Paramount Announces $7.7 Billion Deal With UFC
In David Ellison's first major move after taking control of Paramount, the company has signed an exclusive licensing deal to air UFC events in the U.S.
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Nvidia, AMD Agree to Share China Revenue With U.S.
The chip makers will pay the U.S. 15% from chip sales in China to exchange for export licenses.
Intel CEO Set to Meet With Trump
The president had previously demanded that Intel CEO Lip-Bu Tan resign over China ties.
Chime Stock Slides On Weak Sales Growth Outlook
The fintech firm projected slower growth for the year in its first quarterly earnings report as a public company.
Intel CEO Responds After Trump Calls on Him to Resign
Trump's call for Tan to step down followed Sen. Tom Cotton sending a letter to Intel’s board chairman earlier this week, expressing concern about Tan’s ties to China.
The Trade Desk Stock Tanks on Slower Growth, Amazon Threat
Advertising technology firm also undermined by tariffs, slowdown in streaming
Altman says OpenAI to Lose Money for a While
Altman said OpenAI should keep investing in training computing capacity, which means running at a loss.
Meta Acquires AI Audio Startup WaveForms
The acquisition comes as Meta continues to overhaul its efforts in AI, after stumbles earlier this year.
Tesla to Disband Dojo Supercomputer Team as Leader Departs
The team had been building supercomputers powered by in-house chips that would help train its vehicles’ self-driving software.
Ripple Buys Stablecoin Payment Startup Rail for $200 Million
Rail offers stablecoin-based payments for businesses and fintechs.
Pinterest Grows Ad Revenue 17%
International diversification of revenue helps offset impact of economic volatility
Trump Signs Debanking, Crypto 401(k) Executive Orders
Executive orders aim at stopping banks from withdrawing services from customers for their political or religious beliefs.
Guggenheim Hires Truist Software Analyst In Tech Push
Guggenheim is filling the gap in its tech investment banking practice after some of its senior bankers left for competitors.
OpenAI Pays Bonuses Ranging Up To Millions of Dollars to 1,000 Researchers, Engineers
The bonuses, which are going to about a third of the company, range from the low hundreds of thousands to millions.
Trump Calls on Intel CEO to Resign ‘Immediately’
The president claimed, without evidence, that Intel’s CEO was “highly conflicted.”
WBD’s Second Quarter Shows Growth at Studio and Streaming
Like Comcast's NBCUniversal, Warner Bros. Discovery is splitting off the declining TV channel business.
Ellison’s Skydance Takes Control of Paramount
Ellison now has to figure out what to do with Paramount's older TV channel businesses, which are in decline.
TSMC, South Korean Chipmakers Shares Rise on Trump’s Semiconductor Tariffs
TSMC stands to be exempted from the proposed duties over its manufacturing presence in the U.S.
AppLovin’s Revenue Grows 77% in Second Quarter
The company has taken share from rivals in the business of buying and selling ads on mobile apps
xAI Tools to Run More of X’s Ad Business, Musk Says
xAI's Grok will also evaluate whether ads look good or bad, and X will give greater priority to ads it deems to be more visually pleasing.
Weekday mornings
The Information AM by The Information Staff
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