Andreessen Horowitz Raises $7.2 Billion, Surpassing Target
The larger-than-expected raise is notable given the challenging fundraising environment.
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Hong Kong Grants Conditional Approvals for Bitcoin, Ether ETFs
Approvals could boost Hong Kong’s status as a crypto hub and funnel more investor capital into the two biggest crypto tokens.
IAC Hires Former Hearst and Disney Execs to Steer the Daily Beast
Former Hearst Magazines executive Joanna Coles and former Disney ABC TV executive Ben Sherwood are also getting equity stakes in the digital media publication.
Tesla Executives Departs Amid 10% Layoffs
Tesla’s SVP of powertrain engineering Drew Baglino has left the company.
Tesla Cuts Global Workforce by More Than 10%
EV maker joins other Big Tech companies in trimming their workforce.
OpenAI Launches Tokyo Office as It Seeks Japan Business
The move comes as Japan's government is ramping up its effort to help local businesses accelerate the country's AI development.
Apple Spent $16 Billion on Manufacturing in Vietnam Since 2019
Apple has looked to places like Vietnam and India to expand its manufacturing beyond China to hedge against geopolitical and supply chain risk.
Altman Said to Pitch Microsoft Customers On OpenAI’s Software
Microsoft also uses OpenAI's software in a number of its products, such as its AI Copilots.
AWS Must Pay $525 Million After Losing Cloud Patent Infringement Case
While the jury found AWS to be guilty of patent infringement, it concluded that the company did not knowingly infringe.
Microsoft Breach Allowed Russian Hackers to Steal Federal Agency Emails, US Says
The directive is the first public confirmation that the federal government was affected by the Russian hack, which Microsoft first disclosed in January.
JPMorgan, Rivals Show Signs Of Rate Stress
JPMorgan Chase grew profits 6% to $13.4 billion in the first quarter of the year.
Taylor Swift’s Music Returns to TikTok Despite UMG Dispute
It's not clear why Swift's music has returned but not those of other UMG artists.
Google Cloud Chief Takes Jab at Microsoft ‘Stargate’ Effort
“We are not looking to raise a trillion dollars to build a supercomputer because we’ve been building one for 10 years," Kurian said.
Google Cloud Doesn’t Plan to Offer AMD AI Chips, Exec Says
Even without Google, AMD expects a record year of GPU sales.
ByteDance Expands Buyback to Non-U.S. Employees
TikTok parent company ByteDance is now also offering to buy back shares from employees outside the U.S.
Amazon Adds Ex-Baidu, Google Brain Exec Andrew Ng to Board
The company also said that Judith McGrath, a longtime television executive, will not stand for reelection at its annual shareholder meeting in May.
Hiring Software Firm Checkr Cuts Staff
The company, backed by Fidelity and Franklin Templeton, was last valued at $4.6 billion.
OpenAI CEO Altman Turns to Middle East For ‘Global Coalition’ Ambitions
The OpenAI CEO is pressing government officials on this plan to build data centers and the other technological infrastructure to support AI.
OpenAI Expands $86 Billion Tender Offer, Inviting Former Employees
Some investors have sat out the share sale because of OpenAI's high valuation.
Wiz Buys Israeli’s Gem Security
The cybersecurity startup indicated it will do more deals in the future.
Weekday mornings
The Information AM by The Information Staff
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