Oracle Says a TikTok Ban Would Hurt Cloud Business
ByteDance, the parent company of TikTok, is one of Oracle’s largest cloud customers.
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State Street, Galaxy to Jointly Develop New Digital Assets ETFs
New ETFs will offer exposure to digital asset companies
Mercury Customer Emails Caught Up In Evolve Cyber Attack
Startup neobank Mercury has warned customers that their information may have been compromised in a cyber attack.
Amazon Market Capitalization Hits $2 Trillion For First Time
The milestone puts Amazon alongside Nvidia, Apple, Microsoft and Google, all of which have a market value of at least $2 trillion.
Amazon Plans Discount Section to Counter Temu, Shein
Shares of Temu parent PDD Holdings, fell more than 2% immediately after The Information’s report, while shares of Etsy fell 1%.
VW To Invest Up to $5 billion Into Rivian
Rivian continues to lose money heavily and the VW partnership will give it a cash infusion to strengthen its balance sheet.
YouTube Is Reportedly in Talks with Record Labels to License Music for New AI Tools
YouTube is hoping to launch a new AI-based song generator this year. It's offering cash to labels and artists to use their music to train the software.
Jana Partners Takes a Stake in Cybersecurity Firm Rapid7
Thoma Bravo offered to buy Rapid7 last year but the two sides weren't able to agree on a price.
Apple Rejected Proposals to Integrate Meta’s AI Assistant Into Apple Products
Apple chose not to proceed with Meta in part because it doesn’t believe Meta’s privacy practices are stringent enough, Bloomberg reported.
Thrive Capital Invests in Indie Film Studio A24
Thrive Capital founder Josh Kushner will join A24's board of directors.
OpenAI Takes Further Steps to Block Developers’ Access in China
The move comes at a time when the U.S. government has been stepping up its efforts to limit China’s access to advanced U.S. technology.
Waymo’s San Francisco Robotaxi Service Becomes Widely Available
The expansion means that Waymo is getting closer to competing nationwide with Uber and Lyft.
Stability Suppliers to Forgive $400 Million in Bailout
Along with a cash injection, Stability's new investors have arranged for cloud providers to forgive some debt.
Paramount Global Co-CEOs Say They Have Hired Bankers to Sell Some Assets
A few weeks after sales talks with David Ellison's Skydance Media ended, Paramount leaders are moving forward with a plan to cut costs and sell assets.
Redpoint Closes $740 Million Growth-Stage Fund
The investment vehicle, titled Redpoint Omega V, closed three years after Redpoint’s last growth fund.
Europe Says Microsoft Breached Antitrust Rules With Teams Bundling
Microsoft has changed its approach to bundling Teams but the European Commission says the changes aren't sufficient.
Amazon Plans a ChatGPT-Like Consumer Chatbot
The browser-based chatbot will resemble existing chatbots already offered by competitors like OpenAI and Microsoft, according to the report.
Jump Trading Crypto Arm President Kariya Steps Down
Chicago trading firm was major backer of failed TerraUSD project
OpenAI Acquires Collaboration Startup Multi
The acquisition is the ChatGPT-maker's second deal announced in the last week.
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