Amazon, Meta Platforms Say U.S. Taxes to Drop Due to New Tax Law
The new law allows companies to accelerate their deductions for depreciation on certain property and to immediately expense their domestic R&D spending.
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Anthropic Cuts Off OpenAI’s Access to Claude
Anthropic said OpenAI’s use violated Anthropic’s terms of services.
Apple Projects Optimism about AI Future at All Hands
CEO Tim Cook and software chief Craig Federighi took employee questions during the rare hour-long meeting.
OpenAI Raises $8.3 billion, Projects $20 Billion in Annualized Revenue By Year-End
Dragoneer committed $2.8 billion, the largest check outside of lead investor SoftBank.
Tesla Found Partially Liable For Fatal Autopilot Crash
The lawsuit stemmed from a 2019 incident when a driver using Tesla’s Autopilot software blew through an intersection, killing one person and severely injuring another.
Nvidia, Alphabet in Talks to Invest in Storage Startup Vast Data
Vast Data, founded in 2016, is getting attention for its speedy cloud storage and database products, which are tailor-made for AI applications.
Vast Data In Talks to Raise Funds from Nvidia, CapitalG
The New York-based company’s revenue has gotten a lift from the growing demands for AI computing needs and applications.
Meta Seeks Video AI Deal
Meta executives have spoken to AI startups Pika, Higgsfield and Runway.
Salesforce, ServiceNow Invest $1.5 Billion in Contact Center Firm Genesys
Both companies have previously invested in Genesys, and the new funding reflects the strategic value of audio and call transcripts for AI projects.
Confluent Shares Drop 33% Amid Cloud Spending Fears
Confluent's cloud business is facing questions after the company acknowledged that some large customers are spending at a slower pace than in the past.
Apple Sales Surge with iPhone Boom
With Trump’s tariffs, consumers are worried about price hikes
Coinbase Sees Drop in Trading Revenue, Misses Profits Estimates
Shares of Coinbase fell by more than 6% in post-market trading as lower trading volume weighed on its revenue.
Paramount’s Q2 Streaming Revenue Offset Decline in TV
Paramount, which will close its sale to David Ellison's Skydance on August 7, saw streaming ad revenue drop 4%.
AWS Growth Holds Steady As Azure, Google Cloud Surge
Amazon also forecast that operating income could dip in the current quarter.
Google Loses Appeal in Epic Games Monopoly Case
The ruling on Thursday adds to a year of antitrust losses for Google.
CoreWeave Raises $2.6 Billion in Debt for OpenAI Agreement
CoreWeave entered the public markets in March with about $8 billion in debt and has raised billions more since
Shein Boosts First Quarter Revenue to Nearly $10 Billion
The fast-fashion giant also lifted its profit margins to around 5%.
Tesla Launches Ride-Hailing Service in San Francisco With Safety Drivers
Tesla is lagging behind Alphabet’s Waymo, which already operates without safety drivers in several U.S. metropolitan areas including San Francisco.
Microsoft Surpasses $4 Trillion Market Cap as AI Business Booms
Microsoft is the second company in history to achieve the milestone, following Nvidia, which crossed $4 trillion in market capitalization earlier this month.
Peacock Subscribers Remain Flat as NBCUniversal’s TV Ad Revenue Declines
Subscription and ad revenue growth for Comcast's Peacock streaming service was unable to offset ongoing declines in NBCUniversal's traditional TV ad business.
Weekday mornings
The Information AM by The Information Staff
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