U.S. Probes Stablecoin Giant Tether
The Treasury Department is also reportedly weighing sanctions. Tether said there is “no indication” of a broad probe.
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The Information AM
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Recent Editions
Microsoft Cut CEO Nadella’s Pay Over Security Breaches After He Requested It
While Nadella’s cash bonus took a hit, his total compensation rose to $79 million, up from $48.5 million a year prior.
Waymo Raises $5.6 Billion to Fuel Robotaxi Push
The autonomous driving company raised $5.6 billion from its parent company Alphabet and outside investors to expand its ride-hailing service.
Meta Strikes AI Deal With Reuters
From Friday, people in the U.S. who ask Meta’s AI chatbot questions about news and current events will receive responses that cite Reuters’ coverage.
Elon Musk, Putin Engaged in Secret Conversations
At the same time, Musk has increased his criticism of military aid to Ukraine.
Biden Memo Encourages Military Use of AI
The memo comes as the U.S. looks to maintain its position in the tight global AI race.
TSMC Says U.S. Chip Plant is Producing Better Results Than Taiwan Facilities
Chips made in the U.S. still need to be shipped to Taiwan for final assembly.
General Catalyst Raises $8 Billion Across Several New Funds
Established VC firms have continued a pandemic-era trend of raising mega funds.
Keurig Dr Pepper To Buy Energy Drink Maker
The acquisition is the latest in a string of deals by large CPG companies.
IBM Reports Weak Growth, Says AI is Making Customers Rethink Budgets
IBM said AI is causing customers to “reprioritize their IT budgets” without increasing spending.
Apple CEO Tim Cook Visits China For Second Time This Year
The Apple CEO pledges more investment in China even as the iPhone maker shifts some of its production to India to reduce supply chain risk.
Tesla Posts Strong Profit Margins, Predicts Record Sales for 2024
Shares rise 12%; analysts had been expecting a sales decline this year
ServiceNow Names New President, Posts Steady Sales But No Bump From AI
ServiceNow reported solid revenue growth in the third quarter, but artificial intelligence features didn’t seem to move the needle.
Roblox Makes Tweaks to Quell Child-Safety Outrage
The video game company has faced criticism that its site is a haven for pedophiles.
Character.AI Sued for Liability in Teenager’s Suicide
The lawsuit claims Character.AI knew its app “would be harmful to a significant number of minors but failed to re-design it to ameliorate such harms or furnish adequate warnings” of potential dangers.
OpenAI Winds Down ‘AGI Readiness’ Team as Policy Leader Exits
OpenAI policy leader Miles Brundage will be working in the nonprofit sector on AI policy research next, he said.
Developers Migrate to Snap Amid Meta’s AR Studio Shutdown
Some developers told Bloomberg that in light of Meta’s decision to shutter Meta Spark, they are now turning their attention to Snap’s rival platform.
Bank of America Doubles AI Patents In Two Years
Bank of America said it has doubled its artificial intelligence and machine learning-related patents in the last two years.
CFPB Fines Goldman, Apple $90 Million Over Credit Card Failures
The Consumer Financial Protection Bureau has banned Goldman Sachs from launching new credit cards without approval.
Nvidia’s Huang Says Blackwell Problem Fixed
The CEO claimed reports that the Blackwell problem had created tensions between Nvidia and TSMC were "fake news."
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.
By providing your email, you agree to The Information’s Privacy Policy