ByteDance Plans Share Buyback at $330 Billion Valuation
The firm’s revenue is on par with Meta Platforms, but its valuation is much lower than Meta’s due in part to the threat of a TikTok ban.
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Recent Editions
Snowflake Shares Jump as AI Helps Boost Sales in Q2
Snowflake is taking a measured approach in getting its customers to use AI in conjunction with the data they store in its database, and that seems to be working.
Nvidia Projects Strong Revenue Growth, Says U.S. Wants 15% Cut of China Sales
The company expects at least $3 trillion in AI infrastructure spending globally by the end of the decade.
Vast Data Aims to Go Public Second Half of 2026 or Later
Vast's customers include Elon Musk-run businesses xAI and Tesla and its bookings grew around 300% to nearly $800 million in the 12 months that ended Jan. 31
SpaceX Aces Tenth Test Launch of Starship Rocket
The Mars rocket had suffered a series of setbacks during previous test launches.
Anthropic to Settle Copyright Suit
The settlement would allow Anthropic to duck potentially billions in damages.
Fanatics Taps Jeremi Gorman to Lead Ads Business
The digital sports firm is launching an ad vertical
Trump Media Group Plans $6.4 Billion Deal to Buy Crypto.com Tokens
Crypto.com was a major donor for President Donald Trump.
Trump Says Meta’s Louisiana AI Data Center to Cost $50 Billion
When Meta announced the Louisiana data center in December of last year, it said it would invest more than $10 billion into the project.
Apple Will Hold iPhone 17 Unveiling On September 9th
A slimmer iPhone is expected at the event.
Silicon Valley Figures Launch Political Super PACs
The group says it will promote promote policies that "unlock the transformative and economic benefits of AI."
PDD Holdings Reports Continued Growth Slowdown
Temu’s parent company has seen profits dip as it invests in its supply chain.
Saudi Arabia’s Humain Releases Arabic-Language Chatbot
The Humain Chat app is the first major software product from Humain, which has the backing of Saudi Arabia’s Public Investment Fund
Elon Musk’s xAI Sues Apple and OpenAI for Hurting AI Competition
The suit accuses the companies of working together to steer users toward OpenAI’s ChatGPT at the expense of competitors like xAI's Grok.
Klaviyo Restructures R&D Teams, Emphasizes AI and Technical Skills
The marketing software firm has been trying to beef up its AI capabilities.
Elon Musk’s xAI Dropped Public Benefit Corporation Status
The registration would have required xAI to disclose information about its environmental and social impact.
EU Ramps Up Effort for Digital Euro
Passage of stablecoin law in U.S. pushes EU to consider public blockchains for a digital currency
Trump Says U.S. Will Take 10% of Intel
The government is using funds Intel was expected to receive as part of the Chips Act.
Meta and AI Startup Midjourney Announce Partnership
Meta in recent months has pursued acquisitions, partnerships and licensing deals with other startups working on AI-generated video.
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