CoreWeave Shares Fall 7% On ‘Lumpy’ AI Cloud Revenue Projection
Despite the drop, CoreWeave would still be 59% above its IPO price if the after-hours price holds through Thursday.
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Recent Editions
Pro-Crypto CFTC Commissioner Departs for Blockchain Association
Summer Mersinger is the latest CFTC Commissioner heading to the crypto industry.
Microsoft Shuts Down Ad Buying Service
Microsoft retreats from Internet ad buying, where Google and Amazon excel
Trading App EToro Soars 34% After IPO
EToro and its shareholders raised $620 million in successful debut.
Databricks Confirms $1 Billion Acquisition of Database Startup Neon
Databricks makes its third billion-dollar acquisition in as many years, adding database technology that AI agents can access autonomously.
Waymo Recalls Software in More Than 1,200 Cars
The company has recalled its self-driving software three times in the past two years.
Warner Bros. Discovery Renames Streaming Service as HBO Max
The decision reverses WBD's decision two years ago to drop HBO in its name, reflecting a strategic shift to emphasize quality over volume in programming.
Tencent President: We Have Strong Stockpile of AI Chips
Like other Chinese tech companies, Tencent is dealing with tightening U.S. restrictions on the export of Nvidia AI chips to China.
Perplexity Adds PayPal Checkouts
The AI search company also has deals with Shopify and the startup Firmly to connect users with merchants.
Arista Acquires a Networking Unit From Broadcom
VeloCloud, which Broadcom gained in its 2023 acquisition of VMware, develops technology for connecting remote workers to corporate networks.
TikTok Looks to Allow Photos in DMs, Despite Concerns Over Sextortion
The debate highlights a longstanding tension at social media companies between teams charged with boosting growth and those focused on preventing harms.
General Atlantic Cash Distributions Fall to Five-Year Low
The investment firm, known for backing Airbnb and Uber, blames a frigid market for IPOs.
Zoox Working on ‘Concierge’ Robotaxi App
The Amazon-owned company just received Nevada’s approval to accept paying customers.
SoftBank Notches First Profitable Year Since 2020
The company continues to invest heavily in AI, including Stargate and OpenAI.
Chime Shows Faster Revenue Growth in IPO Filing
The additional growth was in part due to Chime's launch of a pay-day advance product it launched last year called MyPay.
OpenAI to Announce Stargate Data Center in UAE
The ChatGPT makers wants to expand its business in other parts of the world.
YouTube to Stream NFL Game in Brazil for Free
The new deal expands YouTube's relationship with the NFL, which has been seeking to grow its popularity overseas by partnering with global streaming services.
Federal Regulators Expand Tesla Probe to Robotaxis
Elon Musk has repeatedly told investors the service will launch in June. Regulators want a response from Tesla by June 19.
Nvidia, AMD Announce AI Chip Deals With Saudi Arabia
The announcements come as President Donald Trump and U.S. tech leaders visit the country this week seeking to strike deals with Saudi investors.
Microsoft to Cut 3% of Staff, Targeting Middle Management
The layoffs are not related to performance and are meant to reduce the number of managers, Microsoft said.
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