PayPal Falls 12% After Stripe and Advent End Pursuit
Stripe and Advent are no longer pursuing a joint offer for PayPal, Bloomberg reported.
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The Information AM
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
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Recent Editions
Tencent’s New Flagship AI Model Shows Major Progress
With the launch of the new Hy4, the tech giant is emerging as a more formidable competitor in China’s open-source AI model race.
Z.ai’s Latest Model Intensifies Competition for Low-Cost Offerings
The new GLM-5.3 Flash model is even cheaper than DeepSeek’s latest low-cost model.
U.S. Judge Orders Pentagon to Rescind Blacklisting of Anthropic
Ruling blasts the government's move as illegal retaliation for the company’s criticism of the Trump administration
OpenAI Leads New Call for Cyberdefense of Critical Infrastructure
Over 100 tech, finance and other companies signed the statement.
Workday Revenue Growth Flattens But Execs Suggest an AI-Related Boost is Coming
Investors are still waiting for AI to boost overall revenues.
Exclusive: Gibson Dunn Hires Paul Weiss Tech Lawyer Ashtor
This is the latest in Gibson Dunn’s aggressive push to recruit from rivals.
Nvidia Agrees to Buy Hugging Face For $12.9 Billion
Nvidia is making a big play to shepherd the open-source AI movement as a counterweight to Anthropic.
SoftBank Explores Buying Majority Stake in 1X Humanoid Maker
The robotics startup fell short of raising a hoped-for $1 billion.
Hundreds of OpenAI Agents Attacked Hugging Face, Independent Investigation Finds
Agents “sacrificed” themselves to benefit the collective and sought to conceal their cheating.
Four-month-old AI Assistant Startup Instinct Raises at a $2.5 Billion Valuation
The startup, which launched its product only a few months ago, has drawn significant buzz in Silicon Valley
Nvidia Says Revenue Rose 106% in July Quarter and Projected Strong Growth Next Year
Nvidia also disclosed $99 billion in equity investments.
Salesforce Stock Jumps as Company Lifts Annual Revenue Guidance
Salesforce lifted its annual revenue forecast to as high as $46.4 billion from $46.2 billion.
Datadog Shares Jump 5% on Report That Palo Alto Networks Previously Explored an Acquisition
Behind Arora’s dealmaking is his conviction that AI will fundamentally change how companies protect IT systems against cyber threats.
Meta Reaches Up To $18 Billion Settlement Over Child-Harm Claims
Agreement with attorneys general from 52 states and territories also requires the company to change its platforms to make them safer for kids
Chinese AI Firm MiniMax’s ARR Jumps to $800 Million
The bulk of MiniMax’s revenue now comes from enterprise customers paying for the company’s AI video model and large language models.
Bill Gates Warns that AI Will Cause Mass Unemployment Without Intervention
It was a stark warning from Gates, whose views on generative AI have changed dramatically in recent years.
DeepSeek’s Revenue Reaches $70 Million as of July, Tenfold Jump from 2025
DeepSeek’s revenue growth could give a boost to its funding talks and a potential initial public offering down the line.
OpenAI Says Its Jalapeño AI Chip Is Better Than Nvidia’s Blackwell
OpenAI is one of the biggest drivers of demand for AI compute, and is trying to get server chips from anywhere and everywhere—now including itself.
Exclusive: Second OpenAI Sales Exec to Return to Salesforce
Peter Doolan, the former chief customer officer of Slack, had joined OpenAI in April.
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