Meta to Break Up Civil Rights Team
Meta’s vice president of civil rights Roy Austin announced his departure last week, on the same day that the company ended many of its diversity efforts.
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Sequoia, Paradigm Lead $150 Million Round for Phantom Wallet
The crypto wallet startup more than doubled its valuation to $3 billion.
U.S. Moves to Restrict Trade ‘Loophole’ Used by Temu and Amazon
It means companies like Temu, Amazon and Shein that had been dodging tariffs by shipping goods directly to U.S. shoppers from China would have to start paying tariffs.
Supreme Court Upholds Law That Would Ban TikTok on Sunday
The Supreme Court on Friday upheld a U.S. law that forces TikTok to cut ties with its Chinese parent ByteDance or face a ban.
FTC Says Snap’s AI Chatbot Could Harm Users, Refers Case to Criminal Prosecutors
The FTC alleged the company’s AI chatbot poses “risks and harms to young users of the application” and that Snap “is violating or is about to violate the law.”
Amazon Lays Off 200 Employees in North America Stores Division
The division includes a wide variety of teams working on everything from fashion and fitness products to private brands.
Senior Microsoft Infrastructure Executive Kahn to Depart
Kahn played a key role in the development of the supercomputers that Microsoft has built for OpenAI.
Microsoft CEO Nadella Met with Trump and Musk on AI Data Centers, Security
Microsoft is hoping Trump will loosen regulations in order to make it easier for Microsoft to build and power data centers.
Microsoft Adds AI to Office Apps, Raises Price 30%
Existing customers will have the option to keep their current subscription without getting the Copilot features.
eToro Files Confidentially for U.S. IPO
The company is seeking a valuation of more than $5 billion, FT reported.
Rokt Valued at $3.5 Billion in Secondary Deal, Targets 2026 IPO
The e-commerce software maker was last valued at $1.6 billion in late 2021.
Jeff Bezos’ Blue Origin Launches New Rocket to Orbit
The first flight of its New Glenn rocket successfully delivered its payload to orbit.
Coinbase Reintroduces Bitcoin-Backed Loans to U.S. Customers
Customers can borrow USDC stablecoins with their bitcoin holdings.
Ex-Binance.US CEO Launches Stablecoin-Focused Startup
1Money, a decentralized payments network, raised over $20 million in funding.
TSMC Profits Surge 57% on Strong Demand for AI Chips
The world’s largest chipmaker said the latest U.S. restriction on chipmaking orders from China had a “manageable” impact on the business.
Apple Eyes Barclays, Synchrony to Replace Goldman for Credit Card
Goldman has struggled to make the credit card profitable and is trying to end its partnership with Apple early.
Biden Administration Explores Ways to Keep TikTok Accessible on Sunday
TikTok is preparing to switch off its app for U.S. users after the Jan. 19 ban deadline.
U.S. Tries to Stop TSMC From Producing Chips For Blacklisted Chinese Firms
The rules come after a U.S. probe of whether Taiwan Semiconductor Manufacturing Co. made advanced chips that ended up at Huawei, which the U.S. had blacklisted.
Trump Weighs Executive Order to Save TikTok
President-elect Trump is weighing options for how to save TikTok, including issuing an executive order.
Axios Signs Content Licensing Partnership with OpenAI
OpenAI expanded its roster of content licensing deals to include Axios
Weekday mornings
The Information AM by The Information Staff
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