The RealReal CEO Exits After Less Than Two Years
The company's new CEO, Rati Sahi Levesque, is an ally of founder Julie Wainwright.
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Google Is Developing AI to Take Over Computers
Code-named 'Project Jarvis,' the product could operate a web browser or perform other tasks.
Lyft to Pay $2.1 Million to Resolve FTC Claims Over Driver Pay
The antitrust agency says the suit is part of a broader effort to protect gig economy workers.
Alibaba Agrees to Pay $433.5 Million to Settle Shareholder Lawsuit
The lawsuit was filed on behalf of investors who acquired Alibaba shares in 2020 before China's regulatory crackdown caused the stock to plunge.
Robotics Startup Agility Discusses Funding at $1 Billion Valuation
The latest round adds to a year of investment in young robotics companies.
Amazon’s Top Grocery Executive to Depart
A member of Amazon’s top leadership team, Hoggett oversees Whole Foods Market, Amazon-branded grocery and convenience stores and the company’s grocery delivery business.
Microsoft, X, OpenAI Discussed Buying Perplexity
The talks occurred last year, before Perplexity got a multibillion dollar valuation from investors.
U.S. Probes Stablecoin Giant Tether
The Treasury Department is also reportedly weighing sanctions. Tether said there is “no indication” of a broad probe.
Microsoft Cut CEO Nadella’s Pay Over Security Breaches After He Requested It
While Nadella’s cash bonus took a hit, his total compensation rose to $79 million, up from $48.5 million a year prior.
Waymo Raises $5.6 Billion to Fuel Robotaxi Push
The autonomous driving company raised $5.6 billion from its parent company Alphabet and outside investors to expand its ride-hailing service.
Meta Strikes AI Deal With Reuters
From Friday, people in the U.S. who ask Meta’s AI chatbot questions about news and current events will receive responses that cite Reuters’ coverage.
Elon Musk, Putin Engaged in Secret Conversations
At the same time, Musk has increased his criticism of military aid to Ukraine.
Biden Memo Encourages Military Use of AI
The memo comes as the U.S. looks to maintain its position in the tight global AI race.
TSMC Says U.S. Chip Plant is Producing Better Results Than Taiwan Facilities
Chips made in the U.S. still need to be shipped to Taiwan for final assembly.
General Catalyst Raises $8 Billion Across Several New Funds
Established VC firms have continued a pandemic-era trend of raising mega funds.
Keurig Dr Pepper To Buy Energy Drink Maker
The acquisition is the latest in a string of deals by large CPG companies.
IBM Reports Weak Growth, Says AI is Making Customers Rethink Budgets
IBM said AI is causing customers to “reprioritize their IT budgets” without increasing spending.
Apple CEO Tim Cook Visits China For Second Time This Year
The Apple CEO pledges more investment in China even as the iPhone maker shifts some of its production to India to reduce supply chain risk.
Tesla Posts Strong Profit Margins, Predicts Record Sales for 2024
Shares rise 12%; analysts had been expecting a sales decline this year
ServiceNow Names New President, Posts Steady Sales But No Bump From AI
ServiceNow reported solid revenue growth in the third quarter, but artificial intelligence features didn’t seem to move the needle.
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