Instagram Head Testifies in Meta Antitrust Case
Mosseri’s testimony comes after Instagram co-founder Kevin Systrom claimed in court last month that Meta had deprived Instagram of resources.
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The Information AM
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Recent Editions
Coinbase to Buy Crypto Options Exchange Deribit for $2.9 Billion
Deribit is the world’s largest trading platform for bitcoin and ether options.
Gates to Intensify Philanthropy While Ending Foundation
The billionaire has already redefined modern giving and could do it again.
Shopify Forecasts Slower Revenue and Profit Growth, Shares Fall
Executives said the company hasn’t yet seen a major impact from higher U.S. tariffs.
Warner Bros. Streaming Growth Felled by Declines in TV
WBD's revenues fell 10% in the first quarter, driven by ongoing declines in TV distribution and advertising revenue. Meanwhile, its streaming segment grew 8%.
OpenAI Hires Instacart CEO For Major Leadership Role
OpenAI CEO Sam Altman will continue overseeing research and infrastructure teams that are core to AI development.
Google Cuts Staff in Global Business Organization
Over the past 18 months, Google has made a series of job cuts across the company, often at the scale of “hundreds” of job cuts.
BNY Head of Digital Assets Caroline Butler Departs
BNY, State Street are among big banks building digital assets-related services.
AppLovin Posts Strong Ad Growth
The advertising company’s business and stock have been on a tear since late last year, when the company began pivoting into ecommerce advertising.
Trump to Rescind Biden’s Global AI Chip Restrictions
Critics of the rules, including Nvidia, said they might encourage foreign companies or governments to use chips made by U.S. adversaries.
OpenAI to Build Data Centers For Other AI Developers Outside U.S.
The move is notable because OpenAI said other companies, not just OpenAI, would use the data center capacity it develops overseas.
Apple ‘Looking At’ Adding AI Search to Safari Browser, Exec Testifies
Apple senior vice president Eddy Cue said that he believed that AI search providers would eventually replace traditional search engines like Google
Meta Discussed Adding Facial Recognition to Smart Glasses
If implemented, facial recognition would be part of a feature internally called “super sensing,” where a device keeps its cameras and sensors turned on and uses AI to remember what a user encounters throughout a day.
Uber’s Delivery Business Drives Higher Profits
CEO Dara Khosrowshahi said that Uber's partnership with Waymo in Austin was proving popular.
Disney Reports Ad Revenue Gains Driven by Live Sports
Disney's ESPN reported a 29% year-over-year increase in ad revenue driven by airing more football games. It will unveil a new ESPN streaming service next week.
OpenAI Plans to Slash Revenue Share to Microsoft After Restructuring
OpenAI’s existing deal is to share 20% of its revenue with Microsoft through 2030
Coatue Courts Individual Investors in New Tech Fund
The fund is anchored by $1 billion in initial investment from Jeff Bezos' and Michael Dell's individual family investment offices.
Former OpenAI and Deepmind Leaders Seek Funding For ‘ChatGPT for Material Science'
The startup was founded two months ago and is seeking a valuation above $1 billion.
AMD Reports 36% Revenue Growth
CEO Lisa Su told analysts that one of the “largest frontier [AI] model developers” is using its chips for its “daily inference traffic.”
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