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.
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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.
Jeff Dean Leaves Google as Demis Hassabis Steps Aside as Google DeepMind CEO
The changes will likely strike a blow to morale at Google DeepMind, which has already seen a string of departures, and could complicate its efforts to catch up in the AI race.
Shopify Stock Soars on Strong Revenue Growth
Shopify president Harley Finkelstein said AI search was "particularly helpful to some of the smaller brands," which make up most of Shopify's merchant base.
Disney’s Streaming Revenues Grow 11% Despite Ad Weakness
Disney's results showed that streaming growth is coming almost entirely from the subscription side, rather than advertising.
Uber Plans to Invest $10 Billion Over Time in Autonomous Vehicle Fleet Expansion
Uber has partnered with a very wide range of autonomous vehicle developers, making their cars available on its platform, as it endeavors to keep ahead of the technological transition.
AMD Shares Fall After Hours Despite 50% Revenue Growth
Even with the stock slump, it’s still been a banner year for the chip designer.
OpenAI Calls Apple Lawsuit Careless and ‘Oddly Personal’
OpenAI claims a former employee ended up with sensitive material because of Apple’s own security errors
SpaceX First Earnings Report Since IPO Shows Heavy AI Spending
SpaceX reported $7.8 billion in revenue, up 92% from the previous year.
Polymarket Seeks to Raise at Over $20 Billion Valuation
The prediction market is in early talks to raise about $1 billion, Bloomberg reports.
Spotify Reports 14% Higher Revenue
Spotify said ad revenue rose just 1% in the quarter, which is an improvement on the past three quarters where ad revenue fell as much as 6%.
Bending Spoons to Acquire Airtable for Around $1.3 Billion, Steep Drop from Pandemic Peak
The sale price is a big markdown from its 2021 high.
Major PC Makers Start Using Memory Chips From China’s CXMT
The move comes amid a severe shortage of memory chips due to rapidly growing AI infrastructure demand.
Trump Administration Mulls Ban on Chinese Data Center Devices
The move will affect critical components that ensure data centers can run efficeintly.
Microsoft Closes Up for 2026, Finally
Amazon's market capitalization closed above $3 trillion for the first time ever.
Snap Revenue Shows Improvement in Q2 But User Count Stays Flat in U.S.
Despite the improvement, Snap's user base is still not growing where it matters most—the U.S. and Europe.
Weekday mornings
The Information AM by The Information Staff
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