Microsoft Revenue Growth Stays Flat in Third Quarter Despite Cloud Boost From OpenAI
Microsoft’s capital expenditures rose as it continues to spend heavily on data centers, but gross margins stayed flat.
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Google Cloud Boosted Alphabet Revenue Growth, Profits in Third Quarter
The company also said its Gemini chatbot growth was surging.
Troubled Sheertex Tights Maker Weighs Potential Sale, CEO Steps Down
Founder Katherine Homuth left the company earlier this year as part of a deal to secure lifeline financing for the company.
Morgan Stanley Buys EquityZen To Extend Reach to Private Markets
The deal reflects the increasing appetite of Wall Street to invest in privately held companies.
Nvidia’s Market Capitalization Passes $5 Trillion
Nvidia is $1 trillion more valuable than the next-most valuable company, Microsoft.
Bending Spoons to Buy AOL
Bending Spoons CEO Luca Ferrari said AOL generates revenue both from advertising and subscriptions.
Exclusive: Nvidia-Backed Data Center Power-Management Startup Raises $18 Million
Utilities have been cautious to approve data center connections to the power grid.
Payments Firm Fiserv’s Stock Collapses 45% After 2025 Outlook Slashed
Fiserv CEO said the original growth assumptions were too optimistic.
Etsy Replaces CEO As It Continues Push To Revive Growth
Longtime executive Kruti Patel Goyal previously ran Depop, a much faster-growing piece of Etsy’s business.
Cursor Co-Founder Departs
In only three years, Anysphere has become one the hottest AI startups around.
Musk Suit Against OpenAI Can Proceed Despite Restructuring
State attorneys general already approved the restructuring, which could be hard to reverse.
Uber and Nvidia Target 100,000 Self-Driving Cars
Car companies said they plan to use Nvidia’s new self-driving technology.
Nvidia Has Received More Than $500 Billion in Orders Through 2026
Nvidia also announced technology for simulating factories and quantum computing, and a $1 billion investment in Nokia.
Adobe Lets Customers Power its Apps With Google’s Latest AI Models
Adobe and Google have expanded an existing partnership to let Adobe customers power apps like Photoshop with Google's latest AI models.
OpenAI Recapitalizes as Public Benefit Corporation
The restructuring paves the way for the company to eventually go public
BlackRock-Backed Securitize to Go Public at $1.25 Billion Valuation
Securitize will merge with Cantor Fitzgerald’s special purpose acquisition firm.
Livestream Shopping App Whatnot Boosts Valuation to $11.5 Billion
The company was previously valued at $5 billion in a January funding round.
Apple Supplier Skyworks Solutions to Buy Rival Qorvo for $10.6 Billion
Both companies are facing a slowdown in the smartphone sector and increased competition.
Microsoft Gets 27% Stake in OpenAI, Access to Models Through 2032
Microsoft will give up its right of first refusal over OpenAI’s compute contracts.
Amazon Announces Plans to Cut 14,000 Corporate Roles
The cuts continue a push by CEO Andy Jassy to reduce bureaucracy at the e-commerce giant.
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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