General Catalyst Seeks Buyers of its Holding Company
Petershill Partners previously announced the sale of its stake in General Catalyst
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Recent Editions
Intel Revenue Fell 7% But Cost Cuts Trimmed Losses
Intel Co-CEO David Zinsner is optimistic about his company's relationship with the Trump administration, and the company's quarterly results soothed investors.
Kraken Reintroduces Staking to U.S. Customers
Crypto exchange halted U.S. staking service in 2023 under SEC settlement.
Apple Reports Drop in iPhone Sales in Q4, Likely Due to China
Market research firms had earlier reported that Apple's market share in China fell sharply in the fourth quarter. Apple reported China revenue shrank 11% in the quarter.
Mark Zuckerberg Hosts Employee Q&A amid Internal Tumult
The company restricted employee comments on a live feed of the meeting.
OpenAI in Talks With SoftBank For Funding at $300 Billion Valuation
The valuation is more than double what investors led by Thrive valued the ChatGPT maker late last year.
Banks Tell Investors X Made $1.2 Billion in Ebitda in 2024
While the Ebitda figure appears healthy, X's interest costs on its debt is likely steep.
DOJ Moves to Block HPE’s $14 Billion Juniper Networks Acquisition
Hewlett Packard Enterprise and Juniper's battle in wireless networking has helped drive down costs for customers, and the DOJ wants to keep it that way.
Amazon’s UPS Volume to Drop by More Than Half, UPS Says
While Amazon has long been UPS’s largest customer, UPS has said for years that it’s trying to move away from lower-margin large contracts.
Comcast Execs Hint at Price Increases for Peacock Ahead of NBA Games
NBCUniversal's Peacock ended 2024 with 36 million subscribers. It also reduced losses by nearly $1 billion in all of 2024, according to NBCU parent Comcast.
SoftBank in Talks to Invest up to $25 Billion in OpenAI
The potential new investment is part of SoftBank's broader partnership with OpenAI as the two companies lead the Stargate data center project in the U.S.
Tesla Shares Rise After Musk Promises Paid Driverless Cars by June
Comments mark the first time the Tesla CEO has offered a firm timeline
Trump Considers Restricting Nvidia Sales to China
The rules could target an Nvidia chip, H20, designed for the Chinese market.
Coinbase Adds Trump Campaign Manager Among Advisers
Crypto exchange also adds Bill Dudley, former NY Fed president, to its advisory council.
Meta’s Revenue Rises 21% in the Fourth Quarter
The company projected a sharp slowdown in revenue growth for the first quarter, to between 8% and 15%.
Western Digital Grows Revenue By 41% On Demand From Cloud Customers
The data storage hardware company made $2.3 billion in sales from cloud computing providers, a 119% year-over-year increase.
Microsoft Reports Slowing Revenue Growth But Says AI Sales Are Climbing Fast
Microsoft said its AI products are on track to exceed $13 billion in annualized sales in the current quarter, up from less than $10 billion three months ago.
OpenAI Believes DeepSeek Was Developed Using OpenAI Models
OpenAI believes the process was done through model distillation, a common approach to develop capable models for cheap.
Joe Lonsdale’s 8VC Targets Nearly $1 Billion for New Fund
8VC filed paperwork indicating plans to raise $998 million for its next venture capital fund.
Meta Considers Testing Chinese AI Models In Its Generative AI Tools for Advertisers
Company leaders including Clara Shih, vice president of business AI, have said Meta is considering testing the Chinese AI models because of their high performance.
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.
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