Card Startup Brex Raises $150 Million
The startup was already well-financed, but its customers are struggling as the economy contracts.
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Google Signs Cloud Deal With Defense Department Unit
In the deal for at least $1 million, Google will help the Defense Department with its cybersecurity initiatives.
Luckin Coffee Faces Possible Delisting
Luckin plans to appeal the delisting motion from Nasdaq, which started the process after the Chinese online coffee-delivery company admitted making up sales.
Facebook to Limit Office Capacity, Require Temperature Checks
As one of the first big companies to send its workers home due to the coronavirus pandemic, how Facebook plans to reopen is being closely watched.
Benchmark Raises $425 Million Fund, This Time Without Bill Gurley
The firm, known for investments in Uber and Instagram, raised the fund sooner than expected.
Google Stops Building AI for Oil and Gas Projects
The decision comes two years after Google declined to renew a controversial military contract that used its AI algorithms in battlefield drones.
Spotify Nabs Joe Rogan Podcast Exclusively
News that the comedian’s popular podcast will be exclusive to Spotify sent the music streaming company’s stock up 11%.
Zoom Restricts Free Users in China
Videoconferencing provider has seen surging global usage of its service during the Covid-19 pandemic.
Microsoft Touts Cloud Supercomputer for OpenAI Work
At its annual developer conference, Microsoft shows off a cloud-based computer capable of handling large-scale AI projects.
Facebook Makes Commerce Push With New Shopping Features
A new hub for businesses to list their goods, called Facebook Shops, will be available in both the main Facebook app and Instagram.
Katerra Shakes Up Leadership, Raises More Money From SoftBank
The construction startup has replaced CEO Michael Marks with COO Paal Kibsgaard.
Libra Hires Former U.S. Treasury Official as General Counsel
The Libra Association’s new top lawyer has a strong background in financial regulation.
Apple Looks to Buy Older Shows, Movies for Streaming Service
The move marks a shift in strategy for the streaming service, which has focused on a small number of originals to date.
New Nasdaq Rules Could Make It Harder for Chinese IPOs
U.S. regulators have long complained about the lack of transparency among Chinese listed companies.
TSMC Stops New Orders to Huawei After U.S. Issues Tougher Restrictions
The ban won't affect pre-existing orders but poses a major challenge to the future of the world's second largest smartphone maker.
U.S. Attorney General Scolds Apple for Refusal to Help in Terror Investigation
U.S. officials criticized Apple for failing to help investigators in a case involving a mass shooting in December at the Naval Air Station in Pensacola.
Baidu Revenue Falls 7%, Sees Post-Covid Rebound
The Beijing-based search engine company says user growth jumped in March after new Covid-19 cases peaked.
Disney’s Streaming Chief Leaves for TikTok CEO Role
Kevin Mayer had been passed over for Disney CEO role earlier this year.
Facebook Sees Oculus VR Content Sales Top $100 Million
It’s an impressive stat for a still-nascent platform and a rare peek into how the VR industry is maturing.
Klobuchar Calls for Antitrust Scrutiny of Tech Deals
Sen. Klobuchar expanded her call for antitrust scrutiny of a possible Uber-Grubhub merger. She also called out Facebook’s acquisition of Giphy.
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