Valida Pau

$SWKS $QRVO just agreed to merge in a cash-and-stock deal that values the combined company at roughly $22 billion, confirming me and @Katie_Roof's scoop from last night via @theinformation

We've been bringing you lots of inside details on the SpaceX IPO and its business in recent weeks, including scoops on financials, timing, roadshow and trading dynamics. 2 months to go. @theo_wayt, @PauValida, @Katie_Roof and I are strapped in. Tips, as always, welcome.

The irony of this: "Chief Financial Officer Bret Johnsen is telling bankers he’s unhappy about the leaks of detail on the blockbuster IPO plans, some of the people said."

Shoes companies are also AI companies these days

Older tech companies are beefing up their security offerings to prepare for rogue AI agents. The latest example: Cisco considering buying Astrix for $250m+ w/ @PauValida theinformation.com/articles/cisco…

Sources: Cisco is in talks to acquire Tel Aviv-based Astrix Security, which sells software to monitor and secure AI agents, for between $250M and $350M (The Information) theinformation.com/articles/cisco… #a260410p26" target="_blank" rel="nofollow noopener">techmeme.com/260410/p26#a26… 📥 Send tips! techmeme.com/contact

Big @coryweinberg scoop on SpaceX + xAI financials SpaceX lost just under $5 billion last year while generating more than $18.5 billion in revenue theinformation.com/articles/space…

Score card from 3 years ago: Adept > Amazon Inflection > Microsoft Character > Google AI21 > maybe Nebius, as we reported today Only two left standing: Anthropic and Cohere👀 theinformation.com/articles/six-o…

Scoop: Nebius $NBIS is in talks to buy Israeli AI startup AI21, after the startup’s talks with Nvidia $NVDA didn’t pan out. Cloud providers are all trying to provide more AI tools for customers! w/ @Katie_Roof

Scoop: Israeli AI startup Ai21 in talks to be bought by Nebius $NBIS. Valued at $1.4B last year theinformation.com/articles/nebiu… w/ @PauValida

WHAT'S UP NEW YORK I'll be back April 27 to co-host @theinformation's Financing the AI Revolution summit. We've been first to the biggest stories in AI. Now we'll talk to the sharpest minds in finance on what comes next with the buildout, startups & when the music might stop.

NEW: There’s a growing tension between San Altman and his CFO, Sarah Friar. Privately, Friar has started speaking about her concerns about the firm’s massive spending on compute and Altman’s hopes to IPO this year. More details from me and @amir in @theinformation

It's a M&A party! Anthropic is buying AI biotech startup Coefficient Bio for ~$400m. The team will join Anthropic's healthcare life sciences group, which develops tools for biotech workflows. w/ @srimuppidi theinformation.com/articles/anthr…

Dealmaker exclusive with @anissagardizy8: Blackstone agreed to acquire a 49% stake in Rowan Digital Infrastructure

Now every knows

A friend asked me what I'm up to this month and I sent them this... in a nutshell... @theinformation

Anthropic execs have discussed a possible Q4 IPO > Bankers expect it could raise 60B+, one of the largest IPO in history > They largely expect it to list before OpenAI > revenue recognition/projection will be key to SEC @srimuppidi

new: Bankers pitching Anthropic expect a $60b IPO soon as Q4, would be no. 2 all-time in size, excl. OpenAI (assuming SpaceX gets its $75b wish)

🚀An IPO so BIG that SpaceX is thinking that banks should stay in their own lanes. $BABA, which raised $25 billion in 2014, also have their six banks working on different tasks.

and theinformation.com/articles/amd-b…

The @theinformation squad bringing you data center news @anissagardizy8 @MilesKruppa