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The Information
Sahil Patel @ The Information · 05/01/2025 16:38 EDT

Roku Buys Live TV Subscription Streaming Service

Roku is buying Frndly TV, a subscription video streaming service that offers live cable TV channels including A&E, Hallmark and Lifetime, for $185 million in cash. Roku said the move is in part to help drive “Roku-billed subscriptions” on its streaming TV operating system. The acquisition of ... Read more ›

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The Information
Aaron Holmes @ The Information · 05/01/2025 14:13 EDT

Microsoft Prepares to Host xAI’s Grok Model on Azure

Microsoft is preparing to add Grok, the artificial intelligence model developed by Elon Musk’s xAI, as an option for customers of its Azure cloud computing platform, The Verge reported on Thursday. Microsoft did not immediately provide a comment. The move would further expand Microsoft’s ... Read more ›

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The Information
Kevin McLaughlin @ The Information · 05/01/2025 13:54 EDT

Amazon Takes Aim at Cursor With New AI Coding Service

Artificial intelligence–assisted coding firms are some of the hottest startups in Silicon Valley right now, drawing attention from OpenAI, among others. Amazon Web Services sees an opportunity. AWS is working on its own AI-assisted coding service that offers features similar to those from startups Anysphere, which makes Cursor, and Windsurf, according to two people with direct knowledge of the matter. These include the ability to analyze developers’ code to understand... Read more ›

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The Information
Aaron Holmes @ The Information 3 place · 05/01/2025 13:00 EDT

Microsoft's Move to Make People Pay for AI Starts to Pay Off

Earlier this year, Microsoft stopped trying to convince consumers to pay extra for artificial intelligence features in its popular Office 365 software, instead opting to add the AI features by default while increasing the lowest price of the software by 30%. That strategy is showing early signs of wringing a few extra bucks out of individual Office customers.Revenue from consumer subscriptions to Office 365 rose 10% in the three months... Read more ›

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The Information
Rocket Drew @ The Information · 05/01/2025 10:00 EDT

Why Some Robot Startups Could Gain From Tariffs

Among tech companies, robotics companies are particularly vulnerable to tariff hikes, given that many robot parts come from China. The import taxes mean higher costs that robotics firms will have to either absorb or pass on to customers—a setback to their business either way. But a number of startups that employ overseas workers to control robots in U.S. facilities are hopeful the changes could actually boost demand from U.S. manufacturers.... Read more ›

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The Information
Aaron Holmes @ The Information · 05/01/2025 09:51 EDT

Microsoft Raises Xbox Prices 20% as Tariffs Drive Up Cost of Development

Microsoft is significantly increasing the cost of its Xbox consoles, controllers, and some games as tariffs imposed by President Donald Trump drive up the cost of electronics manufacturing. Microsoft said in a statement that the cost increases, which amount to a more than 20% markup for its most ... Read more ›

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The Information
Yueqi Yang @ The Information 2 place · 05/01/2025 09:00 EDT

Crypto Venture Capital Fundraising Springs Back to Life

Fundraising is picking up among crypto venture funds after two dismal years, as investors hope to profit from the friendly regulatory environment under President Donald Trump. The rebound is likely to be modest because venture capital funds are no longer the only game in town for big investors who want crypto exposure. Crypto VC funds are on track to raise nearly $4 billion in the coming months, which would top... Read more ›

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The Information
Nick Wingfield @ The Information · 04/30/2025 23:45 EDT

Tesla Directors Considered Replacing Musk

Tesla’s board of directors about a month ago contacted several executive search firms to assist with a formal search for a replacement for Elon Musk as Tesla’s CEO, The Wall Street Journal reported. Eventually, the board focused on working with a single search firm, The Journal reported, though ... Read more ›

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The Information
Nick Wingfield @ The Information · 04/30/2025 21:01 EDT

Judge Blasts Apple For Violating Antitrust Ruling

In a blistering ruling, a federal judge accused Apple of defying an earlier decision in a longrunning antitrust case related to its App Store policies and asked federal prosecutors to investigate whether criminal contempt charges against the company are merited. Judge Yvonne Gonzalez Rogers of ... Read more ›

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The Information
Martin Peers @ The Information · 04/30/2025 20:00 EDT

