Snap’s Stock Soars On Perplexity Partnership, Revenue Growth
CEO Evan Spiegel said it would put Specs into its own subsidiary
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Ripple Raises $500 Million Round Led by Fortress, Citadel Securities
Ripple, valued at $40 billion, is building a crypto conglomerate ranging from stablecoins to trading services.
Apple Finalizing Move to Google’s AI for Siri Revamp
Apple will pay Google $1 billion a year
Amazon Sues Perplexity In Battle Over AI Agent Access
The fight between the two companies is one of the highest-profile conflicts over how AI agents can access websites on behalf of users.
China’s Xpeng Aims to Mass Produce Humanoids by End of 2026
The Chinese Tesla rival also plans to launch robotaxi models and start trial operations next year.
China Bans Foreign AI Chips in State-Funded Data Centres
Data centers less than 30% finished were told to remove overseas-made chips, which will threaten foreign chip suppliers’ China revenue, including Nvidia, AMD and Intel.
Anthropic Projects $70 Billion in Revenue, $17 Billion in Cash Flow in 2028
The company expects to be cash flow positive as soon as 2027, three years earlier than OpenAI projected
Trump Re-Nominates Elon Musk Ally to Lead NASA
Elon Musk nemesis Sean Duffy will continue to lead NASA until Isaacman is confirmed by the Senate.
Exclusive: Humanoid Robotics Startup K-Scale to Shut Down After Exploring Sale to 1X, Bot Co.
The company said it intends to refund deposits for ordered robots.
Pinterest Revenue Grows As It Fends Off Threats From AI, Tariffs
Shares tumbled on narrower guidance next quarter
AMD Projects Much Slower AI Chip Revenue Growth Than Nvidia
Still, AMD gained some traction with major Nvidia customers in recent months.
Amazon Demands That Perplexity Blocks AI Agents From Browsing Its Site
The claims mark an escalation of the tension between AI companies and retailers that want more control over how shoppers access their sites.
BlackRock Fund Manager Kim Says Debt Will Fuel AI Spending
Tech companies including Alphabet and Meta Platforms have raised tens of billions of dollars from bond offerings in recent weeks.
Sequoia’s Botha Passes Top Job to Lin, Grady
Botha steps down after a navigating the firm during the post-pandemic aftermath and the rise of AI.
Google Cloud VP Says AI Pricing Models Will Vary
Google launched an enterprice-focused version of its AI products about a month ago.
Spotify Reports Higher Revenue Despite Ad Decline
Overall revenue is up on subscription revenue
Shopify Continues to Boost Revenue, Shares Fall on Increased Costs
The e-commerce software maker saw gross margins dip in part because of higher costs related to AI usage.
Norway’s Sovereign Wealth Fund to Vote Against’s Elon Musk’s Tesla Pay Package
Norges Bank owns a 1.1% stake in Tesla valued at about $17 billion, making it the company’s seventh-largest shareholder.
Uber Reports Accelerating Growth, Led by Delivery Business
Uber's CEO says markets where Uber offers Waymo rides are growing faster than other U.S. markets.
Cipher Mining Inks Multi-Billion Deal to Provide AI Data Centers to AWS
Cipher Mining is gaining momentum in its pivot from bitcoing mining to AI data centers, as evidenced by a new 15-year leasing agreement with Amazon's cloud unit,
Weekday mornings
The Information AM by The Information Staff
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