Disney Reports Ad Revenue Gains Driven by Live Sports
Disney's ESPN reported a 29% year-over-year increase in ad revenue driven by airing more football games. It will unveil a new ESPN streaming service next week.
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The Information AM
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Recent Editions
OpenAI Plans to Slash Revenue Share to Microsoft After Restructuring
OpenAI’s existing deal is to share 20% of its revenue with Microsoft through 2030
Coatue Courts Individual Investors in New Tech Fund
The fund is anchored by $1 billion in initial investment from Jeff Bezos' and Michael Dell's individual family investment offices.
Former OpenAI and Deepmind Leaders Seek Funding For ‘ChatGPT for Material Science'
The startup was founded two months ago and is seeking a valuation above $1 billion.
AMD Reports 36% Revenue Growth
CEO Lisa Su told analysts that one of the “largest frontier [AI] model developers” is using its chips for its “daily inference traffic.”
ServiceNow, Salesforce Up the Ante in AI Battle
ServiceNow and Salesforce are now rivals in areas like customer management and customer service software, and now each is trying to outdo the other.
Amazon Expands Temu Rival Haul to U.K., Saudi Arabia
The Information first reported that Amazon planned to expand Haul internationally.
Uber and Pony AI to Start Robotaxi Partnership
The companies will launch in a city in the Middle East this year with safety drivers
The Department of Justice Argues for Breakup in Google Adtech Case
A remedies trial for the adtech anti-trust case will happen in September
Supplement Startup Grüns Confirms Fresh Funding, $500 Million Valuation
VC firm Headline is a new investor, and partner Nancy Xiao is now a board member.
Microsoft Unveils New Surface PCs at Lower Price Point
The devices are up to 20% cheaper than the last versions released last year, in part because they rely on smaller chips.
Amazon Adds New Buying Option to iOS Kindle App After Apple Payments Ruling
Until the recent order, Apple rules had restricted app developers from directing users to jump between apps and browsers to make purchases.
Marc Lore’s Food Company Wonder Raises $600 Million at $7 Billion Valuation
The funding brings its total money raised to more than $2 billion.
DoorDash Finalizes Deliveroo Purchase and Acquires Software Firm
The two acquisitions together will cost DoorDash close to $5 billion. DoorDash also reported first quarter earnings, showing steady growth.
U.S. Lawmaker Pushes AI Chip Tracking Bill to Curb Smuggling
The new bill will mandate the Commerce Department to introduce regulations within six months.
Uber and WeRide to Expand Robotaxi Partnership to 15 More Cities
The two already operate together in Abu Dhabi with service in Dubai to start later this year
Palantir Raises Full-Year Outlook as Revenue Surpasses Guidance
First-quarter revenue rose 39% year over year to $884 million, fueled by strong demand from U.S. businesses and government agencies.
Databricks in Talks to Acquire Database Startup Neon
Databricks wants customers to use its services to build AI agents, and acquiring cloud database startup Neon could make that easier.
OpenAI Decides Not to Split From Its Nonprofit, Handing Musk a Partial Victory
The reversal is a win for OpenAI co-founder-turned-rival Elon Musk.
Trading App eToro Moves Ahead With IPO Plans
The company and its shareholders seek to raise up to $500 million in offering.
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