New Intel CEO’s Turnaround Plan Includes Layoffs, Fewer Meetings
Lip-Bu Tan, who took over as Intel CEO last month, is hitting the ground running with a broad-ranging plan to turn around the beleaguered chip firm.
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Feds Exempt Autonomous Vehicle Developers from Federal Safety Standards
The move is one part of Transportation Secretary Sean Duffy’s new national framework for autonomous vehicles, which will continue to mandate crash reporting.
Apple Re-Assigns Robotics Division
John Ternus will oversee the robotics team, replacing AI chief John Giannandrea.
Fed Withdraws Crypto Guidance in Industry-Friendly Pivot
All three federal banking regulators rescinded Biden-era crypto guidance, marking a win to the industry.
Alphabet Revenue Growth Steady Even as Search Revenue Growth Slows
Alphabet’s revenue grew 12% year-over-year in the first quarter of 2025, equal to its growth in the previous quarter, as growth in Google’s Search and Cloud businesses slowed slightly.
Deel Partner in Crypto Effort is Sued by Rival
Deel, frustrated it was falling behind, teamed with a crypto compliance firm to catch up. That company, LiquiFi, was later accused of using stolen data to speed the project.
Harvard Seeks to Sell $1 Billion in Private-Equity Fund Stakes
University is raising cash amid threats from Washington to cut funding and end tax-exempt status
Motorola and Perplexity Announce App Distribution Deal
With the deal, Perplexity is following in the footsteps of Google, which has long struck deals to preinstall its apps on phones to increase distribution for its apps.
Tesla Sales Fell 45% in Europe in Q1
The slump came despite an uptick in overall electric vehicle adoption and a surge in hybrid vehicles which are now the dominant vehicle across EU nations.
Chomps Announces Credit Line to Expand Manufacturing
The snack brand expects to hit $1 billion in retail sales this year.
Comcast’s Peacock Slashes Losses on Higher Revenue
Comcast said it had not yet seen any impact from the current economic uncertainty on either its advertising or theme park businesses.
Uber and Volkswagen’s Autonomous Mobility Subsidiary Ink Robotaxi Deal
The ridehailing platform will offer autonomous rides in Los Angeles in 2026
Lyft to Offer Traditional Taxi Rides in U.S.
Uber, its main rival, inked a deal with yellow cabs in New York City in 2022
Discord Co-Founder Jason Citron Steps Down as CEO
Citron, who co-founded the communications app in 2015, will stay on its board of directors
ServiceNow Tops Revenue Expectations; Shares Jump
The company said internal AI tools were helping to keep profitability in check.
Tesla Starts Testing Robotaxi Service With Employees
In a video post, Tesla showed employees riding with a human behind the wheel as it looks to debut the service in Austin in June.
Perplexity Says Google Deals Hindered Distribution
DuckDuckGo CEO Gabriel Weinberg also testified about how the government’s proposed remedies could benefit his company’s search engine.
Tether, Softbank, Cantor Launch Bitcoin Investing Vehicle
Twenty One Capital, a new entity, will raise additional capital to buy bitcoin.
Neuralink Raising $500 Million at $8.5 Billion Valuation
The brain-computer interface company wants to sell implantable devices that could help people, including those who are paralyzed, control computers directly from their brain.
Google’s Gemini User Numbers Revealed in Court
Google's Gemini badly lags OpenAI's ChatGPT and, at least last fall, Meta Platforms.
Weekday mornings
The Information AM by The Information Staff
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