Shein Weighs Hong Kong IPO After London Efforts Stall
The fast-fashion company has been waiting for approval from Chinese securities regulators.
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The Information AM
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Recent Editions
Netflix Co-founder Reed Hastings Joins Anthropic’s Board
Hastings will join the four existing directors on Anthropic's board.
Elon Musk’s xAI Enters $300 Million Deal With Telegram
The deal expands Grok’s distribution to Telegram’s more than one billion users.
Instacart Names Chief Business Officer Rogers as New CEO
Chris Rogers has been with Instacart since 2019, and previously spent 11 years at Apple.
Meta’s Antitrust Trial Ends
If the government prevails in the case, Meta could be forced to sell Instagram, WhatsApp or both apps.
New Texas Law Requires Apple and Google To Verify the Age of Users
Apple CEO Tim Cook had personally lobbied against the bill.
Musk raised $600 million for Neuralink following third implant
The brain-computer interface company implanted its third chip last month into the brain of an Arizona man with ALS.
Apple Said It Blocked $2 Billion in App Store Fraud Last Year
The company promoted its efforts to crackdown on fraud at a time when a legal ruling has allowed more app developers to push transactions outside the App Store.
Trump Media Company Raises $2.5 Billion to Invest in Bitcoin
Deal follows other public companies raising cash to buy bitcoin but adds to conflicts in president's crypto efforts.
Meta Overhauls Generative AI Group
Meta has split its generative AI group in two: one team to oversee its AI research and another to handle its consumer AI products. The reorganization comes after months of challenges for the group.
Temu Parent PDD Growth Slows, Profits Plunge Amid U.S.-China War
PDD, which doesn’t break out Temu’s financials, said overall revenue grew 10% to $13.3 billion in the first quarter, the slowest growth in three years.
Salesforce to Buy Informatica For $8 Billion
The acquisition is the first big deal struck by Salesforce since it bought Slack in 2021 for $28 billion.
OpenAI to Open Office in South Korea
South Korea represents the second-largest source of paid subscribers to ChatGPT, outside the U.S.
SoftBank’s Son Proposes Joint U.S.-Japan Sovereign Wealth Fund
Such a fund could be as much as $300 billion in size and make large-scale investments in technology and infrastructure across the U.S.
Salesforce Back in Talks to Acquire Data Management Firm Informatica
A deal could help Salesforce address one of the biggest obstacles to customers adopting AI agents, which is managing their data scattered across apps and databases.
Trump Threatens 25% on Apple Devices Imported into U.S.
The warning comes after Apple said it has been moving manufacturing of U.S.-bound iPhones to India from China.
Optimism in Tech Sector Returns: The Information Survey
Readers were more optimistic about all 14 tech companies we track.
OnlyFans Owner In Talks to Sell Company at $8 Billion Valuation
OnlyFans’ owner is in discussions to sell the explicit content site to an investor group at a valuation of about $8 billion.
Musk’s Lawyers Revive RICO Claims Against OpenAI
If the judge accepts the claims, they could go to trial in March.
Waymo Could Be Worth $75 Billion Valuation Next Year, Brokerage Says
TD Securities analysts see valuation rising as gross bookings triple.
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