Perplexity Says It’s Made a Bid to Buy Google’s Chrome Browser
The AI search company said it offered $34.5 billion for the browser
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Circle Revenue Jumps 53%, Unveils Blockchain Plan
Shares of stablecoin issuer jumped after its first earnings report since IPO.
Elon Musk Threatens to Sue Apple Because OpenAI’s App Outranks xAI’s
Musk said that it's "impossible for any AI company besides OpenAI to reach #1 in the App Store."
Trump Praises Intel CEO After Calling for His Resignation
The president changed his tone after meeting Lip-Bu Tan.
Judge Denies Anthropic’s Request to Stay Copyright Case
The case could cost Anthropic billions of dollars in damages.
StubHub Renews IPO Effort as Sales Slow
Ticketing platform StubHub is giving an initial public offering another go, and will have to explain lumpy business results to prospective investors.
Crypto Exchange Bullish Seeks Up to $990 Million in Upsized IPO
Bullish, which also owns news outlet CoinDesk, is the next major crypto IPO following Circle’s.
Trump says he is Open to Allowing Nvidia to Sell Advanced AI Chip to China
Trump made the comments Monday as he confirmed reports of a separate deal with Nvidia and AMD.
$150 Million Company Raising $1.5 Billion to Buy Trump’s Crypto Token
Trump family crypto venture World Liberty serves as lead investor in the stock.
CEO of Microsoft-Owned GitHub to Step Down
The move comes after Microsoft placed GitHub under the purview of Jay Parikh, a former Meta executive overseeing Microsoft's AI agents business.
Paramount Announces $7.7 Billion Deal With UFC
In David Ellison's first major move after taking control of Paramount, the company has signed an exclusive licensing deal to air UFC events in the U.S.
Nvidia, AMD Agree to Share China Revenue With U.S.
The chip makers will pay the U.S. 15% from chip sales in China to exchange for export licenses.
Intel CEO Set to Meet With Trump
The president had previously demanded that Intel CEO Lip-Bu Tan resign over China ties.
Chime Stock Slides On Weak Sales Growth Outlook
The fintech firm projected slower growth for the year in its first quarterly earnings report as a public company.
Intel CEO Responds After Trump Calls on Him to Resign
Trump's call for Tan to step down followed Sen. Tom Cotton sending a letter to Intel’s board chairman earlier this week, expressing concern about Tan’s ties to China.
The Trade Desk Stock Tanks on Slower Growth, Amazon Threat
Advertising technology firm also undermined by tariffs, slowdown in streaming
Altman says OpenAI to Lose Money for a While
Altman said OpenAI should keep investing in training computing capacity, which means running at a loss.
Meta Acquires AI Audio Startup WaveForms
The acquisition comes as Meta continues to overhaul its efforts in AI, after stumbles earlier this year.
Tesla to Disband Dojo Supercomputer Team as Leader Departs
The team had been building supercomputers powered by in-house chips that would help train its vehicles’ self-driving software.
Ripple Buys Stablecoin Payment Startup Rail for $200 Million
Rail offers stablecoin-based payments for businesses and fintechs.
Weekday mornings
The Information AM by The Information Staff
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