DoorDash’s Revenue Growth Lifted By Deliveroo Purchase
DoorDash shares were up 11% in after-hours trading.
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Anthropic Says It’s Buying 100% of Compute From xAI’s Colossus Data Center
SpaceX CEO Elon Musk said he’d agreed to the deal after spending time with the Anthropic team last week and that xAI would continue to train its models at its second data center in Memphis.
Uber Reports Steady Growth in Revenue
Uber CFO Balaji Krishnamurthy said Uber had "re-upped our investment" in AI after underestimating the impact of AI.
China’s National AI Fund in Talks to Invest in DeepSeek
DeepSeek’s first fundraising is now expected to value the firm at more than 300 billion yuan ($44 billion).
AMD Shares Rise 16% As AI Hardware Growth Accelerates
Nvidia may be growing much faster, but AMD's stock has soared this year compared to Nvidia's.
Google in Talks With Blackstone, KKR to Distribute AI Models
The private equity firms would give their portfolio companies access to Google’s models directly.
Meta Is Building an AI Agent Called ‘Hatch’ and an AI Shopping Tool
The efforts are key parts of CEO Mark Zuckerberg’s push to develop new products to deliver returns on Meta’s huge investments in AI.
Brockman Says Elon Musk Does Not Know AI
Musk did not recognize the potential of early versions of ChatGPT, Brockman said.
Google DeepMind Employees Launch Unionization Effort, Citing Military AI Deals
Workers said they were unionizing to end use of their technology by Israel, via the Project Nimbus cloud computing project, and the U.S. military.
PayPal CEO Defends Keeping Venmo, Braintree Amid Sale Questions
PayPal’s main businesses are “stronger together” because they have overlapping customers and technology, CEO argues.
Microsoft Scraps AI Chatbot For Xbox, Shuffles Gaming Leadership
Sharma is trying to win back gamers’ trust and reinvigorate Xbox sales, which fell 5% in the first quarter from a year earlier.
ElevenLabs Hits $500 Million in Annualized Revenue, Adds Nvidia as an Investor
The AI voice startup said Tuesday it had surpassed $500 million in annualized recurring revenue, up from $350 million at the end of last year.
Elon Musk’s Voting Control of SpaceX Jumped to 84%, New Filing Shows
Musk’s equity stake also grew to 42.5% from 41.5% over the same period, FCC documents show.
U.S. Commerce Department Agency to Test Google, Microsoft, xAI Models
The new partnerships with Google, Microsoft and xAI will allow the Commerce Department to assess models before they are publicly available.
Apple Looks to Diversify Chip Manufacturing with Intel and Samsung
Apple has faced chip supply constraints over last two quarters
Shopify Shares Slide on Predicted Revenue Slowdown
The commerce giant said LLM costs had weighed on software margins.
Coinbase to Cut 14% Jobs, Citing Market Conditions and AI
The job cuts will affect about 700 employees and eliminate “pure managers.”
a16z Crypto Raises $2.2 Billion for New Fund
Andreessen Horowitz returned to the market with its first new crypto fund since 2022.
ServiceNow Expects Revenue Will Double to $32 Billion by 2030
The projection assumes that ServiceNow will succeed in its strategy of selling software for managing AI agents in addition to its current role of primarily helping companies track and manage IT issues.
Bank Trade Groups Say Stablecoin Reward Compromise ‘Falls Short’
The surprise statement shows banks are not yet satisfied with current bill language.
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.
By providing your email, you agree to The Information’s Privacy Policy