Alibaba CEO Expects Large-Scale AI Adoption in China
Alibaba is counting on China’s domestic AI demand to continue driving the growth of its cloud computing business.
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Salesforce to Acquire AI Agents Startup Convergence
Convergence’s product, Proxy, went viral when it first launched on ProductHunt in February.
Walmart Warns of Price Hikes
“We started to see increases happen in April and through May,” Walmart CEO Doug McMillon told analysts on Thursday.
Trump Says He Pressured Cook to Stop Moving Production to India
Cook told analysts a couple of weeks ago that in the June quarter, most iPhones sold in the U.S. will be assembled in India.
CoreWeave Rival Nebius’ Stock Rallies on ClickHouse Deal Talks
Nebius, formerly known as Yandex N.V., founded and incubated ClickHouse
CoreWeave Shares Fall 7% On ‘Lumpy’ AI Cloud Revenue Projection
Despite the drop, CoreWeave would still be 59% above its IPO price if the after-hours price holds through Thursday.
Pro-Crypto CFTC Commissioner Departs for Blockchain Association
Summer Mersinger is the latest CFTC Commissioner heading to the crypto industry.
Microsoft Shuts Down Ad Buying Service
Microsoft retreats from Internet ad buying, where Google and Amazon excel
Trading App EToro Soars 34% After IPO
EToro and its shareholders raised $620 million in successful debut.
Databricks Confirms $1 Billion Acquisition of Database Startup Neon
Databricks makes its third billion-dollar acquisition in as many years, adding database technology that AI agents can access autonomously.
Waymo Recalls Software in More Than 1,200 Cars
The company has recalled its self-driving software three times in the past two years.
Warner Bros. Discovery Renames Streaming Service as HBO Max
The decision reverses WBD's decision two years ago to drop HBO in its name, reflecting a strategic shift to emphasize quality over volume in programming.
Tencent President: We Have Strong Stockpile of AI Chips
Like other Chinese tech companies, Tencent is dealing with tightening U.S. restrictions on the export of Nvidia AI chips to China.
Perplexity Adds PayPal Checkouts
The AI search company also has deals with Shopify and the startup Firmly to connect users with merchants.
Arista Acquires a Networking Unit From Broadcom
VeloCloud, which Broadcom gained in its 2023 acquisition of VMware, develops technology for connecting remote workers to corporate networks.
TikTok Looks to Allow Photos in DMs, Despite Concerns Over Sextortion
The debate highlights a longstanding tension at social media companies between teams charged with boosting growth and those focused on preventing harms.
General Atlantic Cash Distributions Fall to Five-Year Low
The investment firm, known for backing Airbnb and Uber, blames a frigid market for IPOs.
Zoox Working on ‘Concierge’ Robotaxi App
The Amazon-owned company just received Nevada’s approval to accept paying customers.
SoftBank Notches First Profitable Year Since 2020
The company continues to invest heavily in AI, including Stargate and OpenAI.
Chime Shows Faster Revenue Growth in IPO Filing
The additional growth was in part due to Chime's launch of a pay-day advance product it launched last year called MyPay.
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