Second Google Antitrust Trial Begins
A federal judge in Virginia on Monday heard opening statements in the U.S. government’s antitrust case against Google’s advertising technology business.
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Shopify Adds PayPal as Payment Processor in the U.S.
The deal is a big win for PayPal, though Shopify says Stripe remains its primary payment processor.
X Hires New Global Head of Marketing
X, formerly known as Twitter, has hired Angela Zepeda, a former CMO of automaker Hyundai.
Oracle Data Center Revenue Accelerates, Thanks to AI Business
The database pioneer’s cloud server rental revenue rose 45% to $2.2 billion in the quarter ending Aug. 31 compared to the same period a year ago.
Apple Shows Off AI-Powered iPhones, Watch
At an event, Apple played up the abilities of Apple Intelligence.
Musk’s AI Startup Has Discussed Tesla Deal
The potential deal would be the latest connection within Elon Musk's corporate empire.
Palantir, Dell Join S&P 500 Index as AI Revenue Boosts Their Shares
The move will buoy shares of both companies as inclusion in the index makes them part of more people's passive investments.
Launch of New Rocket From Bezos’ Blue Origin Delayed
After a decision by NASA, the first launch of Blue Origin’s New Glenn rocket is planned for November instead of October.
Qualcomm Said to Consider Buying Intel’s PC Design Business
A bruising second quarter for Intel could set the conditions for a sell-off.
U.K. Objects to Google’s Ad Practices
The UK Competition and Markets Authority alleged that Google is using anti-competitive practices to advantage its own ad exchange.
Google Antitrust Punishment May Not Be Decided Until August 2025
Federal antitrust lawyers will have plenty of time to propose punishments such as forcing Google-parent Alphabet to carve off businesses.
TPG In Talks To Buy Stake in Resale Site Vinted
The potential deal would be notable in an otherwise slow consumer sector.
Salesforce to Buy Data Management Firm ‘Own’ for $1.9 Billion
It’s Salesforce’s second acquisition this week, showing how CEO Marc Benioff may be changing his playbook after pledging to slow down deals last year following pressure from activist investors.
OnlyFans Revenue Jumped 20% in 2023
Unlike other creator economy startups, OnlyFans’ business has continued to boom post pandemic.
Broadcom CEO: Tech Giants’ Shift Toward Custom AI Chips Will Accelerate
Broadcom, which helps tech giants like Google and Meta Platforms design custom AI chips, could benefit from the trend.
Trump Says He’ll Appoint Musk to Lead an Audit of Federal Spending
Tesla CEO has become a vocal supporter of the former president
Billionaire Larry Ellison Will Control Paramount After Skydance Deal Closes
Ellison will control 77.5% of Paramount Global after his son's deal to buy Paramount's current owner and merge Paramount with his Skydance studio closes.
Nvidia Backs Applied Digital, a GPU Data Center and Cloud Startup
Nvidia has also backed CoreWeave, a larger startup that also rents access to its GPUs.
Shares of AI Software Firm C3.ai Drop 17% Despite Stronger Revenue Growth Projection
In response to a question about “lumpy” subscription revenue, CEO Tom Siebel said it would fluctuate between 10% to 20% of total revenue for a while.
Elon Musk’s X Launches New TV App
X hopes to revive its deteriorating advertising business with a new streaming app featuring videos from sports leagues, creators and others.
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.
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