Meta Ramps Up AI Spending—Again

When it comes to artificial intelligence, Mark Zuckerberg is not holding back. Meta Platforms revealed Wednesday it was raising its projected capital spending for this year to as high as $72 billion, from a previous high of $65 billion outlined in January. If Meta spent at the upper level of its new projection, its capital outlays this year would be 84% above what it spent last year. It would also... Read more ›

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The Information
Kaya Yurieff @ The Information · 04/30/2025 18:30 EDT

Where Meta Still Has an Edge on TikTok

Earnings season is in full swing, but one of the most telling comments about the state of social media today came from courtroom testimony highlighting a persistent challenge facing TikTok—and a perennial strength for Meta Platforms’ apps. Adam Presser, TikTok’s head of U.S. operations and trust and safety, told a judge that only a “very minuscule” percentage of time— just about 1%— is spent on TikTok’s Friends tab, which shows... Read more ›

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The Information
Cory Weinberg @ The Information · 04/30/2025 17:54 EDT

Exclusive: Glean Nears $7 Billion Valuation in Wellington-Led Round

Glean, a startup that builds search chatbots for businesses, is in advanced talks to raise a new financing round led by asset manager Wellington Management that would value the startup at about $7 billion, two people familiar with the matter said. The deal would indicate investors are still ... Read more ›

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The Information
Cory Weinberg @ The Information · 04/30/2025 17:53 EDT

Glean Nears $7 Billion Valuation in Wellington-Led Round

Glean, a startup that builds search chatbots for businesses, is in advanced talks to raise a new financing round led by asset manager Wellington Management that would value the startup at about $7 billion, two people familiar with the matter said. The deal would indicate investors are still ... Read more ›

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The Information
Theo Wayt @ The Information · 04/30/2025 17:51 EDT

Amazon to Open Dozens of Warehouses in Rural Expansion

Amazon is planning to open dozens of new warehouses over the next 18 months to handle deliveries to rural areas, the company announced on Wednesday. The company is planning to triple the size of its rural delivery network by the end of 2026, bringing the total number of rural delivery stations ... Read more ›

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The Information
Yueqi Yang @ The Information · 04/30/2025 17:04 EDT

Ripple Had Offered to Buy Circle

Stablecoin provider Circle rejected a takeover offer from crypto company Ripple valued at $4 billion to $5 billion, Bloomberg reported. Ripple is still interested in Circle but hasn’t decided whether to make another offer. Circle remains focused on pursuing an initial public offering that it ... Read more ›

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The Information
Steve LeVine @ The Information · 04/30/2025 17:03 EDT

Exclusive: Tesla’s Head of Battery Architecture Departs

Vineet Mehta, a longtime Tesla veteran and one of its most senior battery executives, is leaving the company, according to people close to the situation. It is the second significant departure of a member of Tesla’s battery braintrust in the last year: Last April, Drew Baglino, head of battery ... Read more ›

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The Information
Kalley Huang @ The Information · 04/30/2025 16:36 EDT

Meta’s Revenue Rises 16% in the First Quarter

Meta Platforms on Wednesday reported first-quarter revenue of $42.3 billion, up 16% from a year earlier, on the strength of its digital advertising business. That was higher than its own forecast of $39.5 billion to $41.8 billion but a slowdown from fourth-quarter growth of 21%. The parent of ... Read more ›

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The Information
Aaron Holmes @ The Information · 04/30/2025 16:19 EDT

Microsoft Reports 13% Revenue Growth, Faster Cloud Growth Than Expected

Microsoft said Wednesday that its revenue grew 13% in the three months ending in March, a slightly faster rate than the quarter prior. Meanwhile, its revenue in its Azure cloud computing unit grew 33%, slightly higher than the growth the company had forecasted, reversing a slight slowdown in ... Read more ›

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The Information
Ann Gehan @ The Information · 04/30/2025 15:49 EDT

Visa Launches AI Agent Payments Tools

Visa unveiled new tools to facilitate purchases made by artificial intelligence agents Wednesday, following a similar announcement by rival Mastercard earlier this week. Visa will create tokenized cards agents can use for purchases, to encrypt sensitive information like card numbers and ... Read more ›

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The Information
Kalley Huang @ The Information · 04/30/2025 13:35 EDT

Meta Delayed Reasoning Version of Llama 4

Meta Platforms planned to release a reasoning version of its flagship large language model Llama 4 earlier this month, and then pushed back its release date, The Information reported. Some developers expected Meta to release such a model at its inaugural LlamaCon developer conference on Tuesday. ... Read more ›

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