Walmart-Backed Fintech Scores New Funding, Will Launch Credit Card
The fintech, called One, added installment and credit builder loans this year.
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BuzzFeed Sells ‘Hot Ones’ Maker for $82.5 Million
BuzzFeed said the all-cash deal, combined with the cash it already has on hand, will give it enough money to cover its debt obligations.
WBD Takes a Step Towards Breaking In Two
WBD said creating two separate divisions to house its TV networks on one side and its streaming and studio operations on the other could "create potential opportunities" to unlock value.
Huawei’s Latest Smartphone Chip Still Uses Older Chipmaking Technology
The incremental update to the chip suggests that advancements in China’s chip-making abilities have slowed.
Echo AI, Startup Featured on Takeover List, Sold to Software Provider
Echo AI had been generating revenue from AI software that analyzes customer conversations.
Circle, Binance Enter Partnership to Push for USDC Adoption
Circle’s USDC stablecoins will be more widely available across Binance’s products and services
Stitch Fix Shares Surge After Online Styling Site Boosts Outlook
CEO Matt Baer said the company plans to return to revenue growth by the end of fiscal 2026.
Google Announces Second Generation of Gemini AI Models
Google also announced an update to its AI assistant, a new computer-using agent and a new AI coding assistant.
TikTok Launches E-Commerce in Spain, Ireland
TikTok's latest effort to expand its business in Europe comes as the app is facing a potential ban in the U.S.
Tiger Global’s 2021 Megafund Shows Loss for California Teachers Pension
The report shows that funds have not fully recovered their value from their pandemic-era inceptions.
Trump Names New FTC Chief as Probe of Microsoft-OpenAI Deal Heats Up
While Ferguson is unlikely to be as hawkish as Khan, he has signaled a willingness to scrutinize big tech companies.
GM Stops Development of Cruise Robotaxis
Company to focus on developing autonomous and advanced driver safety technology for future models
Ex-Amazon Executive Dave Clark Eyes Acquisitions
Auger recently hired Alex Ceballos, a former corporate development executive at Amazon who will work on potential acquisitions.
Amazon Tests 15-Minute Delivery in India
The move puts Amazon in competition with other rapid delivery services from companies like SoftBank-backed Swiggy and Walmart's Flipkart.
Suspect in Healthcare CEO’s Killing Has Tech, Ivy League Background
Internet sleuths began scouring Luigi Mangione’s online presence after police arrested him in Pennsylvania on Monday.
Oracle Shares Slump Despite New Meta AI Contract
Oracle's shares dropped after it reported its latest quarterly results, which included a slowdown in a metric representing contracted but unrecognized revenue .
Rupert Murdoch Loses in Attempt to Change Family Trust
Murdoch was in a legal dispute with some of his children over changes to his family trust that would have consolidated power over Fox and News Corp under his eldest son, Lachlan.
Google Announces New Quantum Chip
Many companies, including IBM, Microsoft and Amazon, are trying to build a more powerful computing system based on qubits.
OpenAI Launches Video-Generating Sora Model
The official launch comes nine months after the software was first teased in February.
Comcast Gets Rights to Bundle Warner Bros.‘ Max in the U.S. and U.K.
Comcast's Sky will bundle Warner Bros. Discovery's Max once the streaming service finally launches in the U.K. in early 2026.
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.
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