OpenAI Decides Not to Split From Its Nonprofit, Handing Musk a Partial Victory
The reversal is a win for OpenAI co-founder-turned-rival Elon Musk.
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Trading App eToro Moves Ahead With IPO Plans
The company and its shareholders seek to raise up to $500 million in offering.
Top Trump Trade Official Advised Shein Prior To Joining Administration
Jamieson Greer, now the U.S. Trade Representative, advised Shein executives while at law firm King & Spalding, Wired reported.
Apple Plans iPhone Release Schedule Shakeup, New Styles
Apple’s hope is to rejuvenate long-stagnant sales of the iPhone by staggering its release and adding bigger upgrades, but there are risks involved.
Trump Open to Another TikTok Deal Extension
The president says he has “a little warm spot” in his heart for the app.
Warren Buffett to Exit Berkshire Hathaway
Investor makes surprise announcement at annual shareholder meeting.
Apple Teams Up With Anthropic in AI Coding Push
Apple, after struggling to build a AI coding tool for internal developers, is getting help from Anthropic, whose Claude models are well-regarded in this area.
MoneyGram Makes Crypto Push
The international money transfer firm will provide cash deposit and withdrawals capability for users of crypto apps.
Apollo Invested $25 Billion During Tariff Turmoil
Private-equity firm has a history of investing in downturns, including in Airbnb and Expedia during pandemic.
DOJ’s Google Data Sharing Proposal was Based on Google-Yahoo Japan Deal
Google has argued that the Department of Justice’s data sharing proposal would create privacy concerns and make it “unviable” for Google to continue investing in research and development.
Mozilla Says Revenue Would Drop ‘Precipitously’ Without Google Deal
Eighty five percent of Mozilla's revenue last year came from Google.
Temu Asks China-based Merchants to Fulfill Orders On Their Own
The move also marks a sea change to the bargain shopping site’s original model, under which it exercised tight control over merchants, dictating what they can sell and at what prices.
Judge Throws Out Some of Musk’s Claims Against OpenAI
The remaining claims will go to trial next March.
Instacart Revenue Rises on Ad Sales, Order Volume
Orders rise to highest in 10 quarters as shoppers took advantage of free delivery fees.
Airbnb Posts 6% Revenue Growth as Uncertainty Weighs on Travelers
Airbnb's first-quarter revenue growth was its slowest since the start of the 2021.
OpenAI Lawyer Suggests Coalition Opposing Conversion Has Ties to Musk
The coalition denies Musk's involvement.
Reddit Stock Surges on 61% Revenue Growth
Growth in Revenue and Daily Active Unique Visitors Slowed from the Prior Quarter
Trump’s Stablecoin Used in Abu Dhabi’s $2 Billion Binance Deal
Trump family business stands to benefit from interest income generated from Trump stablecoin.
Apple Posts 5% Higher Revenues as iPhone Sales Rise Slightly
Apple's services revenue rose 12% in the quarter.
Amazon Reports Steady First Quarter Results, Including 9% Sales Growth
The company also added new language to the financial guidance section of its earnings release, noting that “tariff and trade policies” could materially affect its performance.
Weekday mornings
The Information AM by The Information Staff
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