Banks Tell Investors X Made $1.2 Billion in Ebitda in 2024
While the Ebitda figure appears healthy, X's interest costs on its debt is likely steep.
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DOJ Moves to Block HPE’s $14 Billion Juniper Networks Acquisition
Hewlett Packard Enterprise and Juniper's battle in wireless networking has helped drive down costs for customers, and the DOJ wants to keep it that way.
Amazon’s UPS Volume to Drop by More Than Half, UPS Says
While Amazon has long been UPS’s largest customer, UPS has said for years that it’s trying to move away from lower-margin large contracts.
Comcast Execs Hint at Price Increases for Peacock Ahead of NBA Games
NBCUniversal's Peacock ended 2024 with 36 million subscribers. It also reduced losses by nearly $1 billion in all of 2024, according to NBCU parent Comcast.
SoftBank in Talks to Invest up to $25 Billion in OpenAI
The potential new investment is part of SoftBank's broader partnership with OpenAI as the two companies lead the Stargate data center project in the U.S.
Tesla Shares Rise After Musk Promises Paid Driverless Cars by June
Comments mark the first time the Tesla CEO has offered a firm timeline
Trump Considers Restricting Nvidia Sales to China
The rules could target an Nvidia chip, H20, designed for the Chinese market.
Coinbase Adds Trump Campaign Manager Among Advisers
Crypto exchange also adds Bill Dudley, former NY Fed president, to its advisory council.
Meta’s Revenue Rises 21% in the Fourth Quarter
The company projected a sharp slowdown in revenue growth for the first quarter, to between 8% and 15%.
Western Digital Grows Revenue By 41% On Demand From Cloud Customers
The data storage hardware company made $2.3 billion in sales from cloud computing providers, a 119% year-over-year increase.
Microsoft Reports Slowing Revenue Growth But Says AI Sales Are Climbing Fast
Microsoft said its AI products are on track to exceed $13 billion in annualized sales in the current quarter, up from less than $10 billion three months ago.
OpenAI Believes DeepSeek Was Developed Using OpenAI Models
OpenAI believes the process was done through model distillation, a common approach to develop capable models for cheap.
Joe Lonsdale’s 8VC Targets Nearly $1 Billion for New Fund
8VC filed paperwork indicating plans to raise $998 million for its next venture capital fund.
Meta Considers Testing Chinese AI Models In Its Generative AI Tools for Advertisers
Company leaders including Clara Shih, vice president of business AI, have said Meta is considering testing the Chinese AI models because of their high performance.
Apple Works With SpaceX to Support Starlink on iPhones
The service would allow iPhone users to stay connected even in remote areas outside the range of a cell tower.
DTC Startup Quince Announces $120 Million in New Funding
The company, which sells lower-priced versions of high-end products, has expanded to new categories like furniture.
Skild AI Raising from SoftBank at $4 Billion Valuation
The round follows a bumper Series A funding round in July that valued the young robotics company at $1.5 billion.
OpenAI Revenue Surged From $200-a-Month ChatGPT Subscriptions
OpenAI's premium ChatGPT subscriptions are generating at least $25 million in revenue per month, or at least $300 million on an annual basis.
Meta Overhauls Reality Labs Business Unit Ahead of Earnings Report
Meta is transferring oversight of Reality Labs’ business operations to company COO Javier Olivan.
Trump Says Microsoft in Talks to Acquire TikTok
Trump previously said his administration would reach a decision on TikTok in the coming month.
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