SoftBank Group Swings to Profit on Vision Fund Investment Gains
The latest results show how a rebound in some public stocks and startup valuations is driving Vision Fund's recovery.
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Recent Editions
IAC Explores Spinoff of Angi
The move would follow previous spinoffs from IAC, such as Ticketmaster and Expedia.
Apple Developing Surveillance Camera Amid Smart Home Push
The camera is part of Apple's efforts to expand its smart home business with products that integrate seamlessly with the iPhone, Siri and Apple Intelligence.
Google’s News Executive Leaves
Prakash’s role had included managing Google News and also communicating with publishers about Google’s increasing emphasis on AI in search.
Bitcoin Hits $88,000 as Crypto Market Cap Tops $3 Trillion
Coinbase shares rose 20% Monday.
Forerunner Ventures Raises $500 Million Early-Stage Fund
The firm, known for consumer investments, now manages assets totaling around $3 billion.
Amazon Developing Smart Glasses for Delivery Drivers
The glasses could enable workers to deliver more packages per shift, cutting down on Amazon’s delivery costs.
StockX Names New CEO
Greg Schwartz is the company’s current chief operating officer and cofounded the company in 2016.
Musk Had Phone Call With Trump and Zelensky
Both Elon Musk and Donald Trump have voiced doubts about whether Ukraine can win its war against Russia.
Block Discloses New Money Laundering Probe
Jack Dorsey’s payments fintech Block is negotiating a potential settlement with several state regulators.
Paramount’s Streaming Unit Ekes Out Profit as TV Continues to Decline
Paramount reported a 10% growth in its streaming unit as overall company revenue fell 6% during the third quarter.
TSMC To Stop Making AI Chips For Chinese Customers
Efforts by ByteDance, Alibaba and Baidu to make their own AI chips could be affected by TSMC's decision.
Baidu to Announce AI-Powered Smart Glasses in China Next Week
The move could accelerate demand for the products in China, a market that is currently served by local startups rather than big name players.
Amazon Discussing New Multibillion-Dollar Investment in Anthropic
The talks show how even though both companies rely on each other, cloud providers and leading AI developers sometimes have competing priorities.
Palantir to Provide Anthropic’s Claude to U.S. Military
The company is the first to provide Claude for use in “classified environments.”
Startups Working with OpenAI Discuss $2 Billion Valuation
Anysphere and Mercor have received multiple termsheets as both businesses work with or for OpenAI.
Snowflake Taps Senior Google Engineer to Lead AI Push
Snowflake has had a difficult time making the transition to generative AI, but now it has a seasoned industry veteran to help lead its efforts.
Vuori Targets $5.5 Billion Valuation in Secondary Sale
SoftBank last valued the athleisure brand at $4 billion in 2021.
Rivian Sales Drop, Forecasts First Gross Profit
The electric vehicle maker has been held back by the shortage of a key component.
Pinterest Reports Slower Revenue Growth
Pinterest's user growth has slowed after a strong rebound in the first half of this year.
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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