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1013 Instacart Reports 12% Revenue Growth

The Information
Theo Wayt @ The Information · 11/12/2024 17:11 EDT

Instacart on Tuesday reported $852 million in revenue for the third quarter, representing 12% year-over-year growth. The grocery delivery firm also reported $8.3 billion in total gross transaction value in the quarter, which was up 11% year over year and slightly higher than the guidance it had ...

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The Information
Jyoti Mann @ The Information · 06/03/2026 12:06 EDT

Meta Platforms is expanding its AI agent offerings for businesses as part of its broader push to monetize AI products and services. At its Conversations business messaging conference on Wednesday, Meta announced it is bringing Meta Business Agent to Instagram and launching the Meta Business ... Read more â€ș

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The Information
Cory Weinberg @ The Information · 06/03/2026 12:23 EDT

Alphabet’s Fine Print Reveals Hidden Cost of the AI Talent War

Alphabet’s plan to sell $80 billion worth of shares, billed as a way to pay for AI infrastructure and compute, is surprising enough, given the capital raise’s size and the fact that the company last raised equity 21 years ago, when Gwen Stefani’s “Hollaback Girl” was the song of the summer. But there’s another eye-catching detail in the offering’s fine print that reflects an underappreciated reality of big tech’s AI... Read more â€ș

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The Information
Yueqi Yang @ The Information · 06/03/2026 16:58 EDT

Stripe, Visa, Mastercard and Coinbase are planning to form a consortium to issue a new stablecoin, according to people familiar with the matter, seeking to challenge the dominance of Circle and Tether, the two biggest issuers that make up 80% of market share currently. The new stablecoin will be ... Read more â€ș

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The Information
Valida Pau @ The Information · 06/03/2026 17:47 EDT

Nvidia has bought Kumo AI, a five-year-old startup that sells predictive AI software to enterprises, for more than $400 million, said a person with knowledge of the deal. The acquisition, first revealed by an Nvidia executive in a LinkedIn post on Tuesday, should expand Nvidia’s roster of AI models that can be optimized for Nvidia hardware and offered to enterprises for further customization. Read more â€ș

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The Information
Jyoti Mann @ The Information · 06/03/2026 18:01 EDT

Meta Platforms is considering charging up to $200 a month for its planned consumer version of the OpenClaw AI agent tool, according to internal documents, an ambitious target that would rival top tier offerings from established AI giants. The product, currently called Hatch, could launch with tiered pricing including the $199.99 premium subscription that would include higher usage limits, according to the documents reviewed by The Information and a person... Read more â€ș

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The Information
Martin Peers @ The Information · 06/03/2026 18:24 EDT

Broadcom reported 48% higher revenue for its second fiscal quarter, ended May 3, as its AI chip revenue jumped 143% to $10.8 billion. Overall revenue of $22.187 billion was roughly in line with the company’s projection issued in early March. Broadcom has benefited from growing efforts by ... Read more â€ș

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The Information
Aaron Tilley @ The Information · 06/03/2026 18:24 EDT

Apple to Launch New Siri in September With Help of Google, Nvidia

Apple is currently on track to launch its overhauled Siri in September, to run in part on Google’s cloud computing servers using Nvidia chips, according to people familiar with the matter. While Apple will try to run as much as possible of the new Siri on devices such as iPhones, certain parts ... Read more â€ș

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The Information
Theo Wayt @ The Information · 06/03/2026 18:27 EDT

SpaceX plans to sell 555.6 million shares at an expected price of $135 each when it goes public, the company said in a securities filing on Wednesday. SpaceX is expecting to raise $75 billion, more than twice as much as any other IPO in history, at a valuation of $1.77 trillion. Setting an exact ... Read more â€ș

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10.06.2026 11:39
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