Deel Buys Africa-Based PaySpace as its Revenue Crosses $500M ARR
The payroll provider also said it's been generating cash for the last 18 months.
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CrowdStrike Shares Soar on Strong Results, First Annual Profit
Company also said it had agreed to acquire Flow Security.
Bipartisan Bill Would Force ByteDance to Divest TikTok
If ByteDance didn’t divest TikTok within 165 days of the bill passing, it would become illegal for app stores to offer TikTok or for web platforms to host it.
Facebook and Instagram Users Report Outages
Hundreds of thousands of users reported outages across Meta's apps, according to Downdetector.
KKR Taps BlackRock Veteran as Chief Information Officer
The private equity firm has hired Ruchir Swarup as its new technology head
Stitch Fix Forecasts Revenue Drop, Shares Tumble 16%
New CEO Matt Baer has tried to cut costs and restart growth.
Analyst: Apple’s China iPhone Sales Fell 24% Ahead of Lunar New Year
The data suggest Apple will face a slowdown in China sales this year due to stiff competition from Chinese brands.
Former Twitter Executives Sue Elon Musk for $128 Million
The executives claimed Musk denied them severance pay when he took over the company now known as X in 2022 and fired them.
AWS to Pay Up to $650 Million For Nuclear Data Center Campus
The cloud providers' interest in the site is significant because AWS and its rivals have been struggling to find enough power for their AI data centers.
Whole Foods to Open Smaller Stores in New York City
The new Whole Foods format won’t have Just Walk Out, the cashierless checkout technology that’s central to Amazon’s existing small retail format, Amazon Go.
AI Developer Anthropic Launches New Claude Models
Anthropic released Claude 2 in July last year.
European Commission Fines Apple 1.8 Billion Euros
The fine comes as Europe's new Digital Markets Act is coming into effect, forcing Apple to overhaul its App Store rules.
Reddit IPO Could Value it at $6.5 Billion
The valuation is a steep decline from its 2021 funding round.
Apple’s Vision Pro Leader Could Retire Soon
Dan Riccio stepped down from head of hardware engineering in 2021 to help get the Vision Pro out the door.
Meta’s CTO Hits Out at Google Following Report about AR/VR Snub
The social media giant wants to own the next computational platform for AR, VR and mixed reality, instead of relying on rivals.
Google Lays Off Trust and Safety Staff Amid Gemini Backlash
Staff have been working around the clock in recent days to fix problems with the chatbot, according to CEO Sundar Pichai
OpenAI Rejects Musk’s Claims That It Abandoned Mission
In a note to staff, chief legal officer Jason Kwon said Musk’s allegations “do not reflect the reality of our work or mission.”
Elon Musk Sues OpenAI for Breaching Founding Agreement
The billionaire accuses Sam Altman and Greg Brockman of departing from OpenAI’s original mission and putting profit above humanity
Fisker Shares Plunge After EV Maker Raises Doubt on Its Survival
Company founder says it is in talks with an automaker on an investment.
Dell Shares Soar on Dividend Increase Despite Lower Revenue
The company reported strong sales of its AI-optimized servers.
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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