Lyft Agrees to Buy European Taxi App Freenow for $197 Million
The ridehailing company is also fighting off a proxy challenge
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OpenAI in Talks To Buy AI Coding Assistant Windsurf for $3 Billion
If the deal closes, it would be the largest in OpenAI's history.
Meta’s Share of Time Spent Has Declined, Zuckerberg Testifies
Zuckerberg said that a "lot of the interaction" people have with friends has shifted to messaging apps.
Zuckerberg Says TikTok and YouTube Are Major Rivals to Meta
The Meta CEO's testimony reflects the company's effort to rebut the Federal Trade Commission's claim that YouTube and TikTok don't compete with Meta.
California Considers Bill to Allow Nuclear Power Plants
Proponents have said the technology is necessary to satisfy the growing power demands of AI.
Tesla’s Market Share in California Falls Below 50%
The California New Car Dealers Association attributed the downturn to Tesla’s “aging product lineup and backlash against Elon Musk’s political initiatives.”
Crypto Exchange OKX Launches in U.S. After DOJ Settlement
OKX, a global crypto giant founded by Star Xu, will compete with Coinbase in the U.S. market.
U.S. Startup Funding Hits Highest Level Since 2021
For the second straight quarter, investments in artificial intelligence startups made up more than half of total funding.
Meta Attempted Negotiations to Settle Antitrust Lawsuit
Mark Zuckerberg last month offered to pay $450 million to settle an antitrust case brought by the FTC—far less than the $30 billion demanded by the agency.
Design Software Maker Figma Files Confidentially for IPO
Even after its $20 billion sale to Adobe fell apart in late 2023, Figma's business has continued to thrive and its products remain popular with designers.
Nvidia to Take a $5.5 Billion Charge After U.S. Restricts Its Chip Sales to China
Nvidia’s disclosure comes after a week of whiplash for the firm in D.C.
Shein and Temu Announce Plans To Increase Prices
The China-founded online bargain sellers are the latest merchants to warn of price hikes in response to U.S. trade changes.
Musk Rejected Senior Executives’ Analysis That Robotaxi Would Be a Bust
Inside Tesla, Musk's lieutenants wanted to build the Model 2 which their analysis said would be a hit. Musk said no.
Activist Investor Elliott Takes $1.5 Billion Stake in HPE
HPE shares traded more than 4% higher Tuesday.
Temu Slashes Google, Meta Ad Spending as Tariffs Bite
Heavy ad spending from Temu and its fellow China-founded rival, Shein, has buoyed digital ad revenue for Meta and Google and driven up costs for other advertisers.
OpenAI Develops X-Like Social Feature in ChatGPT
The feature could help people discover what they can do with the chatbot.
Chinese AI Startup Zhipu Targets IPO as Soon as This Year
Backed by Alibaba and Tencent, the company could become the first Chinese AI model developer to go public.
NATO, Palantir Strike Deal on Warfighting AI
Palantir stock rose 4.6% after the announcement Monday.
Autonomous Truck Company Kodiak Robotics to Go Public via SPAC
The company, which burned $20 million last quarter, will get an influx of cash from the deal.
OpenAI Releases New Models for Software Developers
The new models perform better in areas like coding, academic knowledge and following instructions compared to OpenAI's previously-released GPT-4o.
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.
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