Alibaba’s Holiday AI Shopping Campaign Generates 120 Million Orders
Chinese tech giants are fighting a costly battle to promote their AI apps during the country’s biggest holiday season.
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The Information AM
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Singapore’s Grab Reports First Full-Year Profit
Despite the improvements in earnings over the past year, Nasdaq-listed Grab’s stock has struggled.
Meta’s Auditor Raised Red Flag On Its Data Center Accounting
Ernst & Young did not indicate it disagreed with Meta’s approach, but the designation signals that it was one of the most complex aspects of its audit.
Anthropic Joins Firms Promising Data Centers Won’t Raise Power Prices
Tech companies are trying to defuse backlash over AI’s strain on power grids.
Adam Mosseri: Social Media Not ‘Clinically Addictive’
Mosseri is the first social media executive to testify as plaintiffs try to convince a jury that Meta and YouTube’s product designs are and causes mental health problems.
X Subscriptions Hit $1 Billion in Annualized Revenue, Exec Says
X has ramped up efforts to sell subscriptions after Elon Musk’s acquisition of the site in 2022 coincided with a decline in advertising revenue.
Essilor and Meta Sell 7 Million Smart Glasses in 2025
Essilor had reported a year ago that only 2 million smart glasses had been sold since the product was launched in 2023.
Target Participates in OpenAI Ads Pilot
Brands that advertise through Target’s retail media business will also be able to advertise in ChatGPT.
Ackman Reports Stakes in Amazon and Meta
The investments added to a portfolio that already holds shares of Alphabet and Uber.
Shopify Shares Tumble Amid Software Selloff
The e-commerce software maker has moved quickly to help its merchants sell through new AI-powered shopping features.
Departures Accelerate at Elon Musk’s xAI as Yet Another Cofounder Leaves
The company is going through big changes after SpaceX earlier this month announced a merger with xAI.
U.S. Lawmakers Urge Trump to Close Chip-Equipment Loopholes
The push comes after media outlets reported that China has made progress building advanced chip-making equipment using scavenged parts.
Lyft’s Revenue Grows 3% As Legal and Regulatory Reserves Mar Top Line
The company reported 19% growth in bookings for the fourth quarter.
Meta’s Zuckerberg Buys South Florida Home
The home purchase in Indian Creek comes as a one-time tax on billionaires heads to California voters in November.
Spotify’s Revenue Rises 7%, as Ads Fall Again
Spotify executives said the ads business should pick up in the second half of this year.
Another Cofounder of Elon Musk’s xAI Resigns
Wu, who reported to Musk, played a central role in xAI’s core AI model development.
China’s Zhipu Rolls Out New AI Model in Stealth Mode
Pony Alpha, an open-source model released on the OpenRouter marketplace, is actually Zhipu’s new GLM-5 model.
Michael Grimes Returns to Morgan Stanley After Government Stint
Grimes is returning at a time where the Wall Street bank is gearing for a year of mega listings.
Stripe Aims for $140 Billion Valuation in new Tender
Stripe is preparing a potential tender offer that could value the payments company at more than $140 billion, Axios reported.
Alphabet Reportedly Set for $20 Billion US Bond Sale
The tech industry has increasingly turned to debt financing to fund exploding spending on data centers and chips.
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