WSJ Tech News Briefing

Plus: Stellantis inks $1.17 billion electric vehicle deal with Chinese automaker Dongfeng Group. And the crypto industry notches a win in Washington. Danny Lewis hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Closing arguments for blockbuster trial between billionaire Elon Musk and OpenAI took place Thursday. WSJ reporter Jim Carlton unpacks what happened in the courtroom this week and tells us how the case could impact the future of the AI industry. Plus, some fitness brands are ditching displays. WSJ p...

Plus: Researchers say they found issues in Apple security using Anthropic’s Mythos AI. And Foxconn reports strong first quarter results, driven by AI hardware sales. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: some hedge funds are making big bucks from chipmaker and AI hardware stocks. And Cisco Systems is cutting thousands of jobs to free up cash for AI spending. Danny Lewis hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Meta introduces new incognito chat option for its AI model. And Netflix secures three more football games in new deal with NFL. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Meta offers WhatsApp tool to AI rivals for free to appease EU regulators. And Tencent doubles down on AI. Imani Moise hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Tesla will invest $250 million into its German factory for EV battery cell production. And SAP unveils a unified AI platform for enterprise. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: EBay rebuffs GameStop’s unsolicited $56 billion takeover bid. And the European Union eyes tighter restrictions for minors on social media. Imani Moise hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Some OpenAI employees are cashing out for millions before the company has even gone public. WSJ reporter Berber Jin explains how the AI boom is creating unprecedented wealth in Silicon Valley through private share sales. Plus, Wall Street is finding AI winners in some unexpected places. WSJ reporter...

Plus: Cerebras boosts target IPO price, seeking to raise $4.8 billion. And Circle raises $222 million from institutional investors through new token. Imani Moise hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Prosus sells partial stake in Delivery Hero for nearly $395 million. And unemployment is on the rise in the information technology job sector. Imani Moise hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Nintendo projects softer year ahead and lower Switch 2 sales. And shares of cloud infrastructure company Akamai jump. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Sony projects double-digit earnings for the new fiscal year despite sharp fourth-quarter losses. And the International Monetary Fund warns that AI-powered cyberattacks could cause major market disruptions. Danny Lewis hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

As AI transforms the labor market, some economists and tech leaders are pushing for a new kind of tax. WSJ reporter Katie Bindley explains the growing debate over taxing the computing power behind artificial intelligence. Plus, what happens when new tech rocks the boat? WSJ contributor Ken Wells exp...

Plus: Shares for national-security satellite company HawkEye 360 jump in their public-market debut. And Amazon Pharmacy expands access to weight management services. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Roche buys PathAI for $1.05 billion. And ChatGPT app publishing surges. Imani Moise hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: New Disney CEO’s long-term vision for the company centers on tech. And Instacart posts higher revenue, saying customers are shopping more at value retailers. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Nvidia invests $500 million in glassmaker Corning to boost AI infrastructure. And Uber reports higher revenue from growing trip volume and active users. Iman Moise hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: PayPal to cut 20% of staff. And shares of Palantir slide despite record quarterly revenue and profit. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: The U.S army pushes defense contractors to open up software to new tools. And Coinbase lays off 14% of workforce in AI push. Imani Moise hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices