PayPal Applies to Become a Bank for Small Business Lending
The bank will originate small business loans and offer interest-bearing savings accounts.
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The Information AM
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Recent Editions
Roomba Maker Files for Bankruptcy
IRobot announced that its main contract manufacturer will acquire its assets.
Tesla Stock Jumps After Elon Musk Says It’s Testing Driverless Robotaxi
Tesla currently offers rides to customers in two cities, though all customer rides in both regions currently have operators inside vehicles that can intervene if self-driving software malfunctions.
Former Shopify Executive Joins OpenAI to Lead ChatGPT Apps Efforts
OpenAI has taken early steps to make ChatGPT the default way its users interact with other apps.
Trump Administration Launches ‘Tech Force’ Recruitment Drive
Companies including OpenAI, Meta and xAI have signed on to be involved.
Exclusive: OpenAI Hires an Executive from Google to Lead M&A
OpenAI sees acquisitions as an important source of future growth.
ServiceNow Shares Dropped 10% on Armis Acquisition Report
The enterprise software giant is looking to enhance its ability in IT and security.
Teardown Shows Huawei’s Progress and Limit in its Latest Chip
Huawei’s latest smartphone chip Kirin 9030 shows progress in China’s chip industry, but it remains generations behind, TechInsights report showed.
Oracle Strikes $150 Billion of Data Center Leases in November Quarter
Oracle's disclosure shows it is preparing to handle the flood of new cloud business it has struck in the past year.
Agnelli Family Rejects Tether’s Juventus Offer
The Agnelli family said it had no intention of selling any of its stake in Juventus.
OpenAI Ends Six Month Initial Vesting Period for Employee Equity
Competition for AI talent is as intense as ever, with the top tier of AI researchers able to jump around between big companies and startups.
ServiceNow Reportedly Close to $7 Billion Purchase of Armis
Armis works with big companies such as United Airlines and Colgate Palmolive.
SpaceX Tells Staff of IPO Plans
The CFO's memo is the latest indication of SpaceX's IPO plans.
Cryptocurrency Company Tether Bids For Italian Soccer Club Juventus
The large stablecoin issuer made the unsolicited offer to buy Exor’s roughly 65% stake in the club.
Shares of Rick Perry-Founded AI Data Center Firm Plunge After Tenant Walks Away
The firm’s shares fell more than 40% on the disclosure.
Elon Musk’s X Revenue Reportedly Jumped 17% in Third Quarter
The vast majority of revenue at X still comes from advertising, though Musk is trying to diversify the business by selling premium subscriptions and getting into payments.
Oracle’s Data Centers For OpenAI Are Reportedly Delayed
Oracle shares fell 5% Friday morning.
Livestream Shopping App Whatnot Nears $1 Billion in 2025 Revenue
The six-year-old startup raised over $500 million in new funding this year, boosting its valuation to $11.5 billion.
Trump Issues Executive Order to Block State AI Regulation
The move has proved to be politically divisive.
China Considers Record $70 Billion Chip Incentive Program
The proposed program could significantly exceed what the U.S. offered to its semiconductor sector through the Chips and Science Act.
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