The Briefing by Martin Peers, Jessica Lessin and the team at The Information

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The Briefing

By Martin Peers, Jessica Lessin and the team at The Information

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Recent Editions

Apple CEO Tim Cook. Fabrice Coffrini/AFP/Getty.

Apple's Cash Strategy Shift

By Martin Peers · Apr 30, 2026 5:10pm PDT

Tim Cook is going out with a bang. Apple reported a stellar March quarter on Thursday, delivering 17% higher revenue, thanks to 22% growth in iPhone revenues, a big change from several years of anemic growth in sales of the ubiquitous device. In other words, far more consumers are upgrading their old iPhones than has been the case for a... Tim Cook is going out with a bang. Apple reported a stellar March quarter on Thursday, delivering...

Left to right: Microsoft's Satya Nadella, Meta's Mark Zuckerberg, Amazon's Andy Jassy and Google's Sundar Pichai. Getty Images.

Google Cloud and AWS Shine in Big Tech's Quarterly Update

By Martin Peers · Apr 29, 2026 5:00pm PDT

It was the Super Bowl of quarterly tech earnings today, with March-quarter results from Google, Microsoft, Amazon and Meta Platforms. The tsunami of numbers, all released within a few minutes of each other, might overwhelm even a top AI model. But for a human, what was clear was that surging demand for AI computing capacity is lifting cloud... It was the Super Bowl of quarterly tech earnings today, with March-quarter results from Google,...

OpenAI CFO Sarah Friar. Lauren Justice/Bloomberg/Getty Images.

OpenAI's Wall Street Disconnect

By Martin Peers · Apr 28, 2026 5:00pm PDT

Talk about out of touch with reality. Investors slammed the tech sector on Tuesday, spurred in part by a Wall Street Journal report that OpenAI had missed some internal revenue projections. Among the biggest to take a hit were two cloud firms that depend heavily on OpenAI for business: Oracle and CoreWeave, whose stocks fell 4% and 5.8%,... Talk about out of touch with reality. Investors slammed the tech sector on Tuesday, spurred in...

Microsoft CEO Satya Nadella. Sven Hoppe/Getty Images.

Microsoft Comes Out of OpenAI Deal a Winner; Risks in AI Financing

By Martin Peers · Apr 27, 2026 5:00pm PDT

Microsoft CEO Satya Nadella. Sven Hoppe/Getty Images.

Microsoft Comes Out of OpenAI Deal a Winner; Risks in AI Financing

By Martin Peers · Apr 27, 2026 5:00pm PDT

Microsoft and OpenAI had big news this morning but before we dive into that, it's fair to say there’s a lot of excitement among investors (and reporters!) about the upcoming SpaceX IPO. But some people have a refreshingly realistic assessment of the situation. “There’s a trillion ways this can go wrong,” said Ashley MacNeill, co-head of capital... Microsoft and OpenAI had big news this morning but before we dive into that, it's fair to say...

Musk-OpenAI and Big Tech Earnings on Deck This Week

Musk-OpenAI and Big Tech Earnings on Deck This Week

By Martin Peers · Apr 26, 2026 3:00pm PDT

This is going to be a fun week. First, Elon Musk and Sam Altman square off in a California court over the origins of OpenAI (for more details, see here). The final outcome probably won’t have a huge impact on the ChatGPT company—Musk’s chances of both winning the case and getting everything he wants from a victory seem unlikely, as we wrote here... This is going to be a fun week. First, Elon Musk and Sam Altman square off in a California court...

Tony Avelar/AP.

Big Tech's New Layoffs Phase is Underway

By Martin Peers · Apr 23, 2026 5:00pm PDT

We’re in a tech layoff era again—although a more accurate term may be an “employee replacement” phase. Meta Platforms told staff on Thursday it plans to lay off 10% of its staff, or about 8,000 people, next month. (The next few weeks won’t be fun at Meta!) The latest layoffs follow Meta’s cuts of about 2,000 people earlier this year and a spate... We’re in a tech layoff era again—although a more accurate term may be an “employee replacement”...

Elon Musk. Fabrice Coffrini/AFP/Getty Images.

Elon Musk Strikes Unusually Cautious Tone on Tesla Call

By Theo Wayt · Apr 22, 2026 5:00pm PDT · 1 comment

Tesla’s earnings calls are usually freewheeling affairs, with pulsating electronic music and wildly optimistic projections from CEO Elon Musk, who often likes to crack crude jokes and giggle. Today was different. Instead of the typical sci-fi rhapsodies about self-driving vehicles taking over the world and robots solving poverty, Musk spent much... Tesla’s earnings calls are usually freewheeling affairs, with pulsating electronic music and...

