Tesla Chair Denies Report on Plans to Look for New CEO
The board contacted several executive search firms about possibly replacing the Tesla CEO.
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Judge Blasts Apple For Violating Antitrust Ruling
The ruling was the latest twist in the longrunning Epic Games lawsuit against Apple over its App Store policies.
Exclusive: Glean Nears $7 Billion Valuation in Wellington-Led Round
The deal would indicate investors are still willing to pay high prices for fast-growing artificial intelligence startups despite stock volatility that threatened to cool dealmaking.
Glean Nears $7 Billion Valuation in Wellington-Led Round
The deal would indicate investors are still willing to pay high prices for fast-growing artificial intelligence startups despite stock volatility that threatened to cool dealmaking.
Amazon to Open Dozens of Warehouses in Rural Expansion
The announcement comes one day after United Parcel Service said it planned to lay off 20,000 employees and close 73 facilities as it handles fewer Amazon packages.
Ripple Had Offered to Buy Circle
Ripple’s bid to buy Circle for $4 billion to $5 billion was rejected, Bloomberg reports.
Exclusive: Tesla’s Head of Battery Architecture Departs
Vineet Mehta is the latest senior battery executive to leave Elon Musk's EV maker as the company pivots away from EVs and to robots and Robotaxis.
Meta’s Revenue Rises 16% in the First Quarter
Meta also increased its estimate for capital expenditures this year to $64 billion to $72 billion.
Microsoft Reports 13% Revenue Growth, Faster Cloud Growth Than Expected
The company’s capital expenditures were $21.4 billion in the most recent quarter, slightly down from $22.3 billion in the quarter prior.
Visa Launches AI Agent Payments Tools
The launch follows a similar release by Mastercard earlier this week.
Meta Delayed Reasoning Version of Llama 4
Meta previously delayed other versions of Llama 4 over performance problems during its development.
Sundar Pichai and Tim Cook Talked About Gemini Deal, Pichai Says
Cook wanted to understand Google’s AI roadmap, Pichai testified, and as part of that the two discussed Google’s plans for distributing Gemini’s app.
Waymo and Toyota Explore Autonomous Car Partnership
The partnership could result in Toyotas in Waymo's fleet of self-driving cars.
Google Security Executive Says Google Can Best Safeguard Chrome
A senior Google executive testified that forcing Google to share data or spin off its Chrome browser, as the Justice Department has proposed, would jeopardize user security.
Snap Shares Fall on Q2 ‘Headwinds’
Snapchat grew revenue, but couldn’t provide second-quarter guidance due to macroeconomic uncertainty.
Thrive Capital Launches Vehicle to Buy and Hold Businesses
Venture firms, such as General Catalyst and 8VC, have pursued a similar strategy of investing services that usually don't get VC backing.
UPS to Cut 20,000 Jobs as Amazon Deal Shrinks
The cuts, which represent about 4% of UPS’s workforce, are part of a plan to respond to lower volumes from its largest customer.
Meta Announces Llama API at Developer Conference
The API could help Meta more effectively sell its artificial intelligence models to business customers, after Llama has struggled to gain traction on cloud services.
Mastercard Announces Tools to Manage AI Agent Payments Risks
The tools will verify agents are authorized to make purchases on users’ behalf.
Meta Release Standalone App for Meta AI Assistant
Meta converted its Meta View smartphone app, which people used to manage their Ray-Ban smart glasses, into a more general app for the assistant.
Weekday mornings
The Information AM by The Information Staff
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