Google’s Gemini Contracts Repeat Search Moves, Government Says
The government said an OpenAI representative will testify about the ChatGPT firm's difficulties in competing with Google on distribution.
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Tesla Delays Production of Affordable SUV
The delay could push back release of the new model and add to pressure on Tesla's sales.
Regulators Approve Capital One’s Discover Acquisition
The approval signals a more favorable environment for bank mergers under the Trump administration.
DHgate, Taobao U.S. App Downloads Climb
Recent viral videos claimed the shopping apps could offer cheap versions of luxury goods.
Judge Halts CFPB Layoffs, Again
A federal judge halted agencywide job cuts at agency a day after employees at the agency received termination notices that would have cut 90% of staff.
Netflix Co-CEO’s 2024 Compensation Packages Surpass $60 Million
Ted Sarandos and Greg Peters both received a bump in their 2024 pay packages, though much of their pay is tied up in grants that will vest over multiple years.
Uber in Talks to Buy Turkish Food Delivery Platform Trendyol Go
Uber recently abandoned a plan to buy a food delivery app in Taiwan.
In 2020, Instagram Projected Billions in Lost Revenue to TikTok
In 2020, Instagram also expected time spent on its feed and Stories to fall short of projections prepared a year earlier, according to a document shown in court on Thursday.
Netflix Posts Strong Q1 as Reed Hastings Transitions to New Board Role
Co-founder Reed Hastings is transitioning from executive chairman to chairman of the board and non-executive director, signaling he's stepping back even more.
OpenAI Held Acquisition Talks with Owner of Coding Assistant Cursor
Acquiring a coding startup could help OpenAI gain access to more developer customers and more data to train its AI models on.
Meta Former COO Sandberg Testifies on Value of Ads
Meta is trying to undercut the government's antitrust case by pointing to competition in the ad market.
Court Rules Google Breached Antitrust Law in Ad Tech
Google will likely be forced to dismantle much of its ad tech business.
Nvidia Is Willing to Deepen its Presence in China, CEO Says in Beijing
Huang’s visit came days after the U.S. government banned more Nvidia chip sales to China.
TSMC: No Customer Behavior Changes Yet After Tariffs
The Taiwanese chipmaker said expansion in the U.S. would reduce its profit margin.
Congressional Committee Calls for Tougher Export Controls In Light of DeepSeek
The Select Committee on the Chinese Communist Party also sent a letter to Nvidia demanding answers to how some advanced AI chips ended up powering DeepSeek’s models
Rippling Lines Up Goldman Sachs, GIC as New Investors Amid Spy Lawsuit
The new valuation, about $16 billion, would be up from $13 billion a year ago.
OpenAI Releases New Reasoning Models, Open-Source Coding Assistant
These new reasoning models have helped scientists come up with hypotheses to test and designs for experiments.
Lyft Agrees to Buy European Taxi App Freenow for $197 Million
The ridehailing company is also fighting off a proxy challenge
OpenAI in Talks To Buy AI Coding Assistant Windsurf for $3 Billion
If the deal closes, it would be the largest in OpenAI's history.
Meta’s Share of Time Spent Has Declined, Zuckerberg Testifies
Zuckerberg said that a "lot of the interaction" people have with friends has shifted to messaging apps.
Weekday mornings
The Information AM by The Information Staff
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