Block Cuts Workforce by 40% in AI Bet
Block plans to cut its 10,000-strong workforce to under 6,000 employees.
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U.S. Regulator Proposes Tightening Stablecoin Yield Ban
The proposal would likely draw pushback from crypto companies.
Thrive Capital’s Later Funds Outperform Early Vehicles
Thrive's later funds have returned cash at an above average rate, despite venture-backed companies staying private longer.
Netflix Drops Out of Bidding for WBD
WBD's decision gives Netflix four days to raise its offer or walk away.
DeepSeek Excludes Nvidia, AMD From Early Access to New Model
DeepSeek instead gave Chinese chip companies, including Huawei, early access to its upcoming V4 model.
Amazon’s OpenAI Investment Could Link Funding to IPO or AGI
Amazon would invest $15 billion upfront, with an additional $35 billion tied to the achievement of the specific milestones.
Exclusive: OpenAI Hires Meta AI Researcher Who Previously Led Apple’s Models Team
Ruoming Pang’s move to OpenAI follows a wave of departures from Meta’s AI team over the past year, though Meta also has hired people from OpenAI and others.
Kalshi Alleges MrBeast Editor Engaged in Insider Trading
Insider trading on prediction markets is on the rise.
Chime Flags Profitability in 2026
The fintech banking company, which publicly listed last June, on Wednesday reported a full year loss of $1 billion.
Nvidia Discloses $3.5 Billion in Data Center Lease Guarantees
Chipmaker provided the guaranties to "early-stage" companies but didn't disclose their identities.
Snowflake Shares Dip on Slower Sales Growth Forecast
Database provider Snowflake is starting to see growing adoption of its AI products, but slowing sales growth forecasts may be a source of concern for investors.
Salesforce Stock Slips 5% as Investors Wait For Its AI Products to Boost Growth
Investors have been waiting for Salesforce to show that its internal AI products will boost revenue.
Nvidia Revenue Growth Accelerates—Again—to 73%
The results shows Nvidia, the world’s most valuable company, is still in a league of its own.
Circle Jumps 35% After Strong Revenue, Profit Growth
Stablecoin issuer said fourth-quarter revenue jumped 77% to $770 million.
Exclusive: Former OpenAI Chief Research Officer Founds AI Manufacturing Startup
Bob McGrew is launching the startup with two ex-Palantir engineers.
DoorDash Exits Four Countries As It Refocuses on Key Markets
DoorDash has been pushing more into Europe with its Deliveroo and Wolt acquisitions, but it's refocusing amid fierce competition with Uber and investment firm Prosus.
VC Mohnot Analyzes Potential Buyers for PayPal
The VC said PayPal's consumer brand and information about consumers' bank accounts would be valuable for Stripe.
Bill Gates Apologizes for Epstein Relationship in Meeting With Foundation Staff
Gates told staff that he did have affairs with two women, but that he didn’t meet either of the women through Epstein or have knowledge of Epstein's crimes.
Bytedance Valued at $550 Billion in Share Sale, Report Says
General Atlantic is selling part of its stake in TikTok-parent ByteDance at a $550 billion valuation, according to a report from Reuters.
Shein Founder Makes Rare Public Appearance in Chinese Government Forum
The company tried to water down its China ties in the past as it attempted to go public in the U.S.
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