Intuit Lays Off 17% of Staff as Revenue Growth Sinks to Lowest Level Since 2024
Intuit shares dropped around 14% in extended trading on Wednesday.
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Nvidia Projects 95% Sales Growth in the Current Quarter
The AI boom is far from peaking, Nvidia results suggest.
Mercury Hits $5.2 Billion Valuation After Funding Round
Fintech startup Mercury said it raised $200 million at a $5.2 billion valuation.
OpenAI Prepares to File for IPO in Coming Weeks
A filing could put it in line to beat Anthropic to a public listing.
GitHub Says Hackers Breached Company Systems, Stole Data
GitHub said hackers broke into an employee’s device using a vulnerability in an extension to Microsoft's VSCode application.
James Murdoch Buys New York Magazine and Vox Podcasts
Vox Media is splitting into two companies, with web sites such as SB Nation and The Verge becoming part of a new company to be run by company president Ryan Pauley.
Meta Begins Cutting 8,000 Jobs
The company has begun notifying 10% of its workforce that they are being laid off.
Alibaba Unveils New AI Chip as China Accelerates Adoption of Domestic Chips
Domestic AI chip suppliers have an increasingly important role to play, as China pushes to reduce its dependence on Nvidia.
Sam Altman Offers YC Founders $2 Million in OpenAI Tokens For Equity
OpenAI is dangling the offer to encourage young startups to develop with its models.
Goldman Sachs to Lead SpaceX IPO
The "lead left" position would put Goldman in the driver's seat for what will likely be the largest IPO ever.
SpaceX to Acquire Cursor 30 Days After IPO
The IPO is expected to be the largest in U.S. history.
Google Unveils Expanded Lineup of AI Shopping Tools
Google will further embed shopping features across its range of products, including search, Gmail, YouTube and Gemini.
Google DeepMind Hires Staff, Licenses Technology from Contextual AI
Google DeepMind agreed to pay between $80 million and $90 million to hire over 20 researchers from the AI agent startup and to license its technology.
Google Unveils New Video Model, Search Upgrades
Tuesday’s announcements highlight where Google is making strides, particularly in multimodal AI and consumer growth, and where it’s playing catch-up, especially on coding.
Analog Devices Near Deal to Buy AI Power Chip Startup for $1.5 Billion
Empower’s devices helps AI chips manage electricity to be more efficient.
AMD CEO Lisa Su Meets With Chinese Vice Premier
Su expressed interest in increasing investments in China.
Google and Blackstone to Create TPU Cloud Provider
Google will be a minority equity owner in the business and will also provide the venture with TPU hardware.
Meta Shifts Thousands of Workers to New AI Groups as Layoffs Loom
Managers are adapting organizational structures for AI, top executive says.
Seagate Stock Falls on CEO Comments Suggesting Manufacturing Pullback
Shares fell after CEO William Mosley said the maker of hard disk drives for data storage would prioritize increasing unit capacity over building new factories.
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