Palantir’s Shares Soar on Strong Q4 Results and Upbeat Projection
The firm, which sells data analytics tools, saw 36% revenue growth in the fourth quarter, contributing to 29% overall expansion in 2024.
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Trump Says New U.S. Sovereign Wealth Fund Could Buy TikTok
President Donald Trump signed an executive order on Monday to create a sovereign wealth fund for the U.S., which he indicated could own part of TikTok.
SoftBank Says It Will Buy $3 Billion Worth of OpenAI Products Annually
SoftBank and OpenAI are also establishing a joint venture to market OpenAI tools to companies in Japan.
TikTok Litigation Chief Leaves
The departure follows TikTok’s loss of a legal battle to block a federal law that bans the app unless it rids itself of Chinese ownership.
Elon Musk says Regulations Should be ‘Default Gone’
The billionaire laid out plans for DOGE in an X Spaces conversation.
Shein Returns to India via Partnership with Reliance
Reliance launched a new fashion retail site under Shein’s branding.
Trump Tariffs Will End Trade Loophole Used by Shein and Temu
Small parcels imported from China will no longer be exempted from import duties while having to pay additional tariffs.
ChatGPT Subscribers Nearly Tripled; OpenAI Discusses Open Sourcing Models
ChatGPT subscribers nearly tripled from 5.8 million to 15.5 million over the course of 2024.
Texas Governor Bans Deepseek AI on State-Issued Devices
The move, which follows a Congressional ban on Deepseek usage earlier this week, shows how U.S. authorities are responding to its rapid adoption.
Early Google Employee Who Negotiated Apple Search Deal Has Departed
The deal became the centerpiece of the Justice Department’s antitrust case against Google.
Open-Source AI Startup Zyphra Targets $1 Billion Valuation
The U.S. startup develops models that compete with DeepSeek
Meta Explores Reincorporating Business in Texas
The move follows the playbook of Elon Musk, who reincorporated several of his companies in states outside of Delaware.
Mark Zuckerberg Details Smart-Glass Sales Figures for 2024
Zuckerberg is predicting that the trajectory of the smart-glass category will become clearer in 2025.
Kraken’s Revenue More Than Doubled in 2024
Crypto exchange says 2024 revenue was $1.5 billion.
Apple Requests a Pause to Google Search Antitrust Penalty Trial
The judge last year ruled that a contract between the companies to make Google Search the default search engine of Apple’s Safari browser was illegal.
Blackstone ‘Very Closely’ Watching DeekSeep’s Impact On Data Centers
DeepSeek R1 and similar models may also require less computing power to develop.
Google Offers Voluntary Buyouts to Android, Chrome, Pixel Employees
The move comes nine months after Google combined the teams under executive Rick Osterloh, giving him oversight of more than 20,000 employees globally.
General Catalyst Seeks Buyers of its Holding Company
Petershill Partners previously announced the sale of its stake in General Catalyst
Intel Revenue Fell 7% But Cost Cuts Trimmed Losses
Intel Co-CEO David Zinsner is optimistic about his company's relationship with the Trump administration, and the company's quarterly results soothed investors.
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The Information AM by The Information Staff
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