Coinbase to Cut 14% Jobs, Citing Market Conditions and AI
The job cuts will affect about 700 employees and eliminate “pure managers.”
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The Information AM
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Recent Editions
a16z Crypto Raises $2.2 Billion for New Fund
Andreessen Horowitz returned to the market with its first new crypto fund since 2022.
ServiceNow Expects Revenue Will Double to $32 Billion by 2030
The projection assumes that ServiceNow will succeed in its strategy of selling software for managing AI agents in addition to its current role of primarily helping companies track and manage IT issues.
Bank Trade Groups Say Stablecoin Reward Compromise ‘Falls Short’
The surprise statement shows banks are not yet satisfied with current bill language.
AI Startup Sierra Says It’s Raising at Over $15 Billion Valuation
The AI customer service agent startup said Monday it is raising $950 million in a funding round led by Tiger Global Management and Google Ventures.
Palantir Shares Flat After Earnings Despite U.S. Sales Growth
Palantir is benefiting as more U.S.-based companies and government agencies build AI applications, prompting the company to raise its annual sales forecast.
Trump Administration Weighs New AI Model Guardrails
The White House is considering an executive order that would bring together AI executives and government officials to review regulations.
Cisco to Acquire Agent Security Startup Astrix
Cisco announced its intent to acquire Israeli cybersecurity startup Astrix, confirming The Information’s report from April.
Pinterest Reports 18% Revenue Growth in Q1
The digital bulletin board firm said its monthly active user count grew 11%, down a slightly slower growth rate than the fourth quarter.
OpenAI Sets up $10 Billion Private-Equity Joint Venture
The money will help OpenAI hire these consultants rapidly.
OpenAI’s Brockman Says Stake is Worth Close to $30 Billion
President and co-founder confirmed number under questioning from Elon Musk’s lawyer in trial.
Musk Messaged Brockman About Settlement
The message is the first known instance of settlement talks in the case.
GameStop Makes Bid to Buy eBay for $56 Billion
CEO Cohen says he's lined up $20 billion in debt financing.
Anthropic Near to Finalizing $1.5 Billion Private Equity Joint Venture: Report
The venture will use technical consultants to help integrate AI.
GameStop Eyes EBay Acquisition
The $7 billion seller of video games could submit its bid for the much larger e-commerce firm as soon as this month.
Founders Fund Raises $6 Billion to Invest in Later-Stage Startups
The fundraise comes less than a year after the firm raised its third growth fund, of $4.6 billion.
S&P 500 Weigh Faster Entry For Mega-IPOs
The rule change could provide a big boost to demand for shares in the eventual IPOs of SpaceX, Anthropic and OpenAI.
Meta Acquires Robotics AI Startup
The company acquired Assured Robotics Intelligence to accelerate its push into humanoid robots.
Pentagon Signs Classified AI Deals with Seven Companies Following Anthropic Spat
The firms all agreed to let the Pentagon use their AI software for any “lawful operational use,” which Anthropic previously refused.
Atlassian Shares Jump Nearly 25% as AI Search Boosts Product Sales
Atlassian has been hard-hit by investors' fears over AI threatening traditional software providers, but that may be changing.
Weekday Mornings
The Information AM by Myk Klemme
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy