PayPal CEO Says ‘Open’ To Evaluating Deal Offers
PayPal shares jumped 4% after reporting second-quarter revenue growth.
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The Information AM
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Meta and BlackRock Partner on $14bn El Paso Data Center
The joint venture underscore the growing demand for capital to fund AI infrastructure
Taiwan Detains Nvidia Employee in China Chip Smuggling Probe
The detention is part of an ongoing investigation into the alleged smuggling of Nvidia chips into China.
ASML Shares Slide After Information Report on China Producing DUV Tool
If the Chinese company can successfully manufacture the tools, it could eat into the Dutch chipmaking company’s dominant market position.
Microsoft Launches Mythos Competitor, New Homegrown AI for Cybersecurity
Microsoft wants to cash in on rising cybersecurity spending as companies prepare for AI-powered threats.
Amazon Files FCC Application to Provide Direct Cell Service
Following the Globalstar acquisition, Amazon Leo is aiming to operate 5,105 low Earth satellites
Beijing Strikes Back At Washington’s AI Distillation Accusation
Tensions are rising after Chinese startup Moonshot AI’s powerful open-source model disrupted Silicon Valley.
Nvidia Makes Multibillion Dollar Investment in Ilya Sutskever’s Safe Superintelligence
Sutskever said in a statement that Safe Superintelligence is 'focused on overlooked aspects of how the human brain functions.'
Nvidia to Invest $1 Billion in South Korea’s Naver for AI Data Center Expansion
As more countries around the world try to build up their own AI capabilities, Nvidia is looking to seize the business opportunities.
China Memory Chipmaker CXMT Soars 472% in Shanghai Debut
The blockbuster listing makes CXMT mainland China’s largest listed company as Apple weighs using its chips and Washington considers tighter restrictions.
Shein’s Hong Kong IPO Filing Reveals Damage Done By End of De Minimis Rule
Shein's revenue growth slowed to 1.1% in the first quarter, while U.S. revenues shrank 14%.
DeepSeek Puts Current Funding Round on Hold
The pause comes after a recent leak of the firm’s investor call transcript and the success of rival Moonshot AI’s new Kimi K3 model.
SpaceX completes first Starship test flight since IPO
The test flight marked several key milestones for SpaceX, including deploying 20 of its next generation Starlink satellites into orbit for the first time before they were intentionally deorbited.
Nvidia Forms $500 Billion AI ‘Partnership’ With Memory Chip Giant SK
The AI giant is continuing to use its balance sheet to help its biggest customers and partners buy and manufacture its AI servers.
Waymo Said to Explore Ending its Partnership With Uber
The report sent Uber’s shares down 4%
Meta, Microsoft, Nvidia and Others Sign Letter Defending Open-Source AI
The statement comes as the Trump administration weighs open-source restrictions.
OpenAI President Endorses Musk’s Proposal For Industry Meetings on AI Safety
In a press briefing, OpenAI president Greg Brockman shared his thoughts about a recent Elon Musk proposal and Chinese open-source models.
Amazon Shuts AI Agent Research Lab In AGI Layoffs
Founded in late 2024, Amazon's AGI Lab combined long-term research and product development aimed at making AI agents more useful to businesses.
Google Says It Holds $94.1 Billion in SpaceX Stock
SpaceX shares closed at $118.24 Thursday, down from the $135 IPO price.
Stripe in Talks to Buy Startup OpenRouter
Databricks previously held M&A discussions with the startup.
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