Nvidia to Supply Samsung With 50,000 GPUs
The deal, worth potentially hundreds of millions of dollars, was announced during Nvidia CEO Jensen Huang's trip to South Korea this week.
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Globalstar Has Discussed a Potential Sale with SpaceX, Others
A deal with SpaceX would further consolidate the company’s power in satellite-based internet services.
Apple Forecasts Strong Holiday Growth on iPhone 17 Demand
Services continues to be the company’s faster growing division
Nvidia Said to Plan $1 Billion Investment in Poolside
Poolside recently announced plans to build an AI data center.
Coinbase Rises After Revenue Jumps 55%
The biggest U.S. exchange is riding on a trading boom and going on an acquisition spree.
AWS Growth Picks Back Up, Boosting Shares 10%
While AWS’s cloud business is much larger than rivals Microsoft and Google’s, it has been under pressure to speed up growth.
Bending Spoons Raises $3.1 billion in Debt and Equity
The borrowing will cover both the cost of the AOL deal and give the company money to pursue further acqusitions.
NBCUniversal’s Peacock Reports Flat Subscribers, Lower Revenue
Executives said that excluding the impact of the Olympics, Peacock's revenue rose.
Meta Plans to Sell At Least $25 Billion of Bonds
Meta has received orders for about $125 billion for the sale.
Travel Software Firm Navan Falls on Opening Day of Trading
It’s the largest company to go through with a public listing during the government shutdown.
SpaceX Says It’s Considering Changes to Moon Mission Plan After NASA Chief’s Criticism
SpaceX has suffered from delays to its Starship launch vehicle that acting NASA administrator Sean Duffy said prompted the agency to open up bids to rivals.
Core Scientific Investors Vote Down $9 Billion Sale to CoreWeave
The deal would have given CoreWeave data centers consuming 1.3 gigawatts of power, allowing it to own the facilities housing its chips.
China’s Tencent Invests in AI Agent Genspark
Tencent is also an investor in Manus, an AI agent that competes with Genspark.
YouTube Announces Voluntary Buyouts for Employees
Mohan also announced a reorganization that combines YouTube’s product teams into three umbrella organizations.
Meta Shares Sink on 32% Growth in Costs
Meta said it expected “notably larger” dollar growth in capital expenditures and "significantly faster" percentage growth in total expenses next year.
Microsoft Revenue Growth Stays Flat in Third Quarter Despite Cloud Boost From OpenAI
Microsoft’s capital expenditures rose as it continues to spend heavily on data centers, but gross margins stayed flat.
Google Cloud Boosted Alphabet Revenue Growth, Profits in Third Quarter
The company also said its Gemini chatbot growth was surging.
Troubled Sheertex Tights Maker Weighs Potential Sale, CEO Steps Down
Founder Katherine Homuth left the company earlier this year as part of a deal to secure lifeline financing for the company.
Morgan Stanley Buys EquityZen To Extend Reach to Private Markets
The deal reflects the increasing appetite of Wall Street to invest in privately held companies.
Nvidia’s Market Capitalization Passes $5 Trillion
Nvidia is $1 trillion more valuable than the next-most valuable company, Microsoft.
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