HubSpot Lays Off 7% of Workforce, Says It’s Not Because of AI
HubSpot becomes the latest business software provider to cut staff this year, as fears over AI taking a bite out of its revenue continue to percolate.
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Pinterest Names New CFO
James Dibbo is the fourth new person to join Pinterest’s c-suite this year
Anthropic Expands Cyberdefenders’ Access to Top Models
All members of its Cyber Verification Program will have access to advanced models for some uses; Project Glasswing is transitioning to become a ‘specialized access’ tier.
Exclusive: Star Goldman Sachs Banker Dunlevie to Co-Lead Tech Banking
Dunlevie has led deals for OpenAI, Stripe and Instacart.
Uber to Buy Catering Firm for $2.3 Billion
EzCater's service offers businesses a way to order from restaurants across the country, including for meetings and events.
Ellison-Controlled Skydance Completes Warner Bros. Discovery Acquisition
The combined company owns both the Warner Bros. and Paramount film studios, the HBO Max and Paramount Plus streaming services as well as CBS and an array of cable channels.
Kuaishou’s Kling Picks Banks for $1 Billion-Plus Hong Kong IPO
Kling, which develops AI video generation models, faces tough competition from Chinese and American rivals.
DayOne Data Centers Files for Nasdaq IPO amid Market Uncertainty
The Singapore-based company is one of the fastest-growing data center operators in Asia.
Nvidia Is Rethinking Its Revenue-Sharing Deals with Cloud Firms
The program, which CFO Colette Kress spoke about during Nvidia’s last earnings call, could take a different form.
Reflection AI Announces First Open Source Model, Beam
The long-awaited model outperforms offerings from Thinking Machines and Nvidia but lags Chinese alternatives, according to Reflection.
OpenAI Expands Visual Ads in ChatGPT and Moves to Help Advertisers Measure Their Impact
Testing begins later this month in the U.S. with an initial group of advertisers.
OpenAI Sent Letter to New York City Council Recommending Safeguards Against AI Risk
The letter came ahead of a hearing by New York City Hall with testimony from AI whistleblowers and policy leaders from OpenAI, Anthropic, Google and Meta.
Musk to Change SpaceXAI’s Name to SpaceXSI
Musk had already signaled his agreement with President Trump's preference for SI, rather than AI.
National Intelligence Director Jay Clayton Will Lead AI Task Force
Vice chairs will include Defense Undersecretary Emil Michael and Federal Trade Commission Chairman Andrew Ferguson.
Exclusive: Crypto Custodian Anchorage Digital Lays Off 17% Staff
Anchorage Digital, the first federally chartered U.S. digital-asset bank, was valued at $4.2 billion in February.
Lambda Secures $1 Billion GPU Loan
The fixed-rate facility carries an interest rate of 6.78% and will finance more than 30,000 Nvidia GPUs.
Amazon Pledges To Give Up NDAs, Give Back $1 Billion To Communities In Data-Center Buildout
CEO Matt Garman gave the pledge in a full-throated defense of the importance of AI data centers.
Microsoft Debuts Voice AI to Compete with ElevenLabs
Microsoft also plans to sell the new voice model to developers of AI apps.
Neocloud Backed by Chinese Tech Giants Files for IPO
Shanghai’s Infinigence AI is among a growing number of companies supplying critical computing resources to power AI development.
U.S. Arrests Man for Smuggling Nvidia Chips to China
Smuggling of advanced Nvidia chips into China has become a complex multinational enterprise despite Washington’s crackdowns.
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.
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