U.K.-based cloud provider Nscale, whose announced customers include OpenAI and Microsoft, is in negotiations to acquire a massive AI data center site in West Virginia, The Information reported. Amazon, Meta and a cloud ally of Google have also expressed interest in the site. The site is ... Read more ›
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Nearly anyone who’s anyone agrees: Bigger isn’t better—when it comes to conferences and networking. Indeed, the tech, media and finance elite have increasingly come to prefer an intimate gathering over attending anything giant and sponsored to death. Web Summit, Collision, South by Southwest and pretty much any event thrown by a media brand have lost some of their appeal and cultural cachet, say nearly a dozen of the best-connected folks... Read more ›
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Alphabet CEO Sundar Pichai said late Thursday that he could foresee people owning cars with Waymo’s self-driving car systems. There’s “future optionality around personal ownership” of Waymo’s technology, Pichai said in a call to discuss the company’s first quarter results. Waymo, a subsidiary of ... Read more ›
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We could have a big deal coming soon. DoorDash looks likely to buy UK-based meal and grocery delivery firm Deliveroo for about $3.6 billion in cash, judging by a statement from Deliveroo on Friday that was also posted by DoorDash on its website. The U.S. delivery firm made an offer at that price earlier this month and Deliveroo said Friday it “would be minded to recommend such an offer to... Read more ›
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Leaders of the Chinese startup behind the hit artificial intelligence agent Manus have discussed setting up new headquarters outside China, according to two people with knowledge of the discussions. The discussions signal that the startup doesn’t want its ability to do business in the U.S. to be constrained by its Chinese roots. The startup, called Butterfly Effect, recently raised $75 million, at a valuation of $500 million, in a round... Read more ›
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San Francisco-based food delivery company DoorDash has offered to buy London-based food delivery company Deliveroo for $2.40 a share, according to Deliveroo. That offer, 29% higher than its Thursday closing share price, values the company at about $3.5 billion. Deliveroo talked to DoorDash about ... Read more ›
1
Deel, the fintech software company accused of spying on archrival Rippling, hit back with a lawsuit that claims the spy that Deel allegedly paid was actually a whistleblower trying to bring to light wrongdoing by Rippling. Deel’s lawsuit, filed in the superior court of Delaware on Thursday, ... Read more ›
0
On this week’s episode: The Google and Meta antitrust cases shaking up the ads economy, Tesla’s bad quarter, the protein bubble and more. Apple Spotify YouTube Read more ›
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Axiom Space has elevated chief revenue officer Tejpaul Bhatia to the CEO role, succeeding co-founder Mike Suffredini. The shakeup comes as the Houston-based firm is sending its next batch of private astronauts to the International Space Station in May. Bhatia, who has founded several firms in ... Read more ›
2
Sentiment around how conditions for technology companies will fare over the next six months is the most pessimistic it has been since February 2023, according to an April survey of The Information’s readers. Roughly 65% of respondents said they feel pessimistic while 20% said they feel ... Read more ›
0
A couple weeks ago, a steady stream of media and sports heavyweights could be found at the white-marbled Breakers hotel in Palm Beach, Fla., where the NFL was hosting its annual owners’ meetings. The conclave is a big deal for the league—an occasion for it to hash out its multibillion dollar business deals and discuss what the future may hold. The latest gathering, which lasted over four days, had a... Read more ›
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Google could face another trial over its antitrust practices in September, according to a proposal filed by both Google and the Department of Justice with a Virginia court on Thursday. A judge in that court had ruled earlier this month that Google was a monopoly in certain parts of its ... Read more ›
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Temu and Shein have hiked at least some prices in the U.S. ahead of a planned Trump administration move to end a trade rule that has allowed e-commerce sites to ship orders into the country from China without paying tariffs. Both China-founded sites published nearly identical statements last ... Read more ›
2
Scale AI, the fast-growing data-labeling startup, missed its revenue and profit targets last year, but its investors are undeterred. The company is close to finalizing about a $150 million share sale, largely to existing investors, that values it at around $25 billion, up about 80% from a year ago. Scale AI told prospective investors early last year that it expected to cross $1 billion in revenue in 2024 as the... Read more ›
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Apple plans to assemble all the iPhones sold in the U.S. from India as soon as next year, as U.S.-China trade tensions force the company to pivot away from China, the Financial Times reported on Friday, citing two people familiar with the matter. The shift aims to cushion the impact of increased ... Read more ›
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China this week quietly dropped its retaliatory 125% tariffs on certain semiconductors imported from the U.S., signaling an effort to alleviate the impact of an ongoing trade conflict in the crucial sector, according to CNN’s interview with import agencies in the country. The exemptions— ... Read more ›
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Benchmark, the U.S. venture capital firm known for early investments in Uber and Snap, has led a funding round for the Chinese startup that operates Manus, an artificial intelligence agent that went viral on social media last month, according to a person with knowledge of the deal. The deal ... Read more ›
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In earnings season, which we’re in the midst of right now, no (bad) news is good news. Google delivered middling growth for the first quarter, with revenue rising 12%, in line with the fourth quarter, despite a noticeable slowdown in its cash machine of search and in YouTube ads. But despite the ever-present worries about President Donald Trump’s tariffs dampening the economy, Google Chief Business Officer Philipp Schindler said the... Read more ›
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Meta Platforms has laid off more than 100 employees in its augmented and virtual reality unit Reality Labs, Bloomberg reported Thursday. The cuts affected those working in Oculus Studios, which develops apps and games for the company’s Quest headsets, and on hardware efforts. “Some teams within ... Read more ›
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Intel shares dipped 7% in after-hours trading after Lip-Bu Tan, a former Intel board member who took over as CEO in March, said the chip firm expects revenue and gross margin to decline in its current quarter due to an “volatile and uncertain macroeconomic environment.” Tan, in a letter to ... Read more ›
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The National Highway Traffic Safety Administration on Thursday announced it was exempting U.S. autonomous vehicle developers from federal safety standards, expanding an exemption that had previously only applied to foreign companies. The changes will likely encourage more testing of autonomous ... Read more ›
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19.03.2026 12:18
Last update: 12:11 EDT.
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