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.
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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."
TikTok Halts Rewards Program Following EU Probe
TikTok suspended the rewards program of its new TikTok Lite app in Europe after regulator concerns.
TikTok Executives to Staff: Stay Focused Amid Ban Threat
Executives told staff that the way TikTok would fail would be by not continuing to grow its platform.
DOJ Seeks Three-Year Sentence for Binance Founder Zhao
Lawyers for Changpeng Zhao argue he should get probation instead
Weekday mornings
The Information AM by The Information Staff
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By providing your email, you agree to The Information’s Privacy Policy