Arm’s Revenue Fell 1% Last Year
Details of Arm's financial performance are expected to become public with its IPO filing next week.
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Amazon Tries to Attract Creators With Cash Offers for Videos
Creators mocked offers from Amazon to create videos for its new TikTok-like feed for being too low.
Checkout.com Terminates Contract with Binance
Binance was once the largest customer at Checkout, which also works with crypto companies such as Blockchain.com, Crypto.com and MoonPay.
Instacart Aims for September IPO
The listing would cap more than a year of will-they-or-won't-they speculation about the grocery delivery firm's listing aspirations.
Meta Preps Free Coding Software in Challenge to OpenAI
The budding AI-coding sector could be turned upside down.
Microsoft Plans New AI Service With Databricks, Hedging OpenAI Bet
Microsoft has found a second horse to ride in the AI race.
SpaceX Profit Hit $55 Million in First Quarter
Elon Musk’s rocket company reportedly lost $559 million in 2022.
Securitize Buys Crypto Investing Startup Onramp
Securitize offers blockchain-based private equity investments from firms including KKR.
NYC Bans TikTok from City-Owned Devices
The city’s directive cited Office of Management and Budget guidelines and federal legislation that have ordered the same.
Cisco Shares Rise on Strong Order Growth, Demand for AI Projects
Cisco Systems executives struck an optimistic tone on an earnings call, suggesting that customers are loosening the purse strings for AI projects.
GM Leads Investment in Iron-based Battery Maker
Money is part of Mitra Chem's $60 million Series B round.
Amazon to Impose Fee on Merchants Who Do Their Own Shipping
The retailer is imposing the new fee as the FTC is preparing to file a case against it.
Intel Drops Plan to Acquire Tower Semiconductor After China Objects
Intel hoped $5.4 billion deal would help it expand its foundry business.
DOJ Forced Resignation of Pinterest Directors from Nextdoor Board
The Justice Department said it has asked 15 directors to leave 11 boards so far as part of an antitrust sweep.
Coinbase Approved to Directly Offer Crypto Futures in U.S.
Coinbase already offers futures contracts to both retail and institutional users through Coinbase Derivatives Exchange.
X Throttled Access to Facebook, New York Times and Other Sites
Throttling appears to have been reversed after several hours.
Venture Capital Firms Struggle to Raise Funds in China
Chinese funds hoping to raise U.S. dollars from overseas backers face growing challenges, in part due to rising tensions between Washington and Beijing.
Google’s Rival to OpenAI, Gemini, Will Power Chatbot, Enterprise Apps
Google is about to launch a battle of "multimodal" artificial intelligence software.
Underwear Startup Parade Sells Itself
The deal adds to a wave of sales by direct-to-consumer startups, which have struggled to turn devoted online followings into profitable growth.
Lending Startups Seek Buyers as Rate Hikes Hobble Growth
Venture-backed consumer lending startups are starting to fold their cards.
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