U.S. Toughens Rules For Chip Design Software Sales to China
The U.S. Commerce Department has informed major chip design software vendors about new regulations governing sales to China.
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Elon Musk Leaving the Trump Administration
Musk’s tenure in government faced backlash from voters and federal workers.
Salesforce Raises Revenue Forecast, Targets Small- and Medium-Sized Firms
Salesforce has built its software empire by selling to the world's largest companies, but now it sees small- and medium-sized companies as a key to growth.
Elon Musk Tried to Derail Sam Altman’s Middle East AI Deal
Musk was reportedly angered when the OpenAI CEO was included in the president’s Middle East trip in May.
Nvidia Says New China Controls Will Cost it $8 Billion in Q2
Even so, Nvidia projected $45 billion in revenue for the second quarter, which would still be a 50% increase from the same period last year.
Tesla To Launch Robotaxi Service June 12 in Austin
Tesla conducted the first test with no one in the driver’s seat this week.
Data Analytics Startup dbt Labs Unveils New Product, Licensing Option
Dbt Labs, backed by Sequoia Capital and Andreessen Horowitz, was valued at $4.2 after a funding round in 2022 and is now targeting bigger enterprise deals.
Shein Weighs Hong Kong IPO After London Efforts Stall
The fast-fashion company has been waiting for approval from Chinese securities regulators.
Netflix Co-founder Reed Hastings Joins Anthropic’s Board
Hastings will join the four existing directors on Anthropic's board.
Elon Musk’s xAI Enters $300 Million Deal With Telegram
The deal expands Grok’s distribution to Telegram’s more than one billion users.
Instacart Names Chief Business Officer Rogers as New CEO
Chris Rogers has been with Instacart since 2019, and previously spent 11 years at Apple.
Meta’s Antitrust Trial Ends
If the government prevails in the case, Meta could be forced to sell Instagram, WhatsApp or both apps.
New Texas Law Requires Apple and Google To Verify the Age of Users
Apple CEO Tim Cook had personally lobbied against the bill.
Musk raised $600 million for Neuralink following third implant
The brain-computer interface company implanted its third chip last month into the brain of an Arizona man with ALS.
Apple Said It Blocked $2 Billion in App Store Fraud Last Year
The company promoted its efforts to crackdown on fraud at a time when a legal ruling has allowed more app developers to push transactions outside the App Store.
Trump Media Company Raises $2.5 Billion to Invest in Bitcoin
Deal follows other public companies raising cash to buy bitcoin but adds to conflicts in president's crypto efforts.
Meta Overhauls Generative AI Group
Meta has split its generative AI group in two: one team to oversee its AI research and another to handle its consumer AI products. The reorganization comes after months of challenges for the group.
Temu Parent PDD Growth Slows, Profits Plunge Amid U.S.-China War
PDD, which doesn’t break out Temu’s financials, said overall revenue grew 10% to $13.3 billion in the first quarter, the slowest growth in three years.
Salesforce to Buy Informatica For $8 Billion
The acquisition is the first big deal struck by Salesforce since it bought Slack in 2021 for $28 billion.
OpenAI to Open Office in South Korea
South Korea represents the second-largest source of paid subscribers to ChatGPT, outside the U.S.
Weekday mornings
The Information AM by The Information Staff
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