Figma Sees Revenue Growth Jump as New AI Pricing Sticks
The design-software company's stock rose more than 8% after reporting its first quarter financial results.
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Microsoft Names Former EY CEO to Board
Carmine Di Sibio previously spent more than 24 years at EY, ultimately serving as its CEO and chairman from 2019 to 2024.
Crypto Bill Advances in Senate, a Win Against Banks
A long-stalled crypto bill, the Clarity Act, moved one step closer to law.
U.S. Wireless Carriers to Work Together on Direct-to-Mobile Service
The arrangement could change how the mobile carriers do business with SpaceX’s Starlink Mobile service and other direct-to-cell providers.
Cerebras Shares Jump 68% in IPO Debut
Among the big winners from the IPO was venture capital firm Benchmark, which stands to make 12 times on its initial investment.
Treasury Secretary Bessent: U.S. and China Will Discuss “AI Guardrails”
Bessent said the U.S. can hold AI talks with China because the U.S. is the “undisputed leader” in AI.
Chinese Premier to U.S. CEOs: the Two Countries Should Be Friends, Partners
More than a dozen executives, including Tim Cook, Jensen Huang and Elon Musk, met with China’s No.2 official.
U.S. Clears Nvidia H200 Chip Sales to 10 Chinese Firms
Despite Washington's approval, Nvidia still faces hurdles due to Beijing's restrictions on Chinese companies' purchases of the H200 chips.
Cisco Shares Jump 18% as Cloud Providers Increase AI Product Orders
Cisco Systems, the world's largest seller of networking switches and routers, is benefits as major cloud providers respond to surging customer demand for AI.
Fervo Raises Nearly $2 Billion in IPO
Enhanced geothermal provider aims to deliver clean, reliable power for AI data centers.
Microsoft Says It Spent More Than $100 Billion on OpenAI
That includes the $13 billion Microsoft invested in OpenAI, as well as the costs of building and running infrastructure—including new data centers—for OpenAI.
Latest Version of Anthropic’s Mythos AI is Even Better at Hacking, UK Researchers Say
AISI researchers said the newer Mythos model conducted cyberattacks that the earlier version couldn’t do.
Alibaba Expects $4.4 Billion in Annualized AI Revenue by Year-End
The Chinese tech giant is counting on AI services to drive the growth of Alibaba Cloud.
Tencent Says China’s AI Chip Crunch Is Easing, Plans to Spend More
Tencent said the company is working on a larger new AI model as it races to close the gap with rivals in China’s fiercely competitive AI market.
Rent the Runway Cofounder to Step Down as CEO
Jennifer Hyman, who founded the clothing rental company in 2009, turned over control of the company to lenders last year.
Nebius Reports 700% Increase in Q1 Revenue
Nebius' customers include both Meta and Microsoft.
Nvidia’s Jensen Huang Included in Trump Trip
Trump called Jensen Huang and invited him after seeing reports that he had been left out of the trip.
Amazon Drops ‘Rufus’ Branding on Shopping Chatbot, Adds AI in Search
AI shopping on Amazon’s retail site and app now branded “Alexa for Shopping”
Former Alibaba Star Researcher Starts New AI Lab, Seeks $2 Billion Valuation
The high target valuation reflects Lin’s accomplishments at Alibaba and growing investor euphoria for AI stocks.
Nvidia CEO’s Charitable Foundation Signs GPU Deal With CoreWeave
Nvidia is both an investor in CoreWeave and its most important supplier.
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