For those keeping track: Crusoe racks Nvidia GPUs for Oracle, which Oracle plans to rent to Microsoft, which will in turn rent the chips to OpenAI. Why can't MSFT cut out middlemen and do this on its own? Hint: Jensen. great reporting Anissa Gardizy theinformation.com/articles/why-c…

CrowdStrike's ongoing outage crisis is giving its rivals an opportunity to pounce, and several large customers are considering dropping the vendor. New from me: theinformation.com/articles/crowd…

New: OpenAI is on track to lose $5 billion this year, we estimate based on internal financial data and sources. OpenAI expects to spend around $4b on Azure bills for running ChatGPT and other inferencing, while training costs could exceed $3b. Details: theinformation.com/articles/why-o…

So. Darn. Excited. First round of speakers for The Information WTF are live and tickets go on sale now! Chelsea Clinton Chelsea Clinton Marissa Mayer marissamayer Daniela Amodei Daniela Amodei Beth Galetti Karla Welch Karla Welch Joanna Coles Joanna Coles And we are

OpenAI just announced their web search product SearchGPT, confirming our reporting from February openai.com/index/searchgp…

breaking: Antitrust officials at the US Department of Justice are investigating complaints that Nvidia is abusing its market dominance. Officials have reached out to AMD + chip startups in recent weeks about the allegations theinformation.com/articles/nvidi… Stephanie Palazzolo Amir Efrati

Google's Antitrust Loss, Bing's Gain? Managers at Microsoft voiced their excitement at the possibility that Bing could replace Google as the default search engine on the iPhone. theinformation.com/articles/after… From aaron holmes and Erin Woo

OpenAI is leading a $60 million investment in Opal, which sells $300 professional webcams and plans to develop other types of devices powered by OpenAI’s AI models. w/ Stephanie Palazzolo theinformation.com/articles/opena…

New: One-year-old startup Liquid AI has told prospective investors that it wants to raise $300 million at a $3.7 billion valuation. It doesn't have revenue yet. theinformation.com/articles/moons…

Cybersecurity firm Wiz, which recently rebuffed a Google buyout offer, wants to go public. But first it has to hire a CFO, which is proving difficult. theinformation.com/articles/wiz-l… From aaron holmes and Cory Weinberg

Meta’s Search for AI Clout Takes It Into New Terrain Meta may have to learn how to sell software to businesses if it’s going to become a power in AI. theinformation.com/articles/metas… From Sylvia Varnham O’Regan, Theo Wayt and aaron holmes

Teared up when I heard this news. The The Information's co-executive editor Martin Peers has been awarded a prestigious award by the Loebs for his amazing impact on business journalism. Woohoo!

Three of the five co-founders of French AI startup H, formerly known as Holistic, have left the company. H was registered in April and raised $220 million in May. Scoop with Sylvia Varnham O’Regan: theinformation.com/briefings/thre…

Another bit of news in this story: the current contract between OpenAI and Microsoft runs through 2030. In the meantime, the companies can still renegotiate terms of the partnership, such as how OpenAI pays Microsoft to rent cloud servers.

Begun, the chatbot wars have ChatGPT: 200M+ weeklies. Meta AI likely not far behind (though unclear if people are using it the same way or accidentally!) theinformation.com/articles/metas… Kalley Huang

A new database just dropped over here at The Information! Check out our (growing) list of some of the largest GPU clusters AI developers are using to train advanced models We're tracking the # and types of chips used + where these clusters are located theinformation.com/articles/intro…

New: I spoke to several companies that are pausing their adoption of Microsoft's 365 Copilot until the products improve (and a few who are going full steam ahead). MSFT is now racing to ship fixes in Excel and PPT, and has "no plans" to bundle Copilot. theinformation.com/articles/micro…

boston-based cybersecurity startup RecordedFuture raised $56m, burned $25m before being acquired by Insight Partners for $780m and now sold to Mastercard for $2.7b. "Compare that to the West coast, where people burn $25 million before they go to breakfast."

Nvidia has been in talks to purchase the AI startup OctoAI for $165 million (it was previously valued at >$900 million in 2021) Anissa Gardizy theinformation.com/articles/nvidi…