UAE Fund MGX Has Held Talks to Invest in Musk’s XAI
MGX, backed by Mubadala Investment Co. and G42, has also invested in OpenAI.
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Recent Editions
Chinese Researchers Built Military-Use AI Model on Meta’s Llama
There are growing concerns in Washington about how U.S. technologies could help China expand its military and intelligence capabilities.
Amazon Plans Capex Increase to Over $75 Billion Next Year
The company reported a record $22.6 billion in capital expenditures in the third quarter, up more than 80% year-over-year.
JPMorgan Fined $151 Million For Conflicts and Disclosure Failures
The civil penalty for five separate actions related to failures in the bank’s securities and investment management subsidiaries.
Tether Says Quarterly Profit Jumped to $2.5 Billion
Stablecoin issuer benefits from rising market circulation
Apple Lifts Revenue 6% on Stronger iPhone Sales
The quarter's iPhone sales growth was double that of a year ago, despite the perception that the iPhone 16 series has lagged sales of previous versions.
Intel Reports $16.6 Billion Loss Amid Restructuring
Results come amid Intel's cost-cutting efforts, which include cutting some 15,000 jobs and slashing marketing and R&D spending.
Amazon Web Services Reports Steady Growth
Amazon shares rose 5% in after-hours trading on Thursday.
Waymo Fetches $45 Billion Valuation and Grows Market Share
Waymo, a unit of Alphabet that makes self-driving cars, was valued at $45 billion by investors in its latest financing.
OpenAI’s ChatGPT Adds Search Features in Challenge to Google
OpenAI teased the search capabilities in July with its SearchGPT product.
Microsoft CEO Nadella Hires Ex-Lacework CEO and Facebook Engineering Exec
Parikh most recently led Lacework, which sold to Fortinet for around $200 million in August.
Comcast Considers Spinning Off Cable Networks
Comcast's disclosure highlights how all the major TV companies are rethinking the position of cable channels in their portfolios.
DoorDash Strikes Marketing Partnership with Lyft
Customers of DoorDash and Lyft can get discounts on each other's services, an effort by the companies to better compete with Uber.
Uber Lifts Revenue 20% Despite Slowing Growth in Ride Hailing
Uber's delivery business got the benefit of higher advertising revenues, while its growth was stable.
Peloton Names Former Apple Executive Peter Stern as CEO
Stern is joining Peloton as its business has stabilized after a severe decline in the past few years.
Google Confirms $2.7 Billion Deal to Hire Character Co-Founders
The payout is extraordinary, considering it essentially aimed to get Character cofounder Noam Shazeer, a pioneer of conversational AI, back into Google in a leadership role.
Coinbase Plans Share Buyback After Fourth Straight Quarterly Profit
The exchange has been working to deliver steadier profits during crypto market swings.
Microsoft Revenue Rises 16% But Cloud Server Rental Growth Slows
Azure revenue rose 33% year over year, which CEO Satya Nadella attributed to “AI-driven transformation” among customers.
Volvo Takes Ownership of Swedish Battery Plant From Troubled Northvolt
Volvo said Northvolt had not made promised payments toward a joint venture
Super Micro Shares Plunge After Auditor Resigns
EY’s resignation is the latest sign of accounting trouble at the computer hardware company.
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