TikTok Challenger Flip Shuts Down
The social commerce app tried to grow by paying users and creators to post and shop.
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China’s Government Warns Against “Disorderly” AI Competition
The government official’s remarks come as Chinese tech giants and startups are racing to launch new AI models and applications.
Alibaba’s Cloud Revenue Jumps 26% Thanks to AI Boost
The solid growth in cloud services revenue came after Alibaba launched its Qwen3 open-source AI models.
CFTC Outlines Path for Offshore Crypto Exchanges to Bring on U.S. Users
The regulator’s guidance could benefit firms like Binance and bring competition to Coinbase.
Microsoft Unveils AI Models to Lessen Its Reliance on OpenAI’s
Microsoft has developed the models over the past year to reduce its reliance on OpenAI’s artificial intelligence in powering Copilot products.
Stablecoin Card Startup Rain Raises $58 Million Led By Sapphire Ventures
The deal is enterprise tech investor Sapphire Ventures’ first stablecoin-related investment.
ByteDance Plans Share Buyback at $330 Billion Valuation
The firm’s revenue is on par with Meta Platforms, but its valuation is much lower than Meta’s due in part to the threat of a TikTok ban.
Snowflake Shares Jump as AI Helps Boost Sales in Q2
Snowflake is taking a measured approach in getting its customers to use AI in conjunction with the data they store in its database, and that seems to be working.
Nvidia Projects Strong Revenue Growth, Says U.S. Wants 15% Cut of China Sales
The company expects at least $3 trillion in AI infrastructure spending globally by the end of the decade.
Vast Data Aims to Go Public Second Half of 2026 or Later
Vast's customers include Elon Musk-run businesses xAI and Tesla and its bookings grew around 300% to nearly $800 million in the 12 months that ended Jan. 31
SpaceX Aces Tenth Test Launch of Starship Rocket
The Mars rocket had suffered a series of setbacks during previous test launches.
Anthropic to Settle Copyright Suit
The settlement would allow Anthropic to duck potentially billions in damages.
Fanatics Taps Jeremi Gorman to Lead Ads Business
The digital sports firm is launching an ad vertical
Trump Media Group Plans $6.4 Billion Deal to Buy Crypto.com Tokens
Crypto.com was a major donor for President Donald Trump.
Trump Says Meta’s Louisiana AI Data Center to Cost $50 Billion
When Meta announced the Louisiana data center in December of last year, it said it would invest more than $10 billion into the project.
Apple Will Hold iPhone 17 Unveiling On September 9th
A slimmer iPhone is expected at the event.
Silicon Valley Figures Launch Political Super PACs
The group says it will promote promote policies that "unlock the transformative and economic benefits of AI."
PDD Holdings Reports Continued Growth Slowdown
Temu’s parent company has seen profits dip as it invests in its supply chain.
Saudi Arabia’s Humain Releases Arabic-Language Chatbot
The Humain Chat app is the first major software product from Humain, which has the backing of Saudi Arabia’s Public Investment Fund
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