Palantir, Dell Join S&P 500 Index as AI Revenue Boosts Their Shares
The move will buoy shares of both companies as inclusion in the index makes them part of more people's passive investments.
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Recent Editions
Launch of New Rocket From Bezos’ Blue Origin Delayed
After a decision by NASA, the first launch of Blue Origin’s New Glenn rocket is planned for November instead of October.
Qualcomm Said to Consider Buying Intel’s PC Design Business
A bruising second quarter for Intel could set the conditions for a sell-off.
U.K. Objects to Google’s Ad Practices
The UK Competition and Markets Authority alleged that Google is using anti-competitive practices to advantage its own ad exchange.
Google Antitrust Punishment May Not Be Decided Until August 2025
Federal antitrust lawyers will have plenty of time to propose punishments such as forcing Google-parent Alphabet to carve off businesses.
TPG In Talks To Buy Stake in Resale Site Vinted
The potential deal would be notable in an otherwise slow consumer sector.
Salesforce to Buy Data Management Firm ‘Own’ for $1.9 Billion
It’s Salesforce’s second acquisition this week, showing how CEO Marc Benioff may be changing his playbook after pledging to slow down deals last year following pressure from activist investors.
OnlyFans Revenue Jumped 20% in 2023
Unlike other creator economy startups, OnlyFans’ business has continued to boom post pandemic.
Broadcom CEO: Tech Giants’ Shift Toward Custom AI Chips Will Accelerate
Broadcom, which helps tech giants like Google and Meta Platforms design custom AI chips, could benefit from the trend.
Trump Says He’ll Appoint Musk to Lead an Audit of Federal Spending
Tesla CEO has become a vocal supporter of the former president
Billionaire Larry Ellison Will Control Paramount After Skydance Deal Closes
Ellison will control 77.5% of Paramount Global after his son's deal to buy Paramount's current owner and merge Paramount with his Skydance studio closes.
Nvidia Backs Applied Digital, a GPU Data Center and Cloud Startup
Nvidia has also backed CoreWeave, a larger startup that also rents access to its GPUs.
Shares of AI Software Firm C3.ai Drop 17% Despite Stronger Revenue Growth Projection
In response to a question about “lumpy” subscription revenue, CEO Tom Siebel said it would fluctuate between 10% to 20% of total revenue for a while.
Elon Musk’s X Launches New TV App
X hopes to revive its deteriorating advertising business with a new streaming app featuring videos from sports leagues, creators and others.
Uniswap Settles With CFTC Over Leveraged Retail Crypto Trading
The decentralized crypto exchange agrees to pay a $175,000 fine without agreeing or denying the findings.
Andreessen Horowitz Closes Miami Office
Miami startups inked only 71 VC deals in the second quarter, according to PitchBook data.
Safe Superintelligence Inc Raises $1 Billion
Investors in the company include NFDG, Andreessen Horowitz, Sequoia Capital, DST Global and SV Angel.
Microsoft-Inflection Deal Cleared by UK Antitrust Regulator
The regulator found that Microsoft’s deal to hire Inflection’s staff and license its AI should be considered a merger, but was not likely to harm competition.
Alibaba’s Domestic Shopping Sites to Accept Tencent’s WeChat Pay
Alibaba's move to accept rival Tencent's payment service comes after the Chinese government's antitrust crackdown between 2021 and 2022.
Altman’s AI Data Center, Power Project Could Start in U.S.
Altman has said other companies, in addition to OpenAI, would benefit from the project, which would include the build out of data centers, power facilities and chip manufacturing plants to expand AI computing capacity.
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