In 2020, Instagram Projected Billions in Lost Revenue to TikTok
In 2020, Instagram also expected time spent on its feed and Stories to fall short of projections prepared a year earlier, according to a document shown in court on Thursday.
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Netflix Posts Strong Q1 as Reed Hastings Transitions to New Board Role
Co-founder Reed Hastings is transitioning from executive chairman to chairman of the board and non-executive director, signaling he's stepping back even more.
OpenAI Held Acquisition Talks with Owner of Coding Assistant Cursor
Acquiring a coding startup could help OpenAI gain access to more developer customers and more data to train its AI models on.
Meta Former COO Sandberg Testifies on Value of Ads
Meta is trying to undercut the government's antitrust case by pointing to competition in the ad market.
Court Rules Google Breached Antitrust Law in Ad Tech
Google will likely be forced to dismantle much of its ad tech business.
Nvidia Is Willing to Deepen its Presence in China, CEO Says in Beijing
Huang’s visit came days after the U.S. government banned more Nvidia chip sales to China.
TSMC: No Customer Behavior Changes Yet After Tariffs
The Taiwanese chipmaker said expansion in the U.S. would reduce its profit margin.
Congressional Committee Calls for Tougher Export Controls In Light of DeepSeek
The Select Committee on the Chinese Communist Party also sent a letter to Nvidia demanding answers to how some advanced AI chips ended up powering DeepSeek’s models
Rippling Lines Up Goldman Sachs, GIC as New Investors Amid Spy Lawsuit
The new valuation, about $16 billion, would be up from $13 billion a year ago.
OpenAI Releases New Reasoning Models, Open-Source Coding Assistant
These new reasoning models have helped scientists come up with hypotheses to test and designs for experiments.
Lyft Agrees to Buy European Taxi App Freenow for $197 Million
The ridehailing company is also fighting off a proxy challenge
OpenAI in Talks To Buy AI Coding Assistant Windsurf for $3 Billion
If the deal closes, it would be the largest in OpenAI's history.
Meta’s Share of Time Spent Has Declined, Zuckerberg Testifies
Zuckerberg said that a "lot of the interaction" people have with friends has shifted to messaging apps.
Zuckerberg Says TikTok and YouTube Are Major Rivals to Meta
The Meta CEO's testimony reflects the company's effort to rebut the Federal Trade Commission's claim that YouTube and TikTok don't compete with Meta.
California Considers Bill to Allow Nuclear Power Plants
Proponents have said the technology is necessary to satisfy the growing power demands of AI.
Tesla’s Market Share in California Falls Below 50%
The California New Car Dealers Association attributed the downturn to Tesla’s “aging product lineup and backlash against Elon Musk’s political initiatives.”
Crypto Exchange OKX Launches in U.S. After DOJ Settlement
OKX, a global crypto giant founded by Star Xu, will compete with Coinbase in the U.S. market.
U.S. Startup Funding Hits Highest Level Since 2021
For the second straight quarter, investments in artificial intelligence startups made up more than half of total funding.
Meta Attempted Negotiations to Settle Antitrust Lawsuit
Mark Zuckerberg last month offered to pay $450 million to settle an antitrust case brought by the FTC—far less than the $30 billion demanded by the agency.
Design Software Maker Figma Files Confidentially for IPO
Even after its $20 billion sale to Adobe fell apart in late 2023, Figma's business has continued to thrive and its products remain popular with designers.
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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