Wall Street Dumps Software Stocks as AI Disruption Fear Lingers
Sell-offs in software stocks continue as Wall Street grows wary of competitions from new AI tools.
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PayPal Names New CEO As Growth Efforts Struggle
Payments through PayPal checkouts grew just 1% in the fourth quarter.
French Police Raid X Office, Summon Elon Musk Over Grok Integration
The prosecutor’s office said that it was investigating X for several violations of the law, including complicity in possession and dissemination of child pornography and the creation of sexually explicit deepfakes.
Disney Names Parks Chief D'Amaro as New CEO
The selection immediately raises the question of whether D'Amaro will be more successful than Iger's previous successor—another parks veteran, Bob Chapek.
Waymo Raises $16 Billion in Funding at $126 Billion Valuation
Self-driving ridesharing service Waymo said Monday it has raised $16 billion at a $126 billion valuation. The valuation includes the size of the investment, according to an investor in the round.
SpaceX Acquires xAI for $250 Billion
The news, without the price, was confirmed by Elon Musk in a press release posted to SpaceX’s website Monday.
SpaceX CFO to Hold Investor Call to Discuss xAI Deal
The call comes as some SpaceX investors are concerned about having their shares of the rocket maker diluted through a potential acquisition.
Snowflake Paying OpenAI $200 Million For Access to AI Models
Snowflake wants more customers to build AI apps on the data they store in its database, and providing direct access to to OpenAI models could help.
Elon Musk Appears to Confirm SpaceX and xAI Merger Plan in X Post
Musk responded “yes” to a post from a space-focused investor who quoted a Bloomberg story about SpaceX and xAI being in advanced merger talks.
Disney’s Entertainment Profits Fall Despite Higher Streaming Results
Disney's older entertainment businesses saw their profits fall 55%.
Oracle to Raise Up to $50 Billion For Cloud Expansion
Notably, Oracle said the new funding wouldn’t just go toward data center capacity for OpenAI.
U.A.E. Firm Quietly Bought 49% Stake In Trump Crypto Firm
An entity linked to a member of the United Arab Emirates royal family secretly purchased 49% of President Trump’s family’s crypto company.
SpaceX Seeks FCC Approval to Launch 1 Million Satellites For Orbital Data Center
The SpaceX filing did not include details such as the size of the satellites, their cost, or when they would be launched.
Google’s World-Generating AI Product Causes Selloff in Videogame Stocks
Here's more proof that equity investors are highly sensitive to AI threats.
Nvidia CEO Confirms New Investment in OpenAI, ‘Probably the Largest We Have Ever Made'
As The Information reported Wednesday, Nvidia is in talks to invest up to $30 billion in OpenAI as part of an equity funding round.
ByteDance and Alibaba to Launch New Models in Race for AI Supremacy in China
The AI rivalry between the two Chinese tech giants is intensifying not only in model development but also in consumer apps and AI cloud services.
iPhone Demand Fuels Huge Growth for Apple’s Holiday Quarter
Memory supply may hit margins in the current March quarter
U.S. Regulator Plans New Prediction Market Rules
CFTC to withdraw Biden-era proposal that would ban political and sports contracts.
U.S. Lawmaker Says Nvidia Helped DeepSeek Develop Models
Michigan Rep. John Moolenaar said documents he requested from Nvidia show the firm helped DeepSeek with the "co-design of algorithms, frameworks, and hardware.”
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