Disney Reports Sharp Slump in Entertainment Profits
Streaming revenues rose 8%, in line with its growth rate of the previous three quarters, but well below where rival Netflix is growing.
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Tencent President: Hiring More Top-Notch AI Researchers
In China, Tencent has struggled to compete against Alibaba and ByteDance in AI model development.
Alibaba to Revamp Struggling AI Chatbot App
In China, Alibaba’s Tongyi AI chatbot for consumers has much fewer users than rival apps from ByteDance and Tencent.
OpenAI Appeals to Public in Battle over Evidence with New York Times
ChatGPT maker says newspaper’s demand for 20 million chats in copyright lawsuit violates their uses’ privacy
Circle Drops Over Lower Interest Rates, Rising Costs
Circle says it’s exploring launching a token to incentivize the use of its Arc blockchain.
Anthropic To Build Data Centers in Texas, New York
This would be Anthropic's first foray into building data centers itself, a similar approach to that of its competitor OpenAI.
Skims Boosts Valuation to $5 Billion
The apparel brand will use the new funding to help build more brick-and-mortar stores.
Elon Musk’s xAI Loses Second Top Lawyer in Three Months
Lily Lim joined xAI in December 2024 and was promoted to head of legal affairs after xAI’s previous top lawyer, Robert Keele, left the company this August.
Meta’s Yann LeCun Plans Departure
The AI pioneer plans to leave in the coming months to form a new startup.
Amazon Merges Ad Buying Tools and Launches Agents for Advertising
The advertising giant is combining tools that had been typically for smaller merchants and large brands, separately
Shares of AI Cloud Firm CoreWeave Drop as Data Center Delay Tanks Revenue Growth
Investors are sensitive to potential snags involving the highly leveraged firm.
SoftBank Sells Entire Stake in Nvidia for $5.83 Billion
SoftBank is selling some of its shareholders to help finance its massive investment in OpenAI.
Apple Explores Adding Second Camera to Next iPhone Air to Boost Sales
The redesign comes after Apple delayed the release of a next-generation iPhone Air, which was meant to launch in fall 2026.
SoftBank-Backed Travel Startup Klook Files for New York IPO
The filing comes at a time when the U.S. government shutdown has caused delays in New York listings.
Grab to Invest $60 Million in Remote Car Operator Vay
Grab could invest a further $350 million if Vay reaches certain milestones in the next year.
Exclusive: Goldman Sachs Hires Citi’s Josh Li for Tech Job
Banks are preparing for a flurry of tech IPOs in 2026 as the IPO market perked up after a three-year drought.
Tesla Shareholders Divided Over xAI Investment, Filing Shows
Fewer than 40% of shareholders overall supported an xAI investment, though more voted in favor of the proposal than against it.
Two Tesla Manufacturing Executives Leave
The departures come days after Tesla shareholders approved Musk’s new $1 trillion compensation package, which is based in part on rapidly scaling up vehicle production and sales.
Singapore’s Grab Invests in Remote-Driving Startup Vay
The deal will enable Vay, which operates a car rental service in Las Vegas using its remote driving technology, to expand its U.S. operations.
DeepSeek Researcher Warns of AI’s Negative Impact in Rare Public Appearance
DeepSeek, which became a global sensation in January, has kept a low profile and executives have avoided public engagements.
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