Wiz Hires Ex-DreamsWorks Exec as CFO
The hiring of Merchant, who will also serve as the company’s president, puts the company on track for an initial public offering likely by next year.
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Frank McCourt’s Project Liberty Submits Formal Offer to Buy TikTok
Billionaire Frank McCourt's Project Liberty said it submitted a formal proposal to acquire TikTok's U.S. assets.
Bluesky Said to Near $700 Million Valuation
The new round comes on the heels of an October funding and a presidential election that prompted a spike in users.
Meta Faces Backlash Over Content Moderation Changes
Meta's employees and European regulators have criticized Meta's changes, while Republican lawmakers have questioned Meta's motivation for making them.
Biden to Issue One Last Set of Restrictions on Nvidia Chip Exports
The move comes as Chinese firms continue to access Nvidia chips despite existing restrictions
Google Cloud Taps Software Veteran for COO Role
In the latest sign of Google Cloud's ascendance in the cloud industry, it now has a full-time chief operating officer overseeing its business.
Microsoft Plans Company-Wide Performance Based Layoffs
The layoffs will be based on performance and will impact less than 1% of employees.
TikTok Shop Competitor Whatnot Boosts Valuation to $5 Billion
The livestreaming e-commerce app is poised for a boost in business if TikTok is banned Jan. 19.
Global Startup Investments Rebound While Number of Deals Fall
AI represents 46% of U.S. deals, or $97 billion
U.K. Parliament Committee Grills Shein and Temu Over Labor Issues
Shein’s “reluctance to answer basic questions” frustrated lawmakers.
Getty Buying Shutterstock for Around $1.35 Billion
The companies said the merger would provide more financial capacity for product investment and innovation.
Anthropic in Talks To Raise Funding at $60 Billion Valuation
The fundraise would more than triple the startup's valuation from around a year ago.
Trump: Emirati Firm to Spend $20 Billion on U.S. Data Centers
He said the first phase of the build out will involve building in Texas and Arizona, as well as several states in the Midwest.
ByteDance Releases Short Drama App Melolo
TikTok's parent company quietly launched a short drama app called Melolo.
Meta Platforms Shifting to Community Notes Fact Checking
Meta is explicitly following in the footsteps of Elon Musk's X, a far-reaching move with implications for the broader social media sector and advertising.
Tech Industry Raises Concerns Over Upcoming Chip Export Rules
The Semiconductor Industry Association suggests that the Biden administration hand over policymaking to Trump.
Tencent, CATL Added to Pentagon’s Blacklist
Both companies call the Department of Defense’s designation ‘a mistake.’
Nvidia Introduces Personal Supercomputer to Deploy AI Locally
The $3,000 supercomputer “sits on your desk” for local AI model development.
Salesforce Taps New Leader for AI Agents, Data Management
Salesforce's Agentforce and Data Cloud are two of its most important products, and now they have a new sales leader overseeing them.
Meta Adds Trump Ally Dana White, Two Others to Board
Meta's board of directors now has 13 members.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
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