Alphabet Appoints CFO From Eli Lilly
Alphabet said Wednesday that Anat Ashkenazi, CFO at drugmaker Eli Lilly, will succeed Ruth Porat as CFO as of July 31.
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SAP Acquires Tech Support Firm WalkMe for $1.5 Billion
The acquisition is part of SAP’s strategy to get customers to spend more on generative AI software.
Databricks to Pay More Than $1 Billion For Data Management Startup Tabular
Databricks has been on an acquisition spree, picking up companies like MosaicML, Arcion, Einblick and Lilac AI in the last 12 months.
Ex-OpenAI researcher Leopold Aschenbrenner Starts AGI-focused Investment Firm
The researcher has capital from former Github CEO Nat Friedman, investor Daniel Gross, Stripe CEO Patrick Collision and more.
Current, Former OpenAI Staffers Call for Whistleblower Protections
The open letter from current and former OpenAI employees follows public criticism of the startup's safety practices.
Elon Musk Diverted Nvidia Chips from Tesla to X and xAI
News that Musk sent Nvidia chips to X and xAI instead of Tesla could fuel questions about his loyalty to the electric car company.
Goldman’s Head of Digital Assets Americas is Leaving
Oli Harris departs for new opportunity after more than three years
Investment Firm Consortium Brand Partners Acquires Outdoor Voices
The athletic apparel brand has struggled with declining sales and executive turnover for several years.
Paramount Leaders Outline Plan to Cut Costs, Explore Streaming Joint Ventures
Paramount's current leaders presented their strategy in the event the company is not sold to a group of buyers led by David Ellison's Skydance Media.
Sam Altman Tapped JPMorgan Debt Line to Invest in Startups
The line of credit enabled Altman to pursue a prolific side gig as a startup investor.
Microsoft Lays Off Over 1,000 Employees in Cloud, Mixed Reality Groups
Most of the job cuts are within the company’s Strategic Missions and Technologies org, while others are in its Mixed Reality unit.
Bitcoin Investor Michael Saylor Settles Tax Fraud Suit for $40 Million
D.C. Attorney General alleges Saylor faked residence to avoid tax
X Adjust Rules to Allow Porn and Violence
The social media site now explicitly allows Not Safe For Work content, potentially opening the door to new revenue streams.
Former Warner Executive John Rogovin Named ByteDance General Counsel
The former general counsel, Erich Andersen, will focus on TikTok’s legal challenge to the U.S. ban-or-sale law and other regulatory issues in the U.S. and Europe.
Spotify Raises Prices Again
Spotify has now raised prices between 20% and 30% in the past 12 months.
David Ellison’s Skydance Nears Deal to Buy Paramount Global Owner
Last week, Skydance made a new offer to purchase Paramount owner National Amusements, which included cashing out nonvoting Paramount shareholders at a premium.
Microsoft to Spend $3.2 Billion on Data Center in Sweden
The company is in the midst of an unprecedented buildout amid the AI boom.
Shein Nears IPO Filing in London
The China-founded online retailer initially tried to apply for a U.S. listing
Greylock Hires Partner to Invest in Israeli Startups
The hiring represents an increased focus on the country, where it has invested in cybersecurity startups Wiz and Cato.
Washington Post Hires Former WSJ Editor Murray as Executive Editor
The hire is part of a broader shakeup of the Post, under which a British editor will take the reins after the election.
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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