Lyft Reports Strong Demand, Expects Growth Slowdown
Its European taxi business and a record share of rides booked through partnerships lifted the average value of each trip.
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Recent Editions
Salesforce Plans 133 Layoffs in Washington, California
Some 74 employees will be cut in San Francisco, California, while 59 will be laid off in Bellevue and Seattle, Washington.
Airbnb Raises its Forecast as Travel Demand Rebounds
Airbnb now expects full-year revenue to grow "at least mid teens," up from "low to mid teens" guidance in the first quarter.
OpenAI Asks Judge to Dismiss Apple Lawsuit
In its motion to dismiss, the AI startup accused Apple of failing to provide evidence of specific trade secrets that OpenAI employees stole.
Atlassian Stock Soars on Strong Cloud Revenue Growth
Atlassian CEO and cofounder Mike Cannon-Brookes said he planned to start buying as much as $250 million in shares, signaling his confidence in the stock.
Alphabet Draws Strong Demand for $25 Billion Debt Sale With Higher Yields
The parent of Google offered a new-issue concession to attract buyers and move beyond a period in which investors had shown less appetite for tech company debt.
OpenAI’s Smart Speaker Will Cost Over $300
The first device in OpenAI’s new family of hardware devices is expected to be released next year.
Pinterest Hires New Content Executive Amid C-Suite Shakeup
The company has reaccelerated revenue growth this year after a dip in the fourth quarter
Exclusive: Stripe in Exclusive Talks to Buy Startup OpenRouter for Around $10 Billion
OpenRouter has been fielding takeover interests from other big tech companies.
SoftBank Borrows Against OpenAI Stake as It Invests More
The loan is the latest sign of the financial high-wire that the Japanese investment giant is walking with its OpenAI foray.
WBD Reports Drop in Revenue, Profits As Ownership in Limbo
The weak results spotlight a challenge facing WBD management, which has spent much of the past year negotiating a sale of part or all of the company.
DeepSeek Resumes Funding Talks, Plans to Hike Model Prices
The Chinese AI developer is looking to raise $7.4 billion at a $74 billion valuation.
Salesforce Engineering Chief Steps Down in Leadership Shuffle
Srini Tallapragada, Salesforce's chief engineering officer since 2019, is stepping down to serve as an advisor, as part of several new leadership changes.
Figma Stock Falls As Revenue Guidance Disappoints, Executives Depart
Figma said its chief marketing officer Sheila Vashee and chief product officer Yuhki Yamashita would be leaving the company.
Meta Debuts New AI Coding Tools
Muse Code and Muse Spark 1.2 mark Meta's latest push to narrow the gap with Anthropic and OpenAI.
White House Briefs Companies on Voluntary AI Framework
The Trump administration rolled out the new guidelines at an industry meeting on Tuesday.
Jeff Dean Leaves Google as Demis Hassabis Steps Aside as Google DeepMind CEO
The changes will likely strike a blow to morale at Google DeepMind, which has already seen a string of departures, and could complicate its efforts to catch up in the AI race.
Shopify Stock Soars on Strong Revenue Growth
Shopify president Harley Finkelstein said AI search was "particularly helpful to some of the smaller brands," which make up most of Shopify's merchant base.
Disney’s Streaming Revenues Grow 11% Despite Ad Weakness
Disney's results showed that streaming growth is coming almost entirely from the subscription side, rather than advertising.
Uber Plans to Invest $10 Billion Over Time in Autonomous Vehicle Fleet Expansion
Uber has partnered with a very wide range of autonomous vehicle developers, making their cars available on its platform, as it endeavors to keep ahead of the technological transition.
Weekday mornings
The Information AM by The Information Staff
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