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The Information
Qianer Liu @ The Information · 06/05/2025 09:00 EDT

Nvidia’s Biggest Chinese Rival Huawei Struggles to Win at Home

Nvidia CEO Jensen Huang has in the past months repeatedly warned, in both public speeches and closed-door meetings, of intensifying competition from China’s Huawei Technologies in the market for AI chips. In reality, Huawei is having a hard time convincing some of the biggest tech companies in China to use its chips. Chinese tech heavyweights like ByteDance, Alibaba Group, and Tencent Holdings are actively testing Huawei’s artificial intelligence chips, but... Read more

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The Information
Juro Osawa @ The Information · 06/05/2025 04:38 EDT

Apple’s China AI Partnership With Alibaba Faces Delays

Apple’s plan to launch its artificial intelligence features in China in partnership with Alibaba Group is facing delays as the country’s top internet regulator hasn’t approved the companies’ applications, the Financial Times reported. The Cyberspace Administration of China is holding up ... Read more

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The Information
Rocket Drew @ The Information · 06/05/2025 00:56 EDT

Amazon to Test Robots for Delivering Packages

Amazon is gearing up to test humanoid robots that walk on two legs to deliver packages, The Information reported Wednesday. The company has set up an indoor obstacle course to test robots from a variety of companies, including Unitree, a Chinese robot producer. Eventually, humanoid robots could ... Read more

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The Information
Rocket Drew @ The Information 3 place · 06/04/2025 20:40 EDT

Amazon Prepares to Test Humanoid Robots for Delivering Packages

Amazon is developing software for humanoid robots that could eventually take the jobs of delivery workers, according to a person who has been involved in the effort. In doing so, Amazon is paving the way to automate a major part of its operation, the delivery of parcels around the world. Read more

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The Information
Yueqi Yang @ The Information · 06/04/2025 20:00 EDT

Squaring Away Circle’s IPO

One of the longest running stories in crypto, Circle Internet Group’s effort to go public, is finally wrapping up. After four years of trying, the stablecoin firm priced its initial public offering tonight at $31 per share, above its preliminary range of between $27 and $28, and valuing the company at $6.9 billion based on outstanding shares. Circle shares start trading on Thursday. It’s the first big crypto company to... Read more

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The Information
Alex Perry @ The Information · 06/04/2025 19:32 EDT

Palo Alto Networks CEO Joins Uber Board

Palo Alto Networks’ chief executive officer Nikesh Arora has joined Uber’s board of directors, the ride hailing company said in a securities filing. Arora previously was president of SoftBank and also worked at Google as chief business officer. Uber disclosed earlier this week that ... Read more

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The Information
Aaron Tilley @ The Information · 06/04/2025 19:30 EDT

Appeals Court Denies Apple Request to Pause Order on App Store Payments

A federal appeals court denied Apple’s request for a stay of a court order that forced it to allow external payments inside apps for Apple devices like the iPhone. The company sought the stay as it appealed an April order that required it to comply with a 2021 court decision that it had violated ... Read more

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The Information
Yueqi Yang @ The Information · 06/04/2025 19:02 EDT

Circle Expects to Raise $1.1 Billion in Upsized IPO

Circle Internet Group, the stablecoin issuer, said it would raise $1.1 billion in an upsized initial public offering, giving it a market value of $6.9 billion based on outstanding shares. Investors showed strong interest in the first major crypto IPO since Coinbase went public in 2021. The ... Read more

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The Information
Kaya Yurieff @ The Information · 06/04/2025 17:15 EDT

Snap’s Spiegel on Trump, Shopping and His New Role as a Creator

OMG! What a day we had in Hollywood on Tuesday at The Information’s Future of Influence event. I loved meeting new readers, seeing familiar faces and hearing from our fabulous lineup of speakers including creators Adam W and Victoria Garrick Browne and executives from Meta Platforms, YouTube, Spotify and Substack. A big thank you to everyone who traveled from near and far (including Brazil and Germany!) to spend the afternoon... Read more

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The Information
Anissa Gardizy @ The Information · 06/04/2025 15:39 EDT

AI Search Startup You.com in Talks to Raise Funds at $1.4 Billion Valuation

You.com, an artificial-intelligence search startup making a push into business software, is in talks with media conglomerate Cox Enterprises to raise funds valuing the company at $1.4 billion, said people familiar with the discussions. The funding would support You.com’s push into selling AI search tools to businesses, after the company’s consumer product fell behind competitors like Perplexity. Startups are beginning to make inroads offering AI services to companies looking to... Read more

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The Information
Catherine Perloff @ The Information · 06/04/2025 15:27 EDT

