Chomps Announces Credit Line to Expand Manufacturing
The snack brand expects to hit $1 billion in retail sales this year.
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Comcast’s Peacock Slashes Losses on Higher Revenue
Comcast said it had not yet seen any impact from the current economic uncertainty on either its advertising or theme park businesses.
Uber and Volkswagen’s Autonomous Mobility Subsidiary Ink Robotaxi Deal
The ridehailing platform will offer autonomous rides in Los Angeles in 2026
Lyft to Offer Traditional Taxi Rides in U.S.
Uber, its main rival, inked a deal with yellow cabs in New York City in 2022
Discord Co-Founder Jason Citron Steps Down as CEO
Citron, who co-founded the communications app in 2015, will stay on its board of directors
ServiceNow Tops Revenue Expectations; Shares Jump
The company said internal AI tools were helping to keep profitability in check.
Tesla Starts Testing Robotaxi Service With Employees
In a video post, Tesla showed employees riding with a human behind the wheel as it looks to debut the service in Austin in June.
Perplexity Says Google Deals Hindered Distribution
DuckDuckGo CEO Gabriel Weinberg also testified about how the government’s proposed remedies could benefit his company’s search engine.
Tether, Softbank, Cantor Launch Bitcoin Investing Vehicle
Twenty One Capital, a new entity, will raise additional capital to buy bitcoin.
Neuralink Raising $500 Million at $8.5 Billion Valuation
The brain-computer interface company wants to sell implantable devices that could help people, including those who are paralyzed, control computers directly from their brain.
Google’s Gemini User Numbers Revealed in Court
Google's Gemini badly lags OpenAI's ChatGPT and, at least last fall, Meta Platforms.
ChatGPT is Cannibalizing Google Search but Not on Shopping
Google's ad chief believes "writing is on the wall" that Google search queries that generate ad revenue will be cannibalized.
Amazon Struggling to Scale Up Kuiper Satellite Production
Despite a Federal Communications Commission deadline of July 2026 to deploy more than 1,600 satellites, Amazon has produced just a few dozen satellites so far.
EU Fines Apple and Meta for Breaching Digital Competition Law
The two tech giants are the first companies to be fined under the region’s Digital Markets Act.
OpenAI Ex-Employees Ask Attorneys General to Block OpenAI Conversion
The letter argues that the nonprofit must maintain control over OpenAI’s business to fulfill its mission.
Intel Plans to Cut More Than 20% of Staff
The struggling U.S. chip giant is trying to turn around its business under its new CEO Lip-Bu Tan.
Sam Altman Steps Down From Nuclear Power Startup
Altman’s move could help him avoid a conflict of interest.
Sales Fall Drags Down Tesla’s Profit 66%
Tesla said it was on track for a June launch of its robotaxi service in Austin.
U.S. Plans to Push India to Give Amazon and Walmart Market Access
While Indian e-commerce firms produce and sell their own goods, U.S. firms in the country are only allowed to operate marketplaces where outside sellers list their products.
Northrop Grumman Taps Ex-Microsoft Manager to Lead AI Programs
In their search for AI talent, firms that work with government agencies are increasingly looking to hire seasoned managers from private sector companies.
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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