Elon Musk Says He’s Launching His Own Political Party
The announcement follows a fraying of his relationship with Trump.
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Trump Says U.S. Will Resume Talks With China on TikTok
Trump has said he's lined up a group to buy the U.S. operations ahead of a deadline to enforce the divest-or-ban law.
TSMC Delays Japan Chip Plant Amid Concerns Over U.S. Tariffs
TSMC is prioritizing the expansion of its U.S. production capacity as the Trump administration threatens to impose tariffs on imported chips.
Apple Considers Launching Public Cloud
The cloud would run on Apple chips and potentially be more efficient than rival clouds in certain areas
YouTube, Trump Having ‘Productive Discussions’ Over Censorship Case
Additional discussions were “anticipated in the near future,” implying that the parties could soon reach a settlement, according to the ruling.
SSI Co-founder Ilya Sutskever Becomes CEO, Addresses Acquisition talks
Safe Superintelligence also confirmed the departure of co-founder and venture capital investor Daniel Gross.
Thoma Bravo Takes Restaurant Software Olo Private in $2 billion deal
The take-private deal comes just four years after Olo went public in 2021. The company’s shares have fallen more than 60% from its IPO price of $25.
U.S. Lifts Chip Design Software Curbs on China
The Trump administration’s decision to lift the restrictions on key software reflects the recent easing of trade tensions with Beijing.
Tesla Halts Robot Parts Purchase Pending Optimus Design Change
The suspension comes after leadership changes at Tesla’s humanoid robot project last month.
Ripple, Other Crypto Firms Seek U.S. Bank Charters, Fed Access
A wave of crypto companies are seeking bank charters and access to the central bank’s payment systems under a friendlier administration.
TikTok Lays Off Staff on U.S. Trust and Safety, Global E-Commerce Teams
Wednesday’s cuts at TikTok Shop were the third round of cuts at the unit since April.
OpenAI and Oracle Sign Another Big Cloud Deal
OpenAI plans to rent an additional 4.5 gigawatts of data center capacity from Oracle in the U.S.
Khosla Ventures Targets Nearly $4 billion in New Funds
Khosla Ventures filed securities paperwork indicating that it is targeting a fundraise of $3.95 billion across three new funds.
Tesla Vehicle Sales Fell 14% in Second Quarter
The drop comes as CEO Elon Musk’s involvement with the Trump administration has turned some consumers against the brand.
Microsoft to Cut 9,000 Jobs in Second Round of Layoffs This Year
The cuts come just months after Microsoft laid off roughly 6,000 employees.
Amazon Has About as Many Robots as Humans in its Warehouses
Workers have become more productive but fewer work in each warehouse.
FTC to Review SoftBank’s Acquisition of Chip Firm Ampere
SoftBank in March said it agreed to pay $6.5 billion in cash to buy Ampere.
Sam Altman Calls Meta Recruiting Efforts ‘Distasteful’
The memo follows Meta’s announcement of its superintelligence team.
Figma IPO Filing Shows High Margins, Founder Control
CEO Dylan Field has 75% of the company’s voting power through supervoting shares
Anthropic Revenue Hits $4 Billion Annual Pace
Plus, two leaders of its new coding product are joining Cursor, a rival product
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