Monday.com Projects Revenue Growth Slowdown in Q3
Monday.com management blamed a short term impact of layoffs on the growth slowdown.
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Recent Editions
Intel to Raise $15 Billion in a Stock Offering to Fund Expansion
Intel stock is up 175% over the past 12 months, reflecting a nascent turnaround it has demonstrated.
Zuckerberg Calls U.S. to Reduce Friction Around Open-Source
Meta unveiled its latest AI model, Muse Glimmer, which it making available on an open source basis.
Sony, TSMC to Invest $6.3 Billion in Image Sensor Joint Venture in Japan
The joint venture, which is expected to supply sensors for Apple’s iPhones, is also counting on future demand for AI-powered robots.
OpenAI Pauses Astra Work on Cyber Concerns
The model features multiple agents working together to solve difficult problems.
Nvidia Agrees to Invest Up to $3 Billion in Power Firm Behind Stargate
The investment values Lancium at about $10 billion in enterprise value.
Meta Must Pay $567 Million in New Mexico Child Safety Case
The penalty comes after a jury ordered Meta to pay $375 million in March, bringing the company’s total penalties in the case to $942 million.
SK Hynix to Start Building Two New Chip Fabs Next Year
The South Korean firm is expanding production capacity as the global AI boom boosts demand for memory chips.
Beijing Launches Cybersecurity Review of Palo Alto Networks’ Products
The move comes amid escalating trade friction and tech rivalry between the U.S. and China.
Datadog Says Largest Customer Reduced Spending, Shares Drop 19%
Datadog investors seem concerned about why its largest customer is cutting its spending, but the answer may lie in the company's usage-based business model.
Lyft Reports Strong Demand, Expects Growth Slowdown
Its European taxi business and a record share of rides booked through partnerships lifted the average value of each trip.
Salesforce Plans 133 Layoffs in Washington, California
Some 74 employees will be cut in San Francisco, California, while 59 will be laid off in Bellevue and Seattle, Washington.
Airbnb Raises its Forecast as Travel Demand Rebounds
Airbnb now expects full-year revenue to grow "at least mid teens," up from "low to mid teens" guidance in the first quarter.
OpenAI Asks Judge to Dismiss Apple Lawsuit
In its motion to dismiss, the AI startup accused Apple of failing to provide evidence of specific trade secrets that OpenAI employees stole.
Atlassian Stock Soars on Strong Cloud Revenue Growth
Atlassian CEO and cofounder Mike Cannon-Brookes said he planned to start buying as much as $250 million in shares, signaling his confidence in the stock.
Alphabet Draws Strong Demand for $25 Billion Debt Sale With Higher Yields
The parent of Google offered a new-issue concession to attract buyers and move beyond a period in which investors had shown less appetite for tech company debt.
OpenAI’s Smart Speaker Will Cost Over $300
The first device in OpenAI’s new family of hardware devices is expected to be released next year.
Pinterest Hires New Content Executive Amid C-Suite Shakeup
The company has reaccelerated revenue growth this year after a dip in the fourth quarter
Exclusive: Stripe in Exclusive Talks to Buy Startup OpenRouter for Around $10 Billion
OpenRouter has been fielding takeover interests from other big tech companies.
SoftBank Borrows Against OpenAI Stake as It Invests More
The loan is the latest sign of the financial high-wire that the Japanese investment giant is walking with its OpenAI foray.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy