PDD Shares Fall As Sales Slowdown Continues
The Temu parent company previously warned of competition and “ongoing external challenges” affecting sales.
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Recent Editions
DOJ Asks Judge to Make Google Sell Chrome and Possibly Android Too
A judicial ruling in favor of any of the DOJ requests could reshape Google’s business and the search industry writ large.
Anthropic CEO Says AI Gains Aren’t Slowing Down
Anthropic is riding high from the success of its models for coding tasks
The Trade Desk Launches Smart TV Operating System
The advertising giant plans to sell software to TV device makers.
Nvidia Forecasts 70% Quarterly Growth as AI Boom Continues
Nvidia shares fell 2% in after-hours trading, though they have tripled so far this year.
Snowflake Raises Product Sales Forecast, Shares Jump 19%
Snowflake confirms its multi-year partnership with AI startup Anthropic while also raising its full-year product revenue forecast.
DCG Founder Barry Silbert to Lead New AI Subsidiary as CEO
Grayscale parent DCG deepens bet in decentralized AI through new company Yuma.
Comcast Plans to Spin Off NBCUniversal’s Cable TV Channels
The new venture will include cable TV channels such as MSNBC, CNBC and USA and could pave the way for more consolidation in the declining cable-TV industry.
Trump Taps Howard Lutnick as Commerce Chief
Cantor Fitzgerald CEO passed over for coveted treasury role.
Microsoft Inks Deal With HarperCollins to Use Books for AI Training
Microsoft is reportedly planning to use nonfiction books to train a new AI model that has not yet been released.
Walmart Reports 27% E-Commerce Revenue Growth
E-commerce sales accounted for 18% of overall sales, implying online sales revenue of $30.5 billion.
Apple Has Started to Sell Its Own Ads on Apple News
Apple has been pitching various sponsorships and video and banner ad units as its deal with NBCUniversal, which handled ad sales for Apple News, expires.
Meta Creates Group to Build AI Tools for Businesses
Clara Shih, formerly CEO of Salesforce AI, will lead the new group.
Microsoft Debuts $349 Cloud Desktop PC; New Business AI Features
Customers will need a Windows 365 subscription to use the device.
Trump’s Social Media Group in Talks to Buy Crypto Platform Bakkt
Bakkt, a spinoff of Intercontinental Exchange, has been exploring options.
Justice Department Will Reportedly Push Google to Sell Chrome
The Department of Justice will ask a federal judge to force Google to sell its Chrome browser to address its illegal search monopoly.
Software Firm ServiceTitan Files for IPO
The company, which sells software for tradespeople, grew its revenue by 31% to $614 million in fiscal 2024, but lost money overall.
Warner Bros. and NBA Resolve Legal Dispute, Sign New Media Deal
The new deal gives Warner Bros. Discovery rights to NBA games in some overseas markets. It is also licensing its popular studio show "Inside the NBA" to ESPN.
Goldman to Spin Off Digital Assets Platform to Drive Adoption
The bank is also seeking to resume its bitcoin-backed lending activities.
Sam Altman to Co-Chair New SF Mayor’s Transition Team
Mayor-elect Daniel Lurie has said he wants to renew the city's ties with the tech elite.
Weekday mornings
The Information AM by The Information Staff
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