Users of xAI’s Grok Report Outages
CEO Elon Musk has installed new leadership at xAI in recent weeks and ordered the team to find ways to cut spending.
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Meta Memo Confirms Plans to Cut 10% of Staff
The company said it’s making the cuts in part to offset its investments.
OpenAI Releases ‘Spud’ GPT-5.5 Model
The company said that the new model showed improvement in coding, financial modeling and scientific research compared to prior models.
Microsoft Offers Voluntary Retirement Buyouts for Some Employees
Microsoft has been trying to reduce costs as it nears the end of its current fiscal year in June.
Tesla Discloses $2 Billion Deal for Unnamed AI Hardware Company
Tesla made no mention of the deal in its first-quarter 2026 results presentation on Wednesday or on an earnings call with CEO Elon Musk and other executives
WBD Shareholders Approve Paramount Purchase
Paramount is offering $31 a share in cash. A year ago WBD shares were trading around $8.
Netflix Authorizes New $25 Billion Stock Buyback
Netflix shares have fallen 13% in the past week, since its first quarter results disappointed investors.
Nvidia Has Not Sold Any H200 Chips to China, Lutnick Says
The commerce secretary said the Chinese government is focused on the domestic chip industry.
Tencent, Alibaba in Talks to Invest in DeepSeek at $20 billion-Plus Valuation
DeepSeek will most likely raise funding from Chinese investors, making Tencent and Alibaba ideal candidates.
OpenAI in Talks to Invest Up to $1.5 Billion in Private Equity Joint Venture
The joint venture will be valued at $10 billion
Tesla Revenue Grew 16% in First Quarter
As the electric vehicle business has stagnated over the past couple of years, CEO Elon Musk has refocused the company on the Optimus humanoid robot and its nascent Robotaxi service.
ServiceNow Stock Craters As Armis Acquisition Creates Profit ‘Headwinds’
ServiceNow said strong AI efficiencies would help it normalize margins in 2027.
Microsoft Names New LinkedIn CEO
Former LinkedIn CEO Ryan Roslansky will oversee Microsoft’s core Office 365 apps.
Crypto Billionaire sues Trump-backed Crypto Firm Over Alleged Extortion
Justin Sun on Tuesday sued World Liberty Financial, the crypto venture co-founded by President Donald Trump and his family.
Google Announces New TPUs for Training and Inference
The rise of inference-specific chips is driven by the boom in AI agents, which take more computing power.
Tencent Launches Global Version of Its OpenClaw-based AI Agent
The international expansion of Tencent’s QClaw will test global users’ appetite for new OpenClaw-based agents.
Anthropic Investigates Unauthorized Mythos Use
The usage undermines Anthropic’s cybersecurity strategy.
SpaceX Says it Can Buy Cursor for $60 Billion Later This Year
SpaceX said Tuesday it has agreed to a potential acquisition of AI coding startup Cursor for $60 billion.
Microsoft Cuts Xbox Game Subscription Price 23%
At the same time, Microsoft said new Call of Duty games will only be available to Game Pass subscribers about a year after their release.
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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