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Business news related to the technology industry, including Apple, Amazon, Microsoft, Google, and Facebook, plus consumer electronics, start-ups, cryptocurrency, media, advertising, streaming, venture capital, antitrust and regulation.
Crypto asset manager CoinShares to begin trading on Nasdaq through SPAC merger
CoinShares is merging with Vine Hill Capital to form the holding company CoinShares PLC in a deal valuing the business at about $1.2 billion.
Anthropic leaks part of Claude Code's internal source code
Claude Code has seen massive adoption over the last year, and its run-rate revenue had swelled to more than $2.5 billion as of February.
Column: Apple's crackdown on AI apps puts it on the wrong side of history
Apple is going against its founding mission from 50 years ago by standing in the way AI coding, or vibe-coding.
Microsoft closes worst quarter on Wall Street since 2008 on AI concerns: 'Redmond is in a pickle'
With Microsoft losing almost a quarter of its value this year, investors have reset the company's earnings multiple to the lowest since late 2022.
OpenAI closes record-breaking $122 billion funding round as anticipation builds for IPO
The round totaled $122 billion of committed capital, up from the $110 billion figure that was previously announced.
Amazon settles Teamsters case alleging it retaliated against striking workers
The Teamsters alleged Amazon illegally docked employees' unpaid time off after they walked off the job, calling the practice "unlawfully coercive."
Snap climbs 14% as activist Irenic suggests changes to boost stock's value 7x
Irenic Capital suggested shuttering the Specs division and replacing more than a fifth of Snap's workforce with artificial intelligence.
Oracle cutting thousands in latest layoff round as company continues to ramp AI spending
Oracle has ratcheted up its capital expenditures as it builds data center infrastructure that can handle AI workloads.
Wall Street's rough month, Powell's inflation outlook, GLP-1 subscription and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
Marvell stock pops 13% as Nvidia takes $2 billion stake, continuing run of similar bets
Nvidia has also made $2 billion investments in CoreWeave, Nebius and Coherent in recent months.
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