General Atlantic Cash Distributions Fall to Five-Year Low
The investment firm, known for backing Airbnb and Uber, blames a frigid market for IPOs.
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Recent Editions
Zoox Working on ‘Concierge’ Robotaxi App
The Amazon-owned company just received Nevada’s approval to accept paying customers.
SoftBank Notches First Profitable Year Since 2020
The company continues to invest heavily in AI, including Stargate and OpenAI.
Chime Shows Faster Revenue Growth in IPO Filing
The additional growth was in part due to Chime's launch of a pay-day advance product it launched last year called MyPay.
OpenAI to Announce Stargate Data Center in UAE
The ChatGPT makers wants to expand its business in other parts of the world.
YouTube to Stream NFL Game in Brazil for Free
The new deal expands YouTube's relationship with the NFL, which has been seeking to grow its popularity overseas by partnering with global streaming services.
Federal Regulators Expand Tesla Probe to Robotaxis
Elon Musk has repeatedly told investors the service will launch in June. Regulators want a response from Tesla by June 19.
Nvidia, AMD Announce AI Chip Deals With Saudi Arabia
The announcements come as President Donald Trump and U.S. tech leaders visit the country this week seeking to strike deals with Saudi investors.
Microsoft to Cut 3% of Staff, Targeting Middle Management
The layoffs are not related to performance and are meant to reduce the number of managers, Microsoft said.
New ESPN Streaming Service Will Cost $30 Per Month
The service, which will also be called ESPN, will bring the sports network's entire portfolio of TV channels and live sports to streaming.
VMG Partners Raises New $1 Billion Consumer Fund
The investment firm’s recent wins include K18 haircare and sparkling water brand Spindrift.
Trump Slashes Tariffs on Low-Value Parcels from China
The trade war ceasefire could potentially revive e-commerce marketplaces like Shein, Temu and Amazon Haul
House Committee Proposes Decade Ban on State AI Laws
Tech companies have supported the measure, but the federal government has demonstrated little appetite to pass its own AI laws.
Google Developing Software AI Agent, Pinterest-Like Feature
Google will host its annual developer conference, I/O, next week.
CrowdStrike CEO Gives Away 92% of Voting Power
Kurt’z gifts triggered a clause that transferred all of CrowdStrike’s supervoting stock, which previously gave him and other executives more voting power.
Coinbase to Join S&P 500
Shares of Coinbase surged more than 8% post-market after the announcement.
Amazon to Use FedEx For Some Large Packages
Large items in particular are expensive for the company to handle itself, since they don’t fit into its standard delivery network and are often handled by separate teams within Amazon.
Aurora Cofounder Sterling Anderson Joins General Motors as Chief Product Officer
Anderson worked on Tesla Autopilot before founding the autonomous trucking company in 2016
Perplexity Discusses Fundraising at $14 Billion Valuation
The firm has had discussions with Accel for the financing.
Trump Crypto Advisor Raises $710 Million for Bitcoin Investing Firm
Shares of healthcare firm KindlyMD, which will start buying bitcoin, surged.
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