Amazon and the NBA Reportedly Agree to a Streaming Rights Deal
Amazon has reportedly agreed to the framework of a new streaming rights deal for live NBA games. ESPN is also expected to renew its pact with the league.
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Sam Altman and Others Join Homeland Security’s AI Safety Board
The board includes the CEOs of Nvidia, Microsoft and Google parent Alphabet, as well as public officials, civil rights leaders and academics.
Shein to Face Stricter European Rules On Illegal, Counterfeit Items
Shein, which launched in the European Union in August 2023, disclosed that it had an average of 108 million monthly active users in the bloc.
Meta’s Vice President of Augmented Reality Research Resigns
Thomas Reardon will leave Meta in May and remain an adviser to Andrew Bosworth, Meta’s chief technology officer, and Alex Himel, Meta’s vice president of AR.
Paramount Global Reportedly Considers Ousting CEO Amid Sales Talks
Paramount Global CEO Bob Bakish could be replaced by an interim "Office of the CEO" as the company continues to explore a sale.
Adyen Revenue Rises 21% on North America Strength
Payments volume surged at the Stripe rival.
Intel Shares Slump on Lackluster Outlook
AI chip sales rise but not as fast as its core PC chips
Musk Subpoenas Ex-OpenAI Board Member Toner
Toner has until May 21 to comply with the subpoena, which is part of Musk’s lawsuit alleging that OpenAI violated its founding mission.
Atlassian Co-CEO Will Step Down
Co-CEO Mike Cannon-Brookes will continue to lead the company as its sole chief.
Snap Stock Jumps After Company Reports 21% Revenue Growth
The company said subscribers for its Snapchat+ subscription service have reached 9 million.
Alphabet Shares Soar After Dividend Announcement, Strong Revenue
Alphabet's shares rose as much as 13% in after-hours trading after the company reported 15% higher revenues and said it would begin paying a dividend.
Microsoft Revenue Grows 17% as AI Copilot Sales Kick In
Growth also slightly accelerated in the business unit that includes Microsoft’s Azure cloud computing service.
Stripe to Add Crypto Payments for Merchants
Merchants will be able to accept Circle’s USDC stablecoin
Temu Parent Discloses U.S. Trade Rule, Forced Labor Law Risks
The Information reported in February that some U.S. members of Congress had called for Temu itself to be placed on a list of violators of the UFLPA.
NBCUniversal Reduces Losses at Peacock
Peacock's continued heavy losses make it something of an outlier in the entertainment industry, as other companies have sharply reduced their streaming losses.
Rubrik Prices IPO at $32 a Share, Above Expected Range
The pricing is a sign of strong demand for a closely watched software IPO.
Apple Releases Small, Open-Source AI Models for On-Device Applications
Apple's new models are significantly smaller than other open-source releases from big tech rivals.
IBM to Buy Hashicorp for $6.4 Billion
HashiCorp went public in late 2021 at an IPO price of $80, but lately it has traded as low as $21, amid heavy losses.
Meta’s Revenue Rises 27% in the First Quarter
The company forecast slower revenue growth in the second quarter and increased its expected capital expenditures for 2024.
ServiceNow Reports 24% Revenue Growth
CEO Bill McDermott said the company's new generative AI tool is “undeniably the most successful new product we have launched."
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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