Payments Firm Fiserv’s Stock Collapses 45% After 2025 Outlook Slashed
Fiserv CEO said the original growth assumptions were too optimistic.
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Etsy Replaces CEO As It Continues Push To Revive Growth
Longtime executive Kruti Patel Goyal previously ran Depop, a much faster-growing piece of Etsy’s business.
Cursor Co-Founder Departs
In only three years, Anysphere has become one the hottest AI startups around.
Musk Suit Against OpenAI Can Proceed Despite Restructuring
State attorneys general already approved the restructuring, which could be hard to reverse.
Uber and Nvidia Target 100,000 Self-Driving Cars
Car companies said they plan to use Nvidia’s new self-driving technology.
Nvidia Has Received More Than $500 Billion in Orders Through 2026
Nvidia also announced technology for simulating factories and quantum computing, and a $1 billion investment in Nokia.
Adobe Lets Customers Power its Apps With Google’s Latest AI Models
Adobe and Google have expanded an existing partnership to let Adobe customers power apps like Photoshop with Google's latest AI models.
OpenAI Recapitalizes as Public Benefit Corporation
The restructuring paves the way for the company to eventually go public
BlackRock-Backed Securitize to Go Public at $1.25 Billion Valuation
Securitize will merge with Cantor Fitzgerald’s special purpose acquisition firm.
Livestream Shopping App Whatnot Boosts Valuation to $11.5 Billion
The company was previously valued at $5 billion in a January funding round.
Apple Supplier Skyworks Solutions to Buy Rival Qorvo for $10.6 Billion
Both companies are facing a slowdown in the smartphone sector and increased competition.
Microsoft Gets 27% Stake in OpenAI, Access to Models Through 2032
Microsoft will give up its right of first refusal over OpenAI’s compute contracts.
Amazon Announces Plans to Cut 14,000 Corporate Roles
The cuts continue a push by CEO Andy Jassy to reduce bureaucracy at the e-commerce giant.
Chinese EV Maker Seres Seeks $1.7 Billion in Hong Kong Listing
The listing comes amid Hong Kong’s market rally this year driven by a surge in EV makers and other tech stocks.
Education Tech Firm Chegg Lays Off 45% of Staff as AI Woes Continue
Chegg, which has become a kind of poster child for AI's ability to render some businesses redundant, is cutting staff after deciding against a sale.
Forge Global Said to Explore Sale
Its stock fell 90% since the company went public via a blank check merger in 2021.
Qualcomm Shares Soar On AI Chip Deal With Saudi Arabia
Qualcomm and Humain said they would build data centers containing the new chips starting next year.
Amazon Prepares To Cut As Many As 30,000 Corporate Jobs
The cuts would mark Amazon’s largest layoffs since late 2022.
China’s MiniMax Launches New Open-Source AI Model
The startup, last valued at $4 billion, is beefing up its model lineup as it prepares for a Hong Kong listing.
Andreessen Horowitz’s Midha Forms New Venture
Midha previously ran Andreessen’s effort to supply startups with access to Nvidia graphics processing units.
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