Snap’s Revenue Grows 14%, Snapchat+ Subscribers Hit 14 Million
The company’s stock surged in after-hours trading.
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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.
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.
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.
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.
By providing your email, you agree to The Information’s Privacy Policy