Ripple Had Offered to Buy Circle
Ripple’s bid to buy Circle for $4 billion to $5 billion was rejected, Bloomberg reports.
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Recent Editions
Exclusive: Tesla’s Head of Battery Architecture Departs
Vineet Mehta is the latest senior battery executive to leave Elon Musk's EV maker as the company pivots away from EVs and to robots and Robotaxis.
Meta’s Revenue Rises 16% in the First Quarter
Meta also increased its estimate for capital expenditures this year to $64 billion to $72 billion.
Microsoft Reports 13% Revenue Growth, Faster Cloud Growth Than Expected
The company’s capital expenditures were $21.4 billion in the most recent quarter, slightly down from $22.3 billion in the quarter prior.
Visa Launches AI Agent Payments Tools
The launch follows a similar release by Mastercard earlier this week.
Meta Delayed Reasoning Version of Llama 4
Meta previously delayed other versions of Llama 4 over performance problems during its development.
Sundar Pichai and Tim Cook Talked About Gemini Deal, Pichai Says
Cook wanted to understand Google’s AI roadmap, Pichai testified, and as part of that the two discussed Google’s plans for distributing Gemini’s app.
Waymo and Toyota Explore Autonomous Car Partnership
The partnership could result in Toyotas in Waymo's fleet of self-driving cars.
Google Security Executive Says Google Can Best Safeguard Chrome
A senior Google executive testified that forcing Google to share data or spin off its Chrome browser, as the Justice Department has proposed, would jeopardize user security.
Snap Shares Fall on Q2 ‘Headwinds’
Snapchat grew revenue, but couldn’t provide second-quarter guidance due to macroeconomic uncertainty.
Thrive Capital Launches Vehicle to Buy and Hold Businesses
Venture firms, such as General Catalyst and 8VC, have pursued a similar strategy of investing services that usually don't get VC backing.
UPS to Cut 20,000 Jobs as Amazon Deal Shrinks
The cuts, which represent about 4% of UPS’s workforce, are part of a plan to respond to lower volumes from its largest customer.
Meta Announces Llama API at Developer Conference
The API could help Meta more effectively sell its artificial intelligence models to business customers, after Llama has struggled to gain traction on cloud services.
Mastercard Announces Tools to Manage AI Agent Payments Risks
The tools will verify agents are authorized to make purchases on users’ behalf.
Meta Release Standalone App for Meta AI Assistant
Meta converted its Meta View smartphone app, which people used to manage their Ray-Ban smart glasses, into a more general app for the assistant.
White House Slams Amazon After Report it Will Highlight Tariff Costs
President Donald Trump’s press secretary called it a “hostile and political act by Amazon."
Spotify Lifts Revenue 15% Despite Soft Ad Pricing
The quarter shows how the music streaming-and-podcasting firm has benefited from raising prices on its premium subscription offering.
Alibaba Launches New Generation of Open-Source AI Models
Like DeepSeek, Alibaba could further disrupt the global market with more affordable alternatives to proprietary AI models.
Amazon’s First Project Kuiper Satellites Launch
The launch is a key step in Amazon’s launch of a satellite internet service.
Wall Street Banks Offload Last Of Twitter Debt
A group of Wall Street banks sold the final tranches of debt it lent Elon Musk in 2022 for his takeover of Twitter, now called X.
Weekday mornings
The Information AM by The Information Staff
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