Temu Parent PDD Growth Slows, Profits Plunge Amid U.S.-China War
PDD, which doesn’t break out Temu’s financials, said overall revenue grew 10% to $13.3 billion in the first quarter, the slowest growth in three years.
Weekday mornings
The Information AM
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy
Recent Editions
Salesforce to Buy Informatica For $8 Billion
The acquisition is the first big deal struck by Salesforce since it bought Slack in 2021 for $28 billion.
OpenAI to Open Office in South Korea
South Korea represents the second-largest source of paid subscribers to ChatGPT, outside the U.S.
SoftBank’s Son Proposes Joint U.S.-Japan Sovereign Wealth Fund
Such a fund could be as much as $300 billion in size and make large-scale investments in technology and infrastructure across the U.S.
Salesforce Back in Talks to Acquire Data Management Firm Informatica
A deal could help Salesforce address one of the biggest obstacles to customers adopting AI agents, which is managing their data scattered across apps and databases.
Trump Threatens 25% on Apple Devices Imported into U.S.
The warning comes after Apple said it has been moving manufacturing of U.S.-bound iPhones to India from China.
Optimism in Tech Sector Returns: The Information Survey
Readers were more optimistic about all 14 tech companies we track.
OnlyFans Owner In Talks to Sell Company at $8 Billion Valuation
OnlyFans’ owner is in discussions to sell the explicit content site to an investor group at a valuation of about $8 billion.
Musk’s Lawyers Revive RICO Claims Against OpenAI
If the judge accepts the claims, they could go to trial in March.
Waymo Could Be Worth $75 Billion Valuation Next Year, Brokerage Says
TD Securities analysts see valuation rising as gross bookings triple.
Anthropic Says Latest Model’s Risks Include Reporting Users to SEC
A spokesperson later said the actions were a result of “highly unusual” instructions for experimental purposes.
Microsoft Chooses Anthropic as Model Provider to Power GitHub’s New AI Coding Tools
The move reflects Microsoft’s willingness to branch out from OpenAI, whose models Microsoft has the rights to reuse in its products.
OpenAI Confirms UAE Stargate Data Center
The data center will take up one-fifth of the 5 gigawatt-data center campus President Donald Trump announced last week.
Anthropic Releases New Generation of AI Models
The latest models are better at complex, long-running coding tasks and remembering past information, Anthropic says.
Justice Department Reportedly Investigating Google’s Character Deal
In a $2.7 billion deal, Google licensed technology from the AI startup Character.AI and hired many of its employees, including its cofounders.
Altman Shares Plans to Ship 100 Million AI ‘Companions’
Altman told staff that the deal had the potential to add $1 trillion in value to OpenAI, according to the Wall Street Journal report.
Blue Owl Commits More Money to OpenAI Data Center in Texas
Crusoe plans to expand the campus to 400,000 chips for Oracle and OpenAI.
Tesla Shows Off Optimus Robots Doing Chores
It is the most comprehensive of Tesla’s recent Optimus demonstration videos.
Snowflake Hits $1 Billion in Quarterly Revenue for the First Time
While the jury is still out on whether Snowflake can use AI products to spur revenue growth, its business doesn't seem to be affected by President Trump's tariffs.
Coreweave Raises $2 Billion in Upsized High-Yield Bond Offering
The funds will be used partly to repay Coreweave’s outstanding debt.
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.
By providing your email, you agree to The Information’s Privacy Policy