Nvidia, Alphabet in Talks to Invest in Storage Startup Vast Data
Vast Data, founded in 2016, is getting attention for its speedy cloud storage and database products, which are tailor-made for AI applications.
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Vast Data In Talks to Raise Funds from Nvidia, CapitalG
The New York-based company’s revenue has gotten a lift from the growing demands for AI computing needs and applications.
Meta Seeks Video AI Deal
Meta executives have spoken to AI startups Pika, Higgsfield and Runway.
Salesforce, ServiceNow Invest $1.5 Billion in Contact Center Firm Genesys
Both companies have previously invested in Genesys, and the new funding reflects the strategic value of audio and call transcripts for AI projects.
Confluent Shares Drop 33% Amid Cloud Spending Fears
Confluent's cloud business is facing questions after the company acknowledged that some large customers are spending at a slower pace than in the past.
Apple Sales Surge with iPhone Boom
With Trump’s tariffs, consumers are worried about price hikes
Coinbase Sees Drop in Trading Revenue, Misses Profits Estimates
Shares of Coinbase fell by more than 6% in post-market trading as lower trading volume weighed on its revenue.
Paramount’s Q2 Streaming Revenue Offset Decline in TV
Paramount, which will close its sale to David Ellison's Skydance on August 7, saw streaming ad revenue drop 4%.
AWS Growth Holds Steady As Azure, Google Cloud Surge
Amazon also forecast that operating income could dip in the current quarter.
Google Loses Appeal in Epic Games Monopoly Case
The ruling on Thursday adds to a year of antitrust losses for Google.
CoreWeave Raises $2.6 Billion in Debt for OpenAI Agreement
CoreWeave entered the public markets in March with about $8 billion in debt and has raised billions more since
Shein Boosts First Quarter Revenue to Nearly $10 Billion
The fast-fashion giant also lifted its profit margins to around 5%.
Tesla Launches Ride-Hailing Service in San Francisco With Safety Drivers
Tesla is lagging behind Alphabet’s Waymo, which already operates without safety drivers in several U.S. metropolitan areas including San Francisco.
Microsoft Surpasses $4 Trillion Market Cap as AI Business Booms
Microsoft is the second company in history to achieve the milestone, following Nvidia, which crossed $4 trillion in market capitalization earlier this month.
Peacock Subscribers Remain Flat as NBCUniversal’s TV Ad Revenue Declines
Subscription and ad revenue growth for Comcast's Peacock streaming service was unable to offset ongoing declines in NBCUniversal's traditional TV ad business.
Klarna To Revive IPO as Soon as September
Klarna filed for its IPO in March and was seeking to raise at least $1 billion, but paused its efforts following an April market selloff.
UK Antitrust Regulator Says Microsoft, AWS Harm Competition in Cloud
The regulator said it would determine whether to impose remedies on AWS and Microsoft next year.
China Summons Nvidia Over Security Risks of H20 Chips
Nvidia’s business in China has come under scrutiny from both Washington and Beijing.
OpenAI Revenue Hits $12 Billion Annualized Pace
As use grows, the startup has also increased its projections for cash burn.
Figma Notches $19 Billion IPO Valuation
Figma priced its IPO at $33 a share on Wednesday, giving it a $19.3 billion valuation on a fully-diluted basis, and making it one of the most valuable company backed heavily by venture capitalists to go public in years.
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