Elon Musk’s xAI Raises $10 Billion in Debt, Equity
The debt raise follows xAI's takeover of X, which had borrowed heavily to finance Musk's takeover of the social media site.
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Judge Denies Apple Motion to Dismiss Antitrust Lawsuit
The judge found that the government's lawsuit had "sufficiently alleged indirect evidence" showing that Apple has monopoly power in the smartphone market.
Stablecoin Issuer Circle Applies for U.S. Bank Charter
Circle submitted the application in anticipation of proposed stablecoin legislation.
Apple May Partner With Anthropic or OpenAI to Boost AI Assistant Siri
Apple launched Siri in 2011, but it has fallen far behind the times
Microsoft’s Sales Chief to Take Leave of Absence Ahead of Layoffs
Microsoft often restructures its business at the start of its fiscal year, in July.
Meta Announces New Superintelligence Lab
The organization includes Meta’s existing AI teams, including its Fundamental AI Research lab, as well as a new lab working on the next generation of Meta's models.
Temu Resumes Meta, Google Ad Spending in U.S.
In April, Temu slashed virtually all of its digital ad spending in the country.
Oracle Strikes Big Cloud Deal That Could Double Cloud Revenue by 2028
Oracle stock jumped 5% on the news, as investors applaud the company's rapid growth in its small cloud unit.
OpenAI is Responding to Meta Poaching, Research Chief Tells Staff
The OpenAI executive said it feels "as if someone has broken into our home and stolen something" in response to the Meta poaching.
Trump Says He Has a ‘Buyer for TikTok'
Trump said the buyer was a "group of very wealthy people" and that China needed to approve the deal.
Musk Says Big Beautiful Bill is ‘Insane'
The bill not only reduces incentives for wind and solar projects, it raises taxes on those that come into production after 2027.
Hewlett Packard Enterprise and Juniper Resolve DOJ Lawsuit
The settlement should clear the way for completion of the $14 billion merger.
Tesla Car Drives Itself to New Owner
The autonomous delivery is a big step forward for Elon Musk's ambitions in self-driving cars.
Meta in Talks to Raise $29 Billion from Private Equity Firms
Apollo Global Management, KKR, Brookfield, Carlyle and Pimco are involved in the discussions.
Nvidia Acquires Another Startup That Makes Its Chips Cheaper to Use
CentML has raised around $30 million since 2022, including from Nvidia.
AI Data Center Powered By Used EV Batteries Launches in Nevada
Redwood Materials CEO JB Straubel said his firm could end up generating more revenue from the energy business than its core battery recycling business.
Uber in Talks to Back Kalanick on Pony Deal
The deal would likely enhance Uber's strategy of partnering with a variety of robotaxi services.
Google Launches Payment Tool for Publishers
Over the past year, publishers have warned that Google’s AI features could be the “nail in the coffin” if readers stop clicking on search result links.
Meta Hires Four Researchers from OpenAI, Discusses Buying PlayAI
The moves are part of an aggressive push to recruit talent and catch up in artificial intelligence, after stumbles over the past year.
Instagram, TikTok Working on Smart TV Apps
Instagram and TikTok are plotting apps customized to run on TV screens following YouTube's growth on smart TVs.
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