Microsoft Taps Former Biden, Trump Officials for Senior Legal Roles
The moves show Microsoft’s willingness to forge ties with members of both political parties.
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Musk Lieutenant and other DOGE Leaders to Exit Administration
One of the outgoing staffers, Katie Miller, is reportedly going to work for Musk full time.
Meta and Anduril Partner on VR Devices for U.S. Military
The companies have jointly bid on a U.S. Army contract for VR devices, worth up to about $100 million.
Elf Beauty Shares Surge Following Rhode Acquisition
Rhode grew sales to more than $200 million in three years.
Business Insider Lays Off 21% of Staff
The Axel Springer-owned firm said 70% of its business is reliant on website traffic. It wants to reduce that by focusing on areas that it has more control over.
Amazon to License New York Times Material for AI Training, Alexa
Amazon has also touted deals with other publishers including Reuters, Hearst and the Jeff Bezos-owned Washington Post.
Protein Bar Maker David Boosts Valuation to $725 Million
The company first launched sales in September 2024.
Delaware AG Is Hiring Bank in OpenAI Investigation
The bank will help determine the value of the charity that owns OpenAI.
U.S. Toughens Rules For Chip Design Software Sales to China
The U.S. Commerce Department has informed major chip design software vendors about new regulations governing sales to China.
Elon Musk Leaving the Trump Administration
Musk’s tenure in government faced backlash from voters and federal workers.
Salesforce Raises Revenue Forecast, Targets Small- and Medium-Sized Firms
Salesforce has built its software empire by selling to the world's largest companies, but now it sees small- and medium-sized companies as a key to growth.
Elon Musk Tried to Derail Sam Altman’s Middle East AI Deal
Musk was reportedly angered when the OpenAI CEO was included in the president’s Middle East trip in May.
Nvidia Says New China Controls Will Cost it $8 Billion in Q2
Even so, Nvidia projected $45 billion in revenue for the second quarter, which would still be a 50% increase from the same period last year.
Tesla To Launch Robotaxi Service June 12 in Austin
Tesla conducted the first test with no one in the driver’s seat this week.
Data Analytics Startup dbt Labs Unveils New Product, Licensing Option
Dbt Labs, backed by Sequoia Capital and Andreessen Horowitz, was valued at $4.2 after a funding round in 2022 and is now targeting bigger enterprise deals.
Shein Weighs Hong Kong IPO After London Efforts Stall
The fast-fashion company has been waiting for approval from Chinese securities regulators.
Netflix Co-founder Reed Hastings Joins Anthropic’s Board
Hastings will join the four existing directors on Anthropic's board.
Elon Musk’s xAI Enters $300 Million Deal With Telegram
The deal expands Grok’s distribution to Telegram’s more than one billion users.
Instacart Names Chief Business Officer Rogers as New CEO
Chris Rogers has been with Instacart since 2019, and previously spent 11 years at Apple.
Meta’s Antitrust Trial Ends
If the government prevails in the case, Meta could be forced to sell Instagram, WhatsApp or both apps.
Weekday mornings
The Information AM by The Information Staff
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