Elon Musk Speaks at Donald Trump’s First Cabinet Meeting
Musk again derided federal employees, who were thrown into confusion over the weekend after the billionaire threatened their jobs.
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Snowflake Beats Sales Forecast, CFO Scarpelli to Retire
Snowflake investors seem to think the database provider is well-positioned for a potential boom in AI application development.
Snowflake CFO Steps Down
Michael Scarpelli had been with Snowflake since 2019, joining alongside former CEO Frank Slootman. Both had come from ServiceNow.
Salesforce Growth Stalls Despite AI Push
Salesforce projected revenue growth of 7% to 8% growth in the current fiscal year, which ends January 2026.
Nvidia Projects 65% Revenue Growth in April Quarter on Strong Chip Orders
Despite the results, shares were flat in after-hours trading, though they rose 3.5% in regular trading.
Paramount Posts Streaming Loss in Q4
The company also said it expects to close its sale to David Ellison and Skydance Media during the first half of 2025.
Snowflake Inks Deal With Microsoft for OpenAI Access
Three months after striking a partnership with Anthropic, Snowflake makes another big move to help its customers build AI-powered applications.
AppLovin Stock Falls As Short-Sellers Question Firm’s Ad Tactics
AppLovin was one of the best performing tech stocks last year, thanks to its success in diversifying into the ecommerce ads sector.
Amazon Unveils New Version of Alexa
It’s powered by both Amazon’s in-house Nova large language models as well as models from the AI firm Anthropic.
Bezos Pushes Washington Post Opinion Page To Support Free Markets
Bezos said viewpoints supporting "personal liberties and free markets" are "underserved."
Alibaba to Launch Open-Source AI Video Models
China’s major AI developers are beefing up open-source offerings after the success of DeepSeek.
Instacart Sees Slower Growth Even as Users Increase
The average value of orders dropped as restaurants were introduced
EV Maker Lucid’s CEO Steps Down, in a Surprise
Peter Rawlinson had led the company for 8 years
Circle Says It Wants ‘Level Playing Field’ In Stablecoin Bill
The company is advocating for consistent rules for U.S. and overseas stablecoin firms, Circle's chief strategy officer said.
Tesla Sales in Europe Fall By Half in January
Electric vehicle sales overall grew 34% in January, a sign that Tesla's market share shrank sharply in the month.
Education Company Chegg Sues Google Over Declined Traffic from AI Search Results
The case appears to be the first antitrust suit filed over Google’s AI Overviews feature, but publishers have complained that the feature is sapping traffic from their websites.
TikTok’s Top Music Exec to Leave Company
TikTok's top music executive Ole Obermann will leave the company next month.
More than 20 Civil Service Employees Resign From DOGE
In a joint resignation letter, the outgoing staffers said they refused to “dismantle critical public services.”
Cohere Annualized Revenue Triples As Startup Mulls Employee Share Sale
Cohere executives have told some potential investors they are considering allowing for a sale of employee shares.
Crypto Exchange OKX Settles DOJ Charges With $500 Million
OKX pleaded guilty to operating an unlicensed business serving U.S. users.
Weekday mornings
The Information AM by The Information Staff
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