Exclusive: Scale Investor Dan Levine Steps Back From Accel
The VC firm disclosed the change to its limited partners.
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Recent Editions
Anthropic Signs $1.8 Billion Cloud Deal with Akamai
That deal sent the content delivery network provider’s stock soaring 27% on Friday.
Exclusive: Salesforce Chief Communications Officer to Depart
Carolyn Guss is one of a number of executives to leave Salesforce in recent months.
Apple and Intel Have Reached “Preliminary” Chip Manufacturing Deal
Apple has faced chip supply constraints recently
Microsoft Shares Sink After TCI Cuts $8 Billion Stake
TCI cited “uncertainty over Microsoft’s competitive position in the future” due to AI disrupting software like Office.
HubSpot Forecasts Slowing Quarterly Sales Growth, Shares Drop 20%
HubSpot says customer adoption of its AI products is growing, but it's not clear if that is driving sales of its other products.
Musk’s Legal Expert Says OpenAI Foundation Should Have “A Lot More” Than $200 Billion
Musk’s expert said that OpenAI’s alleged actions were inconsistent with nonprofit customs.
Cloudflare Cites AI in Cutting a Fifth of Its Workforce
Web infrastructure company announces layoffs along with quarterly results that sent its stock down sharply.
Coinbase Revenue Fell 31% as Crypto Market Slumps
The crypto exchange plans to “dynamically adjust” expense base in response to market conditions.
CoreWeave Reports $100 Billion Backlog, Stock Falls 9%
In the past few weeks, CoreWeave has signed multi-year contracts totalling tens of billions of dollars, including with Meta Platforms and Anthropic.
Airbnb’s Revenue Growth Accelerates to 18%
The Middle Eastern war has caused some cancellations this quarter.
Broadcom Shares Dip After Report On $18 Billion Financing Snag In OpenAI Chip Deal
Microsoft must agree to buy roughly 40% of the chips before Broadcom will finance their production.
Datadog Shares Jump 30% After CEO Says AI is Boosting Sales
Datadog's revelation that AI is driving product sales is apparently easing investors' fears about the impact AI could have on its business.
Anthropic’s Amodei Says ‘80X’ Revenue, Usage Increase Surprised Company
Amodei said compute from the SpaceX transaction should help.
Musk Ally Testifies He Once Offered Sam Altman a Tesla Board Seat
Shivon Zilis, during cross examination, talked about Musk’s efforts to subsume OpenAI under Tesla.
Snap’s Ad Revenue Growth Slowed to 3% in First Quarter
Snap's business is getting a lift by strong growth in its subscriptions business, which now accounts for 19% of revenue.
Warner Bros Discovery’s Revenues Fall 3% in March Quarter
WBD's results highlight the challenges facing Paramount Skydance, which is buying WBD later this year.
Nvidia Inks Deal To Invest Up To $3.2 Billion in Corning
The chipmaker is partnering with Corning, which makes optical cables for data centers, to expand its manufacturing capacity.
DoorDash’s Revenue Growth Lifted By Deliveroo Purchase
DoorDash shares were up 11% in after-hours trading.
Anthropic Says It’s Buying 100% of Compute From xAI’s Colossus Data Center
SpaceX CEO Elon Musk said he’d agreed to the deal after spending time with the Anthropic team last week and that xAI would continue to train its models at its second data center in Memphis.
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