Scammy Ads Generated an Estimated 10% of Meta’s Revenue in 2024
The company discouraged enforcement of scammers that could undermine revenue, Reuters reported
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Nvidia CEO Warns China Will Win AI Race
Jensen Huang said that looser regulations and lower energy costs are giving China an advantage over western countries when it comes to developing AI.
SoftBank Explored Takeover Of Chip Firm Marvell, Bloomberg Reports
A deal would have been the largest in semiconductor buyout in history.
DoorDash’s Investment Plans Send Stock Falling
DoorDash reported revenue growth accelerated to 27% in the third quarter, thanks to healthy expansion in the dollar value of orders made through the delivery service.
Snap’s Stock Soars On Perplexity Partnership, Revenue Growth
CEO Evan Spiegel said it would put Specs into its own subsidiary
Ripple Raises $500 Million Round Led by Fortress, Citadel Securities
Ripple, valued at $40 billion, is building a crypto conglomerate ranging from stablecoins to trading services.
Apple Finalizing Move to Google’s AI for Siri Revamp
Apple will pay Google $1 billion a year
Amazon Sues Perplexity In Battle Over AI Agent Access
The fight between the two companies is one of the highest-profile conflicts over how AI agents can access websites on behalf of users.
China’s Xpeng Aims to Mass Produce Humanoids by End of 2026
The Chinese Tesla rival also plans to launch robotaxi models and start trial operations next year.
China Bans Foreign AI Chips in State-Funded Data Centres
Data centers less than 30% finished were told to remove overseas-made chips, which will threaten foreign chip suppliers’ China revenue, including Nvidia, AMD and Intel.
Anthropic Projects $70 Billion in Revenue, $17 Billion in Cash Flow in 2028
The company expects to be cash flow positive as soon as 2027, three years earlier than OpenAI projected
Trump Re-Nominates Elon Musk Ally to Lead NASA
Elon Musk nemesis Sean Duffy will continue to lead NASA until Isaacman is confirmed by the Senate.
Exclusive: Humanoid Robotics Startup K-Scale to Shut Down After Exploring Sale to 1X, Bot Co.
The company said it intends to refund deposits for ordered robots.
Pinterest Revenue Grows As It Fends Off Threats From AI, Tariffs
Shares tumbled on narrower guidance next quarter
AMD Projects Much Slower AI Chip Revenue Growth Than Nvidia
Still, AMD gained some traction with major Nvidia customers in recent months.
Amazon Demands That Perplexity Blocks AI Agents From Browsing Its Site
The claims mark an escalation of the tension between AI companies and retailers that want more control over how shoppers access their sites.
BlackRock Fund Manager Kim Says Debt Will Fuel AI Spending
Tech companies including Alphabet and Meta Platforms have raised tens of billions of dollars from bond offerings in recent weeks.
Sequoia’s Botha Passes Top Job to Lin, Grady
Botha steps down after a navigating the firm during the post-pandemic aftermath and the rise of AI.
Google Cloud VP Says AI Pricing Models Will Vary
Google launched an enterprice-focused version of its AI products about a month ago.
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