Xbox Plans Layoffs as Revenue, Profit Margins Decline
Xbox CEO Asha Sharma told staff that the unit's profit margins have fallen to 3% this fiscal year.
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Oracle Reports Mixed Quarter as Cloud Growth is Offset By Software Weakness
Oracle's AI data center revenue nearly doubled in the quarter to $5.8 billion, although capital expenditures to pay for AI data center expansion also rose sharply.
Anthropic Proposes Public Fund for Giving Americans Stakes in AI Companies
Trump repeated on Wednesday that he plans to meet with AI companies over the government taking equity stakes.
OpenAI Launches New ChatGPT Ads Featuring Specific Products
OpenAI has been launching different kinds of ads as it tries to catch up to ad giants Meta and Google.
Exclusive: OpenAI Preps New AI Model, Expects To Go Public ‘Within the Next Year’
Factors like the need for capital to buy compute and reaching self-improving AI could affect the IPO timeline, Altman said.
German Court Rules Google is Responsible for AI Overviews Errors
The court said search engine operators are not typically responsible for website links but AI Overviews "are independent statements made by [Google's] own tool."
Kalshi Asks Some Customers For Employer Information
Kalshi is asking customers in some wagers to provide the name of their employer, industry and job function before making bets.
Broadcom to Help Finance Anthropic, OpenAI Chip Deals With Apollo, Blackstone
Apollo will lead an initial $35 billion commitment to launch the fund, alongside participation from Blackstone.
SpaceX’s Starlink Regulatory Approval in India Said to Stall Over Iran War
As the world’s most populous country with relatively underdeveloped internet infrastructure, India is a huge potential market for Starlink.
U.S. Accuses Alibaba, Baidu, Others of Aiding Chinese Military in Blacklist Move
Several of the companies disputed the Pentagon’s claims and vowed to take legal action.
OpenAI Confidentially Files IPO Paperwork, Plans Separate Employee Share Sale
OpenAI said on Monday that it has filed draft paperwork for an initial public offering with the Securities and Exchange Commission.
Bending Spoons Files to Go Public
Bending Spoons has acquired a string of aging U.S. internet businesses and wants to buy more.
Nvidia, SK Hynix Sign Multi-Year Deal for Next-gen AI Memory
The deal underscores how advanced memory has become one of the biggest bottlenecks in Nvidia’s push to sell more AI chips.
Top White House AI Advisor to Leave Post
Sriram Krishnan will leave the Trump Administration at the end of June.
Trump Targets Meeting With AI Companies to Discuss Financial Partnerships
Trump added his plan would allow the American public to share the benefits of AI.
Semiconductor Stocks Lead Friday’s Market Selloff
Amid a broader market slump, three chip companies—Marvell, Micron and Arm—fell furthest.
JPM, Citi, Other Banks Plan Tokenized Deposit Network
The Clearing House plans to offer clearing and settlement of tokenized deposits between banks.
Google Agrees to Pay SpaceX $920 Million Monthly for Compute Access
SpaceX has been renting out compute capacity to other AI companies as its own model development efforts, via xAI, have faltered.
Exclusive: Tesla Pushes Roadster Demo to August
It’s the latest delay for the unveiling of Tesla’s first vehicle debut in nearly two years.
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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