Klarna To Revive IPO as Soon as September
Klarna filed for its IPO in March and was seeking to raise at least $1 billion, but paused its efforts following an April market selloff.
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UK Antitrust Regulator Says Microsoft, AWS Harm Competition in Cloud
The regulator said it would determine whether to impose remedies on AWS and Microsoft next year.
China Summons Nvidia Over Security Risks of H20 Chips
Nvidia’s business in China has come under scrutiny from both Washington and Beijing.
OpenAI Revenue Hits $12 Billion Annualized Pace
As use grows, the startup has also increased its projections for cash burn.
Figma Notches $19 Billion IPO Valuation
Figma priced its IPO at $33 a share on Wednesday, giving it a $19.3 billion valuation on a fully-diluted basis, and making it one of the most valuable company backed heavily by venture capitalists to go public in years.
Meta’s Revenue Rises 22% in the Second Quarter
The social media giant reported second-quarter profits of $18.3 billion, up 36% from a year earlier.
Microsoft Reports 18% Revenue Growth Driven by Better-Than-Expected Azure Sales
Microsoft's total capex for the past year was $87.9 billion, exceeding the $80 billion it forecast for that period.
Apple Responds to U.S. Antitrust Case
Apple said the case seeks to degrade the iPhone’s privacy and security benefits
JPMorgan and Coinbase Inked Deal to Connect Bank Accounts and Crypto Wallets
This comes as fintech and crypto companies are clashing with banks over fees accessing customers’ account information.
Amazon to Pay New York Times $20 Million a Year in AI Deal
The deal, first announced in May, is the Times’s first AI licensing deal.
Palo Alto Networks to Acquire CyberArk for $25 Billion
CyberArk sells login software, competing with the likes of Okta and Microsoft.
AI Chipmaker Cerebras Seeks $1 Billion in Funding As IPO Stalls
The potential delay would represent a shift for Cerebras CEO Andrew Feldman, who said in May that the company would aim to go public this year.
Groq Cuts Revenue Projections in Span of a Few Months
A Groq spokesperson said the company shifted some revenue projections to 2026 because of a lack of data center capacity
Palo Alto Networks in Talks to Acquire CyberArk for $20 Billion
The deal would be the latest in a string of acquisitions by Palo Alto Networks.
CFPB To Launch New Open Banking Rule
The move comes after JPMorgan unveiled new data-access fees that threw the fintech industry into turmoil.
Anthropic in Talks to Raise at a $170 Billion Valuation
Iconiq Capital is said to lead the round in the AI model maker
JPMorgan Nears Apple Credit Card Deal To Replace Goldman
JPMorgan is nearing a deal to replace Goldman Sachs as the provider of Apple’s credit card program
DOJ Fires Senior Antitrust Enforcers
The move follows weeks of internal feuding inside the department.
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