Evolve, Bank for Mercury and Synapse, Hit With Fed Action
Fintech bank Evolve Bank will have to overhaul its risk management, compliance and anti-money laundering controls.
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The Information AM
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Recent Editions
Microsoft Pulls AI ‘Recall’ Feature From New PCs Amid Privacy Concerns
The feature was almost immediately criticized by security experts, who said hackers could abuse it to steal users’ passwords or financial information.
Adobe’s Shares Rally as Generative AI Fuels Revenue Growth
The company also raised its target for net new digital subscriptions to $1.95 billion.
Tesla Shareholders Cheer Musk On Following Pay Ratification
Tesla also reelected board members James Murdoch and Kimbal Musk.
OpenAI Adds Ex-NSA Director to its Nonprofit Board
Nakasone will join the board's Safety and Security Committee to help shape the company’s strategy on cybersecurity threats.
Microsoft President: Executive Bonuses Will Be Tied to Cybersecurity
Lawmakers asked about a report accusing Microsoft of failing to prioritize cybersecurity, and about its business with China.
JPMorgan Flags Sale Of Greek Fintech After Legal Woes
JPMorgan has raised the prospect it could shortly sell its partly-owned Greek payments fintech Viva Wallet
Amazon to Launch Satellite Internet in South America Through Vrio Deal
Amazon has said that it plans to launch commercial Kuiper service at some point in 2025.
Musk: Tesla Shareholders Voting in Favor of Pay Package
Tesla is due to officially announce the result Thursday at the company's annual shareholder meeting.
Apple Isn’t Paying OpenAI For ChatGPT Partnership
OpenAI is hoping that more exposure on iPhones will lead to more signups of its paid service, while Apple will take its customary cut from these subscriptions.
Broadcom Revenue Jumps 43% on AI Chip Demand
Broadcom said one-quarter of its revenue came from AI products.
OpenAI Surpasses $3.4 Billion in Annualized Revenue
The ChatGPT maker was generating $1.6 billion in annualized revenue in late 2023.
Elon Musk Withdraws Lawsuit Against OpenAI, Sam Altman
Elon Musk originally filed the lawsuit in February.
Brex Ditches Co-CEO Structure Ahead Of IPO
Fintech startup Brex has shaken up its leadership structure ahead of a potential IPO.
Apple and Microsoft Vie For Most Valuable Title
Apple shares have rallied strongly since the company unveiled artificial intelligence updates it plans to make in the coming year.
Biden Considers More AI Chip Restrictions For China
The new rules could hinder Chinese firms from creating their own AI chips.
Thousands of Amazon Gig Drivers File Arbitration Claims Seeking Unpaid Wages
Flex drivers have been key to Amazon’s logistics expansion in recent years, handling everything from standard packages to grocery and pharmacy deliveries.
Microsoft to Rent Oracle Cloud Servers for OpenAI
Oracle reported decelerating revenue growth, but its shares rose following the announcement of the Microsoft deal.
Shari Redstone’s National Amusements Ends Sale Talks with David Ellison’s Skydance
National Amusements controls about 77% of Paramount Global, which David Ellison had sought to merge with Skydance after acquiring the parent company.
Utah Sues TikTok For Facilitating Sexual Exploitation Through TikTok Live
The suit alleges that TikTok knew that Live operated as “a seedy underbelly of sexual exploitation,” although examples of internal discussions were redacted.
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