Meta Plans Big Metaverse Budget Cuts
The report is a sign that Meta CEO Mark Zuckerberg has recognized that the company has to curb its spending in some areas as it ramps up spending on AI.
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Salesforce Reports Agentforce Revenue Growth
Salesforce's AI-related revenue hit an annual revenue rate of $1.4 billion, compared with the company's projected $41.5 billion revenue for fiscal 2026.
Nvidia Says Its Server Boosts Performance of Top Open-Source AI Models
The announcement comes as Nvidia faces increased competition from Google and Amazon over AI chips.
Snowflake Beat Its Revenue Target But Shares Fall on New Forecast
Snowflake also said it will spend $200 million over several years to pay for AI models from Anthropic to power AI features.
OpenAI Buys Neptune Startup for Less Than $400 Million in Stock
The AI lab is using its highly-valued stock to fund acquisitions.
Morgan Stanley Explores Offloading Data Center Loan Risk
The bank is considering selling what’s known as a significant risk transfer product, a move that could free it up to do more data center lending.
Top Apple Designer Hired by Meta
Apple’s famed design team has been in constant flux since longtime chief designer Jony Ive left in 2019
Walmart Adds New Agent Guidelines to Its Website
Amazon and Shopify have also laid out rules for how agents can access their websites.
Marvell to Acquire Photonics Startup Celestial AI For Up to $5.5 Billion
The deal confirmed a report in The Information late Monday night that the two companies were in advanced talks.
Bending Spoons to Buy Eventbrite for $500 Million
The acquisition also follows a spate of other purchases by Bending Spoons, including AOL, Vimeo, Brightcove and Evernote.
Kalshi Raises $1 Billion Round Led by Paradigm
Kalshi’s valuation jumped to $11 billion from $5 billion in October.
AWS Touts New AI Models, Trainium3 Servers at Customer Conference
Amazon Web Services is trying to shake the perception that it's behind in AI, and CEO Matt Garman used his re:Invent keynote to convey that message.
Shopify Reports 27% Black Friday Weekend Sales Growth
The average cart price increased slightly as tariffs and inflation raised prices.
Wealthfront Seeks $2.1 Billion Valuation in IPO
The 17-year-old company could go public as early as next week, after filing its initial S-1 in September.
Amazon Retail Exec Departs for Business Development Role at OpenAI
Torben Severson was chief of staff to Amazon’s retail chief Doug Herrington
China’s Kuaishou Launches All-In-One AI Video Model
In the AI video sector, many Chinese companies are competing fiercely with U.S. giants like Google and OpenAI.
Nvidia Invests $2 Billion in Synopsys
The companies said the investment is not intended to fund purchases of Nvidia chips.
Amazon Tests U.S. Ultrafast Delivery Offering
The new service, which aims to get items to shoppers in as little as 30 minutes, could boost Amazon’s business selling groceries and other staples.
Strategy Raises $1.44 Billion to Pay Interest, Dividend
The biggest bitcoin-holding stock seeks to temper fears that it may be forced to sell its bitcoin.
Apple AI Leader Giannandrea Departs
John Giannandrea, who led Apple’s AI team since 2018, struggled inside the company
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