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 âwould be minded to recommend such an offer to... Read more âș
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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 doesnât 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 âș
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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 âș
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. Deelâs lawsuit, filed in the superior court of Delaware on Thursday, ... Read more âș
0
On this weekâs episode: The Google and Meta antitrust cases shaking up the ads economy, Teslaâs bad quarter, the protein bubble and more. Apple Spotify YouTube Read more âș
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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 âș
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 Informationâs readers. Roughly 65% of respondents said they feel pessimistic while 20% said they feel ... Read more âș
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 ownersâ meetings. The conclave is a big deal for the leagueâan 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 âș
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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 âș
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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 âș
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 âș
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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 âș
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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 CNNâs interview with import agencies in the country. The exemptionsâ ... Read more âș
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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 âș
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In earnings season, which weâre 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 Trumpâs tariffs dampening the economy, Google Chief Business Officer Philipp Schindler said the... Read more âș
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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 companyâs Quest headsets, and on hardware efforts. âSome teams within ... Read more âș
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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 âvolatile and uncertain macroeconomic environment.â Tan, in a letter to ... Read more âș
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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 âș
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Apple plans to move its robotics effort from AI chief John Giannandreaâs organization to the companyâs hardware division later this month, Bloomberg reported. Giannandrea lost responsibility over Siri last month, as part of Appleâs push to catch up to other companies in AI. Senior Vice President ... Read more âș
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My colleagues and I are sharpening our questions for Mondayâs Financing the AI Revolution summit at the New York Stock Exchange. It will be the perfect New York spring afternoon to pressure-test how investors and executives are adjusting to new realities in the business. More companies are slowing their spending on artificial intelligence tools, and big tech companies arenât sure how their huge data center investments will pay off. But... Read more âș
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22.03.2026 22:55
Last update: 22:50 EDT.
News rating updated: 04:50.
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