Michael Grimes Expected to Lead Trump’s Sovereign Wealth Fund
Grimes left Morgan Stanley to join the administration.
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The Information AM
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Microsoft Cuts Back on CoreWeave Services, FT Reports
Microsoft's pullback renews questions about the durability of its spending on CoreWeave ahead of its IPO.
Microsoft, Salesforce Vie for Attention With Dueling AI Launches
The battle between Microsoft and Salesforce for corporate AI spending is heating up, as evidenced by a competing set of AI agent announcements.
Italy Has Doubts About Starlink Deal
The Starlink news, combined with falling Tesla sales in Europe and China, demonstrate the damage that Elon Musk's businesses could suffer from his association with President Trump.
UK Clears Microsoft’s Investment in OpenAI
Microsoft has “material influence” over the startup but not “de facto control,” meaning that the deal isn’t subject to the country’s merger rules, the UK said.
YouTube Premium and Music Surpass 125 Million Subscribers
YouTube also announced that it is expanding its cheaper ad-free subscription service, called Premium Lite, in the U.S. and some overseas markets.
Trump Calls For End of $52 Billion Chip Subsidy Program
Trump supports increasing domestic chip production in the U.S. but criticizes the chip subsidy program as a way to reach that goal.
Judge Does Not Block OpenAI Conversion in Musk Case
Part of the case could go to trial as early as the fall.
Plaid In Talks for Secondary Share Sale at $6 Billion Valuation
The valuation would be a decline from the $13.4 billion price at which the company last raised money in 2021.
ByteDance Hikes Share Price in Latest Employee Buyback
The TikTok owner has been increasing its share price by about 5% to 6% for the last year, as its plans to go public remain indefinitely on hold.
Google Asks Justice Department To Drop Breakup Push
The Department of Justice last year called for Google to be forced to sell its Chrome browser and possibly its Android mobile operating system.
CoreWeave to buy Weights & Biases for $1.7 Billion
The deal to diversify its customers comes as CoreWeave prepares an IPO.
Amazon Web Services Forms New AI Agent Group
“Agentic AI has the potential to be the next multi-billion dollar business for AWS,” AWS CEO Matt Garman wrote in a memo The Information has viewed.
Anthropic Valued at $61.5 Billion
The funding makes the AI startup one of the most valuable private companies in the world.
Ramp Hits $13 Billion Valuation, Topping Pandemic Peak
Buyers included Stripes, GIC, Thrive Capital, Khosla Ventures and General Catalyst.
Stock Selloff Slams Tech Sector
Stocks fell across the board as investors embraced for new tariffs imposed by President Trump on Mexico and Canada.
Microsoft Launches AI Copilot for Health Care Admin Work
The product, Dragon Copilot, will be available in the U.S. and U.K. in May, Microsoft said.
Trump, TSMC Announce $100 Billion Chip Factory Investment in U.S.
The investment includes three new chipmaking plants and two advanced packaging facilities.
Alexis Ohanian Joins Project Liberty’s TikTok Bid
Reddit co-founder Alexis Ohanian signed on as an adviser to billionaire Frank McCourt's bid to buy TikTok's U.S. operations.
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