Meta Shifts Thousands of Workers to New AI Groups as Layoffs Loom
Managers are adapting organizational structures for AI, top executive says.
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Seagate Stock Falls on CEO Comments Suggesting Manufacturing Pullback
Shares fell after CEO William Mosley said the maker of hard disk drives for data storage would prioritize increasing unit capacity over building new factories.
Anthropic Buys Developer Tools Startup Stainless
The Information previously reported that Anthropic was in talks to acquire Stainless for more than $300 million.
Uber Spends $1.8 Billion Increasing Stake in Delivery Hero to 19.5%
The purchase suggests Uber is interested in expanding further globally.
Musk Loses OpenAI Lawsuit
The jury found that the statute of limitations on his claims had expired.
Lenovo’s Internal Memo Shows Uncertainty for Nvidia’s H200 Sales in China
Nvidia’s sales of H200 chips continue to face hurdles due to Beijing’s own restrictions on Chinese companies’ purchases.
Gates Foundation Sells Remaining Microsoft Stake
The Gates Foundation Trust reported that it had sold around $3 billion worth of Microsoft stock in the first quarter.
SpaceX Picks Nasdaq for Mid-June IPO
It would represent a slightly accelerated schedule for the space and AI company’s IPO.
OpenAI Reorganizes Product Teams Around Unified-App Strategy
Fidji Simo, OpenAI’s CEO of AGI Deployment, remains on medical leave
Trump Traded Millions in Tech Stocks in Q1
The disclosures show that Trump made more than a dozen purchases and sales of Nvidia shares from January through March.
Ackman’s Pershing Square Builds $2 Billion Microsoft Stake
Ackman said Microsoft's recent stock slide has been driven by investors who “underestimate the resilience” of its Office 365 software.
Anthropic Calls for Tighter U.S. Chip Restrictions on China
Anthropic published a new paper on the threat from China’s AI development during President Trump’s state visit to China.
Trade Representative Greer: Chip Export Controls Not Major Topic in Talks With Beijing
Greer said China will make its own decisions on whether the country will buy Nvidia’s H200 chips or not.
Newmark Data Center Advisor Brent Mayo Departs for DigitalBridge
Newmark hired Mayo in 2023 as part of the formal launch of a data center practice group.
Anthropic Picks Co-Leads for $900 Billion Valuation Funding Round
Dragoneer, Greenoaks, Sequoia Capital and Altimeter Capital are co-leading.
Musk, OpenAI, Microsoft Lawyers Deliver Closing Statements
OpenAI’s lawyers argued Musk waited too long to bring his lawsuit.
Salesforce Chief Product Officer Fisher Steps Down
Steve Fisher, a close associate of Salesforce CEO Marc Benioff and one of the company's top technical leaders, is moving to an advisory role.
Thrive Capital Invests $100 Million in Shopify Shares
The e-commerce software maker has seen its share price fall nearly 40% so far this year.
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