Coinbase Says SEC is Set to Dismiss Lawsuit
The dismissal will be Coinbase’s first concrete win under the Trump administration.
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ESPN and Major League Baseball Opt Out of Media Deal
ESPN is paying MLB $550 million per year in the current rights deal, which will now end after this upcoming season.
Celsius To Acquire Alani Nu for $1.65 Billion
Energy drinks and other beverages that promise benefits to shoppers have surged in popularity.
Banks Push U.S. Regulators to Rescind Crypto Guidance
A letter from bank lobbying groups shows banks don’t want to be left behind in crypto.
Ryan Cohen Ups Stake in Alibaba to $1 Billion
Cohen, who founded pet food delivery firm Chewy.com, has become an activist investor in recent years and gained a large following among retail investors.
FTC Launches Inquiry Into Tech ‘Censorship'
The agency is now seeking comments from the public.
Klaviyo Expands to Customer Support Features
The launch marks a significant expansion for the marketing software company, which went public in 2023.
YouTube Testing a Cheaper Ad-Free Version
YouTube said it's testing a new YouTube Premium tier with "most videos ad-free." The price is unclear, though YouTube Premium currently costs $13.99 per month.
Kleiner Perkins to Back Coding Assistant Startup at $3 Billion Valuation
Founded in 2021, Codeium has also raised capital from General Catalyst and Greenoaks.
TikTok Cuts Staff from Global Trust and Safety Operation
TikTok’s CEO hinted at the possibility of cuts last week during an all-hands meeting for parent company ByteDance.
SEC Allows First Interest-Bearing Stablecoin
Crypto startup Figure Markets launches YLDS stablecoin that pays interest.
Musk’s X Pressures Advertisers to Spend More
A lawyer for X recently spoke with a lawyer for Interpublic, which is seeking to merge with another large ad agency conglomerate.
Amazon Takes Creative Control of James Bond Franchise
Amazon MGM Studios has formed a new joint venture with Barbara Broccoli and Michael G. Wilson, who have long controlled the franchise after inheriting it from their father.
Alibaba Plans New Reasoning AI Model, “Aggressive” Cloud Investment
Alibaba’s cloud computing business is playing a central role in the Chinese tech giant’s AI strategy.
Apple Unveils New Version of Budget IPhone
The company is using a custom-built modem chip instead of Qualcomm
Electric Truck Maker Nikola Files for Bankruptcy
Founder Trevor Milton was convicted of securities fraud in 2022
Microsoft Announces New Quantum Computing Chip, “Majorana 1”
Microsoft will not make Majorana commercially available for now, but may look to do so in the next five years.
Microsoft Debuts AI Model for Video Game Development
The model is meant to be a tool for game developers, and could one day be used to speed up game development, Microsoft said.
Musk’s X in Talks to Raise Equity at $44 Billion Valuation
If Musk is successful, it would be the latest sign that his closeness to President Trump is enhancing his status with investors.
Binance.US Restores U.S. Dollar Deposits for Users
The crypto exchange found an intermediary to enable bank transfers.
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