Arm Shares Fall 7% on Revenue Forecast
If Arm achieved the high end of its full year guidance range, it would represent revenue growth of around 26%.
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Airbnb Forecasts Slowing Growth After Profit Doubles
It joins several consumer apps to predict a slowdown in the second quarter.
Instacart Shows Slight Improvement in Revenue and Profits
Instacart said its performance in the quarter was partly seasonal, "as more customers typically turn to our service in times of inclement weather."
Apple’s iPad Ad Draws Heavy Criticism
Paul Graham said Steve Jobs wouldn't have allowed the ad to go out.
Microsoft Announces New $3.3 Billion AI Data Center in Wisconsin
President Joe Biden will travel to the site of the data center Wednesday afternoon.
Uber Stock Falls After Company Projects Slower 2Q Growth
The quarter showed that the ride hailing business is growing more strongly than food delivery.
NY Times’ Digital Ad Revenues Grow Again in First Quarter
Digital subscriptions are growing at a higher rate than advertising, although the Times projected stronger ad growth in the second quarter.
U.S. Prosecutors Investigating Tesla for Securities and Wire Fraud Over Self-Driving Claims
The Department of Justice is reportedly looking into whether Tesla misled investors and consumers.
Shopify Shares Fall On Projected Revenue Slowdown
The e-commerce software maker has refocused on winning larger customers after selling its logistics business last year.
U.S. Revokes Licenses for Qualcomm, Intel to Supply Chips to Huawei
The move comes after Huawei launched a new A.I.-enabled laptop, which used Intel processors, and amid criticism from some U.S. lawmakers and officials.
Lyft Reports Sharply Higher Growth Rate
The results suggest that changes made by CEO David Risher, who took the reins of Lyft last year from its co founders, are paying off.
BigCommerce Reportedly Hires Bankers to Explore Potential Sale
The e-commerce software company has struggled to compete with larger firms like Shopify.
Newly-Public Reddit Reports Bumper Q1
Reddit reported 48% higher revenue on a big increase in users, sending its stock soaring.
Apple Unveils New iPads Using AI Chip
At an online event, Apple emphasized the capabilities of its M4 chip.
OpenAI Developing Tool For Content Creators to Exclude Works from Training Data
The announcement follows a number of copyright infringement lawsuits from publishers and artists against OpenAI and Microsoft.
TikTok Sues Over Potential U.S. Ban
TikTok filed a lawsuit against the U.S. government over a new law that forces a sale or ban of the app.
Security Startup Wiz Raises $1 Billion at $12 Billion Valuation
The new funding makes Wiz one of the highest-valued security startups.
OpenAI and IAC’s Dotdash Meredith Strike Licensing Agreement
As part of the deal, OpenAI's ChatGPT will feature Dotdash Meredith content and links in relevant responses.
Disney Slashes Streaming Losses
The company even showed a profit in the streaming segment that excludes its ESPN+ streaming service.
OpenAI Considers Postponing Product Event This Week
OpenAI was expected to share product updates with attendees, as well as show demos in-person from its San Francisco office.
Weekday mornings
The Information AM by The Information Staff
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