Former PayPal Executive Marcus Explains How Payments Firm Lost Its Way
Marcus, who left PayPal in 2014 just before its spinoff from eBay, said the company had prioritized its bottom line over long-term vision.
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AI Chip Startup Cerebras Raises $1 Billion at $23 Billion Valuation
The new funding round comes as Cerebras is expected to go public in the coming months.
Microsoft Replaces Security Leader with Windows Veteran
Before her roughly one-year stint at Google Cloud, Gallot spent more than 15 years at Microsoft.
Washington Post Lays Off One-Third of Newsroom
The newspaper has seen search traffic fall by half in the past three years.
AWS CEO Says Data Centers in Space are A Long Way Off
The comments come as Elon Musk is touting the idea to explain why he is merging SpaceX and xAI
Uber Reports 20% Higher Revenue As Growth Accelerates
Uber's food delivery business is growing particularly fast.
Nvidia’s H200 Chip Sales to China Remain Stalled By U.S. Government
The stall highlights how Nvidia is caught between the U.S. and China, both of which are using the chips sales to advance their national security and economic interests
Exclusive: Two Sequoia Capital Partners Leaving
Since the start of the year, four Sequoia partners have revealed plans to leave or step back from their roles.
Department of Justice Cross-Appeals Google Search Verdict
In ruling on how to remedy Google's search monopoly, the judge rejected the most extreme proposals from the Justice Department and plaintiff states.
Wall Street Dumps Software Stocks as AI Disruption Fear Lingers
Sell-offs in software stocks continue as Wall Street grows wary of competitions from new AI tools.
PayPal Names New CEO As Growth Efforts Struggle
Payments through PayPal checkouts grew just 1% in the fourth quarter.
French Police Raid X Office, Summon Elon Musk Over Grok Integration
The prosecutor’s office said that it was investigating X for several violations of the law, including complicity in possession and dissemination of child pornography and the creation of sexually explicit deepfakes.
Disney Names Parks Chief D'Amaro as New CEO
The selection immediately raises the question of whether D'Amaro will be more successful than Iger's previous successor—another parks veteran, Bob Chapek.
Waymo Raises $16 Billion in Funding at $126 Billion Valuation
Self-driving ridesharing service Waymo said Monday it has raised $16 billion at a $126 billion valuation. The valuation includes the size of the investment, according to an investor in the round.
SpaceX Acquires xAI for $250 Billion
The news, without the price, was confirmed by Elon Musk in a press release posted to SpaceX’s website Monday.
SpaceX CFO to Hold Investor Call to Discuss xAI Deal
The call comes as some SpaceX investors are concerned about having their shares of the rocket maker diluted through a potential acquisition.
Snowflake Paying OpenAI $200 Million For Access to AI Models
Snowflake wants more customers to build AI apps on the data they store in its database, and providing direct access to to OpenAI models could help.
Elon Musk Appears to Confirm SpaceX and xAI Merger Plan in X Post
Musk responded “yes” to a post from a space-focused investor who quoted a Bloomberg story about SpaceX and xAI being in advanced merger talks.
Disney’s Entertainment Profits Fall Despite Higher Streaming Results
Disney's older entertainment businesses saw their profits fall 55%.
Oracle to Raise Up to $50 Billion For Cloud Expansion
Notably, Oracle said the new funding wouldn’t just go toward data center capacity for OpenAI.
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