Societe Generale Launches Stablecoin Pegged to the Dollar
The French bank becomes the first major bank to issue a dollar-pegged stablecoin.
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The Information AM
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Recent Editions
OpenAI to Rent Chips From Google Cloud Despite AI Rivalry
The move isn’t completely unexpected, given that OpenAI has been desperate to expand its compute capacity and has inked deals with several other cloud providers.
Blue Origin Delays Second New Glenn Launch
Government officials eager for an alternative to SpaceX will likely have to wait for more progress
China’s MiniMax to Release Open-Source AI Reasoning Model
The move by one of China’s most highly valued startups could further intensify competition in the global open-source AI market.
Paramount CFO Naveen Chopra Exits Company
Paramount, which is still seeking regulatory approval for its sale to David Ellison's Skydance, said CFO Naveen Chopra is leaving to pursue other opportunities.
Disney to Pay Comcast $438.7 Million to Complete Hulu Purchase
A complex appraisal process between Disney and Comcast to determine the value of the latter's 33% stake in Hulu has been completed.
Apple Announces Smaller AI Upgrades and New Software Design
An improved Siri still isn’t available from the company
Warner Bros. Discovery to Split Into Two Companies
WBD plans to separate its Warner Bros. film and TV studios and HBO businesses from its cable networks including CNN, TNT and Discovery.
Meta in Talks for Multibillion-Dollar Investment in Scale AI
The investment could exceed $10 billion in value.
Tesla’s Optimus Humanoid Leader Leaves Company
Shift comes as Tesla's artificial intelligence is due for a key test in Austin
Walmart to Expand Wing Drone Deliveries to 100 Stores
Walmart said it has made more than 150,000 drone deliveries since 2021.
Crypto Exchange Gemini Announces Confidential IPO Filing
Circle’s successful IPO paves the way for other crypto firms to go public.
Trump Plans to Extend TikTok Deadline For Third Time
President Trump is planning to sign another executive order extending the deadline to enforce a law to ban or force a sale of TikTok in the U.S.
Microsoft, OpenAI Ask Court to Dismiss Musk’s RICO Claims
Musk’s lawyers amended the claims last month.
Indonesia Mulls Stake in Possible Deal Between Grab and GoTo
The discussions about Singaporean tech giant Grab’s potential $7 billion deal with Indonesia’s GoTo could face hurdles because of regulators’ concerns.
Alibaba Expands Cloud Computing Footprint in Indonesia
Alibaba Cloud is working with the digital payments unit of Indonesia’s GoTo as the Chinese cloud provider seeks more overseas opportunities.
Anysphere, Startup Behind Cursor, Hits $500 Million in Annualized Revenue
The San Francisco-based startup has also finalized its latest fundraising round.
Trump and Musk Divorce in Ugly Social Media Feud
Musk threatened to immediately decommission the Dragon spacecraft, which NASA relies on to ferry astronauts to the International Space Station.
Circle Shares Soar 180% in Blockbuster IPO
Stablecoin issuer valued more than $17 billion in first day trading.
Apple’s China AI Partnership With Alibaba Faces Delays
Beijing’s regulator still hasn’t approved the plan amid President Trump’s trade war against China.
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