Goldman Sachs Warns Of Job Cuts Amid AI Push
Goldman Sachs reported strong earnings and said it was on track for a record year in its investment banking and markets division.
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Oracle and AMD Strike New AI Chip Pact
The deal could eventually help the cloud provider negotiate better prices with AMD rival Nvidia.
Walmart Announces It Will Sell Products Through ChatGPT’s Instant Checkout
OpenAI announced partnerships with Etsy and Shopify last month.
Exclusive: Cursor-Maker Anysphere in Talks to Raise $1 Billion at $27 Billion Valuation
Coatue Management and Accel have been in talks to make major investments in Anysphere.
Goldman Sachs Agrees To Buy Industry Ventures for Up to $965 Million
Goldman Sachs said Monday it had agreed to buy Industry Ventures, an investor in private startups and venture funds, in a transaction worth up to $965 million.
AWS’ Custom Chip Now Powers Most of Its Key AI Cloud Service
Amazon Bedrock, a cloud service that Amazon Web Service launched two years ago, is now becoming a showcase for the company's custom chip design efforts.
Apple Rebrands Streaming Service to Apple TV
Apple said the rebrand was part of “a vibrant new identity”
JPMorgan Commits $10 Billion to Strategic US Tech Investments
The bank recently worked with MP Materials on a deal with the Department of Defense to increase domestic production of rare earth magnets.
Data Startups Fivetran and Dbt Labs Agree to Merge
A merger of equal between Fivetran and dbt Labs would have close to $600 million in annualized recurring revenue under one combined entity.
OpenAI Announces Chip Design Deal with Broadcom
The Broadcom deal follows OpenAI's agreements with both Nvidia and AMD for access to their AI chips.
China Vows to Retaliate if Trump Imposes New 100% Tariff
The resurgence in tensions comes just weeks after the two countries’ senior officials held trade talks in Madrid.
Thinking Machines Co-Founder Leaves for Meta
The departure marks the newest star arrival at the tech giant.
Benioff Says Trump Should Deploy Troops in San Francisco
The Salesforce CEO’s comments come amid a broad change in attitude toward President Donald Trump among tech CEOs.
Apple Acquires Small AI Startup Focused on Home Security Cameras
The deal could bolster Apple’s smart home camera project
Tech Stocks Fall Across the Board After Trump Issues Tariff Threat
President Trump threatened to impose a "massive increase" in tariffs on Chinese imports, in the wake of new Chinese restrictions on the export of rare earths.
Kalshi Raises at $5 Billion Valuation Led by Sequoia, a16z
Kalshi and Polymarket each raised fresh funding this month as rivalry heats up.
China Opens Antitrust Investigation Into Qualcomm
The probe follows several antitrust cases against other U.S. tech firms including Nvidia and Google.
Reflection AI Raises $2 Billion From Nvidia and Others at $8 Billion Valuation
The deal is a dramatic markup from Reflection’s last private market valuation of $545 million in March.
Coinbase, Mastercard in Talks to Buy Stablecoin Startup BVNK
The sale price for a deal, if it happens, could be between $1.5 billion and $2.5 billion, Fortune reported.
Google, Amazon Launch New Suites in Battle for AI Spending
Google and Amazon are both rebranding AI search and agent-building products in the hopes of getting more of their customers to increase their spending.
Weekday mornings
The Information AM by The Information Staff
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