Meta’s Revenue Rises 22% in the Second Quarter
The social media giant reported second-quarter profits of $18.3 billion, up 36% from a year earlier.
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Microsoft Reports 18% Revenue Growth Driven by Better-Than-Expected Azure Sales
Microsoft's total capex for the past year was $87.9 billion, exceeding the $80 billion it forecast for that period.
Apple Responds to U.S. Antitrust Case
Apple said the case seeks to degrade the iPhone’s privacy and security benefits
JPMorgan and Coinbase Inked Deal to Connect Bank Accounts and Crypto Wallets
This comes as fintech and crypto companies are clashing with banks over fees accessing customers’ account information.
Amazon to Pay New York Times $20 Million a Year in AI Deal
The deal, first announced in May, is the Times’s first AI licensing deal.
Palo Alto Networks to Acquire CyberArk for $25 Billion
CyberArk sells login software, competing with the likes of Okta and Microsoft.
AI Chipmaker Cerebras Seeks $1 Billion in Funding As IPO Stalls
The potential delay would represent a shift for Cerebras CEO Andrew Feldman, who said in May that the company would aim to go public this year.
Groq Cuts Revenue Projections in Span of a Few Months
A Groq spokesperson said the company shifted some revenue projections to 2026 because of a lack of data center capacity
Palo Alto Networks in Talks to Acquire CyberArk for $20 Billion
The deal would be the latest in a string of acquisitions by Palo Alto Networks.
CFPB To Launch New Open Banking Rule
The move comes after JPMorgan unveiled new data-access fees that threw the fintech industry into turmoil.
Anthropic in Talks to Raise at a $170 Billion Valuation
Iconiq Capital is said to lead the round in the AI model maker
JPMorgan Nears Apple Credit Card Deal To Replace Goldman
JPMorgan is nearing a deal to replace Goldman Sachs as the provider of Apple’s credit card program
DOJ Fires Senior Antitrust Enforcers
The move follows weeks of internal feuding inside the department.
Nvidia Orders More H20 Chips As China Demand Soars
Nvidia reconsidered production plans for the H20, as demand outweighs supply chain obstacles.
Waymo to Offer Rides in Dallas in 2026
Alphabet’s robotaxi company will partner with Avis for the launch
Fireworks AI Discusses $4 Billion Valuation in New Financing
The so-called inference provider has projected $300 million in annualized revenue by year-end.
DTC Retailer Quince Boosts Valuation to $4.5 Billion
The e-commerce startup is raising around $200 million in new funding led by Iconiq.
Sales of Meta’s Ray-Ban Smart Glasses Tripled in the First Half of 2025
Ray-Ban parent company EssilorLuxottica is releasing a new line of Meta smart glasses under another EssilorLuxottica brand, Oakley.
Weekday mornings
The Information AM by The Information Staff
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