SpaceX's South Texas production facility. Photo by Reginald Mathalone/Getty Images.

What SpaceX’s Cursor Deal Says About xAI

By Martin Peers · Apr 21, 2026 5:00pm PDT

SpaceX's South Texas production facility. Photo by Reginald Mathalone/Getty Images.

What SpaceX’s Cursor Deal Says About xAI

By Martin Peers · Apr 21, 2026 5:00pm PDT

Elon Musk’s marketing pitch for the SpaceX IPO just got a bit more complicated. SpaceX’s revelation Tuesday afternoon that it was working closely with Cursor, the once-dominant coding firm, and might buy it for $60 billion, raises new questions about the health of xAI, Musk’s AI startup that SpaceX acquired for $250 billion in stock in early... Elon Musk’s marketing pitch for the SpaceX IPO just got a bit more complicated. SpaceX’s ...

Apple's Tim Cook and John Ternus. Getty Images.

Apple’s CEO Switch; Amazon’s AI Hedge

By Martin Peers · Apr 20, 2026 5:00pm PDT

Happy talk. That’s what you get when CEOs pass the baton, and so it was with Apple’s long-anticipated announcement that Tim Cook would give up the top job, effective in September. “I love Apple with all of my being,” Cook said in the announcement (he’s sticking around as executive chair). “I am filled with optimism about what we can achieve in... Happy talk. That’s what you get when CEOs pass the baton, and so it was with Apple’s...

Adobe CEO Shantanu Narayen at the company's 2025 summit. David Becker/AP.

Adobe and Google Cloud Head to Vegas

By Martin Peers · Apr 19, 2026 3:00pm PDT

If you’ve never visited Las Vegas, this week might be the time. Adobe and Google Cloud are both having big shows there this week, with Adobe kicking off its customer summit tomorrow and running through Wednesday. Google Cloud Next, conveniently, starts Wednesday and runs through Friday. Come for one, stay for both!The two companies might be in... If you’ve never visited Las Vegas, this week might be the time. Adobe and Google Cloud are both...

TSMC CEO C. C. Wei. Getty Images.

TSMC’s Strong Results is One More Bullish AI Sign

By Martin Peers · Apr 16, 2026 5:00pm PDT

Upbeat signals about the AI business are proliferating. The latest was chipmaking giant Taiwan Semiconductor Manufacturing Co.’s first-quarter report on Thursday, showing revenue growth of 40.6%, above the top end of its projected range. The company raised its full-year growth rate to above 30%. According to TSMC CEO C.C. Wei, “AI-related demand... Upbeat signals about the AI business are proliferating. The latest was chipmaking giant Taiwan...

Mike Krieger from Anthropic. David Paul Morris/Bloomberg via Getty Images.

Figma’s Apple Moment; Allbirds’ AI Pivot

By Martin Peers · Apr 15, 2026 5:00pm PDT

Mike Krieger from Anthropic. David Paul Morris/Bloomberg via Getty Images.

Figma’s Apple Moment; Allbirds’ AI Pivot

By Martin Peers · Apr 15, 2026 5:00pm PDT

AI really is transforming the world! The latest example: Dying shoemaker Allbirds is turning itself into an AI chip firm called NewBird AI. Its stock rocketed 600% in response. But before we dig into that bizarre story, we should highlight what may be today’s more meaningful news: Anthropic executive Mike Krieger’s departure from the board of... AI really is transforming the world! The latest example: Dying shoemaker Allbirds is turning...

Photo via Globalstar

What Amazon’s Globalstar Purchase Means for SpaceX

By Martin Peers · Apr 14, 2026 5:00pm PDT

Every now and then we get a reminder that big tech’s pockets are as deep as the Mariana Trench. Amazon’s purchase of satellite firm Globalstar offers one of those reminders. Despite spending $200 billion this year on capital expenditures for its AI expansion and committing $50 billion on an OpenAI investment, Amazon can still find a few loose... Every now and then we get a reminder that big tech’s pockets are as deep as the Mariana Trench....

Elon Musk. Krisztian Bocsi/Bloomberg via Getty Images

What SpaceX’s Numbers Do and Don’t Tell Us

By Martin Peers · Apr 13, 2026 5:00pm PDT

The mysteries of SpaceX are no more. My colleague Cory Weinberg today wrote the second of two stories in four days that pulled back the curtain on the finances of Elon Musk’s space company, which is planning to go public in a couple of months. You don’t have to wait for the formal IPO filing to get the dirt on SpaceX.The bottom line is that... The mysteries of SpaceX are no more. My colleague Cory Weinberg today wrote the second of two...

Netflix co-CEO Greg Peters. Photo by Getty

Netflix on Deck This Week; Pressure on Software Stocks Intensifies

By Martin Peers · Apr 12, 2026 3:00pm PDT

We interrupt our regular AI programming to talk about something more entertaining: Netflix! The video-streaming giant kicks off tech earnings season on Thursday with its first-quarter earnings. It’s the first quarterly report since Netflix walked away from its $82.7 billion deal to buy Warner Bros. Discovery’s streaming and studio operations, so... We interrupt our regular AI programming to talk about something more entertaining: Netflix! The...

OpenAI CEO Sam Altman. Anna Moneymaker/Getty Images.

OpenAI, Forecasts and Guesses

By Martin Peers · Apr 9, 2026 5:00pm PDT · 5 comments

OpenAI CEO Sam Altman. Anna Moneymaker/Getty Images.

OpenAI, Forecasts and Guesses

By Martin Peers · Apr 9, 2026 5:00pm PDT · 5 comments

Here’s a suggestion for OpenAI’s management: Stop issuing long-range revenue forecasts to investors. While we at The Information love getting our hands on these, as they make for good stories, it’s doubtful they’re doing OpenAI much good. How can anyone take seriously forecasts for revenue reaching as far out as 2030? (OpenAI projects total... Here’s a suggestion for OpenAI’s management: Stop issuing long-range revenue forecasts to...

Meta's Alexandr Wang. Ludovic Marin/AFP/Getty.

Meta Tries to Light a Fire in AI Market

By Martin Peers · Apr 8, 2026 5:00pm PDT

Guess what: Meta Platforms is still in the AI model game. You might have forgotten that fact, given that it’s been a little while since we’ve seen much new on the AI front from the Facebook owner. But CEO Mark Zuckerberg took to Threads on Wednesday to reveal the new model family, known as Muse, and its first member, Spark. Meta stock... Guess what: Meta Platforms is still in the AI model game. You might have forgotten that fact,...

Anthropic co-founder and president, Daniela Amodei. Bridget Bennett/Bloomberg/Getty Images.

Anthropic’s Revenue Growth Suggests OpenAI Is Overvalued

By Martin Peers · Apr 7, 2026 5:00pm PDT

The sooner Anthropic and OpenAI go public, the better—at least then we’d have proper financial disclosure. Both companies’ habit of updating the public on their revenue growth by references to either monthly revenue or annualized revenue, which is (loosely speaking) the last month’s revenue multiplied by 12, is getting old. And it’s not exactly... The sooner Anthropic and OpenAI go public, the better—at least then we’d have proper financial...

OpenAI CFO Sarah Friar and CEO Sam Altman. Kyle Grillot/Bloomberg/Getty Images.

OpenAI’s Never-Ending Soap Opera

By Martin Peers · Apr 6, 2026 5:00pm PDT · 2 comments

What’s the bet that OpenAI’s senior management team undergoes a shake-up before the company goes public? On Sunday, The Information reported that finance chief Sarah Friar has concerns about OpenAI’s readiness to go public and its ability to support its AI server commitments. And on Monday, The New Yorker published a long profile of CEO Sam... What’s the bet that OpenAI’s senior management team undergoes a shake-up before the company goes...

Michael M. Santiago/Getty Images.

What the Coming Big IPOs Mean for Tech Stocks

By Martin Peers · Apr 5, 2026 3:00pm PDT

Michael M. Santiago/Getty Images.

What the Coming Big IPOs Mean for Tech Stocks

By Martin Peers · Apr 5, 2026 3:00pm PDT

The first quarter is over, and tech earnings season is only a couple of weeks away. Here’s something worth thinking about: Big tech stocks out of favor with investors—particularly Microsoft, Amazon and Meta Platforms—need to show something striking when they report for the quarter if they want to get out of the doghouse they’re in.If they don’t,... The first quarter is over, and tech earnings season is only a couple of weeks away. Here’s...