 2028 for about $10 billion. The OpenAI agreement could resolve public investors' concerns that it is overly dependent on one customer. In its original prospectus in September 2024, it disclosed that its investor Group 42 Holding, the parent of United Arab Emirates conglomerate G42, made up a majority of its revenue. CEO Andrew Feldman late last year said it had withdrawn its earlier IPO paperwork because so it could re-file with updated financials and strategy information "including our approach to the rapidly changing AI landscape." | | | | IBM stock dropped 13% on Monday after Anthropic said that its Claude Code tool could be used to automate the modernization of legacy code. IBM mainframes, computers that process a large portion of the world's financial transactions, run applications written in COBOL, a programming language developed in 1959 that is widely used by banking institutions, insurance companies and government agencies. COBOL supports 80% of in-person credit transactions, for example. Anthropic said Monday that Claude Code can be used to automate the translation of COBOL systems into modern coding languages. The drop in IBM shares follow a selloff by other software stocks on fears new agentic AI tools will lower demand for the older software. IBM told The Information it's been "investing in code modernization for years," including the launch of its watsonx Code Assistant in 2024, which—similar to Claude Code—works to translate COBOL on its mainframes. Amazon also launched its own AI mainframe modernization tool called AWS Transform in 2025. Notably, IBM also has a partnership with Anthropic, announced in October, to integrate Claude into the software giant's products. | | | | Elon Musk said Monday that SpaceX has been cutting prices for its Starlink satellite internet service to reach more customers. He made the comments in response to an article in The Information on the topic. SpaceX has introduced cheaper plans in the U.S. and other countries in recent months, has ramped up sales and marketing efforts and has been giving hardware away for free in some instances. The changes come ahead of Amazon's planned launch later this year of its Leo satellite internet service, which was formerly known as Project Kuiper. In response to a post on X that linked to The Information's story, Musk wrote: "This has nothing to do with Kuiper, we're just trying to make Starlink more affordable to a broader audience. The lower the cost, the more Starlink can be used by people who don't have much money, especially in the developing world." | | | | OpenAI unveiled long term partnerships with consulting groups McKinsey & Company, Accenture, Boston Consulting Group, and Capgemini aimed at promoting its "Frontier" software for managing AI agents to businesses, in OpenAI's latest shot at enterprise software firms. The offering will compete with similar tools from Microsoft, Salesforce, ServiceNow, Snowflake, and other tech giants fighting to control the agent management software layer as AI upends traditional software-as-a-service business models. McKinsey Global Managing Partner Bob Sternfels said in a statement Monday that business executives are facing "unprecedented challenges" capturing value from agentic AI." "McKinsey's deep domain expertise and experience with high-impact tech transformations, infused with OpenAI's leading Frontier technology, will help clients close this gap and capture real value," he continued. Software stocks fell on the news. Salesforce, Snowflake, and ServiceNow shares sank around 4%, while Microsoft lost over 2%. | | | | Uber announced Monday that it agreed to acquire SpotHero, an app that enables drivers to reserve parking spaces at garages based on location. The Information first reported in December that Uber was considering an acquisition. Terms of the transaction weren't disclosed. A deal with SpotHero could allow Uber to offer ride-hailing customers more services when they use their own cars and connect them to ride-hailing services after they park. Founded in 2011, SpotHero connects drivers looking to reserve and pay for parking spaces with parking lots, parking garages and valet services. It raised more than $110 million from investors including Insight Partners and Macquarie Group, most recently at a valuation of $290 million, according to PitchBook. JP Morgan advised SpotHero on the sale. | | | | Anthropic on Monday launched a share sale to current and former employees who had worked at Anthropic for at least twelve months, according to a person with knowledge of the share sale. The share sale is based on the company's latest valuation of $380 billion, according to the same person. Current and former employees will be able to sell up to $6 billion in total, reported Bloomberg. The size depends on how many employees decide to participate and how much they are going to sell, according to the person with knowledge of the sale. Anthropic earlier this month announced it had raised $30 billion led by Singapore's GIC and Coatue. The round was also co-led by D.E. Shaw Ventures, Dragoneer, Founders Fund, Iconiq, and MGX. | | | | The stablecoin launched by President Donald Trump's family crypto company World Liberty Financial briefly lost its peg to the dollar on Monday, as the company said it faced a "coordinated attack" on its co-founders' X accounts. The stablecoin, USD1, fell to as low as $0.994 on Monday morning, before recovering to $0.999 by noon. Stablecoins promise to maintain their value versus the dollar, and even a small break can trigger a sell-off. The amount of the stablecoin in circulation fell to $4.76 billion from $5 billion on Monday. Launched last year, USD1 became the fifth largest stablecoin by market cap after crypto exchange Binance started to offer up to 20% annualized yield to users holding the stablecoin in December. Binance founder Changpeng Zhao was pardoned by President Donald Trump last year. In 2023, Zhao and Binance reached a plea agreement with the U.S. over violating sanctions and anti-money laundering laws. BitGo is the legal issuer of the USD1 stablecoin. It publishes monthly attestation reports showing the stablecoin is backed by cash and government money market funds. | | | | Shopify has started arranging for ads to promote its merchants to run in ChatGPT, the company told merchants, in an expansion of Shopify's existing ad network. The e-commerce software firm buys ad space on various social media sites on behalf of its merchant clients, and charges merchants for their products to appear in the ads. It has now added ChatGPT to the list of sites that run the ads, which includes Facebook, Instagram, Google and Snap. Shopify's ad network, known as Shop Campaigns, accounts for a small portion of Shopify's $11.6 billion in annual revenue, but Shopify is trying to expand it. Merchants can set up an ad campaign, telling Shopify it is willing to pay a certain amount to reach shoppers. Merchants only pay if the ads get the targeted shoppers to make a purchase. OpenAI began testing ads in ChatGPT earlier this month, and other large retailers and marketplaces have been buying ad space on behalf of smaller brands that pay them to advertise on their sites and apps. Earlier this month, Target confirmed that it was participating in the ads pilot and that brands that advertise through its retail media ad business were also able to participate. | | | | | Popular articles
By Sri Muppidi and Stephanie Palazzolo
By Stephanie Palazzolo and Qianer Liu
| | | | | Opportunities Empower your teams to stay ahead of market trends with the most trusted tech journalism.
Learn more
Reach The Information's influential audience with your message. Connect with our team | | | | | |
0 comentários:
Postar um comentário