Shopify Shares Tumble Amid Software Selloff
The e-commerce software maker has moved quickly to help its merchants sell through new AI-powered shopping features.
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Recent Editions
Departures Accelerate at Elon Musk’s xAI as Yet Another Cofounder Leaves
The company is going through big changes after SpaceX earlier this month announced a merger with xAI.
U.S. Lawmakers Urge Trump to Close Chip-Equipment Loopholes
The push comes after media outlets reported that China has made progress building advanced chip-making equipment using scavenged parts.
Lyft’s Revenue Grows 3% As Legal and Regulatory Reserves Mar Top Line
The company reported 19% growth in bookings for the fourth quarter.
Meta’s Zuckerberg Buys South Florida Home
The home purchase in Indian Creek comes as a one-time tax on billionaires heads to California voters in November.
Spotify’s Revenue Rises 7%, as Ads Fall Again
Spotify executives said the ads business should pick up in the second half of this year.
Another Cofounder of Elon Musk’s xAI Resigns
Wu, who reported to Musk, played a central role in xAI’s core AI model development.
China’s Zhipu Rolls Out New AI Model in Stealth Mode
Pony Alpha, an open-source model released on the OpenRouter marketplace, is actually Zhipu’s new GLM-5 model.
Michael Grimes Returns to Morgan Stanley After Government Stint
Grimes is returning at a time where the Wall Street bank is gearing for a year of mega listings.
Stripe Aims for $140 Billion Valuation in new Tender
Stripe is preparing a potential tender offer that could value the payments company at more than $140 billion, Axios reported.
Alphabet Reportedly Set for $20 Billion US Bond Sale
The tech industry has increasingly turned to debt financing to fund exploding spending on data centers and chips.
Workday Co-Founder Returns to CEO Role as AI Fears Mount
Aneel Bhusri, who co-founded Workday in 2005 and stepped down as co-CEO two years ago, is returning to lead the enterprise software firm.
OpenAI Launches ChatGPT Ads
The company said it will add other formats over time but would prevent “narrow ads targeting.”
Databricks Raises $7 Billion in New Funds
The fundraising effort shows the company has been able to continue to tap the private markets ahead of a widely anticipated initial public offering.
Uber Does Deal With Getir to Expand in Turkey
The deal comes nine months after Uber bought another Turkish delivery service, Trendyol.
SpaceX Shifts Focus to Building Moon City, Musk Says
Musk’s comments come days after he pitched the idea of operating data centers in space.
ByteDance’s Seedance 2.0 Video Model Generates Buzz
The new model shows how Chinese companies are playing central roles in the global AI video market.
Crypto Exchange Bithumb Mistakenly Sent $44 Billion Bitcoin to Users
South Korean platform Bithumb said it has recovered 99.7% of the bitcoin.
Microsoft Commercial CEO Responds to Potential OpenAI Competition
The response shows how seriously established software providers are taking new AI products.
Palmer Luckey’s Erebor Bank Got Full Charter Approval
Erebor Bank aims to fill the hole left by Silicon Valley Bank.
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