Broadcom Shares Dip After Report On $18 Billion Financing Snag In OpenAI Chip Deal
Microsoft must agree to buy roughly 40% of the chips before Broadcom will finance their production.
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Datadog Shares Jump 30% After CEO Says AI is Boosting Sales
Datadog's revelation that AI is driving product sales is apparently easing investors' fears about the impact AI could have on its business.
Anthropic’s Amodei Says ‘80X’ Revenue, Usage Increase Surprised Company
Amodei said compute from the SpaceX transaction should help.
Musk Ally Testifies He Once Offered Sam Altman a Tesla Board Seat
Shivon Zilis, during cross examination, talked about Musk’s efforts to subsume OpenAI under Tesla.
Snap’s Ad Revenue Growth Slowed to 3% in First Quarter
Snap's business is getting a lift by strong growth in its subscriptions business, which now accounts for 19% of revenue.
Warner Bros Discovery’s Revenues Fall 3% in March Quarter
WBD's results highlight the challenges facing Paramount Skydance, which is buying WBD later this year.
Nvidia Inks Deal To Invest Up To $3.2 Billion in Corning
The chipmaker is partnering with Corning, which makes optical cables for data centers, to expand its manufacturing capacity.
DoorDash’s Revenue Growth Lifted By Deliveroo Purchase
DoorDash shares were up 11% in after-hours trading.
Anthropic Says It’s Buying 100% of Compute From xAI’s Colossus Data Center
SpaceX CEO Elon Musk said he’d agreed to the deal after spending time with the Anthropic team last week and that xAI would continue to train its models at its second data center in Memphis.
Uber Reports Steady Growth in Revenue
Uber CFO Balaji Krishnamurthy said Uber had "re-upped our investment" in AI after underestimating the impact of AI.
China’s National AI Fund in Talks to Invest in DeepSeek
DeepSeek’s first fundraising is now expected to value the firm at more than 300 billion yuan ($44 billion).
AMD Shares Rise 16% As AI Hardware Growth Accelerates
Nvidia may be growing much faster, but AMD's stock has soared this year compared to Nvidia's.
Google in Talks With Blackstone, KKR to Distribute AI Models
The private equity firms would give their portfolio companies access to Google’s models directly.
Meta Is Building an AI Agent Called ‘Hatch’ and an AI Shopping Tool
The efforts are key parts of CEO Mark Zuckerberg’s push to develop new products to deliver returns on Meta’s huge investments in AI.
Brockman Says Elon Musk Does Not Know AI
Musk did not recognize the potential of early versions of ChatGPT, Brockman said.
Google DeepMind Employees Launch Unionization Effort, Citing Military AI Deals
Workers said they were unionizing to end use of their technology by Israel, via the Project Nimbus cloud computing project, and the U.S. military.
PayPal CEO Defends Keeping Venmo, Braintree Amid Sale Questions
PayPal’s main businesses are “stronger together” because they have overlapping customers and technology, CEO argues.
Microsoft Scraps AI Chatbot For Xbox, Shuffles Gaming Leadership
Sharma is trying to win back gamers’ trust and reinvigorate Xbox sales, which fell 5% in the first quarter from a year earlier.
ElevenLabs Hits $500 Million in Annualized Revenue, Adds Nvidia as an Investor
The AI voice startup said Tuesday it had surpassed $500 million in annualized recurring revenue, up from $350 million at the end of last year.
Elon Musk’s Voting Control of SpaceX Jumped to 84%, New Filing Shows
Musk’s equity stake also grew to 42.5% from 41.5% over the same period, FCC documents show.
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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