SEC Says Crypto Accounting Rule Won’t Apply to Some Banks
The move removes key obstacle for banks to offer crypto-related services
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Recent Editions
StubHub Delays IPO to After Labor Day
The company has been hoping for a $16.5 billion valuation, but that may be too far of a reach for some investors.
EU AI Act Publication Triggers Enforcement Deadlines
The new law will officially come into effect on August 1.
AT&T Says Hackers Stole Call and Text Records of ‘Nearly All’ Customers
The breach occurred when hackers broke into AT&T’s data stored in Snowflake’s cloud environment.
Meta Platforms To Release Largest Llama 3 Model on July 23
The release will come about a year after the launch of Llama 2.
Dealmaking Revival Boosts JPMorgan, Citi Earnings
A recovery in Wall Street dealmaking has reversed a recent lull in investment banking fees and helped boost earnings at large U.S. banks.
Amazon Rufus Shopping Chatbot Now Available for All U.S. Shoppers
The chatbot can compare products, answer questions about items and summarize customer reviews.
European Commission Says Musk’s X Breaches Digital Services Act
The finding could lead to big fines for X.
OpenAI Develops Benchmark to Track AI Progress
The benchmark tracks the company's progress to artificial general intelligence, or AI that can reason like humans do.
KKR and Axel Springer in Talks to Break Media Firm Up
The breakup would leave Business Insider and Politico in the hands of CEO Dopfner and Friede Springer, while KKR would keep the classified websites.
House Fails to Override Biden Veto on Crypto Accounting Rule
SEC rule that discourages banks from holding crypto remains in place
Tesla Delays Robotaxi Event to October
The electric vehicle maker needs more time to work on prototypes, according to Bloomberg.
Democratic Megadonor Mark Pincus Urges Biden to Quit Presidential Race
The billionaire joins a growing chorus of backers and politicos who want Biden out.
SEC Ends Investigation into Paxos Over Binance Stablecoin
SEC will not pursue enforcement action against Paxos
Olaplex Adds Two C-Suite Execs As It Aims to Reverse Falling Sales
The hair care brand hired former Supergoop and L Catterton exec Amanda Baldwin as CEO earlier this year.
Intuit Lays Off 10% as TurboTax-Maker Prioritizes AI
Intuit CEO Sasan Goodarzi said the move was not a cost-cutting measure, and that Intuit will replace the roles with new hires.
Google Calls Off Talks to Buy Marketing Software Firm Hubspot
The online search giant has reportedly ended acquisition talks with Hubspot, sending the latter’s shares plummeting.
Biden Advisor Meets With Crypto Executives in Roundtable
Engagement comes as more crypto leaders donate to Trump
Microsoft Reaches Deal to Settle EU Antitrust Complaint
Microsoft still faces regulatory scrutiny over its software licensing practices in the UK and in the US.
AMD to Acquire Finnish AI Developer Silo in $665 Million All-Cash Transaction
The acquisition will help AMD close its gap against chip giant Nvidia.
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
