Meta Is Building an AI Agent Called ‘Hatch’ and an AI Shopping Tool
The efforts are key parts of CEO Mark Zuckerberg’s push to develop new products to deliver returns on Meta’s huge investments in AI.
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Brockman Says Elon Musk Does Not Know AI
Musk did not recognize the potential of early versions of ChatGPT, Brockman said.
Google DeepMind Employees Launch Unionization Effort, Citing Military AI Deals
Workers said they were unionizing to end use of their technology by Israel, via the Project Nimbus cloud computing project, and the U.S. military.
PayPal CEO Defends Keeping Venmo, Braintree Amid Sale Questions
PayPal’s main businesses are “stronger together” because they have overlapping customers and technology, CEO argues.
Microsoft Scraps AI Chatbot For Xbox, Shuffles Gaming Leadership
Sharma is trying to win back gamers’ trust and reinvigorate Xbox sales, which fell 5% in the first quarter from a year earlier.
ElevenLabs Hits $500 Million in Annualized Revenue, Adds Nvidia as an Investor
The AI voice startup said Tuesday it had surpassed $500 million in annualized recurring revenue, up from $350 million at the end of last year.
Elon Musk’s Voting Control of SpaceX Jumped to 84%, New Filing Shows
Musk’s equity stake also grew to 42.5% from 41.5% over the same period, FCC documents show.
U.S. Commerce Department Agency to Test Google, Microsoft, xAI Models
The new partnerships with Google, Microsoft and xAI will allow the Commerce Department to assess models before they are publicly available.
Apple Looks to Diversify Chip Manufacturing with Intel and Samsung
Apple has faced chip supply constraints over last two quarters
Shopify Shares Slide on Predicted Revenue Slowdown
The commerce giant said LLM costs had weighed on software margins.
Coinbase to Cut 14% Jobs, Citing Market Conditions and AI
The job cuts will affect about 700 employees and eliminate “pure managers.”
a16z Crypto Raises $2.2 Billion for New Fund
Andreessen Horowitz returned to the market with its first new crypto fund since 2022.
ServiceNow Expects Revenue Will Double to $32 Billion by 2030
The projection assumes that ServiceNow will succeed in its strategy of selling software for managing AI agents in addition to its current role of primarily helping companies track and manage IT issues.
Bank Trade Groups Say Stablecoin Reward Compromise ‘Falls Short’
The surprise statement shows banks are not yet satisfied with current bill language.
AI Startup Sierra Says It’s Raising at Over $15 Billion Valuation
The AI customer service agent startup said Monday it is raising $950 million in a funding round led by Tiger Global Management and Google Ventures.
Palantir Shares Flat After Earnings Despite U.S. Sales Growth
Palantir is benefiting as more U.S.-based companies and government agencies build AI applications, prompting the company to raise its annual sales forecast.
Trump Administration Weighs New AI Model Guardrails
The White House is considering an executive order that would bring together AI executives and government officials to review regulations.
Cisco to Acquire Agent Security Startup Astrix
Cisco announced its intent to acquire Israeli cybersecurity startup Astrix, confirming The Information’s report from April.
Pinterest Reports 18% Revenue Growth in Q1
The digital bulletin board firm said its monthly active user count grew 11%, down a slightly slower growth rate than the fourth quarter.
OpenAI Sets up $10 Billion Private-Equity Joint Venture
The money will help OpenAI hire these consultants rapidly.
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