Coinbase Posts Third Straight Quarterly Profit as Revenue Doubles
Results driven by higher crypto trading activity as well as subscription and services revenue from a year ago
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Recent Editions
Apple Revenue Rises 5% Despite Weak iPhone Results
Growth in the company’s services and iPad businesses were strong points in the quarter.
Russia Frees Detained WSJ Journalist Evan Gershkovich
The reporter was convicted in an espionage trial last month viewed as a kangaroo court.
OpenAI Invests in AI App for Kids
Heeyo is developing an iOS and Android app to help children learn using AI.
Nvidia Challenger Cerebras Files Confidentially for IPO
The company has previously raised $720 million from investors including Coatue Management, Benchmark and G42, an Abu Dhabi tech conglomerate.
Robotics Startup Covariant Receives Amazon Takeover Interest
Covariant was valued at $625 million in an April 2023 fundraising round and is backed by Temasek and Bill Gates' Cascade Asset Management.
Andreessen Horowitz General Partner Endorses Kamala Harris
The support comes two weeks after Marc Andressen and Ben Horowitz, founders of their self-named firm, came out publicly in support of former president Donald J. Trump.
SEC Charges IRL Founder Abraham Shafi With Fraud
Shafi resigned in April 2023; the company shut down soon after.
More Than 100 Venture Investors Throw Support Behind Harris
The pledge further underscored a divide of among tech investors, a portion of which have loudly supported a second Trump presidency.
Meta’s Revenue Rises 22% in the Second Quarter
The company forecast higher revenue in the third quarter than analysts expected and once again increased its estimate for capital expenditures for 2024.
Cyberattack Prompts Azure Outage, Microsoft Says
Azure’s defense response may have magnified the attack’s impact, said a company status update.
CrowdStrike-Microsoft Outage Cost Delta $500 Million, Airline CEO Says
Delta CEO Ed Bastian said the cybersecurity firm has not offered to help the airline financially.
Nvidia Shares Jump 10% After Microsoft Boosts Data Center Investments
Nvidia shares rose 10% in anticipation it would benefit from the Microsoft moves.
Alibaba to Launch AI-Powered Search Engine for E-Commerce Merchants
The conversational AI tool aims to simplify the traditional manual labor in sourcing products for e-commerce stores.
Microsoft’s Cloud Revenue Growth Slightly Misses Forecast
Microsoft fell slightly short of its forecasted growth in its Azure cloud computing unit, which the company previously said would be boosted by AI.
AMD Projects Higher AI Chip Sales
Nvidia shares are up 115% this year while AMD’s were flat for the year before Tuesday’s report.
Senate Passes Online Child Safety Bill
The Senate on Tuesday voted to pass a landmark piece of social media privacy and safety legislation that aims to protect children from online harm.
AI Search Engine Perplexity to Share Ad Revenue With Publishers
The partnership announcement follows complaints by publishers over Perplexity's use of news articles in its search results.
Pinterest Shares Fall After Revenue Warning
The report follows a revenue growth slowdown at YouTube.
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