Articles from www.wsj.com

Articles from www.wsj.com

China sentences Zhao Weiguo, ex-chair of state-backed chip firm Tsinghua Unigroup, to death with a two-year reprieve, a de facto life sentence, for corruption (www.wsj.com)
23 hours ago China

Databricks agrees to acquire cloud database startup Neon for ~$1B, set to close in Q2 2025; Neon's platform is based on open-source database PostgreSQL (www.wsj.com)
1 day ago Database Startup

Foxconn reports Q1 revenue up 24% YoY to ~$54B, net profit up 91% YoY to ~$1.38B, above est.,; cloud and networking, like AI servers, was 34% of its Q1 revenue (www.wsj.com)
1 day ago AI

Sources: Baidu plans to test its Apollo Go robotaxi service in Switzerland by the end of the year, its first expansion in Europe, and also launch it in Turkey (www.wsj.com)
1 day ago Europe Switzerland

The FCC will investigate EchoStar's compliance with requirements to build a nationwide 5G network and EchoStar's use of spectrum, sought by SpaceX and others (www.wsj.com)
1 day ago 5G SpaceX

Carbon credit certifier Verra suspends a Kenyan project used by Netflix, Meta, and others to bolster their green credentials over a dispute with Maasai herders (www.wsj.com)
1 day ago Netflix

Apple partners with brain-computer interface startup Synchron to explore letting iPhone users control the device with brain signals via a stent-like implant (www.wsj.com)
1 day ago iPhone Startup Apple

UK retailer M&S says hackers stole customer data in a cyberattack reported on April 22; UK retailers Harrods and Co-op also reported hacks in recent weeks (www.wsj.com)
2 days ago

Theom, which helps businesses safeguard and track sensitive data, raised a $20M Series A led by Wing VC, after an oversubscribed $16.4M seed round in late 2022 (www.wsj.com)
2 days ago

Sources: Perplexity is in advanced talks to raise $500M led by Accel in a round that values it at $14B, up from $9B in November 2024 (www.wsj.com)
2 days ago

Sources: Apple considers raising prices for its fall iPhone lineup, a step it is seeking to couple with new features and design tweaks, without blaming tariffs (www.wsj.com)
3 days ago iPhone Apple

US real estate analytics provider CoStar agrees to acquire Domain, an Australian property listings website that competes with News Corp's REA, for about $1.92B (www.wsj.com)
5 days ago Australia

Coinbase agrees to acquire Dubai-based Deribit, the world's biggest trading platform for bitcoin and ether options, for ~$2.9B, including $700M in cash (www.wsj.com)
6 days ago Bitcoin Dubai Coinbase

Memo: CrowdStrike CEO George Kurtz says the company will cut ~500 jobs, or 5% of its global workforce, and expects to incur $36M to $56M in charges (www.wsj.com)
7 days ago

IBM CEO Arvind Krishna says the company used AI agents to replace the work of 200+ HR employees and, as a result, hired more programmers and salespeople (www.wsj.com)
8 days ago Programmer IBM AI

Jeff Bezos and Michael Dell's family offices have committed $1B in total to Coatue's new investment fund targeting high-growth public and private tech companies (www.wsj.com)
8 days ago Jeff Bezos

Super Micro reports Q3 revenue up 19% YoY to $4.6B, vs. $5.01B est., and lowers its FY 2025 sales forecast below est. due to economic uncertainty and tariffs (www.wsj.com)
8 days ago

US v. Google: the DOJ says in a May 5 filing that Google should sell its AdX business and DFP ad platform; Google says divestiture isn't warranted or feasible (www.wsj.com)
9 days ago Google

Wearing three AI-powered devices, the $50 Bee Pioneer, $199 Limitless Pendant, and $159 Plaud NotePin, shows how the wearables can be useful but also creepy (www.wsj.com)
11 days ago AI

Ireland's DPC fines TikTok €530M for illegally sending user data to China, ordering a halt to EU data transfers in six months if protections aren't guaranteed (www.wsj.com)
13 days ago China Ireland

Sources: Beijing's decision to exempt eight types of US-made chips from tariffs came after auto industry lobbying, exposing China's dependence on US auto chips (www.wsj.com)
13 days ago China

Apple expects that a majority of iPhones sold in the US in the June quarter will come from India and a majority of its other devices will come from Vietnam (www.wsj.com)
13 days ago India Apple Vietnam

AI tools from Google, LinkedIn, Salesforce, and others are helping job seekers sell their skills, identify new roles, and tailor résumés to different fields (www.wsj.com)
14 days ago Google LinkedIn AI Salesforce

Sources: about a month ago, Tesla board members opened a search for a CEO to succeed Elon Musk; the current status of the succession planning is not clear (www.wsj.com)
14 days ago Tesla Elon Musk

Sources detail tensions between Sam Altman and Satya Nadella, whose partnership began after a summer 2018 meeting; Microsoft can block OpenAI's for-profit move (www.wsj.com)
15 days ago Microsoft

Sources detail a growing rift between Sam Altman and Satya Nadella, whose partnership began after a 2018 meeting; Microsoft can block OpenAI's for-profit move (www.wsj.com)
16 days ago Microsoft

China's Pony.ai says it can now build its most advanced autonomous driving system at 70% lower cost and plans to start mass production of robotaxis in mid-2025 (www.wsj.com)
16 days ago China AI

Sources: a group of Wall Street banks has sold the final $1.2B of X debt at 98 cents on the dollar, after lending $13B for Musk's takeover of Twitter in 2022 (www.wsj.com)
16 days ago Twitter Wall Street

While Big Tech is largely spared from tariffs, small companies making devices like baby monitors face price hikes, shortages, and degrading product quality (www.wsj.com)
17 days ago

Sources: Huawei has approached some clients about testing the technical feasibility of the Ascend 910D, its newest AI chip that it hopes will beat Nvidia's H100 (www.wsj.com)
17 days ago AI Nvidia

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