Coatue Shelves Plan to Sell Part of ByteDance Stake
ByteDance CFO Julie Gao earlier referred Coatue to other investors who might be interested in buying the shares.
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TikTok Earmarks $1 Billion For Future EU Privacy Fines
TikTok expects more fines from European regulators—to the tune of $1 billion.
JPMorgan, Wells Fargo Profit Dips
JPMorgan CEO Jamie Dimon said geopolitical tensions are “treacherous and getting worse."
Musk Unveils Autonomous Robotaxi He Says Will Be Available in 2026
He stopped short of promising the vehicles would be fully autonomous, describing them as “highly optimized for autonomous transport.”
Federal Judge Greenlights Antitrust Lawsuit Against GoDaddy
A federal judge denied domain registrar GoDaddy's motion to dismiss an antitrust lawsuit that a competing startup filed against it earlier this year.
Toptal Lays Off Workers as Remote Hiring Demand Ebbs
The layoffs come as other marketplaces for online work deal with post-pandemic hiring changes.
HubSpot to Buy AI Billing Startup Cacheflow
The acquisition, which could be announced as soon as Friday, will help Hubspot expand its invoicing offerings to customers.
TD Bank Hit With Record $3 Billion Penalty
The bank pleaded guilty to money-laundering breaches that allowed criminals to easily open accounts and move money through the bank for nearly a decade
Apple to Sell TV+ Service on Amazon Prime Video
The deal is a sign that Apple wants to broaden the reach of Apple TV+, which has won critical plaudits for series such as “Slow Horses.”
TikTok Parent ByteDance Launches AI Earbuds in China
The earbuds, which let users talk to ByteDance's Doubao chatbot, show how tech companies are trying to capture consumer interest in AI.
OpenAI Names New Head of Post-Training While Another Researcher Departs
The post-Murati moves continue.
Apple’s Vision Pro Leader Riccio Will Retire
He previously led all hardware engineering at the company.
Meta Starts Rolling Out AI Assistant to 21 More Countries
The assistant will be available in 43 countries and 12 languages by the end of the year, the company said.
AWS VP of AI Matt Wood Departs
While AWS is the largest cloud provider by market share, the company has been under pressure to show how AI can boost its cloud computing business.
VanEck Launches $30 Million Ventures Fund for Crypto, AI
Asset manager’s first venture fund will invest in startups that enable the adoption of stablecoins in finance.
Justice Department Says It May Ask a Judge to Break Up Google
The Justice Department said Tuesday that it may ask a federal judge to force Google to divest Chrome, Google Play and Android.
Brazil’s Supreme Court Lifts Suspension of X
Musk complied with the court's demands, a month after he claimed the court was trying to undermine democracy.
Cerebras’ IPO to be Delayed by Government Review
Cerebras is reliant on G42 for the vast majority of its revenue, which likely would have been an issue for investors.
Shein Reports $2 Billion in 2023 U.K. Revenue Ahead of Potential London IPO
The fast-fashion company also doubled its U.K. profits, in line with its global growth last year.
More Than a Dozen States Sue TikTok Over Allegedly Harming Kids
Attorneys general from 13 states and DC sued TikTok on Tuesday, alleging that the company deliberately designed the app to be addictive to children
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.
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