Reddit Sues Anthropic Over Unauthorized Scraping

Reddit is suing Anthropic in a California court for what it alleges is unlawful scraping of its content. The forum-based social network has become a useful source of training data for large language models because it offers a repository of real human conversations. While Reddit has entered into ... Read more

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The Information
Jon Victor @ The Information · 06/04/2025 14:56 EDT

XAI Cofounder Joins AI Code Startup Morph As Chief Scientist

XAI co-founder Christian Szegedy has joined Morph, a startup whose software aims to improve the quality of computer code generated by artificial intelligence, as its chief scientist, a person with knowledge of the hire said. Szegedy appears to be the first of xAI’s 12 co-founders to leave the ... Read more

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The Information
Ann Gehan @ The Information · 06/04/2025 14:41 EDT

Tough Year for Advertising, AI Opportunity: Future of Influence Highlights

Economic uncertainty related to the Trump administration’s tariff programs has made advertisers more cautious about spending this year. But that caution could be an opportunity for influencers, who can often charge less and move faster than traditional ad agencies, said speakers at The Information’s Future of Influence conference on Tuesday. “I think 2025, we always knew it would be a harder year. I think every industry has felt it,” said... Read more

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The Information
Evan Robinson-Johnson @ The Information · 06/04/2025 13:47 EDT

SpaceX On Track for $15.5 Billion Revenue, Musk Says

SpaceX is set to make about $15.5 billion this year, CEO Elon Musk said on his social media platform X, with only about $1.1 billion of the private rocket company’s revenue coming from NASA. Next year, he said SpaceX’s commercial revenue will likely exceed NASA’s budget, which President Donald ... Read more

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The Information
Aaron Holmes @ The Information · 06/04/2025 11:11 EDT

Microsoft Reshuffles Leadership to Focus on AI Agents

Microsoft is reorganizing its top ranks of executives overseeing applications like Office 365 and Dynamics as the company prioritizes sales of AI agents, CEO Satya Nadella told staff on Wednesday. The move is a sign that Microsoft is throwing its weight behind AI products that can automate white ... Read more

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The Information
Natasha Mascarenhas @ The Information · 06/04/2025 10:00 EDT

Revenue at OpenAI Vendor Vercel Nearly Doubles in Past Year

Among privately held firms, there’s no beating OpenAI when it comes to generating revenue from selling artificial intelligence. But startups selling the digital picks and shovels of the AI gold rush, including to OpenAI and other AI developers, are doing OK too. The latest example is Vercel, a cloud service companies use to develop artificial intelligence and commerce applications and websites. The San Francisco-based firm, which also offers website hosting,... Read more

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The Information
Aaron Holmes @ The Information · 06/04/2025 09:00 EDT

Microsoft Bets On Agents to Fuel Next Chapter of AI Growth

In March, at a Microsoft all-hands meeting, one of the company’s newest executives, Jay Parikh, laid out a rough vision for Microsoft’s path forward in artificial intelligence. AI models made by OpenAI and others were quickly becoming commoditized by  more efficient models from DeepSeek and Microsoft’s own research arm that performed nearly as well for a fraction of the cost, Parikh said, sitting alongside chief executive officer Satya Nadella and... Read more

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The Information
Kalley Huang @ The Information · 06/03/2025 23:13 EDT

Snap’s Spiegel: Company Is on ‘Cusp’ of Computing Transformation

Snap CEO Evan Spiegel defended his company’s ability to stay independent despite competition from deep-pocketed rivals like Meta Platforms, predicting that the Snapchat parent was on “the cusp of a real transformation in the way that people think about and use computers.” That transformation, Spiegel said, will involve his company’s augmented reality glasses, Spectacles. He said that he expected consumers to widely adopt AR glasses by the end of the... Read more

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The Information
Martin Peers @ The Information · 06/03/2025 20:00 EDT

Venture Capital’s Big AppLovin Miss

One of venture capital’s big misses has to be AppLovin, an ad-tech firm specializing in selling ad space in gaming apps. Its shares have soared more than 900% since the beginning of last year, giving AppLovin a market capitalization today of $135 billion. That makes it just a bit smaller than Spotify, Shopify and Arm Holdings—and bigger than companies such as Comcast, Intel and DoorDash. And yet according to AppLovin... Read more

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The Information
Sahil Patel @ The Information · 06/03/2025 19:27 EDT

Apple’s App Store Changes ‘Have Been Fantastic,’ Says Substack CEO

Apple’s court-ordered relaxation of controls on its App Store has been “a big win for independent media,” according to Substack’s co-founder and CEO Chris Best. But that’s one of the few positives in the media landscape, where Google’s use of AI-powered search results is hurting publishers’ traffic while advertisers are increasingly shifting their ad spending to social, streaming video and retail platforms. Vox Media CEO Jim Bankoff said Vox, owner... Read more

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