Blockchain Lender Figure Technology Files Confidentially for IPO
Figure, co-founded by Mike Cagney, makes home loans on its blockchain.
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The Information AM
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Recent Editions
Paramount Streaming Chief to Leave Company
Tom Ryan is one of a number of top Paramount executives who are leaving the company as David Ellison prepares to take over the company.
Crypto Exchange Bullish Seeks Up to $4.2 Billion Valuation in IPO
Bullish, which also owns CoinDesk, targets raising up to $629.3 million in its U.S. IPO.
Amazon Restructures Wondery Podcast Unit as Wondery CEO Leaves
Amazon appears to be backing off its expansion into podcasting.
Tesla Board Grants Elon Musk $23.7 Billion Stock Award
Musk has repeatedly said he wants more control over Tesla, up from the approximately 13% of the company he owns currently.
OpenAI’s Tough Path to GPT-5 Points to Slowing AI Gains
The challenges haven't slowed OpenAI's business growth.
Amazon, Meta Platforms Say U.S. Taxes to Drop Due to New Tax Law
The new law allows companies to accelerate their deductions for depreciation on certain property and to immediately expense their domestic R&D spending.
Anthropic Cuts Off OpenAI’s Access to Claude
Anthropic said OpenAI’s use violated Anthropic’s terms of services.
Apple Projects Optimism about AI Future at All Hands
CEO Tim Cook and software chief Craig Federighi took employee questions during the rare hour-long meeting.
OpenAI Raises $8.3 billion, Projects $20 Billion in Annualized Revenue By Year-End
Dragoneer committed $2.8 billion, the largest check outside of lead investor SoftBank.
Tesla Found Partially Liable For Fatal Autopilot Crash
The lawsuit stemmed from a 2019 incident when a driver using Tesla’s Autopilot software blew through an intersection, killing one person and severely injuring another.
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.
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.
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