Appeals Court Denies Apple Request to Pause Order on App Store Payments
App developers can continue to use alternative payments to get around Apple’s commission
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Circle Expects to Raise $1.1 Billion in Upsized IPO
Stablecoin issuer set to start trading on NYSE tomorrow in a highly anticipated debut.
Reddit Sues Anthropic Over Unauthorized Scraping
The social network has AI licensing deals with OpenAI, Google
XAI Cofounder Joins AI Code Startup Morph As Chief Scientist
Szegedy is the first of xAI’s 12 co-founders to leave the company since it launched in March 2023.
SpaceX On Track for $15.5 Billion Revenue, Musk Says
Latest figures suggest that SpaceX, which makes most of its revenue from its Starlink internet satellites, could become less reliant on government funding.
Microsoft Reshuffles Leadership to Focus on AI Agents
Microsoft is betting that old-school sales software will be disrupted by generative AI as it looks to compete with Salesforce and SAP.
Deel Targets Rippling’s Intelligence Unit In Spy Battle
Deel has accused Rippling of directing an employee to set up fake entities to pose as a Deel customer.
After Leaving Washington, Musk Calls Trump Spending Bill ‘Disgusting Abomination’
Latest attack shows growing rift between the Department of Government Efficiency leader and President Trump
Thoma Bravo Raises $34.4 Billion, Defying Industry Slowdown
The software-focused buyout firm raised $34.4 billion, showing a sharp divide between top performers and the wider private equity industry.
Kuwaiti Sovereign Wealth Fund Joins Blackrock Infrastructure Project
Blackrock plans to raise $30 billion in equity and up to $100 billion total when including debt.
Meta Signs Power Deal with Constellation Energy
The deal is the latest sign of how tech firms are responding to fast-rising need for electricity to power their AI data centers.
Uber Appoints First COO Since 2019
Andrew Macdonald will oversee the mobility and delivery businesses.
Google Agrees to Spend $500 Million in Shareholder Settlement over Antitrust Claims
The settlement doesn’t settle the antitrust cases the Justice Department has won against Google over the past year, on search and advertising technology.
Shares of AI Data Center Firm Rise 50% After CoreWeave Deal
Before the CoreWeave deal, Applied had struggled to find a large customer to rent the 400-megawatt facility.
XAI Plans $300 Million Share Sale at $113 Billion Valuation
That’s the same price for the company Musk announced in March, when xAI bought his social media service X.
Space Firm Voyager Technologies Seeks $1.6 Billion Valuation in IPO
The Voyager IPO comes amid U.S. government's push in commercial space spending.
Amazon’s Pricing Policies Likely Violate Antitrust Law, German Regulator Says
The complaints from the top antitrust regulator in Germany, which is Amazon’s second largest market, resemble allegations from the Federal Trade Commission in the U.S.
Musk Announces XChat Messaging Service for X
The service, an upgraded version Twitter DMs, is essentially Musk’s bid to compete with WhatsApp, Signal, Telegram and China's WeChat.
Samsung in Talks to Invest in Perplexity
Samsung has long been Google's most important partner in Android, giving Google distribution for its apps on Samsung devices.
China’s Alibaba Expands Influence With Open-Source AI Success
Alibaba, an e-commerce giant that also operates China’s biggest cloud computing business, is emerging as a key player in open-source AI models.
Weekday mornings
The Information AM by The Information Staff
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