Musk’s Twitter Lenders Sell $5.5 billion Worth of Debt
The debt sale comes more than two years after Musk borrowed $13 billion to help fund his $44 billion buyout of Twitter.
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Uber Warns Strong Dollar Weighs on Demand
The company also wants to buy charging stations for a growing fleet of autonomous vehicles.
Hugging Face Lays Off 4% of Staff
The company's last fundraise in August 2023 valued it at $4.5 billion.
Workday Lays Off 8.5% of Staff
In a statement, CEO Carl Eschenbach said the company would continue hiring in high-priority areas like AI product development.
MicroStrategy Renames to “Strategy”
The software company says the rebrand reflects its embrace of bitcoin.
Disney Posts Another Quarterly Streaming Profit
Disney's streaming profits offset ongoing declines in its traditional entertainment TV business. Disney+, meanwhile, lost about 700,000 global subscribers.
China Considers Antitrust Probe Into Apple’s App Store
The Chinese government has been examining Apple’s practices since last year and could use a potential probe to increase pressure on the U.S.
Google Ends Its Promise Not to Use AI for Weapons, Surveillance
Google’s sale of cloud computing to Israel’s military has been the source of employee protests over the past year.
U.S. Postal Service Suspends Inbound Parcels from China, Hong Kong
USPS’s move came after President Trump revoked the‘“de minimis” allowance on imports from China.
Cruise Lays off 50% of Staff After GM Buyout
GM had invested $10 billion into the autonomous vehicle company since 2016
Judge Hearing Musk’s OpenAI Suits Says Unlikely to Grant Temporary Halt
The judge stressed that Musk’s lawyers face a high hurdle in asking her to block OpenAI’s conversion to a for-profit.
AMD Shares Drop 9% As GPU Sales Growth Remains Murky
AMD, the second-largest provider of graphics processing units for training and running AI software, still has a long way to go to catch up with Nvidia.
Andreessen Horowitz Hires Daniel Penny as Investing Partner
The hiring of Penny follows a highly polarized trial and further aligns Andreessen Horowitz with right-leaning causes.
Google Revenue Growth Slows Slightly, Shares Fall 7% as Investors Await AI Boost
Despite not showing a business boost from generative artificial intelligence, the company said capital expenditures for data centers and other property would rise 44% to $75 billion in 2025.
U.S. Senate Pushes Stablecoin Bill as First Crypto Priority
Republican Senator Bill Hagerty introduced a bill to regulate stablecoins.
Snap’s Revenue Grows 14%, Snapchat+ Subscribers Hit 14 Million
The company’s stock surged in after-hours trading.
General Catalyst, Mubadala Buy $300 Million in Deel Shares
The sale valued the startup, which provides payroll and human resources services, at around $12 billion.
Meta Shakes up its Generative AI, Messenger and Facebook Units
The company has been making several organizational changes in recent weeks.
Spotify Reports First Year of Profitability
Ad revenue growth slows against backdrop of subscriber growth
China Opens Probe Into Google and Imposes New Tariffs Against U.S.
Beijing’s move is largely symbolic given that Google doesn’t have significant operations in the country.
Weekday mornings
The Information AM by The Information Staff
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