Tesla Shares Fall 7% As Musk Plans New Political Party
Trump and Musk have traded jabs in recent weeks over Trump’s signature budget bill, which Trump signed into law on Friday.
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Amazon Launches Speedy U.K. Grocery Delivery With Gopuff
The U.K. and Europe have become key battlegrounds for grocery and food delivery companies recently.
CoreWeave to Buy Core Scientific in $9 Billion Deal
CoreWeave has agreed to buy Core Scientific in an all-stock deal worth about $9 billion, in a push to expand its artificial intelligence data center capacity.
U.S. Mulls AI Chip Curbs on Malaysia, Thailand
The move is part of Washington’s broader effort to block China’s access to advanced Nvidia chips.
TikTok Building New Version of App for U.S. Users
The move comes at a time when the Trump administration says it is getting close to an agreement for the sale of TikTok’s U.S. business.
Elon Musk Says He’s Launching His Own Political Party
The announcement follows a fraying of his relationship with Trump.
Trump Says U.S. Will Resume Talks With China on TikTok
Trump has said he's lined up a group to buy the U.S. operations ahead of a deadline to enforce the divest-or-ban law.
TSMC Delays Japan Chip Plant Amid Concerns Over U.S. Tariffs
TSMC is prioritizing the expansion of its U.S. production capacity as the Trump administration threatens to impose tariffs on imported chips.
Apple Considers Launching Public Cloud
The cloud would run on Apple chips and potentially be more efficient than rival clouds in certain areas
YouTube, Trump Having ‘Productive Discussions’ Over Censorship Case
Additional discussions were “anticipated in the near future,” implying that the parties could soon reach a settlement, according to the ruling.
SSI Co-founder Ilya Sutskever Becomes CEO, Addresses Acquisition talks
Safe Superintelligence also confirmed the departure of co-founder and venture capital investor Daniel Gross.
Thoma Bravo Takes Restaurant Software Olo Private in $2 billion deal
The take-private deal comes just four years after Olo went public in 2021. The company’s shares have fallen more than 60% from its IPO price of $25.
U.S. Lifts Chip Design Software Curbs on China
The Trump administration’s decision to lift the restrictions on key software reflects the recent easing of trade tensions with Beijing.
Tesla Halts Robot Parts Purchase Pending Optimus Design Change
The suspension comes after leadership changes at Tesla’s humanoid robot project last month.
Ripple, Other Crypto Firms Seek U.S. Bank Charters, Fed Access
A wave of crypto companies are seeking bank charters and access to the central bank’s payment systems under a friendlier administration.
TikTok Lays Off Staff on U.S. Trust and Safety, Global E-Commerce Teams
Wednesday’s cuts at TikTok Shop were the third round of cuts at the unit since April.
OpenAI and Oracle Sign Another Big Cloud Deal
OpenAI plans to rent an additional 4.5 gigawatts of data center capacity from Oracle in the U.S.
Khosla Ventures Targets Nearly $4 billion in New Funds
Khosla Ventures filed securities paperwork indicating that it is targeting a fundraise of $3.95 billion across three new funds.
Tesla Vehicle Sales Fell 14% in Second Quarter
The drop comes as CEO Elon Musk’s involvement with the Trump administration has turned some consumers against the brand.
Microsoft to Cut 9,000 Jobs in Second Round of Layoffs This Year
The cuts come just months after Microsoft laid off roughly 6,000 employees.
Weekday mornings
The Information AM by The Information Staff
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