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.
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Recent Editions
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.
WBD Reports Drop in Revenue, Profits As Ownership in Limbo
The weak results spotlight a challenge facing WBD management, which has spent much of the past year negotiating a sale of part or all of the company.
DeepSeek Resumes Funding Talks, Plans to Hike Model Prices
The Chinese AI developer is looking to raise $7.4 billion at a $74 billion valuation.
Salesforce Engineering Chief Steps Down in Leadership Shuffle
Srini Tallapragada, Salesforce's chief engineering officer since 2019, is stepping down to serve as an advisor, as part of several new leadership changes.
Figma Stock Falls As Revenue Guidance Disappoints, Executives Depart
Figma said its chief marketing officer Sheila Vashee and chief product officer Yuhki Yamashita would be leaving the company.
Meta Debuts New AI Coding Tools
Muse Code and Muse Spark 1.2 mark Meta's latest push to narrow the gap with Anthropic and OpenAI.
White House Briefs Companies on Voluntary AI Framework
The Trump administration rolled out the new guidelines at an industry meeting on Tuesday.
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