Cruise Lays off 50% of Staff After GM Buyout
GM had invested $10 billion into the autonomous vehicle company since 2016
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Judge Hearing Musk’s OpenAI Suits Says Unlikely to Grant Temporary Halt
The judge stressed that Musk’s lawyers face a high hurdle in asking her to block OpenAI’s conversion to a for-profit.
AMD Shares Drop 9% As GPU Sales Growth Remains Murky
AMD, the second-largest provider of graphics processing units for training and running AI software, still has a long way to go to catch up with Nvidia.
Andreessen Horowitz Hires Daniel Penny as Investing Partner
The hiring of Penny follows a highly polarized trial and further aligns Andreessen Horowitz with right-leaning causes.
Google Revenue Growth Slows Slightly, Shares Fall 7% as Investors Await AI Boost
Despite not showing a business boost from generative artificial intelligence, the company said capital expenditures for data centers and other property would rise 44% to $75 billion in 2025.
U.S. Senate Pushes Stablecoin Bill as First Crypto Priority
Republican Senator Bill Hagerty introduced a bill to regulate stablecoins.
Snap’s Revenue Grows 14%, Snapchat+ Subscribers Hit 14 Million
The company’s stock surged in after-hours trading.
General Catalyst, Mubadala Buy $300 Million in Deel Shares
The sale valued the startup, which provides payroll and human resources services, at around $12 billion.
Meta Shakes up its Generative AI, Messenger and Facebook Units
The company has been making several organizational changes in recent weeks.
Spotify Reports First Year of Profitability
Ad revenue growth slows against backdrop of subscriber growth
China Opens Probe Into Google and Imposes New Tariffs Against U.S.
Beijing’s move is largely symbolic given that Google doesn’t have significant operations in the country.
Palantir’s Shares Soar on Strong Q4 Results and Upbeat Projection
The firm, which sells data analytics tools, saw 36% revenue growth in the fourth quarter, contributing to 29% overall expansion in 2024.
Trump Says New U.S. Sovereign Wealth Fund Could Buy TikTok
President Donald Trump signed an executive order on Monday to create a sovereign wealth fund for the U.S., which he indicated could own part of TikTok.
SoftBank Says It Will Buy $3 Billion Worth of OpenAI Products Annually
SoftBank and OpenAI are also establishing a joint venture to market OpenAI tools to companies in Japan.
TikTok Litigation Chief Leaves
The departure follows TikTok’s loss of a legal battle to block a federal law that bans the app unless it rids itself of Chinese ownership.
Elon Musk says Regulations Should be ‘Default Gone’
The billionaire laid out plans for DOGE in an X Spaces conversation.
Shein Returns to India via Partnership with Reliance
Reliance launched a new fashion retail site under Shein’s branding.
Trump Tariffs Will End Trade Loophole Used by Shein and Temu
Small parcels imported from China will no longer be exempted from import duties while having to pay additional tariffs.
ChatGPT Subscribers Nearly Tripled; OpenAI Discusses Open Sourcing Models
ChatGPT subscribers nearly tripled from 5.8 million to 15.5 million over the course of 2024.
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.
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