UPS to Cut 20,000 Jobs as Amazon Deal Shrinks
The cuts, which represent about 4% of UPS’s workforce, are part of a plan to respond to lower volumes from its largest customer.
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Meta Announces Llama API at Developer Conference
The API could help Meta more effectively sell its artificial intelligence models to business customers, after Llama has struggled to gain traction on cloud services.
Mastercard Announces Tools to Manage AI Agent Payments Risks
The tools will verify agents are authorized to make purchases on users’ behalf.
Meta Release Standalone App for Meta AI Assistant
Meta converted its Meta View smartphone app, which people used to manage their Ray-Ban smart glasses, into a more general app for the assistant.
White House Slams Amazon After Report it Will Highlight Tariff Costs
President Donald Trump’s press secretary called it a “hostile and political act by Amazon."
Spotify Lifts Revenue 15% Despite Soft Ad Pricing
The quarter shows how the music streaming-and-podcasting firm has benefited from raising prices on its premium subscription offering.
Alibaba Launches New Generation of Open-Source AI Models
Like DeepSeek, Alibaba could further disrupt the global market with more affordable alternatives to proprietary AI models.
Amazon’s First Project Kuiper Satellites Launch
The launch is a key step in Amazon’s launch of a satellite internet service.
Wall Street Banks Offload Last Of Twitter Debt
A group of Wall Street banks sold the final tranches of debt it lent Elon Musk in 2022 for his takeover of Twitter, now called X.
UK DeepMind Staff Seek to Unionize
The unionization push follows employee discontent over Google providing cloud computing services to the Israeli Ministry of Defense.
Palo Alto Networks to Buy Cybersecurity Startup Protect AI
Artificial intelligence advances have opened a new market for cybersecurity vendors.
Music Creation Startup Splice Buys Spitfire Audio
Spitfire’s catalog includes work from the composer behind music in The Lion King, Inception, Dune and Dunkirk.
OpenAI Adds Shopping Features to Search Results
The move heightens competition with search giant Google.
Spotify Paid Out $100 Million to Podcasters in First Quarter
Spotify, which has been pushing video and audio podcasts on its service, said it paid more than $100 million to creators during the first quarter.
Huawei to Test New AI Chip
Chinese Tech Company's Chip Is Meant to Compete With Nvidia Offerings
Alphabet CEO Sundar Pichai Says Waymos Could Be Personally Owned in Future
Pichai added that the robotaxi business is now completing 250,000 paid trips weekly
DoorDash Offers to Buy Deliveroo for About $3.5 Billion
A prior takeover discussion fell apart last year after the companies disagreed on valuation, according to Reuters.
Deel Paints Alleged Spy As ‘Whistleblower’, Launches Countersuit
Deel claims that Rippling has defamed Deel and interfered with its business in new countersuit.
Weekday mornings
The Information AM by The Information Staff
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