Xero to Buy Accounting Startup Melio for $2.5 billion
The price is 38% off its peak valuation reached in 2021.
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Recent Editions
Waymo Expands Robotaxi Service in Atlanta to Public
Atlanta marks the Alphabet-owned company's fifth city.
Walmart Tests Smaller Warehouses To Speed Up E-Commerce Deliveries
The retail giant has experimented with several formats to better compete with Amazon’s speedy shipping times.
Polymarket Nears Funding at Over $1 Billion Valuation Led by Founders Fund
The world’s largest prediction market is finalizing deal talks to raise more than $200 million.
Cybersecurity Provider Snyk Acquires AI Startup Invariant Labs
Snyk acquired Swiss AI security research startup Invariant Labs to bolster AI security capabilities.
Fiserv Weighs Circle, Paxos for Stablecoin Push for Banks
Fiserv shares jumped 4.4% while Circle rose 9.6% Monday.
U.S. Senate Weighs $25 Million for AI Infrastructure
To receive the funds, states must follow a ban on passing AI laws.
Musk Lawyers Claim He Doesn’t Use A Computer
Musk has posted about a personal laptop used for video games in recent months, but employees at X have told reporters he primarily works from his phone.
Tech Sector Sentiment Slips Slightly, Remains Upbeat Overall
Sentiment around Google rose while readers became more bearish about Apple.
Wealthfront Submits Confidential IPO Filing
Wealthfront was last valued at $2 billion in a stock buyback last year.
OpenAI Removes Material Related to Jony Ive Deal Following Trademark Lawsuit
This month, IYO, Inc., another maker of AI devices, sued io, the AI devices startup OpenAI acquired earlier this year, for trademark infringement.
Investor Enthusiasm for Tech Stocks Fell Since April Turmoil
Small investors are looking toward cheap stocks and international companies in shift away from tech stocks.
SoftBank Proposes $1 Trillion Facility for AI and Robotics
The massive investment would follow SoftBank’s other large bets on AI and robotics.
Meta Discussed Buying Safe Superintelligence, Perplexity
SSI spoke with Meta as it was raising its most recent funding round and exploring whether Meta could provide servers for developing its technology.
Meta Announces Oakley-Branded Smart Glasses
The glasses start at $399 and will be on sale later this summer.
Tesla Launches Its Robotaxi Service In Austin
By mid-afternoon, the cars had completed 112 trips for a total of 499 miles, a dashboard at Tesla headquarters showed
Meta Tried to Buy Safe Superintelligence
Meta is stepping up its AI efforts through its investment in Scale AI and other deals.
Scale AI’s Top Rival Hits More Than $1 Billion in Sales
Surge AI's ability to surpass its competitor casts some concern on a recent blockbuster deal for Scale AI.
Telegram Billionaire Plans to Leave Fortune to His 100-Plus Children
Pavel Durov’s heirs will have to wait 30 years to receive the money.
X Plans to Offer Trading, CEO Yaccarino Says
The move would further extend Musk's vision of X as an "everything app."
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
