Tesla’s Market Share in California Falls Below 50%
The California New Car Dealers Association attributed the downturn to Tesla’s “aging product lineup and backlash against Elon Musk’s political initiatives.”
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Crypto Exchange OKX Launches in U.S. After DOJ Settlement
OKX, a global crypto giant founded by Star Xu, will compete with Coinbase in the U.S. market.
U.S. Startup Funding Hits Highest Level Since 2021
For the second straight quarter, investments in artificial intelligence startups made up more than half of total funding.
Meta Attempted Negotiations to Settle Antitrust Lawsuit
Mark Zuckerberg last month offered to pay $450 million to settle an antitrust case brought by the FTC—far less than the $30 billion demanded by the agency.
Design Software Maker Figma Files Confidentially for IPO
Even after its $20 billion sale to Adobe fell apart in late 2023, Figma's business has continued to thrive and its products remain popular with designers.
Nvidia to Take a $5.5 Billion Charge After U.S. Restricts Its Chip Sales to China
Nvidia’s disclosure comes after a week of whiplash for the firm in D.C.
Shein and Temu Announce Plans To Increase Prices
The China-founded online bargain sellers are the latest merchants to warn of price hikes in response to U.S. trade changes.
Musk Rejected Senior Executives’ Analysis That Robotaxi Would Be a Bust
Inside Tesla, Musk's lieutenants wanted to build the Model 2 which their analysis said would be a hit. Musk said no.
Activist Investor Elliott Takes $1.5 Billion Stake in HPE
HPE shares traded more than 4% higher Tuesday.
Temu Slashes Google, Meta Ad Spending as Tariffs Bite
Heavy ad spending from Temu and its fellow China-founded rival, Shein, has buoyed digital ad revenue for Meta and Google and driven up costs for other advertisers.
OpenAI Develops X-Like Social Feature in ChatGPT
The feature could help people discover what they can do with the chatbot.
Chinese AI Startup Zhipu Targets IPO as Soon as This Year
Backed by Alibaba and Tencent, the company could become the first Chinese AI model developer to go public.
NATO, Palantir Strike Deal on Warfighting AI
Palantir stock rose 4.6% after the announcement Monday.
Autonomous Truck Company Kodiak Robotics to Go Public via SPAC
The company, which burned $20 million last quarter, will get an influx of cash from the deal.
OpenAI Releases New Models for Software Developers
The new models perform better in areas like coding, academic knowledge and following instructions compared to OpenAI's previously-released GPT-4o.
Zuckerberg Sees Facebook’s Decline Major Threat to Meta
Zuckerberg in 2022 suggested wiping out friend lists on Facebook to freshen it up, noting it was a "potentially crazy idea."
Nvidia Says it Will Manufacture Some Chips, Supercomputers in US
The announcement comes after President Donald Trump said he will announce a tariff rate for semiconductors in the coming week.
FTC Kicks Off Meta Antitrust Trial
Meta argued that it faces competition in social media, citing TikTok, YouTube and other apps as competitors.
Intel Sells Control of Altera Chip Unit to Silver Lake
The value put on Altera in the deal is about half of what Intel paid to buy the chip company in 2015.
Weekday mornings
The Information AM by The Information Staff
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