Logistics Startup Stord Raises $200 Million, Eyes More M&A
The startup made two warehousing acquisitions last year.
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Charter to Acquire Cox for $34.5 Billion to Create New Cable-Broadband Leader
The steady decline of cable TV and increasing competition in internet is forcing a new round of consolidation in the cable-broadband industry.
Nvidia Plans New China R&D Hub Amid Tightening U.S. Export Curbs
Nvidia continues to see opportunities in China despite U.S. chip export regulations and growing competition from local rivals.
Cohere Revenue Falls 85% Short of Target
The company said it was overly optimistic about how quickly enterprises would adopt AI.
Trump, UAE Unveil Plan For Multi-Gigawatt AI Data Center in Abu Dhabi
Abu-Dhabi-based technology firm G42 will build the data centers and operate them with “several U.S. companies” that weren’t named.
OpenAI Nonprofit Should Be Able to Fire Execs, Lawyers Tell AGs
They argue the corporation should prioritize the charitable mission and the nonprofit should continue to manage OpenAI’s business.
Meta Delayed Largest Version of Llama 4
Meta previously pushed back Llama 4’s release date because, during its development, the model didn’t perform as well on technical benchmarks as Meta had hoped.
YouTube CEO: Shorts Revenue Is Comparable to Regular Videos
YouTube CEO Neal Mohan also said views for YouTube Shorts grew 20% year over year during the first quarter.
Coinbase Says Customers’ Data Breached, Warns Up to $400 Million Cost
The crypto exchange says some customer data was stolen by overseas staff.
CoreWeave Signs New $4 Billion Deal With OpenAI
The new deal is in addition to one signed by OpenAI with CoreWeave worth $11.9 billion through 2030.
Alibaba CEO Expects Large-Scale AI Adoption in China
Alibaba is counting on China’s domestic AI demand to continue driving the growth of its cloud computing business.
Salesforce to Acquire AI Agents Startup Convergence
Convergence’s product, Proxy, went viral when it first launched on ProductHunt in February.
Walmart Warns of Price Hikes
“We started to see increases happen in April and through May,” Walmart CEO Doug McMillon told analysts on Thursday.
Trump Says He Pressured Cook to Stop Moving Production to India
Cook told analysts a couple of weeks ago that in the June quarter, most iPhones sold in the U.S. will be assembled in India.
CoreWeave Rival Nebius’ Stock Rallies on ClickHouse Deal Talks
Nebius, formerly known as Yandex N.V., founded and incubated ClickHouse
CoreWeave Shares Fall 7% On ‘Lumpy’ AI Cloud Revenue Projection
Despite the drop, CoreWeave would still be 59% above its IPO price if the after-hours price holds through Thursday.
Pro-Crypto CFTC Commissioner Departs for Blockchain Association
Summer Mersinger is the latest CFTC Commissioner heading to the crypto industry.
Microsoft Shuts Down Ad Buying Service
Microsoft retreats from Internet ad buying, where Google and Amazon excel
Trading App EToro Soars 34% After IPO
EToro and its shareholders raised $620 million in successful debut.
Databricks Confirms $1 Billion Acquisition of Database Startup Neon
Databricks makes its third billion-dollar acquisition in as many years, adding database technology that AI agents can access autonomously.
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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