Trump Plans to Extend TikTok Deadline For Third Time
President Trump is planning to sign another executive order extending the deadline to enforce a law to ban or force a sale of TikTok in the U.S.
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Microsoft, OpenAI Ask Court to Dismiss Musk’s RICO Claims
Musk’s lawyers amended the claims last month.
Indonesia Mulls Stake in Possible Deal Between Grab and GoTo
The discussions about Singaporean tech giant Grab’s potential $7 billion deal with Indonesia’s GoTo could face hurdles because of regulators’ concerns.
Alibaba Expands Cloud Computing Footprint in Indonesia
Alibaba Cloud is working with the digital payments unit of Indonesia’s GoTo as the Chinese cloud provider seeks more overseas opportunities.
Anysphere, Startup Behind Cursor, Hits $500 Million in Annualized Revenue
The San Francisco-based startup has also finalized its latest fundraising round.
Trump and Musk Divorce in Ugly Social Media Feud
Musk threatened to immediately decommission the Dragon spacecraft, which NASA relies on to ferry astronauts to the International Space Station.
Circle Shares Soar 180% in Blockbuster IPO
Stablecoin issuer valued more than $17 billion in first day trading.
Apple’s China AI Partnership With Alibaba Faces Delays
Beijing’s regulator still hasn’t approved the plan amid President Trump’s trade war against China.
Amazon to Test Robots for Delivering Packages
The move is the latest sign of enthusiasm for humanoid robots.
Palo Alto Networks CEO Joins Uber Board
The company also promoted a longtime employee to COO this week
Appeals Court Denies Apple Request to Pause Order on App Store Payments
App developers can continue to use alternative payments to get around Apple’s commission
Circle Expects to Raise $1.1 Billion in Upsized IPO
Stablecoin issuer set to start trading on NYSE tomorrow in a highly anticipated debut.
Reddit Sues Anthropic Over Unauthorized Scraping
The social network has AI licensing deals with OpenAI, Google
XAI Cofounder Joins AI Code Startup Morph As Chief Scientist
Szegedy is the first of xAI’s 12 co-founders to leave the company since it launched in March 2023.
SpaceX On Track for $15.5 Billion Revenue, Musk Says
Latest figures suggest that SpaceX, which makes most of its revenue from its Starlink internet satellites, could become less reliant on government funding.
Microsoft Reshuffles Leadership to Focus on AI Agents
Microsoft is betting that old-school sales software will be disrupted by generative AI as it looks to compete with Salesforce and SAP.
Deel Targets Rippling’s Intelligence Unit In Spy Battle
Deel has accused Rippling of directing an employee to set up fake entities to pose as a Deel customer.
After Leaving Washington, Musk Calls Trump Spending Bill ‘Disgusting Abomination’
Latest attack shows growing rift between the Department of Government Efficiency leader and President Trump
Thoma Bravo Raises $34.4 Billion, Defying Industry Slowdown
The software-focused buyout firm raised $34.4 billion, showing a sharp divide between top performers and the wider private equity industry.
Kuwaiti Sovereign Wealth Fund Joins Blackrock Infrastructure Project
Blackrock plans to raise $30 billion in equity and up to $100 billion total when including debt.
Weekday mornings
The Information AM by The Information Staff
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