Tesla’s Revenue Climbed 26% in the Second Quarter
Even as the company generated more cash from its day-to-day business, it spent heavily on new manufacturing capacity and AI projects.
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Google Cloud Growth Drives Alphabet 24% Revenue Increase
Google also increased its capital expenditure projection for full-year 2026 to $195 billion to $205 billion from $180 billion to $190 billion
ServiceNow Reports Accelerating Second Quarter Growth
The acceleration was partly due to strong demand from the federal government that pulled business into the second quarter from the third quarter.
Amazon Cuts Staff to Division Working on Homegrown Models
Amazon is still committed to the creation of Nova models, but is focusing on certain areas, including its Nova Forge service
Exclusive: Cursor Launches Model Router
The product comes amid enthusiasm for cost-saving routers.
AMD to Invest Up to $5 Billion in Anthropic, Strikes Chip Deal
Anthropic continues to diversify its AI server suppliers.
Department of Energy Partners with American Open-Weight Model Provider Arcee
The partnership is part of a DOE effort to use AI to accelerate research at national labs
Monday.com to Cut 20% of Workforce
Monday.com had planned to expand its workforce by 20% but it has gradually retreated from those plans over the past six months.
Exclusive: Veteran Fidelity Fund Manager Joins Michael Dell’s Family Office
Benjamin, a longtime fund manager, managed the $55 billion Fidelity Select Semiconductors mutual fund.
U.S. and China Plan to Hold AI Talks in September
The AI race between the U.S. and China is intensifying, as Chinese AI firms roll out increasingly powerful open-source models that challenge Silicon Valley.
OpenAI Names Two Banking CEOs to Board of Directors
OpenAI is adding two new members to its board of directors, Nubank CEO David Vélez and Bank of New York Mellon CEO Robin Vince.
AI Server Maker Supermicro Surged 17% After Announcing New Orders
SpaceXAI is a likely contributor to Supermicro’s backlog orders.
OpenAI Says Its AI Broke Containment, Went to Internet and Hacked Hugging Face
The incident shows how AI models have in some ways exceeded human cybersecurity capabilities.
AWS VP Who Led Agent-Building Service Departed After Eight Months
David Richardson, an early AWS employee who left three years ago for a role at Stripe and then rejoined AWS last fall, has left his role as VP of AgentCore.
Google Releases New Gemini Flash Models, But Flagship Still Delayed
"Gemini 3.5 Pro is currently testing with partners and we plan to make it broadly available as soon as it’s ready,” a Google DeepMind director wrote.
Treasury Secretary Scott Bessent Warns of Chinese Theft of AI Intellectual Property
Bessent reiterated the Trump administration’s support for U.S. open source on a Fox Business appearance.
Tesla Expands Robotaxi Service in Florida
Tesla has publicly targeted Arizona and Nevada as the next locations for the Robotaxi expansion.
Microsoft Commits Billions for ‘Shared’ GPUs With Europe’s Mistral
The move follows Microsoft’s pledge last year to spend more money on building new data centers in Europe.
Chinese Fintech Giant Ant Group’s Overseas Arm Raises $1.2 Billion
Ant International will use the proceeds to accelerate the expansion of its global payment network.
China’s Zhipu AI Builds Data Center Using Only Domestic Chips
As the U.S.-China AI rivalry escalates, China is stepping up its effort to reduce its dependence on Nvidia chips.
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