Oracle Shares Slump Despite New Meta AI Contract
Oracle's shares dropped after it reported its latest quarterly results, which included a slowdown in a metric representing contracted but unrecognized revenue .
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Rupert Murdoch Loses in Attempt to Change Family Trust
Murdoch was in a legal dispute with some of his children over changes to his family trust that would have consolidated power over Fox and News Corp under his eldest son, Lachlan.
Google Announces New Quantum Chip
Many companies, including IBM, Microsoft and Amazon, are trying to build a more powerful computing system based on qubits.
OpenAI Launches Video-Generating Sora Model
The official launch comes nine months after the software was first teased in February.
Comcast Gets Rights to Bundle Warner Bros.‘ Max in the U.S. and U.K.
Comcast's Sky will bundle Warner Bros. Discovery's Max once the streaming service finally launches in the U.K. in early 2026.
TikTok Asks Court To Suspend Ban Ahead of Supreme Court Appeal
TikTok wants the court to give it time to appeal the sell-or-ban law to the Supreme Court.
Omnicom to Buy Interpublic For $12.5 Billion in Stock
The deal suggests the ad industry feels the need for greater scale so it can better compete with Google, Amazon and Meta Platforms.
China Probes Nvidia for Potential Anti-Monopoly Violations
Chinese regulators alleged that Nvidia had breached terms attached to the approval of its $7 billion acquisition of Israeli firm Mellanox Technologies.
Amazon Makes AI-Assisted Tool Available to Chinese Sellers
Amazon is wooing China-based sellers with a host of measures.
Grok Chatbot Available to All X Users
The ‘freemium’ model mirrors similar offerings from OpenAI and Anthropic.
TikTok CEO: Will Seek Supreme Court Review to Halt Ban
To get an injunction to halt the ban, TikTok would need to show it would suffer irreparable harm during an appeal, experts say.
Meta Releases New Version of Llama 3
The model, called Llama 3.3, performs as well as one of Meta’s older, larger models but is easier and more efficient to run, Meta CEO Mark Zuckerberg said.
Trading App eToro Plans IPO, Hires Goldman Sachs
Company weighs going public as soon as the second quarter in 2025, Bloomberg reports.
DC Appeals Court Upholds TikTok Ban Law
A Washington appeals court unanimously upheld a U.S. law forcing a ban of TikTok if it doesn't divest from its Chinese parent company.
Trump Names Sacks White House AI, Crypto ‘Czar’
The president-elect said the venture capitalist will also work on free speech and tech bias issues.
Frank McCourt’s Project Liberty Prepares $20 Billion ‘People’s Bid’ for TikTok
If the app does not find a buyer for its U.S. operations by January 19, it could be banned in the U.S.
Stablecoin Issuer Circle Lays Off Less Than 6% of Staff
Circle filed confidentially for IPO in January this year
Spindrift Nears Sale to Private Equity Firm
The sparkling water brand has reportedly been seeking a buyer since early 2024.
Intel Co-CEO Says Strategy Won’t Change Under New Leader
David Zinsner, Intel’s interim co-CEO, sheds light on future direction as the chip company appoints two new independent board members with chip backgrounds.
Vox Media Lays Off Staff and Reorganizes Lifestyle Publications
The media firm, which owns New York magazine and The Verge, is focusing more on building recurring revenue streams. For instance, The Verge launched a paywall